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Monday, August 3, 2020

NNPC Tackles Alleged Stolen Crude Report.

NNPC Tackles Alleged Stolen Crude Report. The Nigeria National Petroleum Corporation (NNPC) has strongly refuted a media report(Not Economic Confidential) to the effect that its...

Sallah: FIRS felicitates with Muslims, extends filing deadline for taxpayers

Sallah: FIRS felicitates with Muslims, extends filing deadline for taxpayers As the Muslim world celebrates the Eid-el-Kabir today, the Federal Inland Revenue Service (FIRS) has...

Airlines To Lose $2bn To COVID-19 – IATA

Airlines To Lose $2bn To COVID-19 - IATA     The International Air Transport Association has asked African governments to unblock bottlenecks ailing air transport and tourism...

Nigeria To Deliver 5GW Of Electricity By 2022 – NNPC

Nigeria To Deliver 5GW Of Electricity By 2022 - NNPC     With the kick-off of the construction of a number of gas projects, particularly some major...

COVID-19: Second-wave Fears Threaten Oil Demand Recovery

COVID-19: Second-wave Fears Threaten Oil Demand Recovery     The recent oil price gains may be short-lived as growing fears over a resurgence in COVID-19 cases are...

Stock Market Advances As Investors Gain N23bn

Stock Market Advances As Investors Gain N23bn   The equities market on Wednesday closed positive with a gain of N23bn following gains recorded by 18 quoted...

Nigeria, Israeli Firm Partner On Ethanol Production

Nigeria, Israeli Firm Partner On Ethanol Production     The Federal Government on Wednesday signed a Memorandum of Understanding with the DOR Group of Israel for the...

Manufacturing Sector Records Three Months Contraction – CBN Report

Manufacturing Sector Records Three Months Contraction – CBN Report     The Nigerian economy contracted in July for the third consecutive month, the manufacturing and non-manufacturing purchasing...

Seplat Suffers N49.8bn Loss Amid Oil Price Crash

Seplat Suffers N49.8bn Loss Amid Oil Price Crash     One of the nation’s indigenous independent oil companies, Seplat Petroleum Development Company Plc, posted a loss of...

Loans: China Can Seize Assets If Nigeria Defaults, Says Amaechi

Loans: China Can Seize Assets If Nigeria Defaults, Says Amaechi     The Minister of Transportation, Mr. Rotimi Amaechi, has said if Nigeria defaults on loans repayment,...

CBN’s Ban On Forex For Import Boosts Interest In Fish, Maize Farming

CBN’s Ban On Forex For Import Boosts Interest In Fish, Maize Farming     In furtherance of government’s efforts to drive Nigeria towards food sufficiency, Agribusiness firm,...

Dangote Cement rakes in N162.9bn profits in 6 months

Dangote Cement rakes in N162.9bn profits in 6 months ……as Winners emerge in consumer promo   Africa’s largest cement producer, Dangote Cement plc has announced a Profit...

Power Crisis Deepens As NBET Fails To Pay Gencos N181.39bn

Power Crisis Deepens As NBET Fails To Pay Gencos N181.39bn     The liquidity crisis in the nation’s power sector has taken a turn for the worse...

Naira Dips To N472/$ As Forex Scarcity Worsens

Naira Dips To N472/$ As Forex Scarcity Worsens     The naira on Tuesday traded at N472 to a dollar at the parallel market as foreign exchange...

NNPC Strikes $1.5bn Oil-for-loan Deal With Traders

NNPC Strikes $1.5bn Oil-for-loan Deal With Traders   The Nigerian National Petroleum Corporation has signed a $1.5bn prepayment deal led by Standard Chartered and backed by...

Equity Market Lose N70bn, Sell-off Persists

Equity Market Lose N70bn, Sell-off Persists     The Nigerian bourse on Tuesday closed lower to reverse the previous day gain as bears regained their grip following...

African Air Traffic Dips By 98% As IATA Projects Recovery By 2024

African Air Traffic Dips By 98% As IATA Projects Recovery By 2024   The International Air Transport Association (IATA) Tuesday released an updated global passenger forecast...

