The International Monetary Fund on Friday said it would meet on April 28 to consider Nigeria’s request for $3.4 billion in emergency…
Category:
Finance
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The Nigeria Labour Congress (NLC) says it opposes the use of contributory pension as palliatives for workers as part of effort to…
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The Lagos State Government said it has shortlisted 10 firms out of the 32 eligible companies that responded to the call for Expression…
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International Monetary Fund IMF and World Trade Organisation have said that open trade policies is what is needed to defeat coronavirus. The…
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EconomyFinanceNews
“We estimate that COVID-19 could push 49 million people into extreme poverty in 2020”—WB
World Bank Group has said that COVID-19 pandemic could push 49 million people into poverty in 2020. The Bank in a report…
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At the close of trade today, sell pressures in DANGCEM (-3.3%), BUACEMENT (-5.3%) and NESTLE (-6.7%) weighed on the All-Share Index, depreciating 136bps to close at 22,470.79 points. Consequently,…
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Nigeria Breweries PLC has reported a decrease in revenue in the first quarter of 2020. According to the board the company made…
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The African Export-Import Bank (Afreximbank) has set up a $3-million grant to complement continental efforts to combat the COVID-19 pandemic. Afreximbank President…
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The Federation Accounts Allocation Committee (FAAC) has shared a total of N780.926 billion as Federation Account revenue for March 2020 to the…
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Global remittances are projected to decline sharply by about 20 percent in 2020 due to the economic crisis induced by the COVID-19…
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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…