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UBA donates N5bn to COVID-19 relief support across Africa

… Out Of Which N1bn Goes To Lagos  United Bank for Africa Plc (UBA) today announced a donation of over N5 bn (USD14 million), through the UBA Foundation, to catalyse a comprehensive pan-African response to the fight against the coronavirus (COVID-19) global pandemic. The donation will provide significant and much needed support to Nigeria and…

CBN to remain operational while COVID-19 lasts

The Central Bank of Nigeria (CBN) will remain open despite the raging coronavirus in Nigeria and globally. The CBN said in a statement that its position is in spite of the current impact of the Corona Virus (COVID-19) on the global economy coupled with efforts by the Nigerian Government, including partial lockdown in some states…

Lawan, Gbajabiamila meet Ministers on planned 2020 budget review

The Leadership of the National Assembly on Wednesday held a meeting with some Ministers and Heads of agencies from the Executive arm of Government to brainstorm on the impact of Coronavirus pandemic on the Nigerian economy. The meeting specifically touched on the planned review of the 2020 budget and Medium Term Expenditure Framework and Fiscal…

Oil prices rebound won’t last

Stocks jumped at the start of Tuesday trading due to progress in Washington on a stimulus package, and also on some glimmers of hope in Italy on the rate of deaths and new coronavirus cases. Oil showed some signs of life, but analysts still think that the next major move for prices is down. Oil…

UBA empowers 400 medium, small scale enterprises in Anambra

United Bank for Africa said weekend that it held a Micro Small and Medium Enterprises (MSME) capacity training in Onitsha where about 400 small and medium scale business entrepreneurs in Onitsha, Anambra State, benefitted immensely from the impactful training. The beneficiaries were trained in record keeping, cost reduction, stock compiling, financial and taxation planning, maximising…

Oil prices give signs of further drop

Oil prices rebounded on Thursday on hopes of a trillion-dollar stimulus package from Washington, along with other stimulus measures from governments around the world. The rally was short-lived however, with a growing number of analysts see a deeper bottom for oil. Citi: $5 oil is possible. Citigroup laid out a pessimistic scenario in which WTI…

Zenith Bank rewards shareholders, declares N87.9bn dividend payout

Zenith Bank Plc, on Monday, March 16, 2020 held its 29th Annual General Meeting (AGM) in Abuja, Nigeria, during which the Bank’s shareholders unanimously approved the proposed final dividend of N2.50 per share, bringing the total dividend payment for the 2019 financial year to N2.80 per share with a total value of N87.9 billion. This…

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