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Nigeria’s Ballooning Debt: Don’t Panic, China is not the Devil. Many Nigerians are
SUNU Assurances Plc Profit Spikes 30% to ₦1.2 billion. SUNU Assurances Nigeria Plc. has announced a 30% increase in profit to N1.2 billion for the financial year 2019. The audited result shows that the company recorded N914 million profit in the 2018 financial year.
PFAs withdrawal, CRR Debits Tighten Financial System Liquidity
Analysts Downgrade JUMIA to Sell for Taking Profit on Irrational Exuberance. Analysts at Tellimer have downgraded Jumia, a leading African focused e-commerce giant to a sell after what the emerging market investment firm accused the firm from taking profit on irrational exuberance.
Pension: What happens if a PFA or PFC fails, liquidated? Without sound corporate governance, integrity contributory pension scheme would be a very risky venture. As such, retirement planning would be a disaster but the National Pension Commission.
Custodian Investment to Acquire Controlling Interest in UPDC. The Custodian Investment Plc has signed a binding agreement with UAC of Nigeria Plc to purchase 51% equity interest in UACN Property Development Company (UPDC) Plc.
Equities Investors Gain ₦37.8 bn as Stock Market Opens Positive. Equities investors gain ₦37.8 billion on Monday as the Nigerian Stock Exchange (NSE) opens on a positive note. Buying interest in BUACEMENT (+2.0%), GUARANTY (+1.6%) and FLOURMILL (+10.0%) buoyed the All-Share index 29 basis points (bps) to settle at 24,766.12 points.
SEPLAT: Oil & Gas Asset Depreciates as Low Oil Prices Hit Revenue. Seplat Plc, an independent oil and gas producer in Nigeria, had a rough ride in the first half of 2020 as Oil and Gas asset depreciate due to impacts of outbreak of coronavirus on global prices of oil assets.
Nigeria Records Total of 888 COVID-19 Deaths as Fresh Cases Rise. In Nigeria, numbers of infected people that have died climbed higher as coronavirus spreads its venom across the world.
Increased VAT Rate Lifts Revenue Collection 8.45% to ₦651.77 billion