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Goldman Sachs Establishes Fund for Racial Equity. Goldman Sachs today announced it has created the Goldman Sachs Fund for Racial Equity. It said the fund objective is to support the vital work of leading organizations addressing racial injustice, structural inequity and economic disparity.
Nigerian Banks Will Not Remain Resilient in Performance – FSDH. FSDH Merchant Bank has stated that it expects aftermath of COVID-19 economic slowdown to weigh on Nigerian Banks.
Afreximbank, ITC Partner to Enhance Businesses in Africa.The African Import-Export Bank (Afreximbank), says it is collaborating with International Trade Centre (ITC), to help businesses make the most of the African Continental Free Trade Area.
UPDC Lists ₦16 Billion Rights Issue On Nigerian Stock Exchange. UACN Property Development Company (UPDC) Plc on Tuesday, listed ₦16 billion rights issue of 15.96 billion ordinary shares at ₦1 per share on the Nigerian Stock Exchange (NSE).
Lagos Licenses 184 Mini-Micro Money Lenders. The Lagos State Government says it has licensed 184 money lenders to enhance money lending activities in the state.
FirstBank Leverage Technology to Promote Virtual Bank Account Opening For Customers. First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced that it has reinforced its technology infrastructure to enable anyone in the country
FBN Holdings completes sale of Insurance to Sanlam. FBN Holdings (FBNH) Plc and Sanlam Emerging Markets (Proprietary) Ltd (Sanlam) have announced the completion of the sale and transfer of FBNH’s 65% shareholding in FBN Insurance (FBNI) to Sanlam.
Ghana’s External Deficits Account Estimated to 4.4% of GDP. In the Sub-Saharan African (SSA), Ghana has been noted to have low external financing risk, though virus induced pressure is estimated to widen the country’s external deficit. The Institute of International Finance (IIF) in a report noted that the country financing risk is relatively low compare with Nigeria, Zambia others.
NCDC records 416 new cases of COVID-19, total infections hit 10,578. The Nigeria Centre for Disease Control (NCDC) on Monday recorded 416 new cases of the Coronavirus (COVID-19) in the country, bringing the total number of infections in Nigeria to 10,578.
NSE Index appreciates by 0.19% to open the week positive. The Nigerian Stock Exchange resumed the week positive as the All-Share Index rose 21 basis points (bps). All Share Index to close at 25,316.15 points following buying interest in GUARANTY (+2.3%), DANGSUGAR (+9.7%) and BUACEMENT (+0.7%).