Nigeria news today headlines : Monday 18th May 2020
These are the Nigeria news today headlines updates from Nigerian newspaper .
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COVID-19: Allow Interstate Food Business – APGA Chieftain Begs Obiano
Onitsha – The All Progressives Grand Alliance (APGA) Board of Trustees member, Chief Rommy Ezeonwuka, has appealed to Anambra State Governor Willie Obiano to relax the state boundaries closure for food transportation. He also warned members of the public to be wary of the antics of fake pastors who he said claimed that prayers could …
DMO Sees Hope For Capital Raising, Bond Despite COVID-19
LAGOS – Nigeria’s Debt Management Office (DMO) said in spite of the huge expansion in domestic borrowing plans of the government, there are enough room for the private sector to raise capital and bond in the market. Patience Oniha, DG, DMO, who stated this in an interview, said the private sector had been able to …
Home Grown Vaccine Researchers Get CBN’s N100bn Grant
Central Bank of Nigeria (CBN) said it is ready to support researchers, science-based institutions and biotechnology firms with N100 billion grants in the quest for a homegrown vaccine to fight Corona Virus Disease in Nigeria. Mr. Godwin Emefiele, CBN Governor, disclosed this at the commissioning of ThisDay Dome Testing, Treating, Tracing and Isolation Centre in …
Stanbic IBTC Offers Advice On Looming Post-COVID Recession
As the impact of the coronavirus continues to ravage various economies across the globe, Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has advised that Nigeria and her citizens must take proactive measures needed to avoid the looming recession that is expected to follow the pandemic. Akinbamidele Akintola, Head, Sub Saharan Africa Equity …
Airtel Africa Posts $408m FY 2019 Profit, Revenue Up 11.2%
Airtel Africa has submitted a strong set of results which delivered against its IPO aspirations with performance sequentially improving during the year. The company informed the management and stockbroker of the Nigerian Stock Exchange (NSE) in its audited 2019 full year ended March 30, 2020 financial result that its revenue grew by 11.2 per cent …
Kaduna Dry Port Donates Relief Materials To Host Community
LAGOS – Kaduna Inland Dry Port (KIDP) has donated relief materials in form of food and other palliatives to members of Down Quarters, Kakuri Community in Kaduna State. General Manager of the port, Mr Rotimi Raimi Hassan, who led other officials to make the presentation, said the donation was the company’s way to support the …
StanChart Boosts Investment With Mobile Bonds App
Standard Chartered Bank (Nigeria) has launched an investment solution on its mobile banking platform that allows investors to buy and sell bonds issued by the Federal Government, marking increased automation of the treasuries market. Tagged the Online Fixed Income Securities (FIS), the FIS offering provides clients with the option to invest in Federal Government bonds …
Probing Jonathan Will Boomerang, Industrialist Warns Buhari
Onitsha – Any bid to probe former President Goodluck Ebele Jonathan by President Muhammadu Buhari will definitely boomerang because Jonathan’s hands are clean, an industrialist, Obinna Arinze, has warned. Arinze, who is the Chief Executive Officer of Obitex Industrial Investment Company Limited, sounded the note of warning while reacting to the alleged move by Mr …
COVID -19: Ardova Briefs Public On Its Initiatives In Abuja
ABUJA – As part of its strategy to curb the spread of the Coronavirus pandemic, Ardova Plc, formerly Forte Oil, has donated solar energy systems to isolation centres in Lagos and Abuja. This is to ensure that the medical teams have an uninterrupted power supply while working to save the lives of infected patients and …
Why FG Must Not Reduce VAT. See The Saudi Example
Readers of this page would have noticed that part two of last week’s article should have been published today. But, a more urgent matter has arisen. The Federal Government announced what was called the 2020 Revised Budget. Keen observers would have noticed that there is little difference in the aggregate figure from the original budget. …
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