The Nigerian Correctional Service (NCoS) Kaduna State command, has confirmed the death of four inmates. The death occurred during an attempted jailbreak at the Kaduna Custodial Centre on March 31. The Controller, Kaduna command, Mr. Sanusi Danmusa, disclosed this in a statement made available to the News Agency of Nigeria (NAN) on Saturday in Abuja. […]

Standard Chartered Bank has announced $1billion financing for companies that provide goods and services to help the fight against the Coronavirus (COVID-19) pandemic, and those planning the switch into making products that are in high demand to fight the scourge.

The downward trend in the fortunes of the Naira last month is expected to persist this month even as the nation’s external reserves is expected to trend below $34 billion for the first time since September 2017.
Last month, the external reserves fell for the ninth consecutive months, shedding N1.135 billion. According to the Central Bank of Nigeria (CBN) the reserves fell to $35.164 billion on March 31st from $36.299 billion on February 28th, indicating month-on-month (MoM) decline of 3.1 percent or a reduction by $1.135 billion.

The United Arab Emirates’ central bank said on Sunday it had reduced banks’ reserve requirements for demand deposits by 50% to support the country’s economy during the COVID-19 pandemic. The aggregate value of all capital and liquidity measures adopted by the central bank since March 14 is 256 billion dirhams ($69.70 billion), the Central Bank […]

FCMB Group Plc has announced its financial results for the year ended December 31,  2019 recording Group’s gross revenue of N188 billion from N177.2billion  in the corresponding period of 2018. 
The Bank also recorded profit before tax, which rose by 9 percent to N20.1 billion from N18.442 billion in 2018.