'FX Scarcity, Supply Chain Disruption Support Rising Inflation'. Analysts have explained the trend behind rising headline inflation rate to include scarcity of foreign exchange, disruption in supply chain among other reasons.
“Fiscal conditions in Nigeria’s States under water, as only three states meet payroll expenses with IGR”
Sterling Bank offers Customers Opportunity to Earn Passive Income. In its newly introduced One Partner Programme, Sterling Bank says its customers that referrals its products can would be compensated for the effort. Sterling Bank Plc said the programme would allow customers the benefit of enjoying passive monthly income.
All Shares Index Down 17bps as investors lose N32.9 billion
New FAAN MD meets airline operators, seeks support
SEC generates N194.48million from penalties The Securities and Exchange Commission, SEC, has said it generated N194.48 million from penalties in 2019. Mary Uduk, SEC Acting Director-General, said this in the commission’s 2020 outlook and prioritized initiatives obtained in Lagos on Sunday, February 23. Uduk stated that the commission’s enforcement efforts in 2019...
Large bucket of Sub-Saharan African (SSA) currencies were broadly depreciated against United States dollar
IFC Supports FCMB to Finance SMEs Facing COVID-19 Related Challenges. IFC, a member of the World Bank Group, today announced a $50 million loan to Nigeria’s First City Monument Bank (FCMB) Limited to help it expand lending to small and medium enterprises (SMEs) so they can sustain business activities disrupted by the COVID-19 pandemic.