Today, market activities ended on a bullish note as the local bourse gained 232bps to close at 21,879.95 points as a result of…
Category:
Finance
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South Africa’s Finance Minister Tito Mboweni ruled out an International Monetary Fund structural adjustment programme on Tuesday but said the COVID-19 pandemic…
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Nigeria financial reporting Council FRC, has released guidelines for auditing companies during this period of COVID-19. In the guideline obtained by Businessnewsreport.com.ng…
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EconomyFinanceNews
Build operate, transfer of property development can reduce housing deficit in Nigeria
By Ikenna Lansar Aghaji Housing Deficit in Nigeria – The housing sector of Nigeria has been experiencing housing deficit since the civil…
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Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), has appointed Dr. Okonjo-Iweala and 11 others to serve as external advisory…
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FinanceNewsStock Market
Bullish momentum continues at Nigerian Stock market as investors gain N162bn
Today’s trading session ended positive as the All-Share Index gained 147bps to 21,384.03 points following gains in NESTLE (+8.5%), ZENITH (+5.7%) and UBA (+9.7%). Investors gained ₦162.0bn as market…
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International Monetary Fund IMF, Managing Director Ms Kristalina Georgieva has said that the Fund anticipate the worst economic fallout since the Great…
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EconomyFinanceNews
Coronavirus will cost sub-Saharan Africa $37bn to $79bn in output losses—World Bank
The rapidly-spreading coronavirus outbreak is expected to push sub-Saharan Africa into recession in 2020 for the first time in 25 years, the…
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EconomyFinanceNews
Zenith introduces automated voice banking service, assures customers best-in-class at this time
Zenith Bank Plc, Nigeria’s leading financial institution, has introduced an automated voice banking service, an interactive voice response (IVR) solution which enables…
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The Federal Government has cut the 2020 budget by N318 billion and sent it to the National Assembly for approval. The government…
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The local bourse closed in the green as the All-Share Index rose 71bps to 21,073.26 points due to gains in WAPCO (+9.8%), DANGSUGAR (+9.6%) and ZENITH (+2.3%).…
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BusinessFinanceNews
Afreximbank income hits $1bn mark: 2019 Financial Results show strong performance
The African Export-Import Bank (Afreximbank) today in Cairo released its audited financial statements for the year ended 31 December 2019, showingstrong and…
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Today, the All-Share index gained 124bps to 20,925.19 points following bargain hunting in MTNN (+3.0%), ZENITH (+7.5%) and UBA (+9.0%). Accordingly, YTD return moderated to -22.0% while investors…
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International Monetary Fund IMF, has confirmed that Nigeria has asked for financial assistance from the multilateral institution to fight covid-19 under the…
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BusinessEconomyFinanceNews
COVID – 19: FIRS offers palliative measures to cushion effects on taxpayers
The Federal Inland Revenue Service (FIRS), in its response to the impact of the Coronavirus on its operations, has launched business continuity…