Monday, May 18, 2020
Forex scarcity due to falling crude oil price forced the Central Bank of Nigeria to access the country’s foreign reserves to make forex available in the economy; NIKE POPOOLA reports that this gulped $3.17bn in the first quarter…Read more.
The Nigeria LNG Limited says it has paid over $13bn to the Federal Government for feed-gas purchase since the inception of its operations. The NLNG disclosed this on Twitter on Sunday while marking the 31st anniversary of its establishment. It also said over $7bn in dividends…Read more.
The President, Major General Muhammadu Buhari, (retd.) has approved the renewal of the tenure of Mr Benjamin Akabueze as Director- General of the Budget Office of the Federation…Read more
Deposit Money Banks are adjusting their operations and introducing measures for customers to access the banking halls as the lockdown directives ease. While some have been sending lists of branches that will open during the week…Read more.
Operators in the nation’s insurance industry have revealed plans to address the impact of COVID-19 pandemic through research funding geared toward curtailing the spread of the disease across the continents….Read more.
The President/Chairman of Council of The Chartered Institute of Bankers of Nigeria (CIBN), Bayo Olugbemi has said only prepared businesses would compete favourably in the emerging business model that the global pandemic has presented…Read more.
The Federal High Court, Lagos, has granted an order authorising the scheme of arrangement for the Nigerian Stock Exchange (NSE) demutualisation (change of ownership) exercise…Read more.
The African Business Coalition for Health (ABCHealth) has announced the appointment of Mories Atoki as Chief Executive Officer, following the unanimous agreement of its Board of Directors. According to a statement…Read more.
Total Nigeria Plc has announced a dividend of N6.71 per share for the year ended December 31, 2019. The dividend recommended was made by the board at its meeting held recently…Read more.
Barely one year of its post-merger with erstwhile Diamond Bank Plc, shareholders of Access Bank Plc, have started reaping the gains of the successfully consummated marriage which has made the Bank to be the largest in the country by total assets as well as largest in Africa by customer base…Read more.
Fed Chairman Jerome Powell told “60 Minutes” that U.S. GDP shrinkage could be in the “20s or 30s.” He does not see the economy entering another Depression. Powell said the country will get to “an even better place” than it was before the coronavirus hit, and that it “won’t take that long.”…Read more.
Fed Chairman Jerome Powell told “60 Minutes” in an interview aired Sunday night that the U.S. economy could shrink by more than 30% in the second quarter, but will likely avoid a long-term depression…Read more.
Heavy rains over the last month have led to overflowing rivers and lakes and mudslides, with Kenya particularly impacted…Read more.