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DOMESTIC BORROWING: SENATE APPROVES FG’S N850BN REQUEST

The Senate has approved the Federal Government’s request for conversion of N850bn new external borrowing in the 2020 budget to domestic borrowing. A statement released by the Debt Management [...]

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NRC CONSIDERS REOPENING INTRA-STATE TRAIN SERVICES

Train services may reopen in some states next week to ease movement of people within their respective states as the Federal Government gradually relaxes the restriction order imposed about a [...]

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GERMANY GRANTS NIGERIA N8.9BN DEBT RELIEF

The Republic of Germany said it had granted Nigeria debt relief amounting to N8.9bn (€22.4m) on account of the coronavirus pandemic. Also, the German government said it had successfully [...]

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NIGERIA MAY RECORD N4.9TN DECLINE IN NOMINAL GDP — INVESTIGATION

The outbreak of the coronavirus pandemic in Nigeria may result in a decline of N4.95tn in the nation’s nominal Gross Domestic Product in the present fiscal year, investigation has revealed. [...]

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COVID-19: PRIVATE SECTOR CONTRIBUTIONS HIT N27.16BN

Total funds raised by the Private Sector Coalition Against COVID-19 rose to N27.16bn as of the end of April 23, 2020. The Director, Corporate Communications, Central Bank of Nigeria, Isaac [...]

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STOCK MARKET EXTENDS GAIN WITH N58BN

Trading on the floor of Nigerian stock market on Tuesday maintained a bullish trend following gains recorded majorly by blue-chip stocks. The major market performance measures, the NSE All Share [...]

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COVID-19: IMF APPROVES $3.4BN EMERGENCY LOAN FOR NIGERIA

The Executive Board of the International Monetary Fund on Tuesday approved $3.4bn in emergency financial assistance to the Federal Government in addressing the severe economic impact of the [...]

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CBN LIFTS SUSPENSION ON CHEQUES’ CLEARING

The Central Bank of Nigeria has lifted suspension on cheque clearing by the Deposit Money Banks. It stated this in a circular to all the DMBs and Nigeria Inter-Bank Settlement System issued on [...]

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STOCK MARKET REPORT FOR APRIL 24TH 2020

A total turnover of 1.195 billion shares worth N13.979 billion in 20,591 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.495 billion shares [...]

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NIGERIAN WINS SWISS GOVERNMENT MIGRATION ENTREPRENEURSHIP PRIZE

A Nigerian entrepreneur, Chidi Nwaogu has won the Migration Entrepreneurship prize organized by the Swiss Federal Department of Foreign Affairs (FDFA) Human Security Division (HSD). This [...]