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Economy

Latest Economy News

CACOVID relief fund hits N21.5bn — CBN

The Nigeria Private Sector Coalition Against COVID-19 (CACOVID) has so far realsied

Dangote Cement woos Investors with N100 billion issue

Dangote Cement Plc, Africa’s leading cement manufacturer, is seeking to raise up

COVID-19: FG provides N102bn Intervention in Healthcare Sector — Minister

The Federal Government has provided N102.5 billion in resources for direct interventions

Buhari Approves Withdrawal of $150m From Sovereign Wealth Fund

President Muhammadu Buhari has approved the withdrawal of $150m from the Sovereign

CIBN holds virtual AGM, elects Olugbemi 21st President

The Chartered Institute of Bankers of Nigeria (CIBN) has elected Prof. Bayo Olugbemi

Kwara Communities Groan Over Prolonged Power Outage

Many communities in Kwara South Senatorial District have been thrown into prolonged

AfDB approves $1.5 million emergency grant to curb desert locusts ravaging East and Horn of Africa

The Board of Directors of the African Development Bank (www.AfDB.org) on Wednesday

COVID-19: FCMB Group gets CAC nod for 2019 AGM by Proxies

FCMB Group Plc has obtained the approval of the Corporate Affairs Commission

CIBN donates N20m to Lagos State to combat COVID-19

The Chartered Institute of Bankers of Nigeria (CIBN) has donated N20 million

NSE resumes April trading with 0.94% Loss

Activities opened for the month of April on Wednesday still on a

COVID-19: MAN tasks Governors on Smooth Movement of Essential Items

The Manufacturers Association of Nigeria (MAN) has appealed to state governors to

NSE: Indices drop further by 0.14%

The Nigerian Stock Exchange (NSE) market indicators on Tuesday recorded further depreciation,

COVID-19: FirstBank donates N1bn, reiterates commitment to safety of Nigerians

First Bank of Nigeria Limited has announced the donation of N1 billion

Operations continue at the Ports — NPA

Nigerian Ports Authority (NPA) on Monday said that operations would continue at

COVID-19: Buhari gives directive on protection of salaries, pensions

President Muhammadu Buhari has given directive for the protection of staff salaries,

Naira Falls To N410 Per US Dollar on Parallel Market

Nigeria's local currency, the Naira, depreciated to N410 to the US dollar

CORONAVIRUS: CBN Suspends Forex Sales To BDC Operators

The Central Bank of Nigeria (CBN) has temporarily suspended foreign exchange sales

Shareholders applaud GTBank’s decision to hold AGM by proxy

Shareholders of Guaranty Trust Bank (GTBank) Plc. on Thursday lauded the bank’s

COVID-19: UBA Provides N5bn To Relief Support Across Africa

The United Bank for Africa Plc (UBA) has revealed that it will

Nasarawa Assembly Directs Completion of 2018 Abandoned Schools Projects Within 2 Weeks

Nasarawa State House of Assembly ad-hoc Committee investigating the N1billion abandoned secondary

NSE returns to Negative Posture, Indices Down by 0.05%

Trading on the Nigerian equity market returned to negative territory on Wednesday

Naira Hits New Low at N395 per US Dollar on Black Market

The Nigerian Naira fell to a new low on the black market

We borrow constructively in Lagos – Hamzat speaks out

A state can “borrow constructively” in order to bridge its infrastructure deficit,

BUA Group Acquires Majority Interests in Construction & Mining Giants

BUA Group, one of Africa’s largest infrastructure companies has announced its acquisition

Cybercrime, E-fraud, Major Challenges Facing Telecommunication Users — NCC

The Nigerian Communications Commission (NCC), has attributed cybercrime and e-fraud as one

NYSC members laud FG on Agricultural Training

Some members of the National Youth Service Corps (NYSC) have lauded the

NSE Trading returns to Negative Territory, Down 3.12%

The Nigerian equities market returned to negative territory on Thursday with the

SMEDAN wants synergy for MSMEs Sustainability

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) says greater

EKEDC blames Blackout in Yaba, Environs, on Railway Construction Work

Eko Electricity Distribution Company (EKEDC) says some of its customers have been

Coronavirus: FG to cut 2020 budget by N1.5trn, suspend recruitment

The federal government has proposed to cut the 2020 budget size by