| 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 Bank, IMF, AfDB The Federal Government is to raise the sum of $6.9bn through external borrowing from the World Bank, the International Monetary Fund and the African Development Bank…..read more. Fitch downgrades Nigeria to ‘B’, negative outlook Fitch Ratings has downgraded Nigeria’s long-term foreign-currency issuer default rating to ‘B’ from ‘B+, which means the outlook is negative….read more. CBN to suspend interest payment on state debts The President, Major-General Muhammadu Buhari (retd.), has approved the suspension of the payment of interest on debts owed by state governments…..read more. US, Canada evacuate over 575 citizens from Nigeria The United States of America and Canada on Monday evacuated 575 of their citizens from Nigeria due to the COVID-19 crisis…..read more. Oil falls to $32 as OPEC+ postpones meeting The international oil benchmark, Brent crude, fell on Monday after Saudi Arabia and Russia postponed a meeting to discuss output cuts that could help to reduce global oversupply as the coronavirus pandemic pummels demand…..read more. Federal government affirms deregulation, says no resort to fuel subsidy The Federal Government yesterday, affirmed its resolve to deregulate the downstream sector, stating that the country would no longer resort to subsidy or under-recovery if oil prices regain momentum….read more. ‘Naira depreciation could rekindle foreign portfolio investors’ interests’ Analysts in Nigeria’s financial sector have expressed optimism that the Central Bank of Nigeria’s (CBN) adjustment of the Foreign Exchange (FX) rate to N380 to $1, could rekindle the interest of foreign portfolio investors in the country’s financial instrument…..read more. SEC moves to clamp down on illegal investment outfits, operators The Securities and Exchange Commission (SEC) has stated that the commission is currently working with relevant law enforcement agencies to ensure that illegal investment outfits and their promoters face the full wrath of the law…..read more. FBN Holdings Records 27% Rise in Profit After Tax to N74bn FBN Holdings Plc has grown its profit after tax (PAT) by 26.5 percent to N73.7 billion for the year ended December 31, 2019, up from N58.2 billion in 2018…..read more. 5G and COVID-19: Technology, Conspiracy and Ignorance One would ordinarily have dismissed the “controversy” around 5G technology and the strange connection with COVID-19 being stridently pursued by some people as ignorant rants occasioned by the morbid fear of the rampaging coronavirus, but…..read more. The Age of the Start-ups: The Familiar Path of Companies that have Failed the Test of Time There has been significant growth with respect to investment and business development in the country, and this cuts across all areas of the Nigerian economy; E-commerce, mobile technology, fintech startups among others…..read more. COVID-19 in Nigeria: Economic Perspectives and Mitigating the Risks Despite witnessing wars, natural disasters and the Great Recession, this generation is witnessing a unique global health pandemic that has challenged even the most pessimistic of doomsday naysayers…..read more. Report Forecasts 20% Drop in Diaspora Remittances A Pan-African credit rating agency, Agusto & Co, has predicted a 20 percent drop in Diaspora remittances to Nigeria from $25 billion recorded last year to $20 billion this year…..read more. |
