Brent Crude Drops to $40.19 as COVID-19 Cases Rise. Oil prices slid for a second straight session on Monday as coronavirus cases rose in the United States and other places, leading some countries to resume partial lockdowns that could hurt fuel demand.

Deregulation: We no longer fix price of petrol – PPPRA

The Petroleum Products Pricing Regulatory Agency (PPPRA) says it is no longer fixing the pump price of Premium Motor Spirit (PMS) also known as petrol for marketers.

PPRA Executive Secretary, Mr Saidu Abdulkadir, stated this in a statement in Abuja, on Sunday.

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.

FirstBank Empowers Women through FirstGem Online Community. First Bank of Nigeria Limited has announced that its all-female online community www.firstgem.com.ng , offers mentoring, support and capacity building opportunities for all to create a new generation of financially literate women.

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.

Naira Trades Strong despite Marginal Decline in Oil Prices. The Nigeria’s local currency, naira, stands strong and stable amid decline in global prices of oil. In the week, oil prices dropped due to weak demand and partial supply glut with inventory rising speedily.

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.

FirstBank Upgrades Mobile Banking Application. First Bank of Nigeria Limited has upgraded its mobile banking application, FirstMobile, with new and improved features to promote safe and convenient Mobile Banking experience for customers.

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.

FCMB Group to Acquire 96 Percent of AIICO Pensions. FCMB Group  and AIICO Insurance have notified the Nigerian Stock Exchange (NSE) and the investing public of discussions for sale of 96% stake of AIICO Pensions Managers to FCMB Pensions