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Business and Economic News from Nigeria

Global stocks tumble on "corona" sell off, BLOODY WEEKS: Coronavirus cost investors N1 trillion, triggers devaluation fears, Global Market Summary on Tuesday, Analysis: The economy is crashing, avoid falling knives,

COVID-19 outweighs stimulus package on global financial market

Olumide Adesina -
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South Africa High commission in Nigeria shuts its offices, South Africa announces 21-day lockdown following spike in Coronavirus cases

South Africa announces 21-day lockdown following spike in Coronavirus cases

Chidinma Nwagbara -
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Brent crude drops to $25, oil demand drops by about 10% of world’s consumption, Brent Crude Oil hits $26, as Nigeria's Sweet Crude demand falls

Brent crude drops to $25, demand drops by about 10%

Olumide Adesina -
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Emirates Airline cuts staff salaries by 25-50%, suspends all passenger flights from March 25

Emirates Airline cuts staff salaries, suspends all passenger flights from March...

Ruth Okwumbu -
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22nd Century portfolio, Weekly update of the Global Market ending 13th March 2020

Panic recedes as global capital market surge

Olumide Adesina -
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Unilever is committed to Africa despite under-performance by Nigerian unit  

Unilever: Disappointing Q4 confirms growth concerns

CSL Stockbrokers -
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Nigerian Stock Exchange, Nigerian Stocks, Daily market summary, NSE, Bourse bows to bears as ASI dip 0.55% on Friday, NSE: Bears dominant reign continues as ASI shed 4.91% on Tuesday, Bearish trend persists at Nigerian Stock Exchange, as investors lose N456 billion, Bears return, Nigeria’s local bourse drops 0.12%, Bears return Nigeria's ASI index down 3.12% Investors lose N370 billion

Bears pull Nigeria’s ASI down by 3.12%, as Investors lose N370...

Olumide Adesina -
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Amid Coronavirus spread, Facebook to offer SMEs $100 million funding

COVID-19: Facebook to offer SMEs $100 million

Chidinma Nwagbara -
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FG divided over housing deficit as the number rises to 22 million , FG bars public officials from travelling abroad, FG issues travel ban on US, Italy, China, UK, 9 others over COVID-19

FG issues travel ban on US, Italy, China, UK, 9 others...

Abiola Odutola -
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Bears ravage global market,Bears grip Nigerian bourse ASI Index down 0.71%, Week the bears took control of the world's financial Markets

Bears grip Nigerian bourse, ASI Index down 0.71%

Olumide Adesina -
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Bulls gain momentum, as stimulus package lifts global financial markets

Bulls gain momentum, as stimulus package lifts global financial markets

Olumide Adesina -
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Global stock markets were bullish this week as a great amount of stimulus measures from around the globe had brought about a modicum of stability.
COVID-19: Lagos State to begin curfew on Sunday to disinfect metropolis

COVID-19: Lagos State to begin curfew on Sunday to disinfect metropolis

Titobioluwa Okunade -
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The Lagos State Government disclosed on Friday that there would be a dusk-to-dawn curfew in the state, starting from Sunday.
COVID-19: NCDC, NPA clarifies controversial cases

COVID-19: NCDC, NPA clarify controversy over cases

Chidinma Nwagbara -
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The NPA and the NCDC have come to an agreement over the six coronavirus cases reportedly found in a vessel.
Dana Air, Air Peace, others offer to help curtail disease spread

Dana Air, Air Peace, others offer to help curtail disease spread

Chidinma Nwagbara -
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Domestic airlines have offered their support towards helping the FG with essential flight services as it combats the coronavirus pandemic in the country.  
Finance, Ministaer, vow to recover AMCON debt through issuance of promissory notes, FG reiterates stance on IPPIS as ASUU threatens strike, Finance Minister, Zainab Ahmed identifies capital market as key driver for economic growth , Nigeria has paid $1.09 billion to service its debts in 2019  , Dividends on oil proceeds will be taxed - FG , State governments own most bad roads - Finance Minister says, Budget deficit increases by N351.98 billion, as FG misses revenue target, Economy: Funding MSMEs in Nigeria , Finance Bill: New tax regime to take effect from Jan 2 - FG , Again, Finance Minister argues that Nigeria is not in debt distress , ECOWAS: Single currency regime not kicking off in 2020  , FG: CBN holds N43 billion stamp duty charges collected by banks , FG may shift deadline to deactivate bank accounts without tax verification, Confusion as ministry and presidency disagree over Finance Act start date, 7.5% VAT: Implementation to begin Feb 1 – FG , Finance Minister: Nigeria to go into recession if ...

Finance Minister: Nigeria to go into recession if …

Chike Olisah -
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The Minister for Finance, Budget and National Planning, Zainab Ahmed, has warned that Nigeria might go into another round of recession.
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