|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.
1,739 foreign nationals evacuated from Lagos in two weeks – FAAN The Federal Airports Authority of Nigeria on Tuesday said 1,739 foreigners had been evacuated from Nigeria since the closure of airports to international flights due to COVID -19…..read more.
Petrol subsidy: Oil marketers seek flat rate for dollar
Oil marketers on Tuesday advised the Federal Government not to give special advantage to any person or group of persons in the sale of the United States dollars if it wants the removal of subsidy on petrol to succeed….read more.
World Bank supports Nigeria’s public health sector with $82m
The World Bank says that it has made $82m available to strengthen Nigeria’s public health response to the COVID-19 pandemic….read more.
Zenith Bank introduces automated voice banking service
Zenith Bank Plc says it has introduced an automated voice banking service, an interactive voice response solution which enables customers to perform basic banking transactions by dialing a dedicated phone line through their registered phone numbers and following the prompts……read more.
Naira to experience more pressure –Report
The naira will experience more pressure due to slump in the crude oil prices, as the economy grapples with challenges from coronavirus pandemic….read more.
Nigeria’s debt stock may hit N30tr with new loans
If Nigeria succeeds in borrowing the proposed $6.9bn from international lenders including the World Bank, the African Development Bank and the Islamic Development bank to help counteract the impact of coronavirus on the economy, the country’s debt stock may hit N30 trillion before the end of 2020….read more.
OPEC+ mulls three-month output cut as oil hits $33
Countries belonging to the OPEC+ group are discussing the idea to implement oil production cuts for at least three months from May to July, Russian news agency TASS reported on Tuesday, citing two sources at OPEC….read more.
FG charges local auto manufacturers on production of ventilators, others
The Federal Government has urged local auto manufacturers to modify their operations to produce more ventilators for the health system…..read more.
Lafarge Africa Shareholders to Receive 100k Dividend as Firm Returns to Profitability Shareholders of Lafarge Africa Plc are to receive a dividend of 100 kobo per share for the 2019 financial year, after some years without dividend pay-out…..read more.
COVID-19: NAICOM Announces Business Continuity Measures for Insurance Operators The National Insurance Commission (NAICOM) has rolled out palliative measures to sustain insurance operations and shield policy holders from the negative effects of COVID-19 pandemic…read more.