Monday, May 11, 2020
Nigerian households spent N2tn on fuel, electricity in 2019 –NBS
Households in Nigeria spent a total of N2.02tn on fuel and electricity in 2019, the National Bureau of Statistics has said. …Read more
Emefiele assures foreign investors of funds transfer
The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has assured investors of the security of their investments in the country despite dwindling revenue from the sale of crude oil globally…Read more
CBN advises banks on business model
The Deputy Governor, Financial System Stability, Central Bank of Nigeria Mrs Aishah Ahmad, has urged banks to maintain their commitment to sustainability in designing their business models to enable them…Read more.
Underwriters move to strengthen healthcare service ad more.
To further deal with the situation in the nation’s insurance industry, operators have stressed the need to raise the adoption of healthcare insurance policy in the private sector as part of efforts to increase productivity…Read more.
Insurers donate PPEs, others to drive fight against COVID-19 pandemic
Insurance firms have donated Personal Protective Equipment (PPE) worth N15 millions to the Lagos State and others in a move to mitigate the spread of the coronavirus pandemic in the country….Read more.
ECA: Africa Loses $65.7bn Monthly to Lockdowns
The Economic Commission for Africa (ECA) has released a new report proposing to African nations various COVID-19 exit strategies following the imposition of lockdowns that helped suppress the spread…Read more.
Global Stock Markets Lose $18tn to Pandemic, Says Report
Over $18 trillion have been wiped out globally by the COVID-19 crisis between February and March 2020, even as capital markets maintained their role of facilitating the transfer of funds in the real economy…Read more.
Ecobank Partners Google on e-Learning
Ecobank Group is leveraging its distribution and partner networks to raise awareness of literacy apps in the Google Play Store to support the education of children who are at home due to the COVID-19 pandemic…Read more.
COVID-19: SEC bans direct payment of investors’ dividend to stockbrokers
SEC As part of measures to protect investors in the nation’s capital market, post coranavirus, COVID-19 pandemic, the Securities and Exchange Commission, SEC has banned stockbrokers from collecting dividend…Read more
Cost of funds to decline as N330bn boost interbank liquidity
CBN Cost of funds in the interbank money market is expected to fall this week in response to inflow of N330 billion from maturing treasury bills (TBs). Cost of funds rose sharply last week following…Read more.
