AfDB board authorises independent body to review ethics committee report. The Bureau of the Boards of Governors of the African Development Bank (AfDB) has authorised an independent review of the report of ethics committee of the boards of the Directors and submission made by Dr. Akinwumi Adesina, President of the bank.
Analysts Downgrade Dangote Sugar to Hold, Cite Pressure on Margin. In the first quarter (Q1) of 2020, Dangote Sugar Refinery Plc (DANGSUGAR) recorded an improved sales across regions. At the current price of ₦15 to a share, DANGSUGAR’s market capitalisation, the amount investors placed ₦180 billion on the company yesterday.
Nigeria records 350 new cases of COVID-19, totaling 11,516. The Nigeria Centre for Disease Control announced on Thursday that it recorded 350 new confirmed cases of COVID-19, bringing the total number in the country to 11,516.
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Jaiz Bank Bolsters Performance as Profit Spikes 193% to ₦2.4Bn. Jaiz bank Plc, a premier non-interest banking financial service operator has revved up its performance, and raised the bottom line.
Sterling Bank ‘Doubble’ Offers Investors 100% Returns – Official. Sterling Bank Plc says it’s offering a safe option for investments in its Doubble.Ng product to discerning investors seeking double-digit investment income.
Profit Taking Plunged Domestic Equities Market by ₦50 Billion. The Nigerian Stock Exchange (NSE) market indicators succumbed to profit taking on Thursday, dropping by 0.38 per cent.
Ex-Diamond Bank CEO Launches Digital Banking Startup. Following his exit from the commercial banking space, the former Chief Executive Officer at the defunct Diamond Bank Plc, Uzoma Dozie has launched Sparkle – a digital banking startup.
WHO to Resume Trial of Hydroxychloroquine on COVID-19. The World Health Organisation (WHO) says it will resume its trial of Hydroxychloroquine for the treatment of coronavirus (COVID-19) patients.
Goldman Sachs Establishes Fund for Racial Equity. Goldman Sachs today announced it has created the Goldman Sachs Fund for Racial Equity. It said the fund objective is to support the vital work of leading organizations addressing racial injustice, structural inequity and economic disparity.