S&P Global affirms AfDB’s AAA rating with stable outlook. S&P Global, a rating agency has affirmed its ‘AAA/A-1+’ long- and short-term issuer credit assessment of the African Development Bank (AfDB) with a stable outlook.

Chapel Hill Denham Forecasts Tighter Liquidity as NSE Opens Negative. In the Nigerian Stock Exchange, Trading activities commenced the week on a negative note, sustaining the bearish run from last week.

FBN General Insurance assets grow 17 per cent in 2019 FBN General Insurance Limited says it achieved 17 per cent…

Nigeria’s Balance of Payment Plunged to Deficit in Q1. The Nigeria’s balance of payment (BoP) has slipped to $11.18 billion deficit in the first quarter of 2020 according to data released by the apex bank.

Unity Bank, Dynamiss partner to boost e-learning in Nigeria. Unity Bank Plc. has partnered Dynamiss to enable schools acquire robust learning management system at affordable rates.

Dangote cement sustains 54,000 jobs in 4 African countries. Aliko Dangote, President at Dangote Group has said that despite the challenging economic situation in 2019, Dangote Cement was able to sustain 54,000 jobs in four African countries, where the company has its operations. The countries are Nigeria, Ethiopia, Senegal and South Africa.

LDR, CRR: CBN Limits Banks Liquidity to Manage FX Pressure. Analysts have explained that the Central Bank of Nigeria (CBN) policies is putting banks on tight corner follow serial debits for failure to meet loans to deposits ratio target.

FBNHoldings wins World Finance Best Corporate Governance in Nigeria Award. Nigeria’s leading financial services group and holding company, FBN Holdings Plc, has won the 2020 Best Corporate Governance in Nigeria Award by the World Finance.

Access Bank to Charge Customers for Accrued Stamp Duty. Access Bank Plc said it will need its customers accumulated stamp duty on transactions value at #10,000 and above between February 1 and April 30.

COVID-19 Infection Hits 19,808 as NCDC records 667 New Cases