Stock market cap declines ₦2bn as investors’ sentiment fade. Weak investors sentiment has necessitated sell-offs that knocked off ₦2 billion from the Nigerian Stock Exchange. This pushed the stock market capitalisation down to ₦12.9 trillion on Tuesday. The benchmark All Share Index declined 2 basis point (bps) to close at 24,750.06 points.

Sterling Bank offers Customers Opportunity to Earn Passive Income. In its newly introduced One Partner Programme, Sterling Bank says its customers that referrals its products can would be compensated for the effort. Sterling Bank Plc said the programme would allow customers the benefit of enjoying passive monthly income.

CBN Debits Banks Ahead of FX Auction for Third Time in 2020. The Central Bank of Nigeria (CBN) has debited 26 banks a total of ₦216.1 billion, attributed to the CRR (Cash Reserve Ratio) compliance requirement.

S&P Global affirms AfDB’s AAA rating with stable outlook. S&P Global, a rating agency has affirmed its ‘AAA/A-1+’ long- and short-term issuer credit assessment of the African Development Bank (AfDB) with a stable outlook.

Chapel Hill Denham Forecasts Tighter Liquidity as NSE Opens Negative. In the Nigerian Stock Exchange, Trading activities commenced the week on a negative note, sustaining the bearish run from last week.

FBN General Insurance assets grow 17 per cent in 2019 FBN General Insurance Limited says it achieved 17 per cent…

Nigeria’s Balance of Payment Plunged to Deficit in Q1. The Nigeria’s balance of payment (BoP) has slipped to $11.18 billion deficit in the first quarter of 2020 according to data released by the apex bank.

Unity Bank, Dynamiss partner to boost e-learning in Nigeria. Unity Bank Plc. has partnered Dynamiss to enable schools acquire robust learning management system at affordable rates.

Dangote cement sustains 54,000 jobs in 4 African countries. Aliko Dangote, President at Dangote Group has said that despite the challenging economic situation in 2019, Dangote Cement was able to sustain 54,000 jobs in four African countries, where the company has its operations. The countries are Nigeria, Ethiopia, Senegal and South Africa.

LDR, CRR: CBN Limits Banks Liquidity to Manage FX Pressure. Analysts have explained that the Central Bank of Nigeria (CBN) policies is putting banks on tight corner follow serial debits for failure to meet loans to deposits ratio target.