Friday, October 23, 2020 #EndSARS: Economy takes hit as crisis grounds businesses The Nigerian economy is bleeding as the ongoing #EndSARS crisis in many parts of the country grounds millions of businesses that are yet to fully recover from recent COVID-19 lockdowns. A peaceful protest against a rogue police unit known as Special Anti-Robbery Squad…
DetailsThursday, October 22, 2020 How #EndSARS crisis may impact Nigerian financial markets, economy A slide in investments into the country, government revenue, and consumer confidence are some of the negative outcomes the EndSARS crisis could have on the financial markets and the already worsening economy, according to analysts polled by BusinessDay. Businesses shut down, lives…
DetailsWednesday, October 21, 2020 PAN’s new investor plans $150m injection in retooling, upgrading plant Nesbitt Investment Limited, new owner and core investor in PAN Nigeria Limited, says it plans to inject $150 million into the automobile assembly plant over the next three years. This was disclosed Monday by Wadada Aliyu, the new chairman of PAN…
DetailsTuesday, October 20, 2020 Listed insurers see half-year profit surges on investment income Profits of the largest listed insurers on the Nigerian Stock Exchange (NSE) have surged even amid the wrought caused by the coronavirus pandemic (Covid-19), thanks to yields on investable funds that compensated for unfavourable underwriting conditions. For the first six months through…
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