COVID-19: Impacts on Nigerian consumer packaged goods

The coronavirus disease (COVID-19) outbreak has become a global threat as it has led to shut down of economies around the world.
Filmhouse, Silverbird, others generate over N79.8 million on Valentine’s weekend, Cinemas count their loses in Q1 2020, amid COVID-19 lockdown

Nigerian cinemas count loses in Q1 2020, amid COVID-19 lockdown

The Nigerian cinema industry has experienced a gradual dip in revenue since the onset of the Coronavirus in January 2020.
Airtel partners Western Union to expand its own mobile money service , Airtel loses over 100,000 subscribers in one month as Glo chases MTN's market share cvf

Airtel loses over 100,000 subscribers in one month, as Glo chases MTN’s market share

Airtel lost over 100,000 subscribers in Nigeria between December 2019 and January 2020. While Airtel Nigeria's subscribers declined,
CBN health intervention fund gets new interest rate by March 2012, Nigerian banks’ non-performing loans drop significantly by 41% in 2019, External reserves decline by over 8% in 3 months

External reserves decline by over 8%, despite lower FX demand

Nigeria’s external reserves have continued to decline unabated as it shed $3.33 billion within the last 3 months.
Stock market gains N110.7 billion on Friday trade session , Investors lose N153.6 billion on Monday as ASI dip 1.05% , Top Nigerian stocks, too cheap to ignore, Nigeria bourse crash analysis, Nigerian bourse loses N2 trillion in value in Q1 2020, as oil plunged 65% QOQ

NSE loses N2 trillion in value in Q1 2020, as oil plunges 65% QoQ

The market capitalisation of the Nigerian Stock Exchange, which represents the market value of all listed companies, lost about N2 trillion in the first quarter of 2020.
Nigerian stock exchange (NSE)

Top 10 Stockbrokers trade N391.9 billion in Q1 2020 despite bearish market

Despite bearish market, the top ten stockbroking firms in Nigeria traded a total of N391.9 billion worth of shares between January and March 2020.
All states' debts exceed revenue, contravene DMO rule- FRC, Nigeria’s total debt portfolio as at December 2019 stands at N27.4 trillion

BOOM: Nigeria’s total debt portfolio hits at N27.4 Trillion

Nigeria's total debt stock as at December 2019 included N21.7 trillion owed by the Federal Government and N5.6 trillion owed by the state governments.
Forex: Parallel market weakest since 2017

Forex: Parallel market records lowest value since 2017

Naira has depreciated to its weakest level since February 2017 at the parallel market, which is also known as the black market. 
COVID-19 could save naira from depreciating further

COVID-19 could save naira from depreciating further

The global spread of COVID-19 and fear of another surge later in the year could limit travel plans for dollar-hungry Nigerians, easing pressure on the already troubled naira.
Naira’s true worth

Naira’s true value

CBN has adjusted the value of the Naira by as much as 15% as it seeks a single exchange rate instead multiple exchange rate.


World bank loans, Over 56% of 2019 budget expenditure was released for capital projects , FG changes decision to sell stake of oil assets in JVs, Finance Bill: Nigeria exempts small businesses from Company Income Tax , Finance Bill is for the good of Nigerians – Finance Minister, Zainab Ahmed, Nigeria, five other West African countries reject ‘Eco’ as ECOWAS single currency, FG rejects calls for tax reduction, tax relief for donors to intervention funds

FG rejects calls for tax reduction, tax relief for donors to intervention funds

FG has rejected calls from some experts for reduction of taxes as part of the palliatives to reduce the adverse socio-economic effect of the coronavirus.
Office of Nigeria's Account General is reportedly engulfed in flames, Auditor-General, Accountant-General, grants, FAAC disburses N327.68 billion to States and LGAs in September, as allocation drops again,

JUST-IN: Office of Nigeria’s Account General is reportedly engulfed in flames

The Abuja office of Nigeria's Accountant General, Ahmed Idris, is currently engulfed in flames.
NAHCO reacts to $8.06 million intercepted by Customs at Lagos Airport, Audit Query: Customs CG disagrees with AGF over N28bn unremitted funds. Nigerian Customs Service to distribute N3.2 billion food items

Nigeria Customs Service to distribute N3.2 billion worth of food items

The Nigeria Customs Service (NCS) has announced its decision to distribute relief materials valued at N3.2 billion to Nigerians.
Zenith Bank GMD Ebenezer Onyeagwu, Central Bank of Nigeria, CBN's loan-to-deposit ratio policy, Nigerian Stock Exchange NSE stocks, Banks in Nigeria, Deposit Money Banks in Nigeria, Zenith Bank collaborates with fintechs, but insists it is not scared to compete with them, Zenith Bank sets withdrawal limit for customers, as dollar sells for N400

Zenith Bank introduces automated voice banking service

Zenith Bank Plc has introduced an automated voice banking service, an IVR solution which enables customers to perform basic banking transactions by dialling a dedicated phone line.
Bears extend reign to crypto market, drops by about 50%, Answering the big Bitcoin question - buy, sell or hold?, Why cryptocurrencies are falling lately, Nigerians passion for bitcoin, Bulls push Bitcoin pass $7200 level

Bulls push Bitcoin pass $7,200 mark

Bitcoin has seen an increase of $500 to its price, after three failed attempts to break above the Fibonacci level (61.8%) at $7200.