Thursday, August 6 , 2020 Nigerians spent N2.37tn on petrol in 13 months – NNPC In 13 months, Nigerians spent N2.37tn on petrol imported into the country by the Nigerian National Petroleum Corporation, data released by the corporation have shown. The corporation said on Wednesday that its total revenue generated from the sales of white…
DetailsWednesday, August 5 , 2020 Dollar slips as yields dive on recovery worries The dollar fell in Asia on Wednesday, hitting a five-month low on the yuan, as the latest coronavirus relief package stalled in Congress and U.S. yields sank on the prospect that further monetary easing might be needed to support the economy…Read more.…
DetailsMonday, August 3 , 2020 Checking rising incidence of unclaimed dividend in capital market Dividends are the distributable earnings of a company, which are determined by its board of directors. However, when declared, it becomes a liability on the company, CAMA (1990)…Read more. Nigeria receives AfDB financing for rural electrification project The Federal Government has…
DetailsWednesday, July 29, 2020 Nigerian banks face biggest revenue drop since 2016 Nigerian banks could see the biggest yearly decline in revenues since 2016 by the end of this year, according to estimates by Renaissance Capital and Fitch Ratings, which point to at least a 20-percent dip. “Banks are dealing with slow growth, fall in…
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