Covid 19: Nigeria’s economy can’t stand extension of lockdown — Yusuf
—–Says economy will require up to 1yr to rebound COMFORT EKELEME Worried over the current state of the economy, Director General, Lagos Chamber of Commerce and Industry (LCCI) Muda Yusuf said that the...
View ArticleUnegbu tasks banks on management of post COVID-19 debts
…Mulls generous moratorium COMFORT EKELEME Managing Director, Maxifund Securities Limited, Mazi Okechukwu Unegbu has canvasses the need for banks in Nigeria to grant generous moratorium their...
View ArticleFMDQ admits United Capital, Sterling Bank commercial paper notes to its platform
COMFORT EKELEME FMDQ Exchange Limited (“FMDQ) has admitted the United Capital Plc ₦1.35billion Series 1 and ₦3.97billon Series 2 CP under its ₦20.00bn CP Issuance Programme and the Sterling Bank Plc...
View ArticleAkwa Ibom Reviews 2020 Budget
The Akwa Ibom Government has reviewed its 2020 budget downward in line with the current economic realities occasioned by the impact of the coronavirus pandemic ravaging the world. This was one of the...
View ArticleUnion Bank posts N6.2 billion PBT In Q1
COMFORT EKELEME Union Bank Plc said its Profit Before Tax (PBT) went up by 15 per cent to N2.6 billion as against the N5.2billion in the first quarter ended March 31, 2020. In its unaudited financial...
View ArticleAccess Bank alerts customers as fraud rises during Covid 19
COMFORT EKELEME Access Bank Plc, has called on its numerous customers to be vigilant in these uncertain times following the rise on incidents of fraud in the country. Since the outbreak of the...
View ArticleEcobank records $90m PBT on net revenues of $393 million in Q1
Ecobank said it has recorded significant increases in customer adoption rates on its digital/online channels across businesses. This is even as the bank maintained that adoption rates are expected to...
View ArticlePlot to derail NDDC’s forensic audit will fail- Director
The Niger Delta Development Commission, NDDC, says that the sponsored media attacks on the activities of the Interim Management Committee, IMC, are meant to derail the forensic audit ordered by...
View ArticleCovid-19: FCMB donates 1000 bags of 5Kg rice to Imo
First City Monument Bank (FCMB) Plc has joined the list of corporate entities that have made donations to support Imo State Government in providing palliatives to its citizens, following the outbreak...
View Article3,256 benefits from CBN N50bn COVID-19 credit facility
No fewer than 3,256 individuals and small businesses have so far benefited from the Central Bank of Nigeria’s (CBN) N50 billion Targeted Credit Facility (TCF) to cushion effects of COVID-19. The...
View ArticleCOVID-19 will end Nigeria’s dependent on oil–Okeke
COMFORT EKELEME As the Covid 19 pandemic continues to ravage economies of the world, Chief Executive Officer of Mascot Consult Limited Mr. Marcel Okeke has reviewed the impact of the virus on Nigerian...
View ArticleTranscorp Group CEO, Omogiafo unveils new strategic vision for conglomerate
.Posts a turnover of ₦76.35bn, profit before tax of N7.90bn Shareholders of Transnational Corporation of Nigeria Plc (Transcorp) have congratulated the Board and management for the resilient...
View ArticleNigeria’s post COVID-19 pandemic economy ‘ll be stronger —Osinbajo
Vice President Yemi Osinbajo has said that Nigeria will come out of the COVID-19 pandemic stronger. He said “we will get through this much stronger economically and much stronger as a people because...
View ArticleCBN, Bankers’ Committee halt lay-offs in banks
Central Bank of Nigeria (CBN) and the Bankers’ committee have sealed a deal that there will be no job loss in the banking industry in the country as a result of the ravaging COVID-19 pandemic. They...
View ArticleFirstBank sustains positive impact, welcomes back customers
COMFORT EKELEME FirstBank has expressed its appreciation to members of the public, especially its customers for the continued patronage of its services during the COVID 19 lockdown. The bank however,...
View ArticleCovid 19: Fidelity Bank reassures customers, staff of safety measures
Fidelity Bank has said it will continue to take measures that will ensure the safety of customers, staff and other stakeholders during the period of COVID-19. Chairman of the Bank, Mr Ernest Ebi, gave...
View ArticleAfter N2bn donation, Aliko Dangote Foundation engages 54gene Laboratory to...
The Aliko Dangote Foundation (ADF), a philanthropic endeavor of Aliko Dangote, has contracted 54Gene, a molecular diagnostics company specialized in research, and diagnostics, to immediately set up a...
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Obah: Nigerian who blazed the trail during lockdown
By OBAJI AKPET, Lagos The streets of Lagos, Nigeria’s economic capital were empty and quiet in a way never seen on a normal day. This followed the federal government’s enforcement of a lockdown to...
View ArticleBanks to witness low earnings over Coronavirus
The Nigerian economy, which had hitherto been fragile, has been badly hit by the impact of the lockdown resulting from the coronavirus outbreak. The outbreak of the coronavirus pandemic has caused...
View ArticleRepublic of Ireland emergies AfDB’s 81st shareholder
COMFORT EKELEME Ireland’s Strategy for Africa 2025 includes a commitment to collaborate with the critical financial institution on the continent. The Republic of Ireland has become the African...
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