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NIGERIAN BUSINESS NEWS
The fiscal and monetary firepower of the Nigerian authorities to resist the Coronavirus is limited, although the CBN is set to make a sizeable contribution from its own balance sheet.
As you may well know, the Coronavirus pandemic has come with its devastating impacts on the social/economic lives of people around the world. The CBN is, therefore, putting measures in place to deal with the aftermath of the pandemic.
The closed period is expected to last until 24 hours after the release of the company’s Q1 unaudited financial statement.
Interestingly, the dollar fell significantly against most major currencies on Tuesday, amid concerns that the currency had surged too quickly when safe-haven demand is dropping.
The modalities of the funding option are still being figured out, as the CBN work with deposit money banks to identify potential/eligible off-takers.
The Nigerian bourse resumed the first trading session of the week in the green, as the All Share Index improved significantly by 2.32%
Shifting consumer behavior to online trade channels and digital platforms can promote the growth of Nigeria’s e-commerce industry.
The International Monetary Fund (IMF) has projected that Nigeria is heading to a recession, its worst recession in three decades, as it expects the nation's economy to recede by 3.4% in 2020.
The company's directors have also been scheduled to meet in order to discuss Seplat's Q1 2020 financial results.
After reaching support levels of above $6,700, bitcoin price started to surge against the US dollar. BTC price rose above the $6,900 and $7,000 levels.
The Nigerian Stock Exchange (NSE) partnered with ABSA Securities Nigeria to host a webinar on Thursday, 9 April 2020.
54gene has raised $15 million during a Series A round to intensify its collection of African genetic code which is used for health research and drug development.