Africa’s Coronavirus Cases Now Over 200,000, says WHO. The World Health Organisation (WHO) says confirmed Novel Coronavirus (COVID-19) cases in Africa now more than 200,000.

Unity Bank Returns to Profitability in 2019, Stays Positive in Q1. After protracted delay in releasing its audited scorecard, Unity Bank Plc on Wednesday declared gross earnings of N44.59 billion for the financial year ended Dec. 31, 2019.

Africa Development Bank Vice President Blanke Resigns. Dr Jennifer Blanke, the African Development Bank (AfDB), Vice President for Agriculture, Human and Social Development, has resigned her appointment.

NSE Depreciates ₦62.6bn as Large Cap Stocks Dominate Losers Chart. Bear returns pulled back the Nigerian Stock Exchange key indicators as profit taking reversed yesterday’s rally.

Staggering Demand for BUA Cement Bolsters Q1 2020 Earnings. BUA Cement Plc bolstered earnings performance on the back of 20% year on year growth in volumes, from 1.1 metric tons (MT) to 1.3 MT.

Investment: Are You Planning to Buy Treasury Bills? If you are risk averse, investing in Treasury Bills will match your profile. It is very unlikely to lose your investment. Meanwhile, the income from investing in T-Bills is tax free, so interest received is not subject to withholding tax.

Gains in BUACEMENT, DANSUGAR, UBA Strengthen Market Performance
The Nigerian Stock Exchange performance rose after the trading session yesterday due to capital appreciation in large cap stocks.

FSDH Bullish on Top Names in FMCG, Banking, Telecom Sectors. Analysts at FSDH is showing love to top names in the banking, FMCG and Telecommunication sectors in addition to United Africa Company of Nigeria (UACN) Plc in its top stocks pick.

Nigeria Fail to Comply With Oil Production Cut in May. Nigeria failed to fully comply with oil production cut as required by the Oil carter in an effort to stabilise global crude oil prices.

Africa’s COVID-19 Cases Rise to 187,800 amid Lockdown Easing. As the global economy is opening up gradually, numbers of coronavirus cases is expanding, Africa share is surging along with rising cases in developed economies.