UBA donates N28.5 million to fight coronavirus in Kwara
The United Bank for Africa (UBA), on Monday, boosted the fight against coronavirus in Kwara with a donation of N28.5 million.
Nigeria: Banks, ATMs will function during lockdown
Nigeria’s Finance Minister, Zainab Ahmed, has stated President Muhammadu Buhari has allowed for skeletal operations in the financial system and money markets during the lockdown in Lagos, Abuja and Ogun.
Akinwumi Adesina hails Victor Oladokun as he retires as AfDB’s communications chief
President of African Development Bank (AfDB), Dr Akinwumi Adesina, has commended the outgoing Director of Communication and External Relations Department of the bank, Dr. Victor Oladokun, for his exceptional leadership.
South Africa’s rand crashes to its lowest ever after Moody’s pulls the plug
South Africa’s rand plunged to an all-time low on Monday, falling below 18.00 to a dollar after ratings firm Moody’s cut the country’s last investment grade credit rating, adding to mounting panic about the coronavirus outbreak.
Nigeria’s central bank disinfects headquarters, branches
As the Federal Government, through the Federal Ministry of Health and the Nigeria Centre for Disease Control (NCDC), intensifies effort to check the spread of the novel Corona virus pandemic in the country, the Central Bank of Nigeria (CBN) has commenced the disinfection of its head office and 37 branches.
SEC unveils regulatory framework for crowdfunding
In a bid to further deepen the nation’s capital market and enable it provide development capital for medium and small-scale enterprises of the economy, the Securities and Exchange Commission (SEC), at the weekend unveiled an exposure draft of its regulatory framework for crowd funding in the country.
Egypt sets limits for bank withdrawals, deposits
The Central Bank of Egypt announced on Sunday that it will impose a temporary daily limit for withdrawals and cash deposits in bank branches to reduce the risks of the coronavirus, Al Arabiya reported.
DMO issues N968 billion promissory notes to oil marketers, states, others
The Debt Management Office (DMO) as at February 29, 2020 issued a total of N968,092,181,889.00 Promissory Notes to oil marketers, state governments, federal government agencies and exporters on behalf of the Federal Government of Nigeria (FGN).
First Bank closes physical branches
First Bank of Nigeria on Friday announced the closure of its physical branches in the light of Coronavirus (COVID-19) and the resultant lockdown in different states of the federation.
Sterling Bank donates N250 million to private sector coalition against virus pandemic
Sterling Bank Plc, has contributed N250 million as part of its commitment to the newly formed Nigerian Private Sector Coalition Against COVID-19 created to help channel resources to combat the coronavirus disease under the theme: “We need you.”
National Bank of Ethiopia to inject $450 million as liquidity for private banks
Ethiopia said on Friday the National Bank of Ethiopia plans to inject 15 billion Ethiopian birr ($456 million) as liquidity for private banks to cushion the economy over the impact of the coronavirus, state-affiliated Fana news agency reported.
Nigerian bank shuts down office as staff tests positive for virus
As a responsible corporate entity, and in line with the collective resolve to fight the coronavirus (COVID-19) pandemic, Fidelity Bank Plc has announced that it’s Federal Secretariat, Abuja Business Office has been shut down.
Nigeria’s central bank halts forex sales to bureaux de change
The Central Bank of Nigeria (CBN) has suspended sales of foreign exchange to Bureau de Change (BDCs) until the COVID-19 pestilence is over.
UBA commits N5 billion to fight coronavirus across Africa
The United Bank for Africa Plc (UBA) on Thursday announced a donation of over N5 billion ($14 million) through its UBA Foundation, to catalyse a comprehensive pan-African response to fight the COVID-19 global pandemic.
Foundation donates N250 million to Lagos, Ogun
FATE Foundation has pledged a sum of N250 million to support Lagos and Ogun states in the fight against coronavirus (COVID-19) pandemic.
National Assembly leadership meet ministers on planned 2020 budget review
The Leadership of the National Assembly on Wednesday held a meeting with some Ministers and Heads of agencies from the Executive arm of Government to brainstorm on the impact of Coronavirus pandemic on the Nigerian economy.
Nigeria slashes oil benchmark to $30 per barrel
The Federal Government on Wednesday proposed the reduction of oil benchmark, upon which the 2020 budget was predicated, from $57 to $30 per barrel.
Kogi government laments on low allocation
The Commissioner for Finance, Budget and Economic Planning, Asiwaju Idris, has disclosed that the FAAC allocation of March 23, 2020, for the month of February has fallen short of the State government’s expectations
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QPR star Eberechi Eze undecided on international future
QPR playmaker Eberechi Eze said he is yet to make a decision on his international future with England and Nigeria hoping to secure his services.
Cash transfer: Nigeria doles out N20, 000 each to 5, 000 FCT residents
The Federal Government has commenced payment of N20, 000 each to five thousand beneficiaries of its Conditional Cash Transfer (CCT) programme in the Federal Capital Territory (FCT).
Delta governor’s spokesman donates sanitisers, others to community
Mr Olisa Ifeajika, Chief Press Secretary to Gov. Ifeanyi Okowa of Delta has donated sanitisers and other items to the people of his constituency, Illah, Oshimili North Local Government Area of the state.
Nigeria records 12 new coronavirus cases, total rise to 151
The Nigeria Centre for Disease Control (NCDC) released the new figures in a tweet on Wednesday, in its latest update on the disease.
Union demands life insurance, N100, 000 special coronavirus allowances for health workers
The Nigerian Union of Allied Health Professionals, NUAHP, on Wednesday, demanded life insurance scheme and immediate payment of N100, 000 special coronavirus allowances to all health workers at the frontline of the war against the disease as presently done to other health workers globally.
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NCDC confirms second coronavirus case in Bauchi
The Nigeria Centre for Disease Control, NCDC, said it made an error in the breakdown of the new 14 coronavirus cases announced for the country on Thursday night.
African oil-producing countries among the most hard-hit as oil price plunges
African oil-producing and reliant countries have been among the most hard hit by the COVID-19 pandemic and declining oil price. Oil price crashed below $20 dollars on Monday, the lowest in 18 years. In particular, Senegal, Nigeria and Angola continue to face new challenges each day amid the threat of economic fallout.
Confusion over explosion in Akure
An explosion has occurred along Akure-Owo expressway, a few kilometres from the Akure metropolis.
Postponed Olympic Games to get new date in April
There are strong indications the official dates for the postponed Tokyo 2020 Olympic Games, now billed to take place next year, will be announced before the end of April 2020.
Model sues French Montana for ‘drug overdose and sexual assault’
According to documents reportedly obtained by foreign news outlet The Blast, a woman who wants to remain anonymous has filed a lawsuit against Montana, his employee Mansour Bennouna, and his Coke Boy Records label.