Global remittances are projected to decline sharply by about 20 percent in 2020 due to the economic crisis induced by the COVID-19…
Finance
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EconomyFinanceNews
IMF sets up COVID-19 short-term liquidity line to enhance adequacy of global financial safety net
IMF Executive Board said it has set up Covid-19 short term liquidity line to enhance the adequacy of global financial safety net.…
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Guaranty Trust Bank Plc, Unaudited Q1:2020 Result result released at the floor of the Nigerian Stock Exchange showed that the bank’s gross earnings grew…
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What would have been another major fire disaster in the country was today averted by the staff of the Central Bank of…
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EconomyFinanceNews
Ecobank’s Support will help cushion Effects of the Lockdown Lagosians – Babajide Sanwo- Olu
The Lagos State Governor, Babajide Sanwo- Olu has commended Ecobank Nigeria for donating food items to support the state government’s relief efforts…
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FBN Holdings Plc in its unaudited results for the three months that ended on 31st March 2020 made N104.9 billion from interest income, lower than…
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Independent Corrupt Practices and Other Related Offences Commission, ICPC, is probing acting Director-General of the National Pension Commission (PenCom Aisha Dahir Umar…
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Trading activities on the local bourse resumed the week negative with a 1bp marginal decline in the All-Share Index to close at…
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EconomyFinanceNews
African Development Bank denies claims it plans to provide financial support to East African Crude Oil Pipeline Project
African Development Bank has denied claims that the institution plans to provide financial support to the East African Crude Oil Pipeline Project.…
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EconomyFinanceNews
IMF/WB Development Committee backs G20 debt service suspension initiative, Nigeria makes case for IDA
Minister of finance Zainab Ahmed said a debt relief agreement reached at the ongoing IMF/World Bank Group virtual Spring Meetings to help…
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EconomyFinanceNews
“We expect COVID-19-related projects in 100 countries by end of April— David Malpass
World Bank Group President David Malpasshas said that the multilateral institution expects to have COVID-19 projects in 100 countries before the end…
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FinanceNewsStock Market
The Bullish trend continues at Nigerian Stock market as investors gain ₦7.8bn
Today, the local bourse sustained its uptrend, advancing 7bps to close at 22,554.84 points following gains in MTNN (+3.6%), NESTLE (+10.0%) and DANGCEM (+2.2%). Consequently, market capitalisation was…
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BusinessEconomyFinance
CBN develops, short, medium, long term measures to insulate economy from covid-19 induced recession—Emefiele
Central Bank Governor Mr. Godwin Emefiele said the CBN has developed a short, medium and long term Policy Response Timeline to guide…
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Refinitiv 2020 first quarter investment banking analysis for Sub-Saharan Africa showed that investment banking fees in the region reached an estimated $128.2…