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FIRS collects N1.1trn in Q1 2020
Federal Inland Revenue Service (FIRS), on Thursday, announced that it generated N1.1 trillion during the first quarter of 2020.In a statement from Director, Communications and Liaison Department Abdullahi Ismaila Ahmad, FIRS said the…
Dangote Cement reverses bearish run as equities market gain N10.8bn
Equities trading on the floor of the Nigerian Stock Exchange (NSE) reversed negative sentiment as the gains from Dangote Cement shares appreciated the market capitalisation by 0.10 per cent or N10.766 billion to close at N11.007 trillion at…
Equities market opens month with N104.2bn loss
The Nigerian equities market opened the month sustaining negative sentiments associated with the coronavirus pandemic globally. On Tuesday the market capitalisation of equities on the Nigerian Stock Exchange (NSE) left N11 trillion mark to…
COVID-19: Equities investors lose N2.6trn in March
Amidst the coronavirus pandemic and its attendant effect on the economy, negative sentiments were reflected on the local equities market as investors lose N2.56 trillion in the month of March.Tribune Online reports that the market…
Oil falls to $20, hits 18-year low
Oil prices fell below $20 a barrel on Monday, the lowest in about 18 years, as demand continued to plummet even as the tiff between Saudi Arabia and Russia was unrelenting.Brent crude prices went down to $23.03 per barrel on Monday…
Keystone Bank pledges N1bn to strengthen fight against coronavirus
As part of a robust effort to combat the deadly Coronavirus outbreak in Nigeria, the management of Keystone Bank today announced the donation of N1 billion for the purchase of relief materials, critical care facilities and protective gear…
ABCON advises forex users to shunstreet traders
The Association of Bureaux De Change Operators of Nigeria (ABCON) has asked foreign exchange buyers not to patronise street traders because of the dangers associated with such transactions.The advice came on the heels of a two-week…
SEC unveils regulatory framework for Crowdfunding
To further deepen the nation’s capital market and enable it to provide development capital for Medium and Small-scale Enterprises of the economy, Nigeria’s Securities and Exchange Commission (SEC), at the weekend, unveiled an exposure draft…
Emerging markets need $2.2trn to exit current recession ― IMF
International Monetary Fund ((IMF) said on Friday that the coronavirus has already plunged the global economy into recession, IMF Managing Director.According to Reuters, IMF Managing Director Kristalina Georgieva who spoke at a news…
COVID-19: Nigeria, others to lose 30% FDI in 2020 ―UNCTAD
The outbreak and spread of coronavirus (COVID-19) will negatively affect global foreign direct investment (FDI) flows with Nigeria and other countries losing between 30 and 40 per cent of their 2019 earnings, the United Nations Conference…