Single Currency: ECOWAS Heads of State to meet for Discussion. Heads of State of the Economic Community of West African States (ECOWAS) are set to meet to discuss issues bordering on the adoption of the single currency – the Eco – for the sub-region.

NASCON: Steep Rise in Finance Cost Dwarf Shareholders Returns. Equity analysts’ have set ₦13.60 price target for NASCON Allied Industries (NASCON), a member of the indigenous conglomerate, Dangote Industries Limited for 2020.

FEC Approves ₦2.3trn to Address COVID-19 Damages on Economy. The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved ₦2.3 trillion stimulus package to support the economy.

Tight Liquidity Elevates Interbank Rates, T-Bills Unchanged. Amidst tightened liquidity in the money market, interbank funding rates remained elevated. Analysts explained that rates were largely elevated within double digits following liquidity tightening.

Profit Takings Wipes Off ₦49.6 Billion from Stock Market. The Nigerian Stock Exchange (NSE) traded southwards for the third consecutive day this week, as investors continue to take profit.

CBN Rationalises Policies to Prevent Imminent Recession. The Central Bank of Nigeria has come out to defend its unorthodox policies, said it will not be deterred in its efforts to steer the economy away from looming recession.

World Bank approves $750m power sector recovery operation for Nigeria. The World Bank has approved a 750 million dollars International Development Association (IDA) credit for Nigeria’s Power Sector Recovery Operation (PSRO) to improve electricity supply.

Access Bank Launches Digital Lending Platform for SMEs. Access Bank Plc has unveiled a digital lending portal where small and medium scale enterprises can access loan using their devices.

Nestlé NG: Most Profitable Consumers Goods Leader Sets for Bumper Harvest. Amidst bumps and bruises in the economy, Nestlé Foods Nigeria Plc is leading competition to finding value for its shareholders.

Fixed Income Investors Stay Bullish on Government Securities. In the fixed income market, sentiments were broadly bullish on Tuesday, despite persistent funding pressures in the interbank market.