Nigerian cinemas earn N3 billion in six months, Nigerians paid N1.2bn to see movies in 2 months, Filmhouse, Silverbird, others generate over N79.8 million on Valentine’s weekend , Coronavirus forcing cinemas to shut down, as Nigerian cinemas record revenue loss

Coronavirus forcing UK cinemas to shut down , as Nigerian counterparts record revenue loss

Cinema houses are the latest victims of Coronavirus as the disease continues its onslaught on business activities across the world.
CBN-Governor-Emefiele, Investors’ and Exporters’ forex window aided Naira stability – Emefiele , Financial Inclusion: CBN licensed 15 mobile money operators – Emefiele , Rates continue to decline as banks struggle to meet CBN’s 65% minimum LDR, CBN releases new guidelines, to fine banks N2 million over customers’ complaint , CBN: FG fell short of monthly allocated collected revenue by N388 billion, CBN issues new rule for use of PoS, merchants to face sanction after deadline, CBN may devalue naira in 2020 as experts highlight red flags in the economy, CBN appoints and redeploys directors within its ranks, Banks look to lending rates for revenue, as slash on e-transaction charges affect operations, CBN discloses currency in circulation worth N2.44 trillion, CBN to commence recycling of mutilated naira notes, Agriculture: CBN's revised policy on the dairy industry, CBN condemns foreign money transfers to Nigeria, Experts outline effect of CBN’s longer term contract, Bank’s lending rates decline albeit slower than expected, CBN releases new capital base, sanctions for Microfinance Banks, CBN reveals banks’ foreign assets rise to N14.19 trillion in 2019, CBN insists on no devaluation, threatens to sanction those responsible for false speculations, CBN considers interest rate cut as trade, economy decline over Coronavirus, Defending the naira at a cost, CBN announces initial policy response to COVID-19, CBN stops oil companies from selling dollar to NNPC, here’s why, Amid Coronavirus spread, CBN directs staff to stay at home

CBN announces initial policy response to COVID-19

In light of the rampaging impact of the COVID-19 pandemic on global supply chains, CBN announced its initial policy response to the pandemic.
Ekiti, Jigawa, Abia, 10 others record no investment in 2019

Ekiti, Jigawa, Abia, 10 others record no investment in 2019

Ekiti, Kogi, Sokoto, Bayelsa, Ebonyi, Gombe, Jigawa, Abia and five other state governments failed to attract investments in 2019, a report by the National Bureau of Statistics disclosed.
CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele  , Increasing food prices might erase chances of CBN cutting interest rate   , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million  , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, CBN, Bankers Committee move to revive National Theatre with N25 billion , Nigeria’s 3.46 trillion fiscal deficit a source of concern – MPC Member , CBN says Nigerian banks assets and liabilities is now at N41.42 trillion , BVN: CBN to link 100 million banks accounts through proactive means, Foreign reserves drops $4.45 billion, edges closer to $30 billion devaluation benchmark, Payment system framework: CBN provides guidelines to address systemic risk, others, CBN retains Loan to Deposit Ratio at 65% as against increment to 70% , Federal High Court could jail Emefiele over $53 million judgment debt, CBN strongly denies establishing a poultry farm to support its monetary policies, Analysts explain when, why CBN could devalue naira by 5-10%, Banking: Surprise hike in CRR-Implications for banks, Agriculture: Suing ABP beneficiaries; A wild goose chase? , CBN lists major constraints affecting businesses, as borrowing rates projected to rise, CBN’s N287.8 billion T-bills auction records oversubscription, as rates fall marginally, CBN to give Niger Delta rice farmers single-digit loan , Naira and exchange rates, Insufficient electricity, unfavourable economy are among challenges hindering companies –CBN, Banks: Microfinance banks in Nigeria, REMINDER: Nationwide implementation of cashless policy starts April 1st, RESCUE MISSION: CBN coordinates banks, other financial institutions, to raise N1.5 trillion for infrastructure, Banking: Another wave of consolidation?, CBN pays $4.45 billion external debt obligation to World Bank, others in 2-month

Banking: Another wave of consolidation?

