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Tuesday, July 14, 2020

Discos: We Need N8.7bn To Meet NERC’s Order

Discos: We Need N8.7bn To Meet NERC’s Order     Power distribution companies on Wednesday announced that they would require N8.7bn in order to comply with the...

DMO Set To Auction N125bn Bonds Next Week

DMO Set To Auction N125bn Bonds Next Week   The Debt Management Office has said the Federal Government will auction N125bn worth of bonds by subscription...

Nigerians Spend $8bn Annually On Vehicle Importation – Osinbajo

Nigerians Spend $8bn Annually On Vehicle Importation – Osinbajo   Vice President Yemi Osinbajo said in Abuja that Nigerians spent about $8bn, annually, on importation of...
Kemi Adeosun Finance Minister

IMF Not Troubled About Nigeria’s Debt – Adeosun

IMF Not Troubled About Nigeria’s Debt - Adeosun   The Minister of Finance, Mrs. Kemi Adeosun, has said that the International Monetary Fund is not troubled...

Nigeria: Going Beyond N9trn Asset With Pencom’s Micro-Pension Plan

Nigeria: Going Beyond N9trn Asset With Pencom's Micro-Pension Plan   A significant growth in the pension industry's asset size beyond the current value of N9.03 trillion...

FG Earmarks N61bn For Nigeria-Siemens Power Pact

FG Earmarks N61bn For Nigeria-Siemens Power Pact   The Federal Government has set aside the sum of N61bn for the Nigeria Electrification Road map to be...

NIRSAL Recieves Fresh N4.5bn From 3 Banks For Farmers

NIRSAL Recieves Fresh N4.5bn From 3 Banks For Farmers The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending has secured a total of N4.5bn from...

CBN Goes Tough on e-Banking Fraud, to Blacklist Customers

The Central Bank of Nigeria (CBN) has said it is working on a policy that will ensure that bank customers involved in electronic fraud...

First Bank Gets Approval to Sell Forex to BDCs

First Bank of Nigeria Limited says it has received the approval of the Central Bank of Nigeria to commence the sale of foreign exchange...

SON To Destroy N38m Worth Of Substandard Roofing Sheets

SON To Destroy N38m Worth Of Substandard Roofing Sheets The Standards Organisation of Nigeria is set to destroy N38m worth of substandard roofing sheets found...

Treasury Bills Market Bearish Over MPC Decision

The Treasury bills market traded slightly bearish on Wednesday with yields up by 30 basis points on the average. This development, analysts at Vetiva Capital...

AfDB Okays $20m For Nigeria, Others

AfDB Okays $20m For Nigeria, Others   The board of directors of the African Development Bank has approved a $20m investment in the Metier Sustainable Capital...

Foreign Airlines Earned N288bn From Nigerian Market In Q1

Foreign Airlines Earned N288bn From Nigerian Market In Q1 Foreign airlines sold tickets worth $800 million (N288 billion) in the first half of 2018, according...
electricity

Discos Revenue Collection Increases To N466bn

Discos Revenue Collection Increases To N466bn   The collection of revenue from users of electricity across the country by power distribution companies has increased to N466bn,...

Despite $1.6bn Intervention, Grid Records 100 System Collapses

Despite $1.6bn Intervention, Grid Records 100 System Collapses   Power distribution companies have said that the country’s electricity grid has suffered nine system collapses this year...

FG Earmarks N3.79bn For Ajaokuta Steel Company

FG Earmarks N3.79bn For Ajaokuta Steel Company   The Federal Government has allocated a total of N3,796,479,657 to the Ajaokuta Steel Complex for 2020. The company has...

EU Releases €1bn For Quality Standards In ECOWAS

EU Releases €1bn For Quality Standards In ECOWAS   The European Union on Monday said it had provided development assistance of over €1bn to support the...

DPR Decries Oil Theft, Generates N2.4trn In One Year

DPR Decries Oil Theft, Generates N2.4trn In One Year   The Department of Petroleum Resources has lamented the high rate of crude theft in the country. The...

