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Sunday, January 17, 2021
Contributions to COVID-19 relief fund now ₦25.8 billion - CBN
Sell-offs in blue chips knock off ₦104.2bn in stock market. The Nigerian Stock Exchange closed in red with investors’ fortune washed off in billions as coronavirus cases keeps running riot.
Sell-Offs in pricey stocks drag market performance as investors lose ₦161.3bn
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.
Contribution to COVID-19 relief fund hits ₦15 billion, says CBN. The Central Bank of Nigeria (CBN) on Wednesday said that monetary contributions to its relief fund under the auspices of Private Sector Coalition Against COVID-19 (CACOVID) stood at ₦15 billion.
Equities market gains ₦258.5 billion amid lockdown extension
Contributions to COVID-19 relief fund now ₦27.160 billion – CBN
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.
Four Tier-1 Banks to increase loan books by ₦1.2 trn in 90 days. Despite the fact that they have big sizes, four banks in Tier 1 class failed to convert 60% of their deposits as loans and advances to customers, the first quarter 2019 results have shown.
Nigeria: Six companies accounts for 67% of equities market capitalisation