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ON THE MONEY
On the Money are stories and analysis tracking the movement of smart money across the capital and money market.
The Nigeria Deposit Insurance Corporation (NDIC) has joined the growing list of corporate organisations and individuals who are donating to the relief fund set up by the Central Bank of Nigeria (CBN) to help the government in the fight against the Coronavirus pandemic.
The AfDB has announced the provision of a $10 billion COVID-19 Response Facility for Nigeria and other regional member countries to help fight the coronavirus pandemic.
Chief Mike Adenuga has fully redeemed his pledge of N1 billion to the Private Sector Coalition against COVID-19.
FG has rejected calls from some experts for reduction of taxes as part of the palliatives to reduce the adverse socio-economic effect of the coronavirus.
The Nigeria Customs Service (NCS) has announced its decision to distribute relief materials valued at N3.2 billion to Nigerians.
FG has announced its intention to seek debt relief from China rather than ask for suspension of interest payments from its Eurobond holders.
Nigeria and other 38 African countries are set to secure the $250 million funding provided by the Global Partnership for Education (GPE).
Lafarge Africa Group Plc has announced its 2019 financial report, as it posted a profit before minimum tax of N17.2 billion in 2019, compared to a loss before minimum tax of N1.5 billion in 2018.
President Muhammadu Buhari has given approval that the sum of $150 million should be withdrawn from the stabilization fund of the Nigerian Sovereign Wealth Fund
The CIBN has donated N20 million to support Lagos State Government in its fight against the spread of Coronavirus.
Standard Chartered Bank announced that it had launched a $50 million fund to provide assistance to those who have been affected by the Coronavirus pandemic.
Search engine giant, Google, has disclosed plans to tackle the spread of fake news and misinformation on coronavirus with a $6.5 million fund.