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    Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

    Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

    FG fines Multichoice N766m over privacy breaches

    FG fines Multichoice N766m over privacy breaches

    Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

    Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

    Food inflation: NSA, 36 states launch joint action

    Food inflation: NSA, 36 states launch joint action

    Petrol imports drop 54% as Dangote boost supply

    Petrol imports drop 54% as Dangote boost supply

    World Bank retains Nigeria’s growth at 3.6%

    World Bank retains Nigeria’s growth at 3.6%

    Petrol: 6 depots slash prices as competition heightens in downstream sector

    Petrol: 6 depots slash prices as competition heightens in downstream sector

    Market capitalisation hits N70.89tr as 36 stocks close in green

    Market capitalisation hits N70.89tr as 36 stocks close in green

    Sixteen years after meltdown, NGX market cap surges by 347.5%

    Sixteen years after meltdown, NGX market cap surges by 347.5%

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      Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

      Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

      FG fines Multichoice N766m over privacy breaches

      FG fines Multichoice N766m over privacy breaches

      Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

      Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

      Food inflation: NSA, 36 states launch joint action

      Food inflation: NSA, 36 states launch joint action

      Petrol imports drop 54% as Dangote boost supply

      Petrol imports drop 54% as Dangote boost supply

      World Bank retains Nigeria’s growth at 3.6%

      World Bank retains Nigeria’s growth at 3.6%

      Petrol: 6 depots slash prices as competition heightens in downstream sector

      Petrol: 6 depots slash prices as competition heightens in downstream sector

      Market capitalisation hits N70.89tr as 36 stocks close in green

      Market capitalisation hits N70.89tr as 36 stocks close in green

      Sixteen years after meltdown, NGX market cap surges by 347.5%

      Sixteen years after meltdown, NGX market cap surges by 347.5%

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        Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

        Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

        FG fines Multichoice N766m over privacy breaches

        FG fines Multichoice N766m over privacy breaches

        Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

        Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

        Food inflation: NSA, 36 states launch joint action

        Food inflation: NSA, 36 states launch joint action

        Petrol imports drop 54% as Dangote boost supply

        Petrol imports drop 54% as Dangote boost supply

        World Bank retains Nigeria’s growth at 3.6%

        World Bank retains Nigeria’s growth at 3.6%

        Petrol: 6 depots slash prices as competition heightens in downstream sector

        Petrol: 6 depots slash prices as competition heightens in downstream sector

        Market capitalisation hits N70.89tr as 36 stocks close in green

        Market capitalisation hits N70.89tr as 36 stocks close in green

        Sixteen years after meltdown, NGX market cap surges by 347.5%

        Sixteen years after meltdown, NGX market cap surges by 347.5%

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          Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

          Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

          FG fines Multichoice N766m over privacy breaches

          FG fines Multichoice N766m over privacy breaches

          Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

          Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

          Food inflation: NSA, 36 states launch joint action

          Food inflation: NSA, 36 states launch joint action

          Petrol imports drop 54% as Dangote boost supply

          Petrol imports drop 54% as Dangote boost supply

          World Bank retains Nigeria’s growth at 3.6%

          World Bank retains Nigeria’s growth at 3.6%

          Petrol: 6 depots slash prices as competition heightens in downstream sector

          Petrol: 6 depots slash prices as competition heightens in downstream sector

          Market capitalisation hits N70.89tr as 36 stocks close in green

          Market capitalisation hits N70.89tr as 36 stocks close in green

          Sixteen years after meltdown, NGX market cap surges by 347.5%

          Sixteen years after meltdown, NGX market cap surges by 347.5%

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            Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

            Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

            FG fines Multichoice N766m over privacy breaches

            FG fines Multichoice N766m over privacy breaches

            Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

            Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

            Food inflation: NSA, 36 states launch joint action

            Food inflation: NSA, 36 states launch joint action

            Petrol imports drop 54% as Dangote boost supply

            Petrol imports drop 54% as Dangote boost supply

            World Bank retains Nigeria’s growth at 3.6%

            World Bank retains Nigeria’s growth at 3.6%

            Petrol: 6 depots slash prices as competition heightens in downstream sector

            Petrol: 6 depots slash prices as competition heightens in downstream sector

            Market capitalisation hits N70.89tr as 36 stocks close in green

            Market capitalisation hits N70.89tr as 36 stocks close in green

            Sixteen years after meltdown, NGX market cap surges by 347.5%

            Sixteen years after meltdown, NGX market cap surges by 347.5%

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              Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

              Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

              FG fines Multichoice N766m over privacy breaches

              FG fines Multichoice N766m over privacy breaches

              Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

              Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

              Food inflation: NSA, 36 states launch joint action

              Food inflation: NSA, 36 states launch joint action

              Petrol imports drop 54% as Dangote boost supply

              Petrol imports drop 54% as Dangote boost supply

              World Bank retains Nigeria’s growth at 3.6%

              World Bank retains Nigeria’s growth at 3.6%

              Petrol: 6 depots slash prices as competition heightens in downstream sector

              Petrol: 6 depots slash prices as competition heightens in downstream sector

              Market capitalisation hits N70.89tr as 36 stocks close in green

              Market capitalisation hits N70.89tr as 36 stocks close in green

              Sixteen years after meltdown, NGX market cap surges by 347.5%

              Sixteen years after meltdown, NGX market cap surges by 347.5%

              Trending Tags

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                Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

                Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

                FG fines Multichoice N766m over privacy breaches

                FG fines Multichoice N766m over privacy breaches

                Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                Food inflation: NSA, 36 states launch joint action

                Food inflation: NSA, 36 states launch joint action

                Petrol imports drop 54% as Dangote boost supply

                Petrol imports drop 54% as Dangote boost supply

                World Bank retains Nigeria’s growth at 3.6%

                World Bank retains Nigeria’s growth at 3.6%

                Petrol: 6 depots slash prices as competition heightens in downstream sector

                Petrol: 6 depots slash prices as competition heightens in downstream sector

                Market capitalisation hits N70.89tr as 36 stocks close in green

                Market capitalisation hits N70.89tr as 36 stocks close in green

                Sixteen years after meltdown, NGX market cap surges by 347.5%

                Sixteen years after meltdown, NGX market cap surges by 347.5%

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                  Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

                  Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

                  FG fines Multichoice N766m over privacy breaches

                  FG fines Multichoice N766m over privacy breaches

                  Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                  Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                  Food inflation: NSA, 36 states launch joint action

                  Food inflation: NSA, 36 states launch joint action

                  Petrol imports drop 54% as Dangote boost supply

                  Petrol imports drop 54% as Dangote boost supply

                  World Bank retains Nigeria’s growth at 3.6%

                  World Bank retains Nigeria’s growth at 3.6%

                  Petrol: 6 depots slash prices as competition heightens in downstream sector

                  Petrol: 6 depots slash prices as competition heightens in downstream sector

                  Market capitalisation hits N70.89tr as 36 stocks close in green

                  Market capitalisation hits N70.89tr as 36 stocks close in green

                  Sixteen years after meltdown, NGX market cap surges by 347.5%

                  Sixteen years after meltdown, NGX market cap surges by 347.5%

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                  PTF: why we can’t lock down high-risk Lagos councils

                  The Nation | July 28, 2020
                  Nigeria records 23 new cases of COVID-19, total now 174
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                  There will be no precision lockdown in 11 “high-burden” local government areas, where Coronavirus is prevalent, the government said on Monday.

                  Seven of these councils are in Lagos – which is the epicenter of the virus in the country – with others in Kano, Bayelsa and two others in unnamed states.

                  National Coordinator of the Presidential Task Force (PTF) on COVID-19 Control Dr. Sani Aliyu said at a briefing in Abuja on Monday that closing down those local government councils will be akin to closing down the states.

                  He said the geographical nature of the councils make it impracticable to do isolated lockdown.

                   

                  According to him, the PTF was working with the affected councils through risk communication and community engagement as part of the means of intervention to reduce the high infection rate.

                  “We have 11 high-burden local government areas we’ve identified, we are doing a lot of works in these local government areas, especially as it relates to risk communication and community engagement activities.

                  “We are also trying to improve testing, particularly in Lagos where seven of the 11 local governments are; we are improving case management, discussing with the various states in terms of improving access to care, access to oxygen and so on.

                   

                  “For instance, if we were to lockdown those local government areas in Lagos, we’ll have to lockdown the entire state. States like Bayelsa, where in Yenagoa, which is the local government with the a high-burden, if we lock Yenagoa down, virtually all the roads across the state have to go through this local government.

                  “Technically it will be very difficult, we know if the interventions that we proposed are being implemented and people are cooperating, you don’t actually need to lock people down at all”, he said.

                  PTF Chairman Boss Mustpha said inbound passengers from foreign trips will henceforth be tested for COVID-19 on arrival at the Nigeria airports.

                   

                  Mustpha, also the Secretary to the Government of the Federation (SGF), added: “Considering the importance of international air travel to the economy, the PTF and the Aviation sector are working hard to fast track reopening of the international airspace.

                  “Most importantly, the arrival protocols for passengers on inbound flights are being firmed up for seamless testing and detection.

                  “Relevant Ministries, Department and Agencies (MDAs) will hold further consultations,” he said.

                   

                  Mustapha urged Nigerians to be patient and await the date for the resumption of international flights, as no date had been fixed yet.

                  The SGF said: “The Aviation sector has been working assiduously to develop the protocols for the resumption of international air services.

                  “PTF remains conscious of the significant contributions of air travels to economic growth, and shall continue to push for a safe resumption.

                   

                  “The next phase is for the aviation regulators to engage with other stakeholders to facilitate an integrated and seamless resumption of international flights.”

                  The PTF Chairman said phase two of the eased lockdown, which ought to have ended tomorrow, had been extended by one more week.

                  According to Mustapha, the one week extension had been necessitated by the fact that the end of phase two coincides with Eid-el-Kabir celebrations.

                   

                  “We informed you two weeks ago that the process of submitting the Sixth Interim Report and recommendations for next steps had commenced. The PTF has reached advanced stages of the process.

                  “It has also considered that due to the upcoming Sallah (Eid El-Kabir) festivities which coincides with the expiration of the current phase, it would be prudent to extend by one week, from 29th July, till 6th August, 2020.

                  “It has accordingly secured permission to retain the existing guidelines till that date”, he said.

                   

                  He also urged Muslims to continue to adhere strictly to the protocols to curb the spread of the virus, during the Eid-el-kabir celebration.

                  “Similarly, the PTF appreciates the Nigeria Supreme Council of Islamic Affairs (NSCIA), who has always been a great champion in the fight against the pandemic for advising Muslims to avoid massive gatherings at Eid grounds and pray at Area Mosques under prescribed protocols”, he said.

                   

                  Mustapha remarked that the PTF has continued to evaluate the developments as well as the level of compliance nationwide and has “regrettably come to the inevitable conclusion that majority of Nigerians irrespective of status, creed and level of education continue to live in denial on the virulent nature of the virus and consistently breach the  guidelines and non-pharmaceutical measures put in place.”

                  Citing the increasing cases of COVID-19 around the world, Mustapha pointed out that people of 50 years and above are the most at risk of the virus infection in Nigeria as he stressed the need for citizens to comply with prescribed protocols.

                   

                  The Director-General of the Nigeria Centre for Disease Control (NCDC), Dr. Chikwe Ihekweazu, reiterated that the target it set nearly three months ago, to test two (2) million persons for COVID-19 by the end of July, is not the sole target for the agency but that of the country as a whole.

                  He said although it has not yet reached the target, the agency now has in its network of labs, 60 testing sites for COVID-19 scattered across the country, and it plans to increase the numbers and capacity.

                  Ihekweazu said: “On testing, our target actually was to test two million by the end of this month. But always remember that the purpose of testing is not necessarily the target itself. The purpose of setting a target is to mobilise action towards that goal.

                   

                  “When we set that target, we had many states that were resisting testing. Now every state in Nigeria is at least coming forward to test. We have 60 laboratories across the country; we have activated GeneXperts sites. We have 60 sites altogether.

                  “Yes, we are not yet at that target, but what we have done is mobilize the entire country towards this. The test in itself is not the end – it is a window into a spectrum of both clinical care and public health that is now mobilising itself across the country to improve the response.

                  “Yes, we have not met the target collectively because it is a Nigerian target and not an NCDC target, but I think what that target has done is focus our minds on what needs to be done in order to respond to this outbreak.”

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