NSE Extends Financial Statements’ Deadline by 60days
The Nigerian Stock Exchange (NSE) has granted listed companies a 60 days grace period for the submission of their audited financial statements (AFS) for the year ended 31 December 2019(AFS). According to a report by THISDAY, the post-listing requirements of the exchange, the AFS are due for submission on Monday, March 30, 2020. However, following […] Read More
SEC Postpones CMC Meeting indefinitely
The Securities and Exchange Commission (SEC) has postponed the first Capital Market Committee (CMC) scheduled to hold on April 23, 2020, as part of measures to mitigate the spreading COVID-19 on capital market operations. THISDAY reports The CMC is a quarterly gathering of stakeholders in the capital market community and other sectors of the financial […] Read More
COVID-19: GTB sets up 100 bed Medical facility
Guaranty Trust Bank (GTBank) Plc said it is building a 100-bed intensive care centre to be fully-equipped with modern facilities for the treatment of Nigerians who may be infected with the dreaded COVID-19 pandemic currently ravaging the world. THISDAY reports The facility which will be sited at Onikan, Lagos, was being set up in collaboration […] Read More
FG reduces oil benchmark to $30 per barrel
The Federal Government on Wednesday proposed the reduction of oil benchmark, upon which the 2020 budget was predicated, from $57 to $30 per barrel. The Minister of Finance, Zainab Ahmed, announced this after a meeting between the executive arm of government and the leadership of the National Assembly in Abuja. The meeting was meant to […] Read More
CBN maintains benchmark lending rate at 13.5%
The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday retained the Monetary Policy Rate at 13.5 per cent. The PUNCH reports The CBN Governor, Mr Godwin Emefiele, announced the decision of the Committee at the end of its two-day meeting held at the apex bank’s headquarters in Abuja. He said all members […] Read More
Nigeria cuts crude selling prices in attempt to woo buyers
Nigeria has cut the official selling prices for its crude oil to record lows to clear a glut of unsold April-loading cargoes before releasing the May programme on Monday. The PUNCH reports The country has had to grapple with an unprecedented excess of oil triggered by the coronavirus outbreak and a price war between Saudi […] Read More
Bank of Industry raises $1.1bn facility to support MSMEs, others
The Bank of Industry has raised a €1bn (about $1.11bn) medium-term syndicated facility from the international capital market to support micro, small, medium and large enterprises across key sectors of the Nigerian economy. The PUNCH reports. With the successful conclusion of this transaction, the BOI is poised to catalyze domestic production and job creation on […] Read More
COVID-19: Travel agencies appeal to FG for interest-free loans
Amidst the negative impact of Coronavirus on the revenue of Aviation industry in Nigeria, Travel agencies in the country are in dire need of financial aid to remain operational and not lose their International Air Transport Association (IATA) licensees. NAIRAMETRICS reports Why it matters: The travel agencies have been recording decline in ticket sales and […] Read More
FIRS rakes in N338.1bn revenue in January 2020
The Federal Inland Revenue Service (FIRS ) has collected the sum of N338.1 billion revenue for January 2020 as against N620.2 billion tax target for the month. The figures represent the aggregate collection by states’ coordinating units on monthly basis. The VANGUARD reports Recall that the new Executive Chairman of FIRS, Mr Muhammad Nami, was […] Read More
COVID-19: FCMB reschedule operations
Amid the coronavirus pandemic and the increasing numbers of confirmed cases in Nigeria, the First City Monument Bank limited is deploying additional health and safety protocols to keep customers and staff safe. NAIRAMETRICS reports According to a statement signed by Adam Nuru, Managing Director, FCMB limited and sent to customers, the bank is acting in line with […] Read More
