Browsing: Uncategorized

COVID-19: NCDC reports 454 new cases of infection. The Nigeria Centre for Disease Control (NCDC) has reported 454 new cases of Coronavirus (COVID-19) in the country.

60% of 10.3m global COVID-19 infections reported in June — WHO. Covid-19 pandemic war is far from being over given the latest data on infection rate provided the by the World Health Organisation (WHO).

African Banks are small but Profitable – The Banker. African banks are small in world terms but they punch above their weight in profits, according to The Banker’s latest ranking of the Top 1000 World Banks.

Oil prices climb on improve demand in United States. Oil prices rose on Wednesday after an industry report showed crude stockpiles in the United States staged a bigger drop than expected, suggesting demand is improving even as the coronavirus outbreak spreads around the world.

FMN Struggles to Find Value as Rising Costs Squeeze Earnings. Flour Mills of Nigeria (FMN) Plc, the largest food and agro-allied company listed on the Nigerian Stock Exchange could be bought for ₦80.162 billion.

SEC Lists iBSmartify Nigeria as Ponzi Scheme, Warns Citizens. The Securities and Exchange Commission, (SEC) has warned Nigerians against the activities of iBSmartify Nigeria, saying that neither the entity nor the illegal products they offer are registered or regulated by the commission.

Economic Sustainability Plan: Grand Ambitions, Weak Capacity – Afrinvest. A leading investment banking firm, Afrinvest has explained why the Nigeria’s Economic Sustainability Plan remains a grand ambition amidst weak capacity to deliver.

COVID-19 Infections Increased to 23,298 as NCDC records 684 New Cases. Nigeria Centre for Disease Control has recorded 684 new cases of COVID-19, bringing the total number of infections in the country to 23, 298.

“Growth to Remain Stagnant if Nigeria Continues to Prioritise FX Stability”. Patrick Curran, a Senior Economist at Tellimer, an emerging market focus investment firm has said Nigeria is muddling through the new normal.

FrieslandCampina WAMCO Grows Revenues, Pays ₦9.49 Dividend in 2019. FrieslandCampina WAMCO Nigeria, producers of Peak and Three Crowns Milk, has announced a turnover of ₦161.83 billion for the financial year 2019.