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Libra, Paypal drops out of partnership with Facebook’s Libra 

Paypal drops out of partnership with Facebook’s Libra 

Chidinma Nwagbara -
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First City Monument Bank Ltd issues N20 billion commercial paper, FCMB Group Records N188bn Revenue, Grows Profit to N20.1bn

FCMB Group records N188bn revenue, grows Profit to N20.1billion

NM Partners -
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FCMB Group Plc has announced its financial results for the year ended December 31, 2019. The audited results showed that the Group’s gross revenue increased.
CIBN outlines what must be done to revive foreign investors’ confidence , COVID-19: CIBN offers Lagos State N20 million as lockdown paralyses economic activities

COVID-19: CIBN supports Lagos with N20million

Fakoyejo Olalekan -
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The CIBN has donated N20 million to support Lagos State Government in its fight against the spread of Coronavirus.
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

Chike Olisah -
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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

Olumide Adesina -
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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

Fakoyejo Olalekan -
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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.
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