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    Monthly Archives: April, 2020

    It’s double whammy for Nigerian banks as virus, oil collapse add to woes

    Virus Adds to Woes of Nigerian Banks Beset by Oil’s Collapse By Emele Onu Fallout from crashing oil prices risks surpassing that of 2014 Some lenders may...

    With 31% Operating Costs, Access Bank Plans Staff Salaries Cut to Avoid Job Losses

    By Emele Onu Access Bank Plc plans to cut salaries to avoid job losses as a lockdown to contain the coronavirus hampers the operations of...

    COVID-19: Private sector donations hit N27.160bn — CBN

    The Nigeria Private Sector Coalition Against COVID-19 (CACOVID) has so far realised about N27.160 billion to help fight the coronavirus pandemic. The update of the...

    FCMB approves cash dividend of 14 kobo per ordinary share worth N2.77 billion to shareholders

    Shareholders of FCMB have applauded the financial institution for its "resilience, dynamism and impressive performance" recorded last year despite the challenging operating environment. The shareholders,...

    Seplat Petroleum posts $105.8mn loss in Q1 2020

    Nigerian oil and gas company Seplat Petroleum has reported a loss of US$ 105.8mn in its unaudited Q1’20 result The loss was mainly driven by...

    Nigeria vow to implement Unified, Flexible Exchange Rate in letter to IMF

    Officials wrote in letter to IMF before $3.4 billion funding Central bank to intervene only to smooth large currency moves Nigeria has vowed to seek a...

    Zenith Bank announce unaudited results, Q1’20 with PBT up 3% to N58.7 billion.

    Zenith Bank Plc has announced its unaudited results for the first quarter ended March 31, 2020, with profit before tax rising by 3 per...

    Uzodimma Appoints Justice Njoku Acting President, Customary Court of Appeal of Imo State

    Governor Hope Uzodimma of Imo State has appointed Hon. Justice Matthew Emeka Njoku as the Acting President of the Customary Court of Appeal of...

    Nigeria expected to use IMF’s $3.4 bn loan to Support Health Care Sector, Protect Jobs and Businesses – Mati

    In a conversation with IMF Country Focus, the IMF’s mission chief for Nigeria, Amine Mati, described the economic situation confronting Nigeria, and how the...

    Nigeria expected to repay $3.4 bln loan in 5 years with one tenth of current risk premiums on sovereign bond, IMF’s Mati says

    In a conversation with IMF Country Focus, the IMF’s mission chief for Nigeria, Amine Mati, described the economic situation confronting Nigeria, and how the...

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