Friday, May 29, 2020 Is this the end of Hong Kong as global financial centre The United States could be close to terminating its special economic and trading relationship with Hong Kong. Experts say losing the status won’t cause an immediate exodus of big western companies from the global financial hub, but it could further…
Thursday, May 28, 2020 Maturing OMO, NT-bills to push system liquidity to N955.9bn The financial market liquidity which stood at N590.8 billion on Monday morning will further rise to N955.9 billion as maturing Treasury Bills (NT-bills) and Open Market Operation (OMO) worth N365.1 billion hit the market this week. A breakdown of the inflows showed…
Wednesday, May 27, 2020 Relief for taxpayers as LIRS further extends deadline for filing annual returns to June 30 The Lagos State government has further extended the deadline for filing of annual tax returns to June 30, 2020. This is continuation of its effort to provide the much-needed relief to taxpayers and mitigate the economic…
Stocks rebounded sharply in May 2020, the bulls stood strong in the market last week as trading indicators trended higher on positive reactions to corporate earnings and highly capitalized stocks that declared dividends despite the pandemic lockdown. The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization increased by 1.80%, while the Year-to-Date return…
Friday, May 08, 2020 Petrol price reduction won’t be immediate, says marketers The latest reduction in the ex-depot price of petrol to N108 per litre will not translate to an immediate drop in the pump price of the commodity at filling stations, oil marketers stated on Thursday. Read more FG targets N103bn from gas flaring…
Thursday, May 07, 2020 Despite lockdown, stock market investors gain N897bn Notwithstanding the lockdown the Nigerian economy witnessed in April over the ravaging CODIV-19 pandemic, the stock market, boosted by the remote trading via fin-tech, recorded a gain of N897bn during the month. Read more Discos owe NBET N76bn in two months Power distribution companies…
Wednesday, May 06, 2020 Budget: FG slashes oil benchmark further to $20 The Federal Government on Tuesday revealed plans to cut the oil price benchmark for the current budget to $20 per barrel. The development would make it the second time the Federal Government is slashing the oil benchmark for the 2020 budget. Read more…
Tuesday, May 05, 2020 Access Bank denies sacking 75% workers, closing branches Access Bank Plc on Monday debunked reports that it plans to sack 75 percent of its workforce and as well close more than 300 branches. Read more Nigerians will pay higher electricity tariffs, FG promises IMF Nigerians will pay much higher tariff for…
Monday, May 04, 2020 FG retains N125/litre petrol price despite crude oil crash The Federal Government has failed to review the N123.5 to N125/litre pump price of petrol for the month of May 2020 despite continued crash of crude oil price. Read more Cut interest rates to boost economy, says Tinubu The National Leader of…
Thursday, April 30, 2020 Debt servicing may gulp 75% govt revenue by 2024 –Report A report published by the World Bank has projected that debt servicing will take up about 75 percent of the Federal Government’s revenue by 2024……read more. FG decontaminates two out of 123 aircraft The Federal Government…