Collapsing oil prices are costing some OPEC members not only lost revenue when they most need it to tackle the coronavirus crisis,…
Business News Report
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Central Bank of Nigeria CBN has assured Nigerians that there will be uninterrupted banking services during the lockdown in Lagos, Abuja and…
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Today, the domestic equities market declined 243bps to 21,330.79 points following sell-offs in MTNN (-10.0%), ZENITH (-5.2%) and GUARANTY (-3.0%). Consequently, YTD return fell to -20.5% while market capitalisation decreased ₦276.7bn…
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The National Agency for Food and Drug Administration and Control, NAFDAC, has approved the manufacturing of Chloroquine for emergency stock for possible…
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FinanceEconomyNews
COVID-19 – Ecobank Commits N100m to radio campaign “StaySafeNigeria”, free digital money transfers charge below N5,000
Ecobank Nigeria says it is committing about a hundred million Naira to drive its National Radio Campaign “StaySafeNigeria”, being part of its corporate actions to…
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As the Federal Government, through the Federal Ministry of Health and the Nigeria Centre for Disease Control (NCDC), intensifies effort to check…
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The Director General of the Nigerian Maritime Administration and Safety Agency NIMASA , Dr. Bashir Jamoh has announced that following the current…
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The Nigerian National Technical Committee on Petroleum and Petrochemicals has reached consensus on the adoption of the International Organisation for Standardisation (ISO)…
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President Muhammadu Buhari has placed Lagos state, Federal Capital Territory Abuja and Ogun state on total lockdown to curtail the spread of…
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Prices of shares at the Nigerian Stock Exchange maintained a positive trend with the indices appreciating further by 0.48 percent. Specifically, the…
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International Monetary, Financial Committee Chair Lesetja Kganyago and International Monetary Fund Managing Director in a joint statement have said that although the…
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African Development Bank (AAA) has raised an exceptional $3 billion in a three-year bond to help alleviate the economic and social impact…
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Oil and GasNews
In oil markets, it’s back to 1998 crisis pricing as Nigeria struggles to find buyers—Reuters
Brent oil futures may be trading at $27 per barrel but oil producers are selling their crude in the physical market at…
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United Bank for Africa Plc (UBA) has donated over N5 billion, through the UBA Foundation, to catalyse a comprehensive pan-African response to…
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Today, the benchmark index appreciated 13bps to 21,757.47 points due to buying interest in banking stocks – GUARANTY (+5.3%), ACCESS (+9.8%) and UBN (+10.0%). Consequently, YTD return settled at -18.9%…