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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%

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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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                  States plan tough enforcement as new COVID-19 cases surge

                  Punch | December 21, 2020
                  BREAKING: COVID-19 cases jump to 3912 in Nigeria
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                  State governments on Sunday renewed COVID-19 protocol enforcement as the country battled increasing cases of coronavirus.

                  Officials of states including Lagos, Anambra, Ogun and  Kaduna on Sunday told The PUNCH that as from Monday (today),  they would step up enforcement of COVID-19 preventive measures such as wearing of face masks, social distancing in vehicles and hand washing.

                  Recall that following the persistent increase in COVID-19 cases in the country in April, the Federal Government introduced phase one lockdown in Lagos and Ogun states as well as the Federal Capital Territory from April 27 to May 4.

                  The country also went through phase two from May 5 to June 29 and phase three from June 30 to July 27.

                   

                  During the period, the Presidential Task Force on COVID-19 and state governments banned gatherings in worship places and stopped inter-state travels.

                  Since July, many Nigerians have abandoned non-pharmaceutical interventions, such as wearing of face masks and social distancing.

                  These have triggered the second wave of the virus, which the PTF announced on Thursday.

                  According to the Nigeria Centre for Disease Control, no fewer than 77,933 cases had been recorded in the country as of Saturday. Also, 1,218 deaths had been recorded during the period.

                  The PUNCH had on Friday reported that   5,809 cases were recorded in the country between December 7 and 16, 2020.

                  Following the task force’s announcement, state governments have taken steps to stop a further spike in COVID-19.

                  Lagos begins  enforcement today, says it can’t afford another lockdown

                  The Lagos State Commissioner for Information, Mr Gbenga Omotoso,  in an interview with The PUNCH, on Sunday said the state safety commission as from Monday (today) would enforce the strict compliance with the COVID-19 guidelines.

                  He stated, “We are stepping up advocacy on radio and television stations so that people can know that the second wave we are talking about is upon us. We are not planning to shut down the economy, because we can’t afford another lockdown.

                  “From tomorrow (Monday), we will enforce strict obedience to the COVID-19 protocols on those boarding our BRT. Civil servants from level 14 downwards have also been told to work remotely from Monday as well.”

                  The state government had last week vowed to impose N20,000 fine on anybody that violated COVID-19 protocols.

                   

                  Kaduna workers to operate from home

                  Also, the Kaduna State Government on Sunday directed all civil servants below Grade Level 14 to work from home as from Monday (today).

                  The state also limited the service hour of churches and mosques as a way to curb the coronavirus in the state.

                  The state Governor’s Special Adviser on Media and Communication, Mr Muyiwa Adekeye,  in a statement,  said that the Head of Service would issue service-wide updates as required.

                  He explained that the governor,  Nasir el-Rufai, had signed new regulations to contain the spread of COVID-19 in the state.

                  Adekeye said it was mandatory for residents to wear face masks, adding that “organisations and individuals that allow people into their premises have the responsibility to enforce the ‘no mask, no entry’ mandate.

                  According to him, businesses must provide thermometers for temperature checks, and sanitisers or hand-washing equipment and physical distancing measures within all facilities.”

                   

                  New  restriction on Kaduna churches, mosques

                  He added, “Places of worship must enforce facemasks, provide sanitisers and ensure physical distancing. The number of worshippers will be capped. Congregational worship should not exceed one hour.

                  “Transport operators must reduce capacity to not more than two passengers per row and not more than 50 per cent of capacity.”

                  “Supermarkets and providers of personal services such as hair dressing and barbing salons can remain open, but service providers and customers must use facemasks and limit the number of persons they admit and serve at any time.”

                   

                  Imo shuts secretariat

                  The Imo State Governor, Hope Uzodimma, in a statewide broadcast on Sunday, ordered the closure of the state secretariat beginning  from Monday.

                  Uzodimma directed that all government workers except permanent secretaries and political appointees should stay away from office till further notice.

                  The governor said  wearing of face masks had become compulsory as mobile courts had been directed to arrest and prosecute anyone without a face mask.

                  He also said social gatherings in the state during this Christmas should not have more than 100 persons, adding social distancing must be maintained at such events.

                  On its part, the Ogun State Government said it would soon announce more stringent protocols to curb the second wave in the state.

                  The Special Adviser to the state  Governor on Public Communications, Remmy Hazzan disclosed this on Sunday in an interview with one of our correspondents.

                  Hazzan said the government was aware of the second wave  of COVID-19 and would take every measure to stop its spread in any part of the state.

                  He said, “Very more stringent protocols would be announced. We may reintroduce some things that have already  been relaxed and even tighten them  more.”

                   

                  In Anambra State, it was gathered that the state Governor,  Willie Obiano, might ban large social gatherings during Christmas to curb the spread of COVID-19.

                  A governor’s aide, who confided in one of our correspondents, said,  “His Excellency will announce the ban on or before Christmas. This is because you know our people like to hold social and church activities during this time, but government won’t allow that.

                  But the state government warned against large gatherings during the Yuletide.

                  The state Commissioner for Information and Public Enlightenment, Mr C-Don Adinuba, stated this in a press statement.

                  He stated, “The Anambra State government will like to remind all our people that the whole world is still passing through a very unusual time caused by the global pandemic. Therefore, large gatherings are not encouraged this time in the interests of our people.”

                   

                  COVID-19 cases  becoming alarming in FCT – Director

                  The FCT Administration warned that the cases of COVID-19 in Abuja were becoming alarming.

                  The Director, Public Health and Human Services Secretariat, FCT Administration, Dr Josephine Okechukwu, raised the alarm in a video shared on social media, on Saturday.

                  Okechukwu, came down with the virus on December 3, 2020 and was discharged from the hospital on December 19.

                  The doctor, who is in charge of the FCT COVID-19 team, expressed worry that the situation might degenerate if the spread of the disease was not curbed.

                  Stating that the FCT was already in the middle of the second wave, Okechukwu said, “In Nigeria, especially in the FCT, we were part of the states that had overwhelming number of cases. When we had our first wave, we noticed that the peak was in July 2020.

                  “In that July, we identified a total of 1,940 cases of confirmed COVID-19. That was our peak. Suddenly, the cases went down.

                  “Now we are in the second wave: In November, we identified 717 cases of COVID-19. But now in December as of 18th of this month,  we have identified a total of 2, 462 cases of COVID-19. Within 18 days, we recorded or we confirmed a total of 2, 462 cases of COVID-19.”

                  From the FCT data, the medical doctor said 73 per cent of the cases involved those spreading the virus ignorantly.

                  She added, “My experience at the centre was not too palatable; that is why I am making this video so that everyone will be cautious and know that COVID-19 is real and it’s all over the nation.

                  “The spread is overwhelming, a lot of people are coming down with COVID-19. When we look at the data we have, there was an increase of 127 per cent in this December as compared to the peak we had in July during the first wave.”

                  PTF monitoring global air travel situation, says aviation ministry

                  The Ministry of Aviation said the PTF was monitoring global air travel situations.

                  When asked if the Federal Ministry of Aviation would bar some United Kingdom flights from coming into Nigeria, as being done by some countries, the ministry’s Director, Public Affairs, James Odaudu, said the situation was still being monitored.

                  He noted that although it was not in the ministry’s position to make such pronouncements, the required decision would be taken by the Presidential Task Force on COVID-19 when necessary

                  In his response to an enquiry by our correspondent in Abuja on Sunday, Odaudu said, “The decision belongs to the Presidential Task Force on COVID-19.

                  “I’m sure they are monitoring the global situation and will take the necessary decisions.”

                  15 NIPSS management employees to undergo testing, isolation Monday

                  Meanwhile, there were indications that the Director General of the National Institute for Policy and Strategic Studies, Prof. Habu Galadima, whose death was announced on Sunday,  died of COVID-19.

                  About  15 senior management staff of the institute were on Sunday summoned for a compulsory COVID-19 test on Monday, a NIPSS source told The PUNCH.

                  It was gathered that they would proceed on isolation. Galadima died in the early hours of Sunday.

                  Galadima’s public appearance was in Abuja on Tuesday during the opening of the roundtable discussion with the theme: ‘Political parties, party ideologies and national interest’, jointly organised by NIPSS and Political Parties Leadership and Policy Development Centre.

                  A top source in the NIPSS told The PUNCH on Sunday that Galadima took ill at the opening of the event in Abuja.

                  The source, who spoke on how Galadima died, said he could not attend the next day’s 2020 annual summit of political parties and stakeholders with theme: ‘Two decades of party politics and democracy in Nigeria: Issues and prospects’ which held at NICON Luxury and also jointly organised by NIPSS and PPLAlDC.

                  He said, “Yes, that was what happened; our DG died today (Sunday) in Abuja, around 10/11 am. All of us now; we have been unable to go anywhere.

                  “We have returned to Jos. More so, the programme ended and we came back to Jos, except for him and some management staff who were still in Abuja. A handful of us came from the NIPSS, but I can’t really say the specific number.”

                  Meanwhile, the Senior Special Assistant to the President on Media and Publicity, Garba Shehu, on Sunday quoted the President, Major General Muhammadu Buhari (retd.), as expressing sadness over the death.

                  Galadima is believed to have died of complications from coronavirus.

                  In a statement titled, ‘President Buhari mourns passing of NIPSS DG, describes him as intellectual colossus’, Shehu added that Buhari said Galadima stood tall in the field of scholarship and knowledge.

                  Also, the Plateau State Governor, Simon Lalong, said he was shocked over the death of the DG of NIPSS.

                   

                  He described the late professor as an astute scholar of international repute, administrator and professional who demonstrated uncommon commitment in carrying out every responsibility he was assigned

                  Niger Assembly Speaker, Clerk test positive for COVID-19

                  Meanwhile, The Speaker of the Niger State House of Assembly, Bawa Wuse, and the Clerk of the House, Mohammed Kagara, have gone into isolation after testing positive for COVID-19.

                  It was learnt that all the lawmakers and principal officers of the Assembly had gone into quarantine for fear of contracting the virus

                  Our correspondent gathered from a top source at the Assembly that most of the tests carried out on the lawmakers returned negative except that of the Speaker and the Clerk.

                  The source confirmed that the two of them were responding to treatment.

                  It was also learnt that fear had gripped workers in the state, particularly those at the Assembly as a result of the latest development.

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