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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Monday, April 6, 2020 Dangote Cement to raise N100bn in fresh bond Dangote Cement Plc has said it is seeking to raise up to N100bn from the bond market under its N300bn Debt Issuance Programme……read more. Electricity: Gas shortage stalls 10,362MW in three days In three days, April 2 to April…
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Friday, April 3, 2020 COVID-19: 637 Europeans evacuated, Reps make case for aviation workers A total of 637 Europeans were on Thursday evacuated through the Murtala Muhammed International Airport, Lagos. While 238 Germans were evacuated by Lufthansa, Air France evacuated 399 French and Dutch citizens; 142 were earlier picked from Cotonou, the…
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Wednesday, April 1, 2020 Nigeria, South Africa, others seek debt relief from World Bank The ministers of finance from African countries have called for debt relief from bilateral, multilateral and commercial partners to cushion the negative impact of the coronavirus pandemic on the economies of countries within the region….read more. Banks…
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The 2020 Nigerian stock market ASI YTD crash began on Thursday, February 27. The NSE ASI fell by -0.13% YTD that day to 26,808.24 index points after a global market recognition as “THE WORLD’S BEST PERFORMER” with a positive price return of 4.22%. Some labeled the crash as “BLOODY VAL” that started the ASI YTD…
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