Thursday, May 21, 2020
The total assets of banks rose to N42.2tn as of the end of February 2020. A member of the Monetary Policy Committee, Dr Rafindadi Sanusi, disclosed this in his presentation during the last MPC meeting of the Central Bank of Nigeria…Read more.
The recent reduction in the ex-depot price of petrol by the Nigerian National Petroleum Corporation was to keep the oil firm competitive following the commencement of petrol imports by private marketers, industry operators said on Wednesday…Read more.
The Association of Bureaux De Change Operators of Nigeria has warned its members and forex speculators putting pressure on the naira to stop the practice or risk losing their money. This came as the dollar was on Wednesday exchanged for N461 on the parallel market…Read more.
Electricity generation companies in the country have said the privatisation of the power sector has exposed the inherent structural weakness in the sector. The Gencos said they had continued to perform in line with industry agreements despite the challenges plaguing the sector…Read more.
The Federal Government has inaugurated a technical committee to revitalise extension services in Nigeria, aimed to stimulate technology adoption and embed Good Agricultural Practice (GAP), towards improving food requirements and industrial expectations…Read more.
The Nigerian Content Development and Monitoring Board (NCDMB), has unveiled BrentPlus, a series of initiatives that will stimulate innovations in the oil and gas industry and ancillary sectors, and create a platform for local creation of digital technologies…Read more.
NCDMB unveils platform to boost local technologies in oil industry. While prices of telecommunication services continue to decline, but they are to translate into rapidly increasing Internet penetration rates…Read more.
Women in Finance Nigeria (WIFng), a platform for advocacy, development and networking of women in the financial sector and other financial roles in Nigeria, recently announced its intervention projects to support in the fight against the Covid-19 pandemic in Nigeria….Read more.
First City Monument Bank (FCMB) recently organised a value-adding initiative to boost the productivity and overall performance of entrepreneurs…Read more.
The bill would require companies to certify that “they are not owned or controlled by a foreign government.” The legislation also stipulates that if American regulators are unable to inspect the company’s audits for three consecutive years…Read more.
Compared to many countries, China has rolled out little additional support for its economy that’s been hit by the coronavirus pandemic, said Jim O’Neill, a former Goldman Sachs chief economist…Read more.