Thursday, June 11, 2020
The COVID-19 pandemic may lead to the loss of 13 million jobs in Nigeria, the World Food Programme of the United Nations declared on Wednesday. According to the agency, Nigeria needs urgent financial intervention to boost its economy….read more.
The Nigerian National Petroleum Corporation has said some of its partners are producing a barrel of crude oil in the country at $93, a development it described as unacceptable…Read more.
Pension Funds Administrators have invested N54.35bn of the total assets under the Contributory Pension Scheme in infrastructure as of the end of April…Read more.
The Vice President for Agriculture, Human and Social Development at the African Development Bank, Dr Jennifer Blanke, has resigned her position….Read more.
Transactions at the Nigerian Stock Exchange (NSE), reversed the gaining streak to close on a downturn, yesterday, following profit-taking by investors, causing the All-Share Index (ASI) to decline by 0.47 per cent…Read more.
Says over 170 countries will be affected; About $100 billion left emerging markets, developing countries; Debt, deficits, unemployment, poverty levels to rise further; Only 50% of African businesses, citizens have access to the Internet…Read more.
Nigeria’s foreign trade volume fell from N10.12trillion in the fourth quarter (Q4) of 2019 to N8.30trillion in Q1 2020, the latest report from the National Bureau of Statistics (NBS), has shown…Read more
The Central Bank of Nigeria (CBN), has waived the requirement for the provision of guarantors by Small and Medium Enterprises (SMEs) and households that applied for its N50billion COVID-19 targeted credit facility….Read more.
Billed to be the world’s biggest single-refinery train at 650,000 barrels per day capacity (bpd), the Dangote Petroleum Refinery could meet Nigeria’s, if not Africa’s refining need but would slug it out for market share with a new $20bn Chinese refinery eyeing the African market…Read more.
Nigeria is Africa’s largest economy with a GDP of about $447 billion. The economy grows on an average of 2.0 percent with a disproportionate population growth of about 3.0 percent resulting in a low standard of living…Read more.
According to them, global Exchanges continue to focus on providing robust and resilient markets to support issuers and investors in raising capital and investing across asset classes…Read more.
The Federation of Agricultural Commodities Association of Nigeria (FACAN) wednesday declared its unwavering support and confidence in the embattled President of the African Development Bank (AfDB), Dr. Akinwunmi Adesina….Read more.
Heritage Bank THE Federal Government has indicated that Nigeria’s potential reserves of 200 million ounces of gold is set for growth with the private sector partnerships including the Heritage Bank Plc and Dukia Gold & Precious Metals Refining Co. Ltd…Read more
The Department of Petroleum Resources, DPR, has waded into the complaints of contaminated diesel being sold in some locations across the country. Disclosing this yesterday, the Abuja Zonal Operations Controller of the DPR, Engr. Abubakar Buba, said…Read more