The Economic Commission for Africa (ECA), African Development Bank (AfDB) and African Union Commission (AUC) on Friday inaugurated the second Africa Regional Integration Index (ARII 2019). The index comes with a call to action, for economies on the continent to deepen their integration.

The shareholders of the Central Securities Clearing System (CSCS) Plc has approved total dividend of ₦4.3 billion declared by the board for 2019. The shareholders gave the approval at the company’s virtual 26th Annual General Meeting (AGM) by proxy, held at the Nigerian Stock Exchange (NSE) on Friday.

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In line with analysts’ projections, the nation’s reported an increase in general (average) price level for April. The National Bureau of Statistics (NBS) says the Consumer Price Index (CPI), which measures inflation, increased by 12.34 percent in April 2020.

Jaiz Bank Plc, the premier non-interest bank in Nigeria has resumed selling of foreign exchange to operators of Small and Middle Enterprises (SMEs) to open up businesses and boost the nation’s economy amidst Covid-19 pandemic.

In general, the recent devaluation of Naira has a rub off effects on lender’s capital, at least by 18%. Wema Bank stock market worth in dollar term pitched at USD$61.111 billion. The Central Bank of Nigeria in what it termed technical adjustment raised official foreign exchange rate from ₦305 to ₦360.

Fidelity Bank: Analysts lower lender’s estimate on assets quality concern. Fidelity Bank is facing steep cost pressure that is diluting lender’s margin, though analysts recognised that growth in earnings asset drove top line performance in the first quarter of 2020.

BUA Cement bolsters revenue amidst tough operating environment. BUA Cement, Nigeria’s second largest cement company, has recorded a 47.5% increase in revenues from ₦119.01 billion to ₦175.52 billion, its audited financial statement for 2019 has shown.

NSE remains upbeat as investors fortune grows by ₦130 billion. Investors remain largely positive on the Nigerian Stock Exchange (NSE) on Wednesday, with the market capitalisation up by ₦130 billion.