Nigeria
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...
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Breaking: 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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FMDQ Admits Commercial Papers of United Capital, Sterling Bank
FMDQ Exchange Limited has admitted the United Capital Plc N1.35 billion Series 1 and N3.97 billion Series 2 commercial paper(CP)...
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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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FBN Holdings shareholders approve N13.64bn dividend
Shareholders of the FBN Holdings have approved a total dividend of N13.64bn declared by the company for the financial year...
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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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PPPRA parleys CBN on forex support for oil marketers
The Petroleum Products Pricing Regulatory Agency (PPPRA) is discussing with the Central Bank of Nigeria (CBN) on ways to make...
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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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Buhari declares interstate lockdown as nationwide curfew begins Monday
The President, Major General Muhammadu Buhari (retd.), on Monday ordered a nationwide curfew from 8pm to 6am beginning from Monday...
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Uncertainty over lockdown as Nigerians await decision
There was uncertainty on Sunday night over whether the lockdown to check the spread of coronavirus will continue, it was...
Read moreNigeria records 91 new coronavirus cases, total now 1273
Nigeria’s coronavirus cases increased to 1273 on Sunday with a single-day discovery of 91 new cases confirmed by the Nigeria...
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Polaris Bank Marks First Year with N27.8bn Profit
Polaris Bank Limited has recorded a profit before tax (PBT) of N27.8 billion for the financial year ended December 31,...
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Evacuate us now, Stranded Nigerians in UK tell FG
According to them, the government does not have the constitutional power of locking its citizens out of the country for...
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Local firms owe 90% of $8b oil industry debt to banks
Nigeria’s independents that produce about 400,000 barrels per day out of the about two million barrels daily national output account...
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