Month: March 2020

Stock market records 20.65% negative return in first quarter

Lockdown: Prudential Zenith Life Insurance introduces new services to help customers. Prudential Zenith Life Insurance says it has introduced range of services to help its customers cope with the lockdown.

COVID 19: FBN donates ₦1 billion, reiterates commitment to safety of Nigerians. FirstBank has announced its donation of the sum of N1 billion towards the joint effort by the Nigerian Private Sector Coalition against COVID-19 to rapidly expand the health facilities.

COVID-19: Banks stop clearing cheques on CBN directive

CBN, Banks, NIBBS others open for business during COVID-19 Lockdown. The Central Bank of Nigeria (CBN) says the apex bank and other financial institutions will open for business in spite the two weeks lockdown declared by President Muhammadu Buhari in Abuja, Lagos and Ogun states.

Equity market cap drops to ₦11.11 trillion amidst COVID-19 fear. Today, the domestic equities market declined 243bps to 21,330.79 points following sell-offs in MTNN (-10.0%), ZENITH (-5.2%) and GUARANTY (-3.0%).

COVID-19: Economist Tasks FG on price control, says this is bad time to print money. Due to rising cases of coronavirus and activities lockdown, an economist has said that Federal Government, FG, shoulder consider price control measure to reduce burden on the citizens.

Coronavirus – Fact Check: COVID-19 is NOT airborne. The World Health Organisation (WHO) has stated that the virus that causes COVID-19 is mainly transmitted through droplets generated when an infected person coughs, sneezes, or speaks.

COVID-19: NCDC to increase testing laboratories, says Rapid Diagnostic Test Kit not validated. The Nigeria Centre for Disease Control (NCDC) says it will expand its testing capacity for COVID-19 from six laboratories to 13 in the next three weeks.

COVID-19: Solidarity Trial to Compare Drugs Combination Starts in Two Countries – WHO. The World Health Organisation (WHO) said there are now more than half a million confirmed cases of COVID-19 and 23,495 deaths.