Wednesday, May 13, 2020
The total assets under the Contributory Pension Scheme rose to N10.5tn as of the end of February 2020. Figures obtained from the National Pension Commission on Tuesday revealed that the funds which stood at N10.21tn as of the end of 2019 rose by over N289bn in two months…Read more.
Foreign reserves have risen to $34.65bn within eleven days, latest figures from the Central Bank of Nigeria have indicated….read more.The report specifically showed that the foreign reserves rose by $1.22bn from $33.42bn as of April 29, 2020 to $34.65bn on May 11…Read more.
The Nigerian National Petroleum Corporation on Tuesday announced that its downstream subsidiary company in charge of bulk sales and distribution of petroleum products, Petroleum Products Marketing Company...Read more.
Until regulators and operators key into opportunities in an Aviation Development Bank (ADB), the local industry may have limited chances of survival…Read more.
The vigorous controversy is brewing between customs agents at the cargo terminal of the Murtala Muhammed International Airport (MMIA), and their handling companies over demurrage incurred during the recent lockdown…Read more.
To many industry observers, the COVID-19 pandemic will alter the way the world lives and how businesses are run. With oil revenues at the lowest, the Federal Government continues to explore non-oil revenue as buffer…Read more.
The Federal Government through the Debt Management Office (DMO) is set to raise N60 billion through bond issuance. The DMO in a bond offer circular released yesterday on its official website, stated that it plan to raise N20 billion…Read more.
Insurance sector operators have been advised to leverage on the opportunities created by the COVID19-pandemic to adopt innovations and improve their operations…Read more.
The National Insurance Commission (NAICOM) has clarified issues around the free N11 billion insurance benefits provided by the sector for health workers fighting against the spread of the COVID-19 in the country…Read more.
Jeff Currie, head of commodities research at Goldman Sachs, believes the two big commodity stories looking ahead to 2021 and beyond will concern oil and livestock…Read more
The EU said Friday that “companies that were already in difficulty on 31 December 2019 are not eligible for aid.” The European Commission has so far approved almost 1.9 trillion euros ($2.06 trillion) in state aid measures related with the ongoing crisis….Read more.
As authorities globally look to ease restrictions intended to contain the coronavirus and reopen economies, Australian Finance Minister Mathias Cormann says the country is on the path to victory against the coronavirus…Read more.
THE Governor, Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, has announced that the apex bank is ready to support researchers, science-based institutions and biotechnology firms with N100 billion grant in the quest for a homegrown vaccine to fight Corona Virus (COVID-19) in Nigeria…Read more
Orakwusi who made this known in Lagos at a meeting between the Nigerian Shippers Council, NSC, and the Organised Private Sector, OPS, noted that at a time when the Federal Government was focusing on export for revenue following the crash in the price of crude oil, all hindrances to trade facilitation should be removed….Read more