Full text of FG’s letter of intent to request for IMF loan
Appendix I. Letter of Intent April 21, 2020 Ms. Kristalina Georgieva Managing Director International Monetary Fund (IMF) Washington, D.C. 20431 ...
Tag: Nigerian Business News
Naira to depreciate slightly over $1.52 billion forward contracts
Currency traders are expecting the naira to fall slightly today, due to the maturing $1.52 billion April 29 contract.
Crude oil prices rebound continues on signs of demand recovery
The rebound of crude oil prices in the oil market continued for the second consecutive day, as oil prices went up ...
COMMENTARY: Moody’s changes outlook on Nigerian banking sector to negative
The outbreak of COVID-19 and the sharp downturn in crude oil prices have continued to stoke fears of a further ...
Partial lockdown guidelines for businesses from May 4
Governor Babajide Sanwo-Olu has rolled out guidelines for businesses operating under the partial lockdown.
Defiant Seplat books N42.4 billion loss as crude oil prices force new strategy
A cursory view of the financial statement shows that the company booked N47.5 billion in impairments, as the company decided ...
UBA Delivers Impressive Returns on Investment, as Shareholders Applaud Bank’s Support in Fight against COVID-19
In his opening statement. UBA's Group Chairman, Tony O. Elumelu, noted that this was a very special meeting, held in ...
Zenith Bank’s Profit Before Tax Rises by 3% to N58.7 billion in Q1 2020
The increased profits benefited from the twin effects of continuing top-line growth and focused cost-of-funds optimisation.
Businesses that must remain closed after May 4
Lagos state government has listed out businesses that should remain closed even as the state enters the first phase in ...
COVID-19: Take-off of Africa Free Trade Zone “AFCFTA” Postponed
The take-off of the Africa Free Trade Zone, which has been referred to as the world’s largest free trade zone, ...
