Business News
Business and economic news from Nigeria and around the world.
NSE: Market drops by N329.39 billion on Monday, as one stock makes the gainers’ chart
The outbreak of Coronavirus (COVID-19) around the world continues to weigh heavily on investors as it dealt an unexpected shock...
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NOVA Merchant Bank Limited Declares N1.65billion PAT
NOVA Merchant Bank Limited has released its audited results for the financial year ended December 31st, 2019, recording impressive performances...
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NCDMB, Shell to create 30,000 jobs with new partnership deal
NCDMB and Shell Nigeria Gas SNG have signed an agreement to create at least 30,000 direct and indirect jobs in...
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Oil price war threatens Nigeria’s economic stability
Global oil prices declined significantly late yesterday as news reports filtered into the market of an impending price war between...
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Global Financial Market Summary For 9th March 2020
The Nigeria’s local bourse began on Monday morning on a bearish note amid a slump in crude prices, which fell...
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Why Maritime sector slows nation’s GDP
The Group Managing Director, SIFAX Group, Adekunle Oyinloye, has rated the 2019 performance of Maritime low.
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Elliot invests $1 billion in Twitter for one board seat
Elliot Management Corp has invested $1billion in Twitter in exchange for one board seat on the company.
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COVID-19: President Buhari sets up committee