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The Lagos Chamber of Commerce and Industry has said that a one-year tax break will enable businesses to navigate the storms as well as preserve employments. The LCCI President, Toki Mabogunje stated this on Tuesday during a press briefing. Mabogunje stressed that with the COVID-19 induced...

Britain’s economy shrank two percent in the first three months of the year, rocked by the fallout from the coronavirus pandemic, official data showed Wednesday, with analysts predicting even worse to come. Gross domestic product shrank in the first quarter compared with the prior three months...

The Nigeria LNG, on Wednesday, signed the engineering, procurement, and construction (EPC) contract for Train 7 with the SCD Joint Venture Consortium with Saipem, Chiyoda, and Daewoo, as it plans a major expansion in the country’s gas industry. The long-awaited Train 7 project is expected to...

The Federation Accounts Allocation Committee (FAAC) on Friday at its meeting via Virtual Conferencing, chaired by the Permanent Secretary, Federal Ministry of Finance, Budget and National Planning, Dr. Mahmoud Isa-Dutse, shared to the three tiers of government, a total sum of N606.196 billion as...

Forex scarcity due to falling crude oil price forced the Central Bank of Nigeria to access the country’s foreign reserves to make forex available in the economy; NIKE POPOOLA reports that this gulped $3.17bn in the first quarter. The country’s foreign reserves which stood at $38.07bn at the end...

Following sustained interest in most high cap stocks, transactions on the equities sector of the Nigerian Stock Exchange (NSE), continued in an upbeat yesterday, causing the All-Share Index (ASI) to rise further by 0.77 per cent. At Thursday trading, the ASI increased by 183.48 absolute points...

Nigeria exceeds the 5000 mark for covid 19 cases as NCDC announced 193 new cases of the coronavirus in the country, and was reported in the following states; 58-Lagos, 46-Kano, 35-Jigawa, 12-Yobe, 9-FCT, 7-Ogun, 5-Plateau, 5-Gombe, 4-Imo, 3-Edo, 3-Kwara, 3-Borno, 1-Bauchi, 1-Nasarawa, 1-Ondo...

51- Lagos, 23- Jigawa, 16- Bauchi, 16- Katsina, 14- Kano, 10- FCT, 10- Rivers, 9- Kwara, 5- Delta, 5- Kaduna, 4- Sokoto, 4- Oyo, 3- Kebbi, 3- Nasarawa, 3- Osun, 2- Ondo, 1- Ebonyi, 1-Edo, 1- Enugu, 1- Anambra, 1- Plateau, 1- Niger. *4971 cases of COVID-19...

The effect of the halving could be kicking in following Bitcoin price surge above $9,500. The bullish action commenced after a breakdown to $8,100 pre-halving. Since the week started a seller congestion at $9,000 kept the bulls farther away from $10,000. However, with this break above $9,500 the...

Liverpool boss Jurgen Klopp has said he prefers Barcelona star Lionel Messi to eternal rival Cristiano Ronaldo. Ronaldo and Messi, who have been one of football’s greatest rivals for over a decade, faced off in the Spanish La Liga between 2009 and 2018. Eleven out of the last 12 Ballon D’or...

Cholamandalam dips 5%, Spandana Sphoorty surges 5%. Here are the top gainers and losers in the NBFC space. Cholamandalam Investment & Finance Company Ltd.150.00-7.70 (-4.88%) LIC Housing Finance Ltd.263.90-10.60(-3.86%) IIFL Wealth Management Ltd.837.20-29.80(-3.44%) Housing Development Finance...

The Federal Executive Council (FEC) yesterday approved N47 billion for the provision of additional 40 megawatts of electricity to the national grid. Minister of Power, Sale Mamman, made the disclosure while briefing State House correspondents on the outcome of the first e-cabinet meeting...

The equities market halted losing streak to close in an upbeat yesterday, occasioned by renewed interest in high value stocks, causing market capitalisation to gain N7billion. Specifically, at the close of trading, Wednesday, the Nigerian Stock Exchange (NSE) All Share Index (ASI) increased by...

*Confirmed cases = 69,707 *Number of deaths = 2,399 *Recoveries = 24,141 *Infected countries = 54 *Virus- free countries = 0

Lesotho confirmed its first index case of covid-19 in a press release on May 13.In a statement signed by Director- General of Health Services said in part; " The Ministry of Health informs the Basotho nation and the entire community living in Lesotho, that the country now has the first confirmed...

Check out the thread May 13: Lesotho confirmes index case for more info.

The coronavirus pandemic has been confirm in 180 countries globally since it was first discovered in the chinese city of Wuhan in late December 2019.The coronavirus has successful affected the complete 54 countries in Africa, in which the last country to be affected by the coronavirus is Lesotho...

146 new cases of the coronavirus in Nigeria which were detected in the following states; 57- Lagos, 27- Kano, 10- Kwara, 9- Edo, 8- Bauchi, 7- Yobe, 4-Kebbi, 4- Oyo, 3-Katsina, 3- Niger, 2- Plateau, 2- Borno, 2- Sokoto, 2- Benue, 1- Gombe, 1- Enugu, 1- Ebonyi, 1- Ogun, 1- FCT, 1- Rivers...

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