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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.
Worry for Nigeria as forecast shows OPEC countries will face a challenging 2020 , Why OPEC may not change output cut soon, Weaker oil demand overshadows proposed OPEC output cuts, as oil price dips , Nigeria tops compliance list, as OPEC’s December crude output drops, OPEC, Russia planning biggest oil cut ever

OPEC, allies plan biggest oil cut ever

OPEC and other oil-producing countries are working on a deal for an unmatched production cut equivalent to about 10% of global supply,  
CBN approves suspension of refunds for failed Visa and Verve card transactions

CBN temporarily suspends settlement of failed Visa and Verve card transactions

The Central Bank of Nigeria (CBN) has directed Interswitch to suspend refund activities for failed Visa and Verve card transactions, pending the duration of the lockdown that was recently declared by President  Muhammadu Buhari.
Parallel market: Naira retains value against US Dollar at $1/N375

Naira slumps further against US Dollar at ₦412/$1

Naira continues on its downward slide against major currencies of the world as it dipped further against the US dollar to stand at an average of $1/N412.
Berger Paints Plc, Berger Paints offers support for Lagos State to combat coronavirus

Berger Paints supports Lagos to combat coronavirus

Berger Paints has announced its support for the Lagos State Government in the fight against coronavirus.