Breaking News in Nigeria Today Monday 12th October 2020
Here are some of the Breaking News in Nigeria Today Monday 12th October 2020 on some of the nation newspapers .
Read also
NSE extends weekly rally by 5.30%
POSITIVE SENTIMENT Financial Services industry led the activity chart with 2.325 billion shares valued at N25.816 billion traded in 21,306 deals Trading activities on the floor of the Nigerian Stock Exchange last week further extended weekly rally, highest in more than five years as the NSE All-Share Index and Market Capitalisation both appreciated by …
PZ Cussons reports N212m loss in Q1
PZ Cussons Nigeria Plc has reported a loss after tax of N212.358 million for the first quarter ended August 31, 2020 as against a loss of N1.095 billion posted in 2019. While the group’s revenue increased by 18.3 per cent to N18.700 billion from N15.808 billion in 2019, cost of sales stood at N13.808 …
DMO, NSE highlight opportunities in fixed income market
The Nigerian Stock Exchange (NSE), the Debt Management Office (DMO) and other market analysts have listed some benefits for investors in fixed income market. In line with its commitment to further enhance the capacity of capital market players across available asset classes, NSE at the weekend hosted a two-day webinar on fixed income. The …
SWIFT: CBN tasks banks on payment system compliance
The Central Bank of Nigeria (CBN) has reminded all lenders in the country of the importance of complying with the Society for Worldwide Interbank Financial Telecommunication (SWIFT) universal payment confirmations requirements. In a circular posted on its website on Friday, the apex bank stated that “all SWIFT customers are required to provide confirmation on …
AfDB seeks partnerships with Nordic businesses
Vice President for Private Sector, Infrastructure and Industrialization at the African Development Bank (AfDB), Solomon Quaynor, has said that there are strategic investment opportunities on the continent that Nordic businesses will find attractive. Speaking at a webinar held by the Nordic-African Business Association (NABA), he noted that the Bank’s mandate to spur sustainable economic …
FDC projects 14% inflation rate for September
Inflation will maintain its upward trajectory and increase to 14 per cent for the month of September, from the 13.22 per cent recorded in August, Financial Derivatives Company (FDC) has predicted. The Chief Executive Officer, FDC, Mr. Bismarck Rewane, who made the forecast at the Lagos Business School (LBS) Executive Breakfast Session, presentation for …
NAICOM vows to sustain FG’s confidence in insurance
Following the confidence recently expressed by the Federal Government in the nation’s insurance industry, the management of National Insurance Commission (NAICOM) has promised to sustain the tempo in order to make insurance occupy its rightful place in the economy. Disclosing this on Thursday during a seminar organised for insurance journalists in Uyo, Akwa Ibom …
PRA 2014: Planned review smacks of realities
Weeks after a legal crisis ensued between a retiree and a Pension Fund Administrator (PFA) over lump sum payment, the National Pension Commission (PenCom) has considered it necessary to tinker with the current Pension Reform Act 2014 to be abreast with current dynamics. Sunday Ojeme reports For the first time in its 15 years …
Abu: Why foreign tech firms have advantage over local players
Mr. Wole Abu is the Chief Executive Officer of Pan African Towers Limited, an indigenous infrastructure company in the African telecoms market. In this interview with SAMSON AKINTARO, he speaks on some government policies, opportunities, and challenges in the telecoms market Pan African Towers belongs to the infrastructure segment of the …
JUST IN: LeBron James leads Lakers to first NBA title in a decade
The Los Angeles Lakers ended a decade-long wait for a 17th NBA title as they beat the Miami Heat 106-93 to seal a 4-2 series victory. The Finals’ most valuable player (MVP) LeBron James posted a triple double – scoring 28 points, 14 rebounds and 10 assists – with both Anthony Davis and Rajon …
Read also
You can also check
