|Friday, March 27, 2020|
The Central Bank of Nigeria has granted a two- week market holidays to the Bureaux De Change operators.This followed a request by the Association of Bureaux De Change Operators of Nigeria to the CBN for the regulator to grant it market holidays given the ongoing challenges faced in local and global economies due to the impact of the coronavirus pandemic…read more.
The Central Bank of Nigeria and the private sector, led by Aliko Dangote Foundation and Access Bank, have set up a coalition aimed at raising N120bn towards the fight against COVID-19 in Nigeria. The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, said at a press briefing in Lagos on Thursday….read more.
The Securities and Exchange Commission has warned Nigerians against patronising fund managers that are not registered with the commission. According to SEC, in recent times, it has observed the proliferation of the operation of unlawful/unlicensed investment schemes, with promises of huge, but unjustifiable returns on investment…read more.
The International Labour Organisation (ILO) has disclosed that about 25 million people would become unemployed, while over $3.4 trillion income would be lost to the novel coronavirus globally….read more.
With only a week to go before OPEC+ countries start flooding the world’s total oil production with an estimated extra 2.5 million barrels per day (bpd) amid the Covid-19 crisis, building one of the biggest oil supply gluts the world has ever seen, UK operator INEOS has decided to postpone its scheduled maintenance for the North Sea Forties pipeline system (FPS)…read more.
As part of efforts to curtail the global coronavirus pandemic ravaging businesses in the country, the Bureau of Public Enterprises (BPE) has said it is developing a framework to reform the healthcare sector with a combination of tentative, measured and unmeasured initiatives….read more.
United Bank for Africa Plc, UBA, yesterday, announced a donation of over N5 billion ($14 million), through the UBA Foundation, to catalyse a comprehensive pan-African response to the fight against the coronavirus pandemic….read more.
Ado-Ekiti—In view of dwindling economic fortune of the nation arising from the Covid-19 pandemic ravaging the world, Ekiti State Governor, Dr Kayode Fayemi, has restated his administration’s resolve to use the agriculture sector…read more.
The United Bank for Africa Plc (UBA) thursday announced a donation of over N5 billion ($14 million) through its UBA Foundation, to catalyse a comprehensive pan-African response to fight the COVID-19 global pandemic….read more.
The Central Bank of Nigeria (CBN) has suspended activities of Bureaux De Change operators for two weeks in line with measures to halt the spread of the COVID-19. This becomes effective from today….read more.
The Central Securities Clearing System (CSCS) Plc, which is the financial market infrastructure for the Nigerian capital market, has suspended services to walk-in clients, and switched to the use of digital channels as part of efforts to check the spread of the COVID-19 pandemic…read more.
A country’s speed of response and demographic are two of the reasons heath experts said death toll differs. Italy has reported more than twice as many deaths than China, where the virus first emerged in late 2019….read more.
In the call with Trump, Chinese President Xi Jinping said that U.S.-China relations are at a critical juncture, and hoped the U.S. would make substantial action in improving the relationship, according to a Chinese-language state media report translated by CNBC….read more.
Rates have held relatively steady despite record-breaking levels of initial jobless numbers out of the U.S. on Thursday, with 3.28 million Americans filing unemployment claims….read more.