The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted unanimously to retain the monetary policy rate at…
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Federal Government, States and Local Government shared a total of N581.566 billion for the month of February from the federation account. The…
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Gains in NPFMCRFB (+9.5%), STANBIC (+9.4%) and TRANSCORP (+8.9%) moved the All-Share Index up 19bps to 21,741.16 points. Consequently, YTD return eased to -19.0% while market capitalisation appreciated ₦20.9bn…
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EconomyFinanceNews
A recession as bad as during the global financial crisis or worse coming IMF warns
International Monetary Fund Managing Director Kristalina Georgieva has said that a global recession as bad as 2008 financial crisis is in the…
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Ecobank Transnational Incorporated (ETI) has recorded a 32% growth in profit before tax of NGN146.5 billion for 2019 financial year. This was…
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Equities began the week in the negative region as the All-Share Index declined 2.2% to 21,700.98 points due to price depreciation in the banking tickers – GUARANTY (-10.0%), ZENITH (-9.7%)…
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A Nigerian has died from the dreaded Coronavirus (Covid-19). The dead is an ex-Managing Director of a subsidiary of Nigeria Petroleum Corporation,…
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United Bank for Africa said weekend that it held a Micro Small and Medium Enterprises (MSME) capacity training in Onitsha where about…
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BUA Group, said it has acquired majority shareholding in P.W. Nigeria Limited – one of Nigeria’s largest construction, engineering and mining companies.…
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BusinessEconomyFinanceNews
COVID-19: CBN, Bankers’s Committee to support 12 local pharmaceutical coys to produce drugs in Nigeria
Central Bank of Nigeria and the Bankers Committee have identified twelve Nigeria based pharmaceutical companies to that will be supported to produce…
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BusinessEconomyFinanceNews
Zenith General Insurance partners MTN on novel mobile insurance service in Nigeria
Zenith General Insurance Company Limited (commonly known as Zenith Insurance) has, in a trailblazing move, partnered with Telecommunications giant – MTN Nigeria…
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Trading on the floor of the Nigerian Stock Exchange (NSE) closed upbeat on Friday with the All-Share Index growing by 0.54 percent.…
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By Omoh Gabriel As the COVID-19 continue to take its toll on the global economy and fall in oil prices, the Cenral…
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President Donald Trump and the Food and Drug Administration commissioner appeared to exchange conflicting statements about how a decades-old anti-malaria drug is…
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Middle East and African airlines are in crisis with hundreds of thousands of jobs at risk from the coronavirus outbreak, the International…