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Sunday, November 24, 2024

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MTN Predicts Challenging Operating Year

-       As Airtel Africa Posts 11% Revenue Growth    The MTN Group on says it foresees a challenging operating year in 2020 as global economy counts the losses...

Atiku Faults Budget Review, Points the Way Out

Former Vice President Atiku Abubakar has faulted the recent review of the 2020 budget by the Federal Government, describing it as a mere scratch. In a...

You’re On Your Own: NAFDAC Warns Users of Chloroquine for COVID-19 Treatment

The National Agency for Food and Drug Administration and Control (NAFDAC) has warned Nigerians against the use of the drug as treatment for COVID-19. The...

Nigeria Generates N338.9bn From VAT In Q1 2020

The National Bureau of Statistics (NBS) has said that Nigeria generated a total of N338.94 billion from the Valu Added Tax (VAT) in the first quarter...

Nigeria Raises N142.75 bn In Treasury Bills to Fund Budget Gap

Revises Domestic Debt Issuance Calendar Nigeria, through the Debt Management Office (DMO),  sold a total of N142.75 billion worth of treasury bills at an auction on Wednesday...

Afreximbank to Raise over US$1 billion in Syndicated Loan

The African Export-Import Bank (Afreximbank) vaulted market uncertainties caused by COVID-19 pandemic to successfully conclude a dual-currency Syndicated Loan, raising the equivalent of US$907.5 million, comprised...

Covid-19 Could Take 5-Years To Bring Under Control, Warns WHO’s Chief Scientist

It could be four to five years before the Covid-19 pandemic is under control, a senior global health official has said. But with hopes of an end...

NLNG Signs EPC Contract for Train 7 Expansion Project

The Nigeria Liquefied Natural Gas, NLNG,  has signed the engineering, procurement and construction (EPC) contract for  the long-awaited Train 7 project in line with its major...

IMF to Release New Global Economic Outlook in June, Says Things Are Getting Worse

Nigeria’s foreign exchange buffer rose 3.75 per cent to $34.78 billion by May 12, 2020 (month-to-date) the latest data posted on the website of the Central...

Budget Deficit Soars to N5.1tr As FG Reviews 2020 Spending Plan

Following the Federal Executive Council (FEC) approval of a revised 2020 Budget and Medium Term Economic Plans (MTEP) last Wednesday, the initial budget deficit of N2.18 trillion...

DMO Unveils Revised Guidelines For External, Domestic Borrowing For FG, State, FCT

The Debt Management Office (DMO) has unveiled new guidelines on external and domestic borrowing by federal and states as well as the Federal Capital Territory (FCT),...

COVID-19 Vaccine: CBN To Fund Nigerian Researchers, Science Institutions

In a bid to develop appropriate vaccine to tackle the COVID-19 pandemic ravaging the globe, the Central Bank of Nigeria (CBN) has expressed determination to develope...

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