Wednesday, August 5 , 2020
The dollar fell in Asia on Wednesday, hitting a five-month low on the yuan, as the latest coronavirus relief package stalled in Congress and U.S. yields sank on the prospect that further monetary easing might be needed to support the economy…Read more.
The financial results of many Fast-Moving consumer Goods (FMCGs) companies have been on the average, a sober period for many operators as growth decelerated, profit narrowed, market capitalisation ….Read more.
In efforts to address the metering gap in Lagos and Nigeria, the Lagos State Government through its Ministry of Energy and Mineral Resources, in collaboration with the Eko Innovation Centre, has unveiled a Smart Meter Initiative, tagged, “The Lagos Smart Meter Hackathon 2020”.…Read more.
Nigeria’s path to economic prosperity may lie in prioritising equity financing over debt, according to experts surveyed by BusinessDay. This is as the government has taken an interest raising debt rather than equity over the last five years as revenues collapsed. At the root of Nigeria’s preference for debt is that it is the easier…Read more.
The expected increase in the demand for the Nigerian treasury bills (NT-Bills) by investors may be pressured as a result of liquidity squeeze occasioned by absence of any inflows into the financial market this week. Analysts…Read more.
Nigeria’s response towards calming the economic and health crisis occasioned by the coronavirus (COVID-19) pandemic falls short in comparison with peer countries. While central banks and governments in South Africa, North America, Asia and Europe…Read more.
China is becoming apprehensive about releasing loans to Nigeria following probes by the National Assembly on loans earlier released to Nigeria by the Asian nation, the Federal Government said on Tuesday…Read more.
The Pension Funds Administrators have invested N55.25bn under the Contributory Pension Scheme in infrastructure as of the end of May, latest statistics from the National Pension Commission has revealed. The commission stated this in its report titled ‘Summary of pension fund assets as…Read more.
The power sector has recorded a peak generation of 5,377 megawatts, the Transmission Company of Nigeria has said. It disclosed this in a tweet via its official Twitter handle and stated that the new record was achieved on August 1, 2020…Read more.
The Chairman of Fidson Healthcare Plc, Mr. Segun Adebanji, has said that several cost optimisation initiatives adopted by the company led to the N407 million profit recorded for the year ended December 31, 2019…Read more.
After the COVID-19 pandemic spread to Nigeria, the private sector Coalition Against COVID-19 (CACOVID) rose to the occasion. Led by the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, this coalition has been able to pool together…Read more.
The federal government has said it is pushing fast for Nigerians to adopt natural gas as an alternative to petrol and diesel for transportation vehicles. In this regard, it stated that it has set up a committee to drive the adoption of Autogas and natural gas vehicles in the country…Read more.
Professor Uche Uwaleke of the Finance and Capital Market Department of the Nasarawa State University, Lafia, has stated that Nigerians should not lose sleep over the reported planned exit of Shoprite from the country, as it is positive for the country’s Foreign Direct…Read more.
The United Bank for Africa Plc (UBA) has announced a $200 million facility support to boost Nigeria’s crude oil production capacity. The facility is part of a $1.5 billion Pre-Export Finance Facility provided by consortium of Nigerian commercial and international banks….Read more.
THE refining capacity of Nigeria has increased from 445,000 barrels per day, bpd, to 462,000 bpd, as private investors complete the construction of three new refineries, indicating an increase of 3.8 per cent…Read more.