Stamp Duty: Why landlords can’t increase rent, by FIRS

Stamp Duty: Why landlords can’t increase rent, by FIRS There is no basis for rent increment in relation to the stamp duty payable on tenancy...

Banks’ Foreign Assets Rose By 10.2% On Naira Adjustment

Banks’ Foreign Assets Rose By 10.2% On Naira Adjustment     The net foreign assets of banks rose by 10.2 per cent in the first quarter of...

Banks’ Non-performing Loans Hit N1.2trn – CBN

Banks’ Non-performing Loans Hit N1.2trn – CBN     Banks’ non-performing loans stood at N1.2tn as of the end of June according to figures obtained from the...
Live Covid-19
United States 4,813,647
Cases: 4,813,647
Deaths: 158,365
Recovered: 2,380,217
Active: 2,275,065
Brazil 2,733,677
Cases: 2,733,677
Deaths: 94,130
Recovered: 1,884,051
Active: 755,496
India 1,808,128
Cases: 1,808,128
Deaths: 38,201
Recovered: 1,188,650
Active: 581,277
Russia 856,264
Cases: 856,264
Deaths: 14,207
Recovered: 653,593
Active: 188,464
South Africa 511,485
Cases: 511,485
Deaths: 8,366
Recovered: 347,227
Active: 155,892
Mexico 439,046
Cases: 439,046
Deaths: 47,746
Recovered: 289,394
Active: 101,906
Peru 428,850
Cases: 428,850
Deaths: 19,614
Recovered: 294,187
Active: 115,049
Chile 359,731
Cases: 359,731
Deaths: 9,608
Recovered: 332,411
Active: 17,712
Spain 335,602
Cases: 335,602
Deaths: 28,445
Recovered:
Active: 307,157
Colombia 317,651
Cases: 317,651
Deaths: 10,650
Recovered: 167,239
Active: 139,762
Iran 309,437
Cases: 309,437
Deaths: 17,190
Recovered: 268,102
Active: 24,145
United Kingdom 304,695
Cases: 304,695
Deaths: 46,201
Recovered:
Active: 258,494
Pakistan 280,029
Cases: 280,029
Deaths: 5,984
Recovered: 248,873
Active: 25,172
Saudi Arabia 278,835
Cases: 278,835
Deaths: 2,917
Recovered: 240,081
Active: 35,837
Italy 248,070
Cases: 248,070
Deaths: 35,154
Recovered: 200,460
Active: 12,456
Bangladesh 240,746
Cases: 240,746
Deaths: 3,154
Recovered: 136,839
Active: 100,753
Turkey 232,856
Cases: 232,856
Deaths: 5,728
Recovered: 216,494
Active: 10,634
Germany 211,462
Cases: 211,462
Deaths: 9,226
Recovered: 193,600
Active: 8,636
Argentina 201,919
Cases: 201,919
Deaths: 3,648
Recovered: 89,026
Active: 109,245
France 187,919
Cases: 187,919
Deaths: 30,265
Recovered: 81,500
Active: 76,154
Iraq 129,151
Cases: 129,151
Deaths: 4,868
Recovered: 91,886
Active: 32,397
Canada 116,884
Cases: 116,884
Deaths: 8,945
Recovered: 101,574
Active: 6,365
Indonesia 113,134
Cases: 113,134
Deaths: 5,302
Recovered: 70,237
Active: 37,595
Qatar 111,107
Cases: 111,107
Deaths: 177
Recovered: 107,779
Active: 3,151
Philippines 106,330
Cases: 106,330
Deaths: 2,104
Recovered: 65,821
Active: 38,405
Egypt 94,483
Cases: 94,483
Deaths: 4,865
Recovered: 42,455
Active: 47,163
Kazakhstan 92,662
Cases: 92,662
Deaths: 793
Recovered: 62,511
Active: 29,358
Ecuador 86,524
Cases: 86,524
Deaths: 5,750
Recovered: 36,213
Active: 44,561
China 84,428
Cases: 84,428
Deaths: 4,634
Recovered: 79,013
Active: 781
Sweden 80,422
Cases: 80,422
Deaths: 5,743
Recovered:
Active: 74,679