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Saturday, March 28, 2020

CBN, Dangote Plan N120bn COVID-19 Fund, Rabiu, Elumelu Donate N6bn

CBN, Dangote Plan N120bn COVID-19 Fund, Rabiu, Elumelu Donate N6bn   The Central Bank of Nigeria and the private sector, led by Aliko Dangote Foundation and...

Budget: FG Slashes Oil Benchmark To $30 Per Barrel

Budget: FG Slashes Oil Benchmark To $30 Per Barrel   The Federal Government on Wednesday proposed the reduction of oil benchmark, upon which the 2020 budget...

W/Bank Plans $150bn Economic Recovery Scheme After Pandemic

W/Bank Plans $150bn Economic Recovery Scheme After Pandemic   The World Bank Group has expressed its readiness to deploy about $150bn over the next 15 months...

In 2019, NNPC Spent N218.18bn On Ailing Refineries

In 2019, NNPC Spent N218.18bn On Ailing Refineries   Nigeria’s refineries under the management of the Nigerian National Petroleum Corporation incurred a total expense of N218.18bn...

COVID-19: FG Reduces N252bn Privatisation Target, N1.5trn Customs Revenue

COVID-19: FG Reduces N252bn Privatisation Target, N1.5trn Customs Revenue   The Federal Government on Wednesday announced that it had cut its revenue target from privatisation by...

IMF, W/Bank Call For Suspension Of Debt Payments By Poorest Nations

IMF, W/Bank Call For Suspension Of Debt Payments By Poorest Nations   The International Monetary Fund and World Bank on Wednesday called for governments to put...

COVID-19: CBN Lists Conditions To Access N50bn Intervention Fund

COVID-19: CBN Lists Conditions To Access N50bn Intervention Fund   The Central Bank of Nigeria has listed the conditions that must be fulfilled by individuals and...
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Global Investment Banks Revenue Now $26.1bn

Global Investment Banks Revenue Now $26.1bn The five largest global investment bank revenue hit $26.1billion last year, three per cent down, according to data gathered...

Declining Economic Condition Worsens Consumer Confidence, CBN Says

Declining Economic Condition Worsens Consumer Confidence, CBN Says   Consumers’ overall outlook was negative in the first quarter of 2020, as consumers were pessimistic in their...

Global Air Transport Revenue Loss Increases To $252bn

Global Air Transport Revenue Loss Increases To $252bn   The International Air Transport Association says the expected impact of the coronavirus on global air transport has...

COVID-19: Expect Recession Worse Than 2008 Global Crisis – IMF

COVID-19: Expect Recession Worse Than 2008 Global Crisis – IMF   The International Monetary Fund has said the global economy will slide into a recession that...
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Africa Needs $100bn Economic Stimulus – Finance Ministers

Africa Needs $100bn Economic Stimulus - Finance Ministers   Africa needs an immediate emergency economic stimulus to the tune of $100bn, owing to the COVID-19 outbreak,...

BoI Raises €1bn To Support MSMEs, Others

BoI Raises €1bn To Support MSMEs, Others   The Bank of Industry has raised a €1bn (about $1.11bn) medium-term syndicated facility from the international capital market...

Questionable Cargoes Boost Manufactured Goods Exports By N909bn

Questionable Cargoes Boost Manufactured Goods Exports By N909bn Exports of locally manufactured goods went up as high as 839.44 per cent between second and third...

Mutual Funds To Hit N1.5trn 2020 – SEC

Mutual Funds To Hit N1.5trn 2020 – SEC   The Securities and Exchange Commission has said that Collective Investment Scheme in the nation’s capital market may...

Insurance Firms Pay N769bn Claims in 3 Years

Insurance Firms Pay N769bn Claims in 3 Years   The insurance sector paid claims totalling N769.26bn in three years, the National Insurance Commission said in a...

NPA Refutes High Tariff Charges On Vessels Allegation

NPA Refutes High Tariff Charges On Vessels Allegation   The Nigerian Ports Authority (NPA) has refuted misgivings about tariff charges on vessels berthing in Nigerian ports,...

Tax: Ease of payment critical to national development – FIRS

Tax: Ease of payment critical to national development – FIRS A tax system designed to facilitate  voluntary compliance and seamless payment by  taxpayers is critical to achieving...

Fed Govt Reduces March Bonds, Auctions N50bn

Fed Govt Reduces March Bonds, Auctions N50bn   The Debt Management Office has said that Federal Government will auction N50bn worth of bonds by subscription on...

FG Slashes Budget By N1.5trn, Reduces Benchmark To $30

FG Slashes Budget By N1.5trn, Reduces Benchmark To $30   The Federal Government on Wednesday announced a slash in the 2020 budget by N1.5tn as part...