FBN Holdings Plc (FBNH) has announced the injection of N25 billion equity capital into its commercial banking subsidiary, First Bank of Nigeria Limited.
The Capital injected represents part of the net proceeds of the company’s divestment from FBN Insurance Limited.
This year, oil prices will be 41 percent lower than in 2019, the IMF said in its ‘Global imbalances and the COVID-19 crisis’ external report. The direct impact of the low oil prices on oil trade balances will vary across economies, reflecting their dependence on oil exports and imports, according to the IMF.
Total gross credit for various transactions in Nigeria rose by N3.33 trillion from N15.56 trillion at end-May 2019 to N18.90 trillion at end-June 2020.
These credits were largely recorded in manufacturing, consumer credit, general commerce, and information and communication and agriculture, which are productive sectors of the economy.
The dollar fell in Asia on Wednesday, hitting a five-month low on the yuan, as the latest coronavirus relief package stalled in Congress and U.S. yields sank on the prospect that further monetary easing might be needed to support the economy.
A hardening perception that the U.S. recovery is lagging Europe has buttressed the euro, which has repelled a rebound in the dollar and rose back above $1.18 on Wednesday.
The Galaxy Z Fold2 was one of several new devices announced at a livestreamed event by the South Korean electronics giant, which recently lost the top position in the smartphone market to China-based Huawei.
Although the Federal Government of Nigeria has since May pledged to support the local sector with at least N27 billion in loans and grants, the sector is yet to receive the pledge despite resumption of flight operations.
The National Information and Technology Development Agency (NITDA), has listed Nigeria among the top three countries in Africa attracting largest volume of investments from venture capitalists for technology startups and hubs.
The Director-General of NITDA, Kashifu Inuwa Abdullahi, in an interview, said interestingly, Nigeria occupied the first position with a total investment of $747 million, followed by Kenya with $564 million, and Egypt attracted $211 million in 2019.
So sad …This viral video reaching us at Naijabizcom news desk is of a Cameroonian lady was said to have been allegedly shot by her boyfriend after a video where she was twerking for another random man surfaced online.
How 51-Year-Old Mother was Caught While Trying To Break Her Son Out Of Jail By Digging A 10ft-Deep Tunnel
The 51-year-old woman, who has not been named, rented a house near the jail in the southern Zaporizhia region where her son is serving a life sentence.
51-Year-Old Mother Jailed After Attempting To Break Son Out Of Jail Image TSN News Ukraine
A video is currently circulating online showing a nanny rescuing the baby during the explosion.
The Moment A Nanny Rescued Her Boss’ Child During The Explosion That Rocked Beirut