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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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                  With 38 New COVID-19 Cases, Lagos Records First Slump in 3 Months

                  Thisdaylive | June 8, 2020
                  Nigeria records 23 new cases of COVID-19, total now 174
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                  •260 fresh incidences, raise total to 12,486 with 3,959 discharged, 354 dead
                  •Nigeria imports COVID-19 drugs from Bangladesh

                   

                  The rate of COVID-19 infection in Lagos State, the epicentre of the pandemic in Nigeria, may be on the decline as the state, for the first time in three months, recorded its first sharp drop yesterday.

                  The Nigeria Centre for Disease Control (NCDC), in an update yesterday, in which it announced 260 new cases, bringing to 12,486 the total number of confirmed cases in the country, said 38 of the fresh incidences were from Lagos.

                  The slump in the state’s infection rate came just as the federal government has intensified efforts in finding ways of dealing with the virus as it turned to the Asian nation of Bangladesh for drugs to treat COVID-19.

                  Nigeria is expected today to take delivery of the drugs it purchased from Bangladesh.
                  Lagos State has consistently been topping the chart of fresh COVID-19 cases since it recorded the first incidence on February 27, with the nation’s index case.

                   

                  It recorded its highest number of cases in a day on May 30 with 378 out of the 553 confirmed cases nationwide coming from Lagos.

                  This was followed by 256 cases on May 27, out of the 389 incidences recorded nationwide while on May 29, 254 of the 387 cases recorded all over the country were confirmed positive for the virus.

                  According to NCDC data, Lagos State so far has 5,767 confirmed cases with 4,756 patients on admission, 1,025 treated and discharged while 67 have died.

                   

                  The NCDC, in the update yesterday, said Abia recorded 67 new cases, Federal Capital Territory (FCT) 40, Lagos 38, Ogun 19, Gombe 16, Edo 14 and Imo nine.

                  Also, Kwara, Nasarawa, Katsina and Borno had eight cases each, Kaduna six, Bauchi five, Ekiti four, while Niger, Ondo, Plateau, Sokoto and Kano two have each.

                  It said: ” Nigeria has recorded 12,486 cases of COVID-19. 3,959 persons have been discharged while 354 have unfortunately lost their lives.”

                   

                  Nigeria Buys COVID-19 Drugs from Bangladesh

                  Nigeria will today take delivery of drugs it purchased from Bangladesh for the treatment of COVID-19 patients, THISDAY has learnt.

                   

                  Dhaka Tribune, in a report on its online edition yesterday, reported that a special flight with the medicines, medical supplies, and Personal Protective Equipment (PPE) left Hazrat Shahjalal International Airport in Dhaka, the capital of Bangladesh, last night for Lagos.

                  The paper said the emergency flight was loaded with a consignment of Remdesivir and Remivir, two drugs believed to be helpful in the treatment of COVID-19, which were hurriedly purchased by the Nigerian government as the country’s cases of the virus continue to rise.

                  The report said the drugs, among others, would be used in treating a governor, whose identity was not disclosed.

                   

                  According to the report, Nigeria’s Foreign Affairs Minister, Mr. Geoffrey Onyeama, telephoned his Bangladeshi counterpart, Dr. AK Abdul Momen, on Saturday night to seek assistance, including permission for its emergency plane to land in Dhaka in preparations for evacuating the medical supplies.

                  The plane, it was learnt, landed at Hazrat Shahjalal International Airport at about 5pm yesterday and departed for Nigeria with medicines within a short time.

                  Apart from the medicines, a small quantity of protective personal equipment (PPE) and other medical supplies are said to be part of the consignment on its way to Nigeria.

                   

                  THISDAY also learnt that subject to the effectiveness of the drugs, the Nigerian government intends to procure more medicines and medical supplies from the South Asian country.

                  Efforts to speak to Onyeama last night proved abortive as he did not respond to calls and text messages sent to his mobile phone as at press time.

                   

                  Israel Shuts Schools again as Cases Rise among Pupils, Teachers

                  Following the rising cases of the virus among pupils and teachers, Isreal has closed down its schools, barely three weeks after the schools were re-opened.

                   

                  The News Agency of Nigeria (NAN) reported that with 347 pupils and teachers testing positive for the virus, 127 schools did not reopen yesterday, which was the beginning of the workweek in Israel, according to an Education Ministry statement.

                  The number of pupils and staff in home quarantine grew from slightly more than 16,000 to almost 17,500 in little more than 12 hours.

                  Most of the new cases are from Jerusalem, particularly from one high school, the Hebrew Gymnasium, where, as of Sunday, 148 pupils and staff have tested positive.

                   

                  Also, four more Israeli lawmakers had to go into home quarantine, because they had had contact with an Arab lawmaker who tested positive last week.

                  Sami Abu Shehadeh, a member of the Arab Joint List party, in a post on Twitter had called on all to abide by Health Ministry instructions and warned: “We must all internalise that the battle is not over yet.’’

                  Israel was quick to impose a stringent lockdown in mid-March, resulting in a relatively mild outbreak of the pandemic in the small Middle Eastern country.

                   

                  But it was also quick to lift the lockdown.

                  Schools were reopened on May 17, followed by hotels, swimming pools and restaurants some 10 days later.

                   

                  On Saturday, Israel’s beaches were packed, with many beachgoers ignoring an obligatory Health Ministry guideline to wear face masks.

                  As of yesterday, a total of 17,783 COVID-19 cases have been confirmed in Israel, of whom 15,064 have recovered.

                  Only 29 are in serious condition, of whom 23 are on respirators.
                  The Health Ministry said 297 people had died from the virus since its outbreak, necessitating the shutdown of some schools after reopening.

                   

                  Lagos Discharges 31 COVID-19 Patients

                  The Lagos State Government has discharged 31 COVID-19 patients from its isolation centres, bringing to 1,025 the number of successfully treated patients in the state.

                   

                  The state Governor, Mr. Babajide Sanwo-Olu, said the discharged patients consisted of 25 males and six females.

                  He said: “Six were discharged from Onikan, four from Gbagada, two from Agidingbi, six from Lekki and 13 from Lagos University Teaching Hospital (LUTH) isolation centres.

                  “With this, the number of COVID-19 confirmed cases that have been successfully managed and discharged in Lagos has risen to 1,025.”

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