NNPC Sets Crude Oil Production Cost of $10 Per Barrel. The Nigerian National Petroleum Corporation (NNPC) says it has set crude oil production of $10 per barrel for 2021. The Group Managing Director, Malam Melem Kyari, made the disclosure when he featured as a guest on a live Television programme on Thursday.

Weak Revenue Profile: Analysts Predict Bailouts for States. There is an indication that some states would need Federal Government bailouts to survive, finance 2020 budget due to reduced revenue generation. Economic activities have slowed down significantly, thus limit ability for state governments to raise earnings. 

CBN Quarantines ₦2.3 Trillion from Banks’ Deposits in 9 Months. The Banking Sector ability to create credits is threaten follows a humongous amounts that the apex bank sterlised from operators deposits periodically.

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.