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Investors in Nigerian Stock market lost N2trn in first three months of 2020
The market value of all listed companies in the Nigerian Stock market, lost about N2 trillion between January and March of 2020.…
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NBL plans to issue N48bn commercial paper next week
Nigerian Breweries PLC has informed the Nigerian Stock Exchange that it plans to raise fresh funds through issuance of commercial paper. The…
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Putin says Russia agrees on oil output cuts, blames Saudis for low prices
President Vladimir Putin said on Friday Russia was ready for deep oil production cuts with the United States and OPEC, but firmly…
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The U.S. officially lost 701,000 jobs in March, but in reality millions vanished
The U.S. lost 701,000 jobs in March, the government’s official employment scorecard showed, but the real losses were much greater: At least…
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FCMB Group records N188bn revenue, grows profit to N20.1bn
FCMB Group Plc audited financial results showed that the Group’s gross revenue increased to N188 billion compared to N177.2 billion in 2018.…
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Non performing loans in banks drop by 41%—NBS
National Bureau of Statistics has said that banking industry witnessed a significant 41 per cent drop in non-performing loans (NPLs) last year. According to the NBS’s…
Read More Senegal seeks $221m from IMF to mitigate coronavirus shock
Senegal has wrapped up talks with the International Monetary Fund to secure $221 million to help it mitigate the economic impact of…
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African governments team up with tech giants to fight coronavirus lies
Governments across Africa are teaming up with technology giants including Facebook and WhatsApp to fight misinformation about coronavirus on social media platforms…
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Nigeria tells oil, gas companies to cut staff in pandemic fight
Nigeria’s Department of Petroleum Resources ordered oil and gas companies on Thursday to reduce their workforce and practice social distancing, tightening measures…
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COVID-19 NIMASA, Shippers’ council collaborate to sustain shipping
Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Bashir Jamoh has stated that the guidelines for vessels calling…
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