Ecobank Nigeria has restated its commitment to the Agricultural sector and is supporting over 70,000 farmers with special loans to increase their…
News
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Lufthansa announced plans to cut 1,000 of a total of 5,000 jobs in administration, as the flagship German carrier battles to survive…
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EconomyFinanceNews
Africa to rebound from pandemic slump in 2021, Europe is headed for deeper recession
African economies, is expected to partially rebound next year from a pandemic-induced economic slump, but it could still lose nearly a quarter…
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FinanceBusinessEconomyNews
Buhari’s anti-corruption crusade on trial, suspends Magu on corruption probe
President Buhari anti-corruption is on trial as the man charged with responsibility of fighting the hydra headed social monster has been suspended…
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Nova Merchant Bank, has said that its ongoing N10 billion bond issuance is aimed at putting the business on firm footing to…
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Stock MarketFinanceNews
Bargain hunting spurs gain at Nigerian Stock market as capitalisation rose to N12.6trn
In today’s session, gain resurfaced in the equities market as the benchmark index rose 30bps due to bargain hunting in AIRTELAF (+3.7%), BUACEMENT (+2.5%) and ZENITH (+1.9%) to close at 24,097.48 points. Consequently,…
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FinanceBusinessEconomyNews
FCTA gives GTBank branches 24 hours to put in place Covid-19 customer safety measures or risk shut down
The Federal Capital Territory Administration FCTA has threatened to seal some branches of Guaranty Trust Bank in the territory for operating without…
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Nigeria’s total public debt rose to N28.62 trillion as of March, up 15% from a year earlier, the Debt Management Office (DMO)…
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Central Bank of Nigeria has debited N122 billion from Nigerian banks with excess cash before weakening the currency at a retail auction…
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Minister of Mines and Steel Development, Mr Olamilekan Adegbite, says Federal Government has proposed N2.3 trillion to boost the mining and other…
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The Federal Government has approved 60 per cent debt forgiveness for all debtor broadcast stations in the country to cushion the effects…
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EconomyFinanceNews
Access Bank W initiative, creating an enabling business environment for women SMEs
Access Bank through the W initiative, has empowered women, owned and managed SMEs by putting together an innovative bundle of offerings designed…
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Small and Medium scale enterprises in hospitality and aviation sector are lamenting the loss of fortune in their business and seeking relief…
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EconomyBusinessNews
Build a solid macro-economic policy environment, protect local investments, strengthen intra-African trade—AERC
The African Economic Research Consortium (AERC) has urged African government to build a solid macro-economic policy environment, protect local investments and strengthen…
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The equities market opened the week bearish as the All-Share Index lost 127bps due to sell-offs in BUACEMENT (-5.0%), NESTLE (-6.6%) and AIRTELAF (-3.5%) to close at 24,109.65 points. Consequently, market…