Covid-19: Companies raise N222 billion in capital during lockdown
Corporate organizations successfully raised at least N222.6 billion from the 24th of March till date.
Corporate organizations successfully raised at least N222.6 billion from the 24th of March till date.
The yoyo between debt and equity is likely to ensue as uncertainty remains in the forex market.
Umahi has directed those who worked in the budget review for 2020 to immediately test for COVID-19.
According to data obtained from DMO, $27.66 billion (N9.9 trillion) is the total external debt.
These debits have inevitably tightened liquidity in the banking system and bankers are complaining.
The NSIA recorded an increase in total assets to N649.84 billion at the end of the financial year.
All indexes closed in the negative terrain with the exception of the Banking Index.
The aim of this directive is to expand the reach of the regional banks across the country, the CBN said.
Abba-Kura also praised the Customs Service for its achievements in spite of multiple challenges.
The Corporation says it was on the last stage of completing repairs which includes hydro testing.
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