The Central Bank of Nigeria (CBN) on Friday said it has raised a total of N19.48 billion from corporate and individuals to support the fight against the novel Coronavirus. In a statement by the regulatory bank’s director of Corporate Communications, Isaac Okorafor said the fund jumped from N15.32 billion on April 1 to N19.48 billion […]
Read MoreAfrobeat king and son of the legend Fela Anukulapo-Kuti, Femi Kuti said life is very tough as government ordered lockdown of human and business activities in Lagos, Ogun and Abuja as part of measures to contain coronavirus. Femi Kuti, who was responding to a fan on Twitter said he has shut down African Shrine and […]
Read MoreThe local unit of South Africa’s telecoms giant MTN Nigeria said its network has come under unprecedented pressure as demand has grown rapidly during the period of lockdown across two major states and capital Abuja. Nigeria two major cities, Lagos and Abuja have been lockdown by the government in a bid to contain the spread […]
Read MoreDangote Cement Plc on Friday launched bids for its N100 billion 5-year bonds issuance in a bid to raise a medium-term debt to pay off existing debt, financial advisors to the debt issue has said. The biggest cement firm in Africa had last week announced plans to obtain regulatory approval to raise the medium-term debt. […]
Read MoreWriter Abi Dare grew up in a part of Lagos, Nigeria where most families, including hers, had maids as young as eight years old who worked all day, were often beaten and did not go to school. It was only as an adult that she realised these so-called “house girls” were essentially slaves. “I did […]
Read MoreNigerian Breweries, local unit of Dutch brewing company Heineken N.V. said it will open the bids for its series 7 and 8 commercial paper aimed at raising up to N48 billion to the Company’s short term funding needs on April 6. In a regulatory filing to the Nigerian Stock Exchange (NSE), the brewer said Series […]
Read MoreThe United States (US) tech firm Apple has told its card users that they can defer April payments in the wake of the coronavirus (Covid-19) outbreak. The move is in line with both the company’s efforts to ease the financial pressure resulting from the economic crisis created by the pandemic. Apple cardholders can skip the […]
Read MoreOne of the last weddings performed in public in Las Vegas was on St. Patrick’s Day. The groom wore a dark suit. The bride wore a rockabilly-style black halter dress. The minister was Slash from Guns N’ Roses—or, rather, a licensed officiant performing as the shaggy-maned, top-hatted guitarist. As ceremonies go at the Rock & […]
Read MoreThe African Development Bank (AfDB) said it has approved a $1.5 million emergency relief grant to assist nine countries in the East and Horn of Africa on the control of swarms of desert locusts that are threatening livelihoods and food security in the region. The proposed assistance, the lender said will be channeled to the […]
Read MoreAgainst the backdrop of dollar scarcity due to declining foreign exchange reserves, some Nigerian banks are putting a cap on the amount individuals can withdraw with their debit cards while abroad, memo to customers by some lenders has revealed. Sources within the banking industry said many of the banks are taking the measures to hedge […]
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