We have 3 confirmed cases, UBTH, as water scarcity hits ISTH

We have 3 confirmed cases, UBTH, as water scarcity hits ISTH

Following concern that no fewer than 25 health workers at the University of Benn Teaching Hospital, UBTH, are in self isolation to monitor for possible contacting COVID-19 as a result of their contact with a patient who was said to have died of the virus, the hospital has said it has so far received three patients, who have been confirmed positive for the virus.
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Pressures mount on Naira as external reserves heads below $34bn in April

Pressures mount on Naira as external reserves heads below $34bn in April

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.

UAE central bank takes new anti-coronavirus steps, bringing stimulus to $70 billion

UAE central bank takes new anti-coronavirus steps, bringing stimulus to $70 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 revenue up 6.2% to N188 billion

FCMB Group revenue up 6.2% to N188 billion

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.

COVID-19: Bode Akindele tops list of private donors to Oyo’s Endowment Fund

COVID-19: Bode Akindele tops list of private donors to Oyo’s Endowment Fund

As UBA, Unity Bank lead donations by corporate organisations Revered Ibadan businessman, Sir (Chief) Bode Akindele, has emerged the top individual donor to Oyo State COVID-19 Endowment Fund in its first week of coming on stream. The businessman, with a donation of N25 million, which was made at the close of last week topped earlier […]