Deregulation: It is unrealistic to continue subsidy – FG The Federal Government of Nigeria has said that it is unrealistic to continue with Petroleum Motor Spirit subsidy. Chief…

May & Baker: Equity Analysts Upgrade Stock on COVID-19 Advantage. May & Baker Nigeria (M&B Plc) was the first pharmaceutical firm to set up an anti-retroviral plant in Nigeria and the first to initiate local vaccine production.

Investors gain as NSE indicators rise further by 0.75%. Activities on the Nigerian Stock Exchange (NSE) on Wednesday extended gaining streak, with indices rising by 0.75 per cent on renewed investors’ interest.

FMDQ Securities Exchange posts ₦11.78 trillion turnover in May. FMDQ Securities Exchange has posted a turnover of ₦11.78 trillion in fixed income and currency (FIC) markets in May, 2020.

AMCON Takes Over Deap Capital Management & Trust Limited. The Asset Management Corporation, AMCON, has taken over the Deap Capital Management and Trust over an unpaid N1.6 billion debt.

Federal Tax Authority Extends Debt Payment to August .The Federal Inland Revenue Service

Startups, SMEs Loans: DBN Rolls Out Contacts for Applications. The Development Bank of Nigeria (DBN) is one of the easiest way for your business to re-integrate after COVID-19 disruption.

‘Economic, Regulatory Pressures to Suppress Banks Q2 Earnings by 8%’. Amidst concern for economic recession which has generally clouded earnings outlook for 2020, analysts have estimated 8% cuts in banks second quarter earnings.

FirstBank Upgrades Mobile Banking App for Stronger Customers’ Experience. First Bank of Nigeria Limited has announced that its mobile banking application, FirstMobile has been upgraded with new and improved features to promote safe and convenient mobile banking experience for customers.

CBN’s Lending to Deposit Money Banks Hits 2020 High. Reflecting the Central Bank of Nigeria’s hawkish liquidity bias, Standing Lending Facility (SLF) position of deposit money banks (DMBs) hits 2020 high today at ₦350 billion.