Truth Is Treasure
By Tony Obiechina, Abuja Financial institutions especially deposit money banks have been exempted from the two weeks lock down imposed on Abuja, Lagos and Ogun states to prevent a further spread of the coronavirus in the country. President Muhammad Buhari had on a televised nationwide broadcast on Sunday night announced a two-week lockdown in
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The Federal Capital Territory Administration (FCTA) has directed all eateries to withdraw all eat-in arrangements in their premises and make use of takeaways packs, as part of measures to contain the spread of the COVID-19 in Abuja. The FCT Minister, Malam Muhammad Bello, gave the directive on Thursday, in Abuja
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The United Bank of Africa (UBA) Group says it will provide the sum of N5 billion ($14 million) as COVID-19 relief support across Africa. The bank stated this in series of tweets in its verified Twitter handle @UBA Group on Thursday. The company said “to catalyze a comprehensive pan-African response to
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The Central Bank of Nigeria (CBN), on behalf of the Bankers’ Committee, on Thursday in Lagos said it had formed the Nigerian Private Sector Coalition Against COVID-19. The CBN Governor, Godwin Emefiele, told newsmen that the coalition was in partnership with the private sector, led by Aliko Dangote Foundation and Access
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Fidelity Bank Plc says it will be actively involved in the fight against the COVID-19 pandemic as a responsible corporate organisation.Mr Charles Aigbe, the Bank’s Divisional Head, Brand & Communications, made the assertion on Thursday in a statement in Lagos, pointing out that one of the staff members tested positive to COVID-19.Aigbe
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By Tony Obiechina, Abuja The Securities and Exchange Commission, SEC, in furtherance of its role as the apex regulator of the Nigerian capital market has issued an advisory that would mitigate the impact of COVID-19 on capital market operations. In a circular to capital market stakeholders on COVID-19, the SEC released a number
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By Tony Obiechina, Abuja As part of the ongoing-internal reforms towards achieving its N8.5 trillion tax target, the Board of the Federal Inland Revenue Service (FIRS) has approved the appointment of four Coordinating Directors (CD) and two Group Leads (GL) in acting capacity. The Board also announced the the retirement of all
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By Mathew Dadiya, Abuja The Central Bank of Nigeria (CBN) has assured stakeholders and members of the Nigerian public that the it would remain open for business during this period of novel Coronavirus (Covid-19) pandemic, which has been ravaging global economy resulting in shutting down in many countries including Nigeria. The
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By Mathew Dadiya, Abuja The African Export-Import Bank (Afreximbank) has announced a $3 billion facility, named Pandemic Trade Impact Mitigation Facility (PATIMFA), to help African countries deal with the economic and health impacts of the COVID-19 pandemic. Obi Emekekwue, Director and Global Head, Communications and Events Management at the Afreximbank in a
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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday, retained Monetary Policy Rate (MPR) at 13.5 per cent and held other policy parameters constant. CBN Governor, Mr Godwin Emefiele said this during a national broadcast monitored by News Agency of Nigeria (NAN) in Abuja on
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