|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 recorded N1.05tn bad loans in 2019 – NBS
Banks’ non-performing loans amounted to N1.05tn as of December 2019, the National Bureau of Statistics said on Wednesday. The bureau also gave the gross loans of the banking sector as N17.56tn in the review period…..read more.
Nigeria’s total public debt rises to N27.4tn –DMO
The Federal Government and the 36 states, as well as the Federal Capital Territory, owed a total N27.4tn as of December 2019, according to the latest figures released by the Debt Management Office on Wednesday…..read more.
Oil price falls to $24, oversupply fears grow
The international oil price benchmark, Brent crude, slid further on Wednesday, as a bigger-than-expected rise in United States inventories and a widening rift within the Organisation of Petroleum Exporting Countries heightened oversupply fears…..read more.
FG suspends April savings bond offer
The Federal Government has suspended its April 2020 savings bond offer, as a result of challenges of COVID-19 on the economy…..read more.
OPS prioritises projects amid cash crunch, export hoarding
With over N25 billion donated so far, the Organised Private Sector (OPS) has urged the government to focus on the quick wins to safeguard public health, security and food security, while urging other operators to complement the current efforts of the government and the various private sector coalitions to ensure effective containment of the pandemic….read more.
Local airline loses N2.1 billion in three weeks
A major local airline has lost as much as N2.1 billion in the last three weeks over flight disruption occasioned by the coronavirus disease pandemic…..read more.
Directors seek regulatory mechanisms to mitigate Coronavirus pandemic’s impact
The Institute of Directors (IoD) Nigeria, has emphasized the need to review and amend existing regulatory frameworks that are guiding corporate organizations to help address the impact of COVID-19 on the business environment……read more.
Lekki Port receives $221 million China harbour’s equity infusion
Lekki Port LFTZ Enterprise Limited (LPLEL) has now received the infusion of $221,047, 248 equity funding from China Harbour Engineering Company (CHEC), one of the shareholders of the Lekki Deep Sea Port Project currently under construction at the Lagos Free Trade Zone, Ibeju Lekki…..read more.
CBN Offers N95.681bn TBills, Records 59% Oversubscription
The Central Bank of Nigeria (CBN) offered a total of N95.681 billion debt instrument at its Nigerian Treasury Bills Primary Market Auction….read more.