International Monetary Fund IMF, Managing Director Ms Kristalina Georgieva has said that the Fund anticipate the worst economic fallout since the Great…
Business News Report
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FinanceEconomyNews
Coronavirus will cost sub-Saharan Africa $37bn to $79bn in output losses—World Bank
The rapidly-spreading coronavirus outbreak is expected to push sub-Saharan Africa into recession in 2020 for the first time in 25 years, the…
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Oil and GasNews
NNPC assures of availability of petroleum products at Easter as PPMC prepares to deploy automation App for marketers
The Nigerian National Petroleum Corporation (NNPC) has assured Nigerians of availability of sufficient petroleum products to guarantee hitch-free celebration of Easter. The…
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FinanceEconomyNews
Zenith introduces automated voice banking service, assures customers best-in-class at this time
Zenith Bank Plc, Nigeria’s leading financial institution, has introduced an automated voice banking service, an interactive voice response (IVR) solution which enables…
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The Federal Government has cut the 2020 budget by N318 billion and sent it to the National Assembly for approval. The government…
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The Standards Organisation of Nigeria (SON) is supporting the manufacturing and importation of essential materials to combat the challenges of COVID-19 through…
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The local bourse closed in the green as the All-Share Index rose 71bps to 21,073.26 points due to gains in WAPCO (+9.8%), DANGSUGAR (+9.6%) and ZENITH (+2.3%).…
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FinanceBusinessNews
Afreximbank income hits $1bn mark: 2019 Financial Results show strong performance
The African Export-Import Bank (Afreximbank) today in Cairo released its audited financial statements for the year ended 31 December 2019, showingstrong and…
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MaritimeEconomyNews
COVID-19: NIMASA presents ventilators, response vessels, ambulance to Lagos state
The Director General, of Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Bashir Jamoh has presented a number of medical equipment and…
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Today, the All-Share index gained 124bps to 20,925.19 points following bargain hunting in MTNN (+3.0%), ZENITH (+7.5%) and UBA (+9.0%). Accordingly, YTD return moderated to -22.0% while investors…
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International Monetary Fund IMF, has confirmed that Nigeria has asked for financial assistance from the multilateral institution to fight covid-19 under the…
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Bureau of Public Enterprises (BPE), Director General Mr. Alex A. Okoh has donated 300 bags of assorted food items to the less-privileged…
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FinanceBusinessEconomyNews
COVID – 19: FIRS offers palliative measures to cushion effects on taxpayers
The Federal Inland Revenue Service (FIRS), in its response to the impact of the Coronavirus on its operations, has launched business continuity…
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Oil and GasNews
COVID-19 Lockdown: NNPC commends tanker drivers for hitch-free distribution of products
The Nigerian National Petroleum Corporation (NNPC) has commended Petroleum Tanker Drivers (PTD) for their sacrifice ferrying petroleum products across the nook and…
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Saudi Arabia and Russia are “very, very close” to a deal on oil production cuts, Kirill Dmitriev, head of Russia’s sovereign wealth…