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NAFDAC seizes over N1.5 billion worth of fake and expired products in Lagos crackdown

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Uzbekistan’s hike of minimum salary for foreign workers takes effect

NBC Act: FG, NBA react to Niger Governor’s shutdown of private radio station

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Business News

Business and economic news from Nigeria and around the world.

Ease of doing Business: NECA seeks more reforms , Unemployment to hit 33.5% in 2020, NECA warns, OPS writes Buhari, demands tax holidays for private sector amid COVID-19 crisis

OPS writes Buhari, demands tax holidays amid COVID-19 crisis

by Ruth Okwumbu-Imafidon

March 25, 2020

The Organised Private Sector has written to President Muhammadu Buhari, demanding for a tax holiday and other palliatives for the private...

Investor moves $133 million worth of Bitcoins, suspected from Coinbase, World's biggest sovereign wealth fund now owns cryptos, Investors cashing in big time, as 95% BTC wallets are currently in profit, blockchain technology, Bitcoin giving better returns than the Nigerian stock market, What it will take Bitcoin to hit $100,000?, Buying signal; Bitcoin whales with 1000 BTC or more continue to rise

Crypto-revolution in Africa

by Olumide Adesina

March 25, 2020

Twitter’s CEO, Jack Dorsey, last year, announced he would be moving to Africa to explore the opportunities in crypto.

NNPC, Chinese firm conclude plans to commence AKK project , NNPC refineries dormant for three months, post losses for 13 straight months, Atlantic Council Global Energy Forum, Pipeline Vandalism: Stakeholder collaboration, critical to tame menace - Kyari, Importing petroleum products must stop, NNPC has over $20bn assets - Kyari, Nigeria loses $750 million to crude oil theft in 2019 – NNPC, NNPC to begin gas pipeline construction for Nigerian economy boost, Crude Oil: Unsold cargoes forces price slash

Crude Oil: Unsold cargoes forces price slash

by CSL Stockbrokers

March 25, 2020

Nigeria cut its official selling price of crude oil to record lows as it looks to clear a glut of...

Nigerian Stock Exchange, NSE: Return of the Bulls, Bulls reign at the bourse as stocks gain N460.69 billion on Wednesday, Okomu, UACN, Ekocorp top gainers list on Friday, Stock Market closed the week bullish as ASI grew 0.94% , Investors gain N41.94 billion on Tuesday as Bulls make rebound, NSE: Bearish trade costa investors N12.2 billion on Tuesday, NEM, Mansard, First Bank lead gaining stocks as ASI grew 0.61%, Nigerian bourse breathes a sigh of relief, index up 0.17%, Bulls charged Nigerian bourse, ASI Index up 1.09% investors gain N128.49 billion, Bulls stage comeback has ASI up 0.19%, investors gain N21.86 billion, Bulls gain momentum, as stimulus package lifts global financial markets, Bulls dominate Nigerian bourse investors gain N162 billion

Bulls stage comeback as ASI up 0.19%, investors gain N21.86 billion

by Olumide Adesina

The Nigerian bourse closed on Tuesday positive as the All Share Index inched by +0.19 % to close at 21,741.16 points.

Politics

Lagos state to shut down markets

by Chike Olisah

The Lagos State Government has announced a shut down of markets, stores in the state with effect from Thursday.

Naira falls to N755/$1 at the black market

Banks’ assets under strain after naira depreciation

by Olumide Adesina

According to Moody’s Investors Services, the depreciation in Naira will put a strain on the assets of Nigerian banks struggling to...

Politics

Bauchi state Governor tests positive to coronavirus

by Chike Olisah

The latest report says that Bauchi State Governor, Bala Mohammed, has tested positive to coronavirus (COVID-19).

Nigeria gradually moves to total lockdown as FG asks public servants to work from home

Politics

Nigeria closer to total lockdown, as FG orders sit at home to its workers

by Ruth Okwumbu-Imafidon

The Federal Government has asked public servants to work from home, as a step to effect social distancing and check...

Diaspora

EU urges nations to unblock borders to allow medical supplies

by Ruth Okwumbu-Imafidon

The EU has appealed to member-countries to unblock their borders to allow freight vehicles carrying basic supplies and medical equipment.

onyema, Market data, CEO NSE, NSE lifts suspension on Omatek Ventures’ shares, NSE launches Comic Book to boost financial literacy, NSE goes public with 2.5 billion ordinary shares in unanimous vote by the members, NSE commemorates 2020 International Women’s Day and rings the bell for gender equality, COVID-19: NSE extends time for submission of financial statements, NSE PUBLISHES GUIDANCE TO FACILITATE EFFECTIVE VIRTUAL MEETINGS FOR STAKEHOLDERS AMIDST COVID-19, NSE Hosts First-Ever Digital Closing Gong Ceremony, NSE set to host financial leaders at upcoming webinar, NSE commemorates world investor week 2020, Agricultural sector can be a game changer for generating forex- Onyema, NGX GMG

COVID-19: NSE extends time for submission of audited financial statements

by Chike Olisah