Tuesday, May 19, 2020
The Federal Government says it is targeting about five million jobs for farmers through the €995m agricultural mechanisation programme. The initiative was aimed at boosting food security for the country…Read more.
the Central Bank of Nigeria and the Nigerian National Petroleum Corporation have agreed to spend over N1bn on the quarantine and feeding of over 3,000 Nigerians awaiting evacuation in foreign countries…Read more.
A global credit ratings agency, Fitch Ratings, has said Nigeria’s compliance with the oil production cut deal led by the Organisation of Petroleum Exporting Countries will lead to deeper economic contraction and fiscal deficits…Read more.
FBNQuest Merchant Bank, the investment banking and asset management subsidiary of FBN Holdings Plc, says it is listing FBNQ MB Funding SPV PLC Series 1 bond out of the N50bn bond issuance programme…Read more.
If the Federal Government’s pricing template is anything to go by, Nigerians may have to brace for an increase in the pump price of fuel as oil prices begin to head towards the $40 region, following countries’ eased lockdown measures…Read more.
Ahead of the planned change of ownership (demutualisation) of the Nigeria Stock Exchange (NSE), shareholders’ group, Independent Shareholders Association of Nigeria (ISAN), has called for the consolidation of 255 stockbroking houses in the country….Read more.
The Association of Registered Insurance Agents of Nigeria (ARIAN) and underwriting firms in the nation’s industry has commended the Federal Government for confirming Sunday Thomas as the new substantive commissioner for insurance/Chief Executive Officer, NAICOM…Read more.
Lafarge Africa Plc has reported improved results for the first quarter (Q1) ended March 31, 2020, raising shareholders’ hope of good harvest at the end of the year. The unaudited results showed that Lafarge Africa posted net sales of N63.696 billion…Read more.
The Governor of Ekiti State, Dr. Kayode Fayemi, has described the investment by Promasidor Nigeria Limited to reactivate the moribund Ikun Dairy Farm in the state, as a major catalyst that would turn around the fortunes of the state when operational….Read more
Cut in oil production’ll deepen economic recession in Nigeria — Fitch …Projects external reserves decline to $23.3bn by December …As foreign investors withdraw N16bn from TBs, stock market in Q1’20…Read more.
A map of Nigeria Manufacturing and production firms have witnessed a sharp rise in purchasing costs due to difficulties in securing materials, leading to higher output prices and rise in inflation. This is contained in the Stanbic IBTC Bank’s Nigeria PMI Rrort for April, 2020…Read more.
The Lagos Chamber of Commerce and Industry (LCCI) has indicated that over 80 percent of businesses were under the adverse impact of the Coronavirus (COVID-19) pandemic…Read more.
The idea is to task the European Commission to raise 500 billion euros ($545 billion) in public markets. The Franco-German plan is likely to have wider political implications, including on populism….Read more.
Asian economies such as Taiwan and Hong Kong appear to have contained the spread of the coronavirus within their borders, with the number of daily new cases slowing to a trickle in the last few weeks….Read more.