|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 has said that it plans to decontaminate 123 aircraft nationwide to curtail the spread of COVID-19 but has so far disinfected only two aircraft…..read more.
Refineries recorded N9.6bn loss in January, says NNPC
Nigeria’s refineries started their 2020 financial year with losses as they posted a cumulative operational deficit of N9.6bn in January……read more.
Manufacturers, govs in talks to reopen shut factories
The Manufacturers Association of Nigeria says it is currently holding talks with state governors on the need to loosen up more industries across the country in order to ensure the production of products and save jobs…..read more.
MTN revenue rises to N329.2bn
MTN Nigeria reported revenue growth of 16.7 percent to N329.2bn in the first quarter ended March 31, 2020 compared with N282.1bn in the same period in 2019…..read more.
Nigeria, others suspend $3.4tr continental deal amid pandemic
The implementation of the African Continental Free Trade Agreement (AfCFTA), suffered yet another blow, with the announcement of its suspension, as African countries struggle to deal with the impact of the coronavirus pandemic….read more.
IATF 2020 postponed by one year
Amid the COVID-19 pandemic, the African Export-Import Bank (Afreximbank), the African Union (AU), and the Government of Rwanda have decided to postpone by one year the second Intra-African Trade Fair (IATF2020), initially set to take place from September 1-7, in Kigali, Rwanda……read more.
Airlines rally government, regulators to post-restriction plan
Airlines have urged governments and civil aviation regulators to begin post-restriction and recovery plans to get the aviation industry out of the woods…..read more.
Stakeholders explore N59tr real estate investment for higher returns
Few underwriting companies in Nigeria’s insurance industry are considering tapping into opportunities in the real estate sector, which valuers estimated to worth about N59trillion under a post-recapitalisation era…..read more.
CBN Resumes Dollar Sales for SMEs, School Fees
The Central Bank of Nigeria (CBN) has resumed the sale of foreign exchange to all commercial banks to enable parents wishing to pay schools fees and operators of small and medium scale enterprises (SMEs) wishing to make essential imports needed to revamp economic activities buy the greenback from the banks….read more.
COVID-19: FG Unveils Six-week Gradual Plan to Reopen Economy
The federal government yesterday unveiled plans to restart the economy that has been paralysed for more than four weeks due to measures to combat the COVID-19 pandemic…..read more.
Zenith Bank’s Gross Earnings Rise to N166.8bn in Q1
Zenith Bank Plc has announced its unaudited results for the first quarter ended March 31, 2020, with gross earnings rising by six percent to N166.8 billion, up from the N158.1 billion recorded in March 2019….read more.
WAPCo Donates N15m Medical Equipment to Lagos State
The West African Gas Pipeline Company Limited (WAPCo) has donated personal protective equipment (PPEs) and medical supplies worth N15 million to the Lagos State Government to help in the fight against COVID-19 in the state…..read more.