Economy
FG offers discounted crude oil below $4 amid glut
In a desperate effort to offload and sell stranded barges of oil, the Federal Government, yesterday, offered oil traders huge...
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FG disburses N43.4bn to 24 states under W/Bank-assisted programme
The Federal Government has disbursed the sum of N43.416 billion (about $120.6 million) as performance-based grants to 24 eligible states...
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COVID-19: FG Unveils Six-week Gradual Plan to Reopen Economy
Restricts banking operations to six hours To enforce mandatory 14-day quarantine for all arrivals Orders 107,000 GeneXpert cartridges to fast...
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Bulls sustain dominance as index rises further by 0.62 per cent
Following price gains recorded by most bluechip stocks, the bulls sustained their hold on the equities sector of the Nigerian...
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FG decontaminates two out of 123 aircraft
The Federal Government has said that it plans to decontaminate 123 aircraft nationwide to curtail the spread of COVID-19 but...
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Lagos businesses open 9am-3pm from next week
• Commercial buses to operate 60 per cent capacity • Civil servants on Level 1-12 to work from home •...
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CBN Resumes Dollar Sales for SMEs, School Fees
The Central Bank of Nigeria (CBN) has resumed the sale of foreign exchange to all commercial banks to enable parents...
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N850bn loan will enhance 2020 budget fiscal efficiency – DMO
The Debt Management Office (DMO) has said that the N850 billion loan approved by the Senate on Tuesday is not...
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COVID-19: FRC Unveils Guidelines for Preparers of Financial Statements
The Financial Reporting Council of Nigeria (FRC) has released fresh guidelines on the impact of COVID-19 on financial reporting. The...
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Zenith Bank posts N166.8b in Q1
Zenith Bank Plc has announced its unaudited results for the first quarter ended March 31, 2020, with gross earnings rising...
Read moreBreaking: Nigeria’s COVID-19 Cases Surge by 195 to 1,532
Nigeria has recorded 195 new cases of COVID-19, bringing to 1532 the total number of confirmed cases in the country....
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Banks to Reap Higher Income from Digital Platforms, Says Agusto & Co
Agusto & Co. has predicted that more bank customers would embrace digital banking platforms which could result in higher electronic...
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Q1: Stanbic IBTC Records N61bn Earnings, N21bn Profit After Tax
Stanbic IBTC Holdings Plc has announced its financial results for the first quarter (Q1) ended March 31, 2020, showing a...
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Nigeria seeks documents from Citi, JPMorgan, others to overturn $9.6 bn P&ID case
Nigeria is seeking documents from 10 banks, including Citigroup Inc. and JPMorgan Chase & Co., in a bid to overturn...
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Report: Banks to Tap Local Debt Market to Fight Headwinds
Some Nigerian banks are considering issuing naira-denominated bonds in the short-to-medium term to beef up their capital and strengthen their...
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DBN donates N100m to fight COVID-19
Development Bank of Nigeria Plc, a development finance institution, has announced a donation of N100 million towards the fight against...
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Investors lose N1.8 trillion in two months of COVID-19 in Nigeria
Stock market investors have lost over N1.8trillion in two months after the first case of Coronavirus (COVID-19), was confirmed in...
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IMF may approve Nigeria’s $3.4bn loan today
There are indications that the Executive Board of the International Monetary Fund may approve the $3.4bn loan sought by Nigeria...
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Nigerian hospitals in peril over surging cost of masks, protective gowns
Rising prices of medical masks and other personal protective equipment (PPEs) are undoing a lot of Nigerian hospitals as doctors...
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Airlines, workers rally governments to save 25 million aviation jobs
The International Transport Workers’ Federation (ITF) and the International Air Transport Association (IATA) have urged governments to support the aviation...
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BoI Grants Three Months Moratorium on Loans
The Bank of Industry (BoI) has granted three months moratorium to all loans it extended to its customers to enable...
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US oil falls below $11 per barrel
US oil nosedived below $11 a barrel on Tuesday after a major exchange-traded fund started selling its short-term contracts of...
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CBN Lifts Suspension on Cheque Clearing
The Central Bank of Nigeria (CBN) has lifted the temporary suspension it placed on the clearing of cheques in the...
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‘Many oil projects in Nigeria, others may not see FID this year’
With the impact of the coronavirus compounding oil and gas industry challenges, governments in Nigeria and other African countries have...
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Investors lose N1.8 trillion in two months of COVID-19 in Nigeria
Stock market investors have lost over N1.8trillion in two months after the first case of Coronavirus (COVID-19), was confirmed in...
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