International Monetary, Financial Committee Chair Lesetja Kganyago and International Monetary Fund Managing Director in a joint statement have said that although the…
News
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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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NewsOil and Gas
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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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%…
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EconomyFinanceNews
US regulators encourage banks, others to offer responsible small-dollar loans to consumers, small businesses affected by COVID-19
Five US federal financial regulatory agencies have jointly encouraged banks, savings associations and credit unions to offer responsible small-dollar loans to consumers…
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BusinessEconomyNews
A record 3.28 million Americans applied for unemployment benefits last week due to coronavirus
The number of Americans who applied for unemployment benefits last week rocketed to a record 3.28 million as large parts of the…
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EconomyFinanceNews
Union Bank partners 54Gene to raise $500,000 towards Nigeria’s fight against COVID-19
Union Bank, one of Nigeria’s foremost financial institutions has announced a $130,000 (N50million) donation to tackle the spread of the Coronavirus pandemic…
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By Alex Okoh I greet you warmly in the hope and prayer that you are safe and well in the face of…
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BusinessEconomyFinanceNews
World Bank, IMF urge bilateral creditors to suspend debt payments from Nigeria, 75 other IDA countries
The World Bank Group and International Monetary Fund have urged all official bilateral creditors to suspend debt payment from IDA countries that…
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BusinessEconomyFinanceNews
CBN to remain open while COVID-19 lasts, releases guideline to access N50bn COVID19 fund
Central Bank of Nigeria CBN, has said that it will keep it doors open for business just as it has released the…
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Ecobank Nigeria has launched a ‘StaySafeNigeria’ media campaign being part of its corporate actions to support measures to check the rising spread…
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The African Export-Import Bank (Afreximbank) has announced a $3-billion facility, named Pandemic Trade Impact Mitigation Facility (PATIMFA), to help African countries deal…
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The domestic equities market closed in the red as the All-Share Index (ASI) declined marginally by 5bps to 21,729.48 points following losses…
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The Federal Competition & Consumer Protection Commission continues to monitor and support the national and statewide responses to containing and preventing the…
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BBC Global News – which operates the BBC’s 24 hour international news channel, BBC World News, and BBC.com – today announced plans…