Monday, March 30,2020
Employees of the Transmission Company of Nigeria branch of the Senior Staff Association of Electricity and Allied Companies on Sunday vowed to sustain the evacuation of electricity despite challenges posed by the spread of coronavirus…read more.
Despite an increase in bank credit to the private sector, the non-performing loans stood at 6.54 per cent as of February, 1.54 per cent above the prudential benchmark set by the Central Bank of Nigeria. Credit to the private sector rose by N2.35tn from June 2019 to February this year after the Central Bank of Nigeria mandated the Deposit Money Banks to raise their Loan to Deposit Ratio…read more.
Fidelity Bank on Sunday night announced a plan to close all its branches in Lagos, Ogun and the Federal Capital Territory for 14 days with effect from Tuesday. The lending institution however assured that its online banking channels would remain active during the period….read more.
As operators seek speedy execution of stimulus packages to stem prevalence. As the COVID-19 crisis continue to take toll on the global and domestic economy with rising new cases of the virus involving prominent government officials, weak sentiments continued to dominate the equities market, even as medium and high cap stocks hit new lows….read more.
Again, the Securities and Exchange Commission (SEC) has warned Nigerians against patronising fund managers that are not registered with the commission. According to the SEC, the commission had, in recent times observed the proliferation of the operation of unlawful/unlicensed investment schemes, with promises of huge, but unjustifiable returns on investment…read more.
Bank urges Nigerians to make safety paramount against Virus. The African Development Bank (ADB) has raised a $3 billion bond instrument in a three-year tenure to help alleviate the impact of COVID-19 pandemic in Africa…read more.
The Central Securities Clearing System (CSCS) Plc, at the backdrop of the challenging environment of Coronavirus (COVID-19) pandemic, has activated its business continuity plan while going fully digital….read more.
THE uncertainty and general decline in global economic activities caused by the Coronavirus, COVID-19, pandemic as well as the sharp drop in the price of crude oil have further dimmed Nigeria’s prospect of reversing the downward trend in foreign portfolio investments (FPIs) in the Nigerian Treasury Bills (NTBs)…read more.
President Donald Trump on Sunday extended the national social distancing guidelines to April 30, walking back his previous remarks that he wanted the country to reopen for business by Easter. “Nothing would be worse than declaring victory before the victory has been won….read more.
Large-scale lockdowns to contain the coronavirus outbreak have hurt the supply of manpower and disrupted supply chains in the agriculture industry. The United Nations’ Food and Agriculture Organization said the world risks a “looming food crisis”…read more.
Following public reactions to attempts by the Nigerian Ports Authority (NPA) to get full details of COVID-19 cases said to have been found on a vessel, the Nigerian Ports Authority (NPA) has denied contradicting the National Centre for Disease Control (NCDC)…read more.
Investors in WAPIC Insurance Plc, Cutix Plc, Morison Industries Plc and Neimeth International Pharmaceuticals Plc, had a good outing at the stock market last week despite the persistent bearish trading. The negative impact of the coronavirus and weak crude oil prices sent the market to record low since the beginning of March following huge losses by stocks…read more.
The African Development Bank (AfDB) has raised $3 billion in a three-year bond to help alleviate the economic and social impact the Covid-19 pandemic will have on livelihoods and Africa’s economies….read more.