Business News
Business and economic news from Nigeria and around the world.
Blue chip firms hit home run; Investors gain N191.5 billion at the Nigerian stock market
On Friday, trading activities on the floor of the NSE closed on the positive route, as the bulls regained their grip on the local bourse
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OPEC+ deal gets boost as Russia, Saudi Arabia consider further output cut
The volatility of the global oil market persists as two of the biggest oil-producing countries are considering further output cuts
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FMN redeems N1 billion pledge to CACOVID relief fund, donates $1.5 million worth of medical supplies
Flour Mills of Nigeria Plc has redeemed its N1 billion pledge to the CBN-led Private Sector Coalition against COVID-19 (CACOVID) fund.
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INEC headquarters gutted by fire
The headquarters of the Independent National Electoral Commission (INEC) in Abuja on Friday, April 17, 2020, was razed by fire.
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FG orders NITDA to design framework for lawful use of citizens’ data
FMoCDE has ordered the Nigeria Data Protection Regulation (NDPR), to design a framework for lawful processing of personal data.
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Nigeria’s food security, GDP growth hinge on financial inclusion of farmers
financial inclusion is the x-factor needed to transition Nigerian farmers from subsistence to a growth phase.
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Uber withdraws financial forecast, reduces assets value by $2 billion
Uber Technologies, has withdrawn its financial forecast for 2020 and said it will be writing down about $2 billion worth...
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Demand for “Inflow dollars” drive exchange rate to as high as N420/$1 compared to “Cash dollars”
COVID-19 pandemic and the crash in oil prices have all but extinguished supply of dollars from the IFEX market (official...
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eTranzact International Plc announces notice of board meeting
eTranzact International Plc has announced that its Board of Directors would meet on Friday, April 24, 2020, via teleconference to decide...
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First Bank enhances palliative measures, promotes e-learning for Nigerians
Nigeria’s leading financial inclusion services provider, FirstBank, has unveiled enhanced palliative measures to help its customers and Nigerians through these...
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