OVERVIEW OF THE GLOBAL ECONOMY VACCINE A SHOT OF GLOBAL HOPE The COVID-19 health crisis has led to a global economic crisis, it has been a crisis like no other. To tackle COVID-19, the world economy as a whole had to be brought to a standstill, which resulted to lockdown by countries, layoff of staff…
DetailsThursday, January 7, 2021 W’Bank: Vaccine Deployment, Investment Key to Global Economy’s Recovery The World Bank has predicted that the global economy will expand by four per cent in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year. It stated that top near-term policy priorities would be to control the spread of…
DetailsWednesday, January 6, 2021 World Bank: Vaccine Deployment, Investment Key to Global Economy’s Recovery The World Bank has predicted that the global economy will expand by four per cent in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year. It stated that top near-term policy priorities would be to control the spread…
DetailsTuesday, January 5, 2021 OPEC Fails to Agree on February Oil Production Output Members of the Organisation of Petroleum Exporting Countries (OPEC) and their allies, including Russia, yesterday failed to reach an agreement on production levels for February, with talks expected to continue today. The cartel had agreed after its last summit, held from November…
DetailsMonday, January 4, 2021 Onyeali-Ikpe Assumes Office as Fidelity Bank MD/CEO The new Managing Director/CEO of Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe, has assumed office, becoming the fourth chief executive officer and first female to occupy the position since the inception of the bank in 1988. Her tenure formally commenced on January 1, 2021. Read…
DetailsFriday, December 11, 2020 ‘FG Granted N342bn Waivers to Importers in Two Years’ The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed has disclosed that the federal government granted about N342 billion waivers to importers in the last two years. She stated this while speaking at the second phase of a one-day sensitisation…
DetailsThursday, December 10, 2020 Gencos: We have Increased Power Generation by 93% Since 2013 Despite the underperformance of the power sector since privatisation in 2013, Electricity Generation Companies (Gencos) in the country said they have succeeded in achieving a 93 per cent increase in generation in the past seven years. Read more Assessing Impact of…
DetailsWednesday, December 09, 2020 Fidelity Bank to Raise N75bn through Bond Sale Fidelity Bank Plc has started to raise N75 billion to support small and medium enterprises (SMEs), retail business as well as investments in technology and infrastructure. The financial institution is issuing N75 billion Series 1, 10 year Fixed Unsecured subordinated bonds under its…
DetailsTuesday, December 08, 2020 NBS: Foreign Trade Rises to N8.37tn in Q3 The value of Nigeria’s merchandise trade stood at N8.37 trillion in third quarter of the year (Q3 2020) representing an increase 34.15 per cent compared to N6.24 trillion in the preceeding quarter. This, however, indicated a decline of 8.85 per cent compared to…
DetailsFriday, December 04, 2020 NSE: Application of 0.08% Stamp Duty Begins December 7 The Nigerian Stock Exchange (NSE) yesterday said from Monday, December 7, the Stamp Duty rate of 0.08 per cent on securities transactions in the market will be implemented. The new duty was revised from 0.075 per cent previous charge. According to the…
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