The banking sector may experience another wave of consolidation as there have been rumours that some Tier 1 banks may be acquiring smaller banks.
Fitch downgrades Nigeria, blames Buharinomics for crisis in the economy , That $22 billion, Nigeria spends $1.31 billion to service external debt in 2019, up by 254% in 5 years, Confusion as ministry and presidency disagree over Finance Act start date, S&P downgrades Nigeria, Nigeria’s credit rating faces downgrade by Fitch, Oil price crash, Coronavirus: The trouble that lies ahead for Nigeria, Avoiding 2016: What Nigeria should do to fight the coming economic storm, Fitch downgrades 3 Nigerian banks to 'B', places 10 others on negative watch

Oil price crash, Coronavirus: The trouble that lies ahead for Nigeria

In Nigeria, Coronavirus possesses a different kind of imminent threat which could cost economies even more.
PwC Africa Entertainment & Media Outlook, PwC’s global operations report 7% revenue growth in FY 2019 , GTBank, Access, 2 others pay PWC, KPMG N3.17 billion as audit fees in 2019

GTBank, Access, 2 others pay PWC, KPMG N3.17 billion as audit fees in 2019

Data from four of the Tier 1 banks in Nigeria revealed that PwC and KPMG earned N3.17 billion as audit fees for the year ended December 2019.
Agricultural financing

Financing the Agriculture sector

SEC ha expressed worry that credit to agriculture sector in the last 10 years remains as low as 5%, severely hampering the sector’s growth.
Nigeria’s real estate industry attracts foreign investors, Real Estate: Still not out of the woods

Real Estate: Still not out of the woods

The latest GDP report for 2019 revealed that the real estate sector posted a negative growth of 2.36% albeit lower than the negative 4.74% reported in 2018.
Unemployment: Senate calls for a state of emergency, President Buhari approves N37 billion for National Assembly renovation , National Assembly finally transmits Finance Bill after supremacy battle among lawmakers, VAT: Implementation won’t affect purchasing power of Nigerians, PIB: An unsurmountable obstacle, Senate passes CAMA bill, awaits presidential assent, Ban on generators: Throwing the baby with the bath water?

Ban on generators: Throwing the baby with the bath water?

A bill for an act to criminalise the importation, selling and usage of generators in Nigeria scaled the first reading on the floor of the senate.
FUGAZ Banks, loans, loan, Access, Zenith, GTBank, top actively traded stocks on Monday , FUGAZ lead actively traded stocks as bourse ups 1.7%, Nigeria’s top 5 banks spent more than N40 billion on adverts in 2019

GTBank, Zenith, Access, FBN, UBA spend N4.7 billion on CSR in 2019

GTBank Plc, Zenith Bank, Access Bank, First Bank of Nigeria (FBN), and United Bank of Africa (UBA) Plc spent over N4.7 billion on their Corporate Social Responsibilities in 2019.


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

Nigerians & the attractions to bitcoin

Recent data shows that Africa's biggest economy, Nigeria, is leading other African countries in cryptocurrency usage. 
Bola Tinubu, coronavirus

Covid-19: Tinubu asks FG to print more naira notes, outlines economic measures

The National Leader of the ruling All Progressive Congress (APC), Bola Ahmed Tinubu, has urged the Federal Government to print more naira notes to save the economy from total collapse due to the adverse effect of the coronavirus pandemic
Coronavirus: US govt authorises new device to test for disease within 5 minutes

Coronavirus: US’s FDA approves use of new tool that delivers results in 5 minutes

The United States FDA has authorised the use of coronavirus test tool that delivers positive results within five minutes, and negative results within 13 minutes.
Lagos government makes U-turn, suspends planned closure of marine bridge

Lagos government makes U-turn, suspends planned closure of marine bridge

The Lagos State Government on Saturday suspended its earlier plans to partially shut down the Marine Bridge for five months for repair.
Coronavirus (COVID-19): Suspected case in katsina tests negative, FG reports 10 new cases of COVID-19, Coronavirus: Simple ways to keep your business running

Coronavirus cases hit 97, as NCDC confirms another 8 new cases

The Nigeria Centre for Disease Control (NCDC) has confirmed eight new cases of the coronavirus pandemic which is also known as COVID-19.