Updates

Nigerian Stocks Suffer Another Loss, ASI Dips -2.4% W/W on COVID-19 Fears, Falling Oil Prices

March 20, 2020/Cordros Report Nigerian stocks suffered another week of losses as worries deepened about the impact of the novel coronavirus outbreak and as oil prices fell to 17-year lows during the week. The ASI declined by 2.4% w/w, led by selloffs in DANGCEM (-15.2%) and NESTLE (-7.1%). Global economy […]

Coronavirus: FirstBank Deploys Measures to Protect Employees, Customers, Other Stakeholders

March 20, 2020/FirstBank of Nigeria Nigeria’s leading financial inclusion services provider, First Bank of Nigeria Limited, has announced proactive measures it has taken to control the spread of the COVID – 19 (Coronavirus) pandemic. The Bank’s Group Head, Marketing & Corporate Communications, Folake Ani-Mumuney, said “embedded in our corporate strategy […]

More than 600 confirmed cases of COVID-19 in Africa

Twelve countries in the African region are now experiencing local transmission March 20, 2020/WHO Regional Office for Africa More than 600 cases of COVID-19 have been confirmed in 34 countries in Africa as of 19 March, compared with 147 cases one week ago. Although the region has seen a significant […]