Business News

Entertainment

Nigerian box office crosses N10 billion in revenue after 8 months

U.S. Embassy, consulate in Nigeria to close September 1 for Labor Day

FG credits Naira rebound to oil receipts, diaspora remittances, and FX backlog clearance

Home Category Business News

Business News

Business and economic news from Nigeria and around the world.

FG warns Nigerians about on-going N3million COVID-19 grant scam, IMF, World bank loans, Over 56% of 2019 budget expenditure was released for capital projects , FG changes decision to sell stake of oil assets in JVs, Finance Bill: Nigeria exempts small businesses from Company Income Tax , Finance Bill is for the good of Nigerians – Finance Minister, Zainab Ahmed, Nigeria, five other West African countries reject ‘Eco’ as ECOWAS single currency, FG rejects calls for tax reduction, tax relief for donors to intervention funds, Nigerian economy going into recession, might contract by -8.9% - Finance Minister, Nigeria to spend $33.20 billion in 2021 up 17.2%, will spend 25% of budget on debt servicing - Finance Ministry, COVID -19: FG accesses $750m loans from World Bank for states

FG rejects calls for tax reduction, offers tax relief for donors to intervention funds

by Chike Olisah

FG has rejected calls from some experts for reduction of taxes as part of the palliatives to reduce the adverse...

FG records revenue of N676.41 billion in July, AGF launches Committee on Financial Transparency Guidelines and Open Treasury Portal, Office of Nigeria's Account General is reportedly engulfed in flames, Auditor-General, Accountant-General, grants, FAAC disburses N327.68 billion to States and LGAs in September, as allocation drops again,

UPDATE: Office of Nigeria’s Accountant General is reportedly engulfed in flames

by Emmanuel Abara Benson

The Abuja office of Nigeria's Accountant General, Ahmed Idris, is currently engulfed in flames.

NAHCO reacts to $8.06 million intercepted by Customs at Lagos Airport, Audit Query: Customs CG disagrees with AGF over N28bn unremitted funds. Nigerian Customs Service to distribute N3.2 billion food items

Nigeria Customs Service to distribute N3.2 billion worth of food items

by Chidinma Nwagbara

The Nigeria Customs Service (NCS) has announced its decision to distribute relief materials valued at N3.2 billion to Nigerians.

How Cryptocurrency-Based Companies Like Patricia are Shaping the Digital Currency Market in Nigeria,Bears extend reign to crypto market, drops by about 50%, Answering the big Bitcoin question - buy, sell or hold?, Why cryptocurrencies are falling lately, Nigerians passion for bitcoin, Bulls push Bitcoin pass $7200 level, Bitcoin breaks past $7500 for the first time since early March, Nigerians Beware Of Bitcoin Fraudsters

Bulls push Bitcoin pass $7,200 mark

by Olumide Adesina

Bitcoin has seen an increase of $500 to its price, after three failed attempts to break above the Fibonacci level (61.8%) at $7200.

net interest income, Nigerian Banks, Fitch, Nigerian banks tremble over Cyber attack, Most Nigerian banks are very likely to fail stress tests should the economic downturn persists and deepens, What Banks can do to improve Real Sector Lending in 2021

Oil firms’ debt status: How it affects Nigerian banks

by Olumide Adesina

The financial approach used by Nigeria’s oil companies against lower oil prices will affect their chances of making it through.

Kristalina Georgieva, IMF boss hints at 'synchronized slowdown' in global growth , IMF: 40% of African countries can't pay back their debts , Nigeria worse off, posts grows lower than LIDC benchmark - IMF, Measures introduced by Nigeria to ensure transparent use of the $3.4b IMF loan

IMF considering an “emergency” bailout for Nigeria

by Chike Olisah

IMF considering a massive bailout that could help save Nigeria from a major economic crisis.

Payroll Support Program, President Buhari appoints 9 Chief Executives for government agencies, Nigerian British firm, Bail-Out Fund: FG deducts N122 billion from states’ account in 7-months [Full-List] , JUST IN: Buhari submits 2020 MTEF to Senate , FG to intervene in tech operation as lockdown causes chaos in tech market

FG sets committee to support tech start-ups with affordable internet access amid lockdown

by Fakoyejo Olalekan

Federal Government has set up a committee to select some tech start-ups that could partake in essential services during lockdown...

How your stocks performed last week, Bears rule at the stock market, lose N174.37 billion on Wednesday , Nigerian bourse up 0.54% as Investors gain N63 billionBears dominate Nigerian bourse Index down 0.94%, trading volume remains low,Bears dominate Nigeria bourse trading session, ASI down 2.02%, Bulls lift Nigerian bourse, Index up 1.24%, Investors gain N133 billion, Banking Stocks stop the raging bulls at the Nigerian Stock Market index down 0.01%

Bulls lift Nigerian bourse, investors gain N133 billion

by Olumide Adesina

The Nigerian bourse ended Tuesday’s trading session in the green, halting its previous losses as the All Share Index improved...

Coronavirus outbreak: WhatsApp cuts number of contact users to receive forwarded messages

COVID-19: WhatsApp plans to slash forwarded messages beyond 25%

by Fakoyejo Olalekan

WhatsApp has again reduced the number of contacts that can receive forwarded messages at a time, to curb the sharing of negative information on Coronavirus.

Military located bandits in kankara, Q1 2020 National Debt report, Buhari finally speaks on NDDC probe, urges NA to act with a sense of urgency,National Human Rights Commission,Presidency bows to pressure, agrees to demand made by EndSARS protesters, Our economy is too fragile to bear another round of lockdown-Buhari, Zarbarmari: Massacre by Boko Haram is nothing short of senseless, barbaric, gruesome and cowardly- Buhari

FG to go ahead with Eurobond payment, seeks debt relief from china, multilateral agencies

by Chike Olisah