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    CBN Supports Federal Government with ₦6.3 trillion in 5 Years

    Julius AlagbeJuly 16, 20200

    CBN Supports Federal Government with ₦6.3 trillion in 5 Years. The Central Bank of Nigeria (CBN) has been noted to have supported the federal government with total sum of ₦6.3 trillion in the last five years.

    Oil Prices Ease as OPEC, Allies Agree to Scale Back Production Cut

    Marketforces AfricaJuly 16, 20200

    Oil Prices Ease as OPEC, Allies Agree to Scale Back Production Cut. Oil prices eased on Thursday after the Organisation for Petroleum Exporting Countries (OPEC) and allies, such as Russia, agreed to taper record supply curbs from August.

    643 new cases lift Nigeria’s COVID-19 total infections to 34,259

    Marketforces AfricaJuly 16, 20200

    643 new cases lift Nigeria’s COVID-19 total infections to 34,259. The Nigeria Centre for Disease Control (NCDC) has announced 643 new COVID-19 cases in the country as total infections from the virus rise to 34,259. The NCDC disclosed this on its official twitter handle on Wednesday.

    MTN Nigeria to Run Limited Trial of e-sim Technology

    Marketforces AfricaJuly 16, 20200

    MTN Nigeria to Run Limited Trial of e-sim Technology. MTN Nigeria has said it will start to run limited e-SIM technology on its platform, which the company says it is first of its kind in West Africa.

    Bargain Hunting Increases NSE Market Cap, Investors Gain ₦8.2bn

    Marketforces AfricaJuly 15, 20200

    Bargain Hunting Increases NSE Market Cap, Investors Gain ₦8.2bn. Bargain hunting lifted the Nigerian Stock Exchange market capitalisation as investors’ fortunes rise by ₦8.2 billion on Wednesday.

    FirstBank: Empowering Staff; Driving Productivity against the Odds

    Marketforces AfricaJuly 15, 20200

    FirstBank: Empowering Staff; Driving Productivity against the Odds

    Experts Estimate 39.2% Public Debt to GDP as Fiscal Deficit Rises

    Marketforces AfricaJuly 15, 20200

    Experts Estimate 39.2% Public Debt to GDP as Fiscal Deficit Rises. Nigeria’s federal fiscal deficit will widen from 4.2% of GDP in 2019 to 5.3% in 2020 before moderating slightly to 5.1% in 2021.

    21 Questions on Pension You Should Be Able to Answer

    Marketforces AfricaJuly 15, 20200

    21 Questions on Pension You Should Be Able to Answer. What is the Contributory Pension Scheme? Contributory Pension Scheme (CPS) is an arrangement where both the employer and the employee

    FirstBank rewards its Verve Card holders with free fuel

    Marketforces AfricaJuly 15, 20200

    FirstBank rewards its Verve Card holders with free fuel. First Bank of Nigeria Limited said that its customers using Verve Cards had begun to enjoy extra five (5) litres of fuel for every N3,000 fuel purchased using the card at specified periods.

    Banks Debtors in Trouble as CBN Activates Inter-bank Debits

    Julius AlagbeJuly 14, 20200

    Banks Debtors in Trouble as CBN Activates Inter-bank Debits. Guidelines will improve repayments, reduce NPL ratios, serve as credit profiling tool and improve private sector credit

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