Naira Depreciation: How Stock Exchange Shrinks by $15bn

The Nigerian Stock Exchange (NSE) has been hit by the foreign exchange crisis as the continued depreciation of the local currency, naira, against the...

Naira Drops to 367/Dollar Over Forex Policy Panic

Uncertainty over the Central Bank of Nigeria’s planned exchange rate policy has continued to rattle the foreign exchange market. The local currency dropped against the...
Live Covid-19
United States 3,479,483
Cases: 3,479,483
Deaths: 138,247
Recovered: 1,549,469
Active: 1,791,767
Brazil 1,887,959
Cases: 1,887,959
Deaths: 72,921
Recovered: 1,213,512
Active: 601,526
India 907,645
Cases: 907,645
Deaths: 23,727
Recovered: 572,112
Active: 311,806
Russia 733,699
Cases: 733,699
Deaths: 11,439
Recovered: 504,021
Active: 218,239
Peru 330,123
Cases: 330,123
Deaths: 12,054
Recovered: 221,008
Active: 97,061
Chile 317,657
Cases: 317,657
Deaths: 7,024
Recovered: 286,556
Active: 24,077
Mexico 304,435
Cases: 304,435
Deaths: 35,491
Recovered: 189,063
Active: 79,881
Spain 303,033
Cases: 303,033
Deaths: 28,406
Recovered:
Active: 274,627
United Kingdom 290,133
Cases: 290,133
Deaths: 44,830
Recovered:
Active: 245,303
South Africa 287,796
Cases: 287,796
Deaths: 4,172
Recovered: 138,241
Active: 145,383
Iran 259,652
Cases: 259,652
Deaths: 13,032
Recovered: 222,539
Active: 24,081
Pakistan 251,625
Cases: 251,625
Deaths: 5,266
Recovered: 161,917
Active: 84,442
Italy 243,230
Cases: 243,230
Deaths: 34,967
Recovered: 195,106
Active: 13,157
Saudi Arabia 235,111
Cases: 235,111
Deaths: 2,243
Recovered: 169,842
Active: 63,026
Turkey 214,001
Cases: 214,001
Deaths: 5,382
Recovered: 195,671
Active: 12,948
Germany 200,436
Cases: 200,436
Deaths: 9,139
Recovered: 185,100
Active: 6,197
Bangladesh 186,894
Cases: 186,894
Deaths: 2,391
Recovered: 98,317
Active: 86,186
France 172,377
Cases: 172,377
Deaths: 30,029
Recovered: 78,597
Active: 63,751
Colombia 154,277
Cases: 154,277
Deaths: 5,455
Recovered: 65,809
Active: 83,013
Canada 108,155
Cases: 108,155
Deaths: 8,790
Recovered: 71,841
Active: 27,524
Qatar 104,016
Cases: 104,016
Deaths: 149
Recovered: 100,627
Active: 3,240
Argentina 103,265
Cases: 103,265
Deaths: 1,903
Recovered: 44,173
Active: 57,189
China 83,605
Cases: 83,605
Deaths: 4,634
Recovered: 78,674
Active: 297
Egypt 83,001
Cases: 83,001
Deaths: 3,935
Recovered: 24,975
Active: 54,091
Iraq 79,735
Cases: 79,735
Deaths: 3,250
Recovered: 46,998
Active: 29,487
Indonesia 76,981
Cases: 76,981
Deaths: 3,656
Recovered: 36,689
Active: 36,636
Sweden 75,826
Cases: 75,826
Deaths: 5,536
Recovered:
Active: 70,290
Ecuador 68,459
Cases: 68,459
Deaths: 5,063
Recovered: 30,369
Active: 33,027
Belarus 65,114
Cases: 65,114
Deaths: 468
Recovered: 55,492
Active: 9,154
Belgium 62,707
Cases: 62,707
Deaths: 9,782
Recovered: 17,196
Active: 35,729