Thursday, April 30, 2020 Debt servicing may gulp 75% govt revenue by 2024 –Report A report published by the World Bank has projected that debt servicing will take up about 75 percent of the Federal Government’s revenue by 2024……read more. FG decontaminates two out of 123 aircraft The Federal Government…
The Nigerian Stock Exchange (NSE) reopened trading on Tuesday after the Easter holidays with a growth of 2.32 per cent in spite of the lockdown extension in some parts of the country. The federal government on April 13 extended lockdowns in Lagos, Abuja and Ogun State for an additional 14 days to contain the coronavirus…
Thursday, April 9, 2020 Discos offer customers two-month free electricity Power distribution companies on Wednesday announced that they were in support of the proposal by the National Assembly and the Federal Executive arm of government that Nigerians should get two months of free electricity…..read more. FG slashes budget, sends to National Assembly…
Wednesday, April 8, 2020 United Capital Raises N5.3 Billion in Commercial Paper to Boost Operations United Capital Plc, a leading pan-African financial and investment services group has successfully raised N5.3 billion in a Series 1 and 2 Commercial Paper (CP) issuance, under its N20 billion program registered with the FMDQ Securities Exchange….read more.…
Tuesday, April 7, 2020 Listing of the FGN Savings bond March 2020 issue Dealing Members are hereby notified that the Federal Government (FGN) Savings Bond, March 2020 Issue were on Friday, 3 April 2020 listed on the Official Daily List of The Nigerian Stock Exchange….read more. Nigeria to borrow $6.9bn from World…
Monday, April 6, 2020 Dangote Cement to raise N100bn in fresh bond Dangote Cement Plc has said it is seeking to raise up to N100bn from the bond market under its N300bn Debt Issuance Programme……read more. Electricity: Gas shortage stalls 10,362MW in three days In three days, April 2 to April…
Friday, April 3, 2020 COVID-19: 637 Europeans evacuated, Reps make case for aviation workers A total of 637 Europeans were on Thursday evacuated through the Murtala Muhammed International Airport, Lagos. While 238 Germans were evacuated by Lufthansa, Air France evacuated 399 French and Dutch citizens; 142 were earlier picked from Cotonou, the…
Wednesday, April 1, 2020 Nigeria, South Africa, others seek debt relief from World Bank The ministers of finance from African countries have called for debt relief from bilateral, multilateral and commercial partners to cushion the negative impact of the coronavirus pandemic on the economies of countries within the region….read more. Banks…
The 2020 Nigerian stock market ASI YTD crash began on Thursday, February 27. The NSE ASI fell by -0.13% YTD that day to 26,808.24 index points after a global market recognition as “THE WORLD’S BEST PERFORMER” with a positive price return of 4.22%. Some labeled the crash as “BLOODY VAL” that started the ASI YTD…
Wednesday, April 1, 2020 Lagos, Ogun, FCT may lose N1.6tn to lockdown – Investigation At least N1.62tn is expected to be lost in terms of monetary output by businesses and firms as a result of the two-week restriction of movement imposed on Lagos, Ogun and the Federal Capital Territory by the Federal…