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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%

              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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                  Fed Govt pumps N8.5b to boost COVID-19 tests

                  The Nation | August 13, 2020
                  FEC approves N1.6bn for proposed Abuja runway
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                  Nigeria is to spend N8.49 billion on COVID-19 testing.

                  The Federal Executive Council (FEC) approved the money at Wednesday’s meeting for the purchase of 12 assorted items by the Nigeria Centre for Disease Control (NCDC).

                  But the Nigeria Labour Congress (NLC) said  on Wednesday that the country needs “more investments in education and health. Our people need to be healthy for them to be productive. If we don’t do this, then certainly all the 17 goals of the Sustainable Development Goals (SDGs) will be difficult to achieve.”

                   

                  President of the NLC, Ayuba Wabba, said the COVID-19 pandemic had exposed the challenges in Nigeria’s education and health sectors.

                  He spoke at the investiture/award for the President, Medical an Health Workers’ Union of Nigeria (MHWUN), Josiah Biobelemoye by the Ethics Resource Centre, Abuja.

                  He said: “COVID-19 has exposed the challenges in the two critical sectors of our economy and those sectors actually shape development everywhere around the world – health and education sectors.

                   

                  Minister of Health Dr Osagie Ehanire, told reporters after FEC meeting that the cash will help the country address community transmission of the pandemic, which has affected 586 Local Government Areas.

                  “The Ministry of Health presented a memo on behalf of the Nigeria Centre for Disease Control to procure materials for preparation for the COVID-19 pandemic, which is ravaging every part of the world including our country.

                   

                  “This is part of the preparedness for community transmission which is going on now and has affected over 586 Local Government Areas and we need the materials so as to be able to expand our testing and diagnostic capabilities.

                  “This memo is as a result of the Presidential task Force (PTF) on COVID-19 and the Special Intervention Funds managed by the PTF, which allocated these resources for the NCDC preparedness,” he said.

                  The Health Minister said the materials to be procured include sample and other kits for diagnostics, for use by laboratories.

                   

                  “We are procuring these materials to be able to respond properly to community transmission phase,” he added.

                  On why the PTF was reluctant in introducing rapid test kits which make results available In minutes as against PCR (Polymerise Chain Reaction) tests, Ehanire said: “It is not that nobody is thinking of rapid diagnostic test, it is being used all over the world even in Nigeria today but the World Health Organisation (WHO) and other experts, have said that this test is not very reliable and that it also delivers a significant number of false positive or false negative results.

                   

                  “So, if you go to a place where a percentage of test result can give you a wrong result, then you have to be careful. Whereas the PRC test, that is the polymerise chain reaction test is accurate and reliable. So if you want to know how accurate a person is positive, that is the test you ought to do, that is the recommendation of World Health Organisation.

                  “Now, science is never certain, there are many ways and avenues by which the quality of the rapid test is still being improved. And as I speak to you now, the Medical Laboratory Science of Nigeria, which is responsible for validating this test, for telling us whether they are reliable or not, whether we should use it or not, they are verifying such test now and they will give us their result, whether it is reliable enough or not reliable enough.

                   

                  On the disregard for COVID-19 protocols at the All Progressives Congress campaign in Edo State and the funeral rites of Senator Buruji Kashamu, the health minister said “there is something the laws says, the law says you must hold election at certain time and then watch what the needs of health has brought forward.

                  “Nobody was anticipating that COVID-19 will pop up and the dilemma where INEC and the ministry of health face is not peculiar to Nigeria, there are many other countries that are facing that kind of problem.

                   

                  “Just a few days ago, Belarus held presidential election because their constitution gives them a deadline within which it must be held. Other countries have held elections, some have deferred elections, depending on how each country assesses their own risk. And in Nigeria where the case infection rate is relatively low compared to other countries which is about two percent, globally is nearly four percent and then the weight of distribution of the cases is not even.

                  Lagos State Governor Babajide Sanwo-Olu and  the Association of Local Governments of Nigeria (ALGON) have expressed sadness over the death of the Chairman of Onigbongbo Local Council Development Area (LCDA), Babatunde Oke.

                   

                  Sanwo-Olu in a condolence message by his Chief Press Secretary, Mr. Gboyega Akosile, said Oke’s demise was a big loss to the state.

                  Oke, a second term chairman of Onigbongbo LCDA, died in the early hours of yesterday.

                  The governor described him as a fine gentleman; a loyal party man and a committed democrat, who had a deep understanding of local government administration and political landscape.”

                   

                  ALGON President, Kolade Alabi, said Oke’s  invaluable contributions to the national development would be missed.

                  CONFERENCE 57 Chairman, Mrs Omolola Essien, also described the late Oke as one of the most experienced council bosses in the state.

                  ”He was kind-hearted, intelligent and industrious. He will be sadly be missed in the Conference 57 house,” Essien said.

                   

                  Russia may be able to produce five million doses of its new COVID-19 vaccine monthly by December, the Director of the Gamaleya Scientific Research Institute of Epidemiology and Microbiology, Alexander Gintsburg, said on Wednesday.

                  “We expect them [manufacturers] to reach the target capacity by December or January. The target is about five million doses per month, and perhaps more,” Gintsburg said at a news conference.

                   

                  Andrei Savenkov-Rossotrudnichestvo, a Russian state agency responsible for the promotion of humanitarian cooperation, is interested in showcasing Russia’s vaccine against COVID-19 to the foreign community, Yevgeny Primakov, the new head of the agency, said.

                  The vaccine, named Sputnik V, was developed jointly by the Gamaleya Research Institute and the Russian Defence Ministry.

                   

                  “This is one of the most important stories that we can export because we have surprised the world with a low death rate.

                  “And thanks to our high-quality healthcare and the fact that we have vaccines, not even just one, is already our strong side.

                  “Let the various tests, licensing, certification and approval end, and I would like through the Rossotrudnichestvo network, to present this vaccine to the world and show its effectiveness,” Primakov said.

                   

                  Russian Direct Investment Fund (RDIF) CEO, Kirill Dmitriev, has said that Moscow has already received preliminary requests for one billion doses of its vaccine against COVID-19 from more than 20 countries.

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