Browsing: News
FBNH reflates earnings as group completes balance sheet repair program
COVID-19: Chloroquine phosphate 250mg tablets is fake, NAFDAC warns. The National Agency for Food and Drug Administration and Control (NAFDAC) has warned that Astral pharmaceutical phosphate 250mg tablets with fake NAFDAC No: 028060 is fake.
FG seeks $3.5bn from IMF, AfDB to support 2020 budget
Banks to take sharp earnings haircuts as economy battles virus. Not as a result of lack of competitive strengths but banks are expected to take sizeable haircuts in earnings performance in 2020 earlier guided.
Nigerian Breweries goes to market to raise ₦48bn commercial paper. Amid rising cases of coronavirus, Nigerian Breweries Plc said its commercial papers will be opened for subscription on Monday as the company seeks to raise up to N48 billion.
Negative credit rating to pressure FG’s Eurobond plan as public debt hits ₦27.4trn. Experts have said that Eurobond issuance will be difficult due to recent Nigeria’s sovereign credit rating downgrade, and while at it public debt hits ₦27.4 trillion.
Oil price: OPEC+ ministers to talk via Video on Monday. In an attempt to stabilize global prices of oil, the Organisation of Petroleum Exporting Countries (OPEC) minister will engage via video conference on Monday.
Banking sector non-performing loans drop by 41% in 2019. The banking sector assets quality improved significantly in 2019 as non-performing loans (NPL) ratio nosedived by 41%.
AfDB approves $2m to assist WHO reinforces capacity against COVID-19. The Board of Directors of the African Development Bank (AfDB), has approved $2 million emergency assistance for the World Health Organisation (WHO), to reinforce its capacity to help African countries contain COVID-19 pandemic.
Contribution to COVID-19 relief fund hits ₦15 billion, says CBN. The Central Bank of Nigeria (CBN) on Wednesday said that monetary contributions to its relief fund under the auspices of Private Sector Coalition Against COVID-19 (CACOVID) stood at ₦15 billion.