Tuesday, April 21, 2020 Inflation report, others delayed by lockdown –Investigation About 10 economic reports that were scheduled to be released by the National Bureau of Statistics are being affected by the lockdown occasioned by the coronavirus pandemic, investigation has shown. The outbreak of the deadly virus in Nigeria had led…
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Monday, April 20, 2020 Nigeria, others need $114bn to fight COVID-19, says IMF Nigeria and other African countries need an estimated $114bn to fund the campaign against the outbreak of the coronavirus disease on the continent. This was disclosed in a statement posted on the website of the International Monetary Fund…
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Friday, April 17, 2020 Gencos, Discos deny knowledge of FG’s N200bn payment Power generation and distribution companies on Thursday said they were unaware of any N200bn that was paid to the power sector by the Federal Government in the past three days. Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari, had…
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The Nigerian Stock Exchange (NSE) reopened trading on Tuesday after the Easter holidays with a growth of 2.32 per cent in spite of the lockdown extension in some parts of the country. The federal government on April 13 extended lockdowns in Lagos, Abuja and Ogun State for an additional 14 days to contain the coronavirus…
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Thursday, April 16, 2020 Oil firms’ N4.58tn loan repayment under threat – Investigation The coronavirus-induced sharp fall in global oil prices poses a threat to the ability of oil and gas companies in the country to repay a total loan of N4.58tn, investigation has shown. The loans advanced to oil and gas…
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Wednesday, April 15, 2020 Nigeria’s economy will contract by 3.4%, says IMF Predicts worst recession since the Great Depression. The International Monetary Fund on Tuesday said the recession caused by the COVID-19 pandemic would be the worst economic downturn witnessed since the Great Depression. According to the IMF, Nigeria’s economy will contract by 3.4…
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Tuesday, April 14, 2020 How to access N50bn COVID-19 intervention fund – CBN The Central Bank of Nigeria says interested stakeholders must meet its set criteria to access its N50bn intervention loans for small and medium scale enterprises. The CBN introduced the N50bn Targeted Credit Facility as a stimulus package to support households and…
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Thursday, April 9, 2020 Discos offer customers two-month free electricity Power distribution companies on Wednesday announced that they were in support of the proposal by the National Assembly and the Federal Executive arm of government that Nigerians should get two months of free electricity…..read more. FG slashes budget, sends to National Assembly…
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Wednesday, April 8, 2020 United Capital Raises N5.3 Billion in Commercial Paper to Boost Operations United Capital Plc, a leading pan-African financial and investment services group has successfully raised N5.3 billion in a Series 1 and 2 Commercial Paper (CP) issuance, under its N20 billion program registered with the FMDQ Securities Exchange….read more.…
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Tuesday, April 7, 2020 Listing of the FGN Savings bond March 2020 issue Dealing Members are hereby notified that the Federal Government (FGN) Savings Bond, March 2020 Issue were on Friday, 3 April 2020 listed on the Official Daily List of The Nigerian Stock Exchange….read more. Nigeria to borrow $6.9bn from World…
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