- Naira Rallies Against USD, EUR, GBP – Gains 8% Year-to-Date
- Central Bank Reduces Interest Rate to 23%
- Nigerian Exchange Gains N297bn as Banking Index Drives Momentum
- Pi Network Climbs on Onboarding Progress, Protocol Upgrade
- Nearly 60% of US Adults Can’t Cover a $1K Emergency Expense – Report
- CBN Cuts Interest Rate by 3.50% as Monetary Easing Begins
- NVIDIA Tokenised bStocks Rises on Holders’ 5x Leverage Boosts Bets
- Chief Economists Expect Global Economy to Stabilise
Author: Marketforces Africa
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COVID-19: Chloroquine phosphate 250mg tablets is fake, NAFDAC warns. The National Agency for Food and Drug Administration and Control (NAFDAC) has warned that Astral pharmaceutical phosphate 250mg tablets with fake NAFDAC No: 028060 is fake.
FG seeks $3.5bn from IMF, AfDB to support 2020 budget
The pandemic is no time for fiscal distancing. These are very difficult days, as the world faces one of its worst challenges ever: the novel coronavirus pandemic.
Banks to take sharp earnings haircuts as economy battles virus. Not as a result of lack of competitive strengths but banks are expected to take sizeable haircuts in earnings performance in 2020 earlier guided.
Nigerian Breweries goes to market to raise ₦48bn commercial paper. Amid rising cases of coronavirus, Nigerian Breweries Plc said its commercial papers will be opened for subscription on Monday as the company seeks to raise up to N48 billion.
Negative credit rating to pressure FG’s Eurobond plan as public debt hits ₦27.4trn. Experts have said that Eurobond issuance will be difficult due to recent Nigeria’s sovereign credit rating downgrade, and while at it public debt hits ₦27.4 trillion.
Oil price: OPEC+ ministers to talk via Video on Monday. In an attempt to stabilize global prices of oil, the Organisation of Petroleum Exporting Countries (OPEC) minister will engage via video conference on Monday.
Banking sector non-performing loans drop by 41% in 2019. The banking sector assets quality improved significantly in 2019 as non-performing loans (NPL) ratio nosedived by 41%.
Tips on how to communicate, make presentations like Managers. In communication and everything attached to it, there is no second chance to make first impression.
AfDB approves $2m to assist WHO reinforces capacity against COVID-19. The Board of Directors of the African Development Bank (AfDB), has approved $2 million emergency assistance for the World Health Organisation (WHO), to reinforce its capacity to help African countries contain COVID-19 pandemic.