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archiveAugust 6, 2020

CAPITAL MARKETMARKETSTOP STORY

FBN Holdings’ GMD lists benefits of N25bn injection into FirstBank

The Group Managing Director of FBN Holdings Plc, Mr. UK Eke, has said that the injection of N25 billion capital into the group commercial banking arm, FirstBank, is in line with the Group’s mandate of delivering greater value to shareholders and strengthening the resolve to consolidate its leadership in the...
NEWSTOP STORY

CACOVID to give N23bn palliatives to 10 million Nigerians

The Organised Private Sector Coalition against COVID-19 (CACOVID) has commenced distribution exercise of palliatives worth N23billion targeted at 10 million Nigerians. Zouera Youssoufou, the CACOVID Administrator, made this known on Thursday. President Muhammadu Buhari had in May approved the opening of five COVID-19 Donor Accounts. In April, the Central Bank...
NEWSTOP STORY

Police seize container of codeine in Lagos

Police detectives in Apapa Area Command of Lagos State have intercepted a 40-foot container laden with drugs suspected to be tramadol and codeine. The container was intercepted on water and taken to a bonded terminal in Apapa. A team of officers from Customs and the National Drug Law Enforcement Agency...
NEWSTOP STORY

PDP rejects FG’s reviewed broadcast code

.says it's aimed at muzzling media The People’s Democratic Party (PDP) has rejected the reviewed broadcast code introduced by the federal government. In a statement on Thursday by its spokesman, Kola Ologbondiyan, the party said the code was another draconian measure to suppress free speech. The federal government had, on...
BOND MARKETMARKETSTOP STORY

DMO resumes bond sales

The Debt Management Office (DMO) on Thursday announced the resumption of its offer of the Federal Government of Nigeria Savings Bond (FGN Savings Bond) effective August 2020. The DMO, in a statement, said it was constrained to suspend the monthly offers of the FGN Savings Bond in April 2020 due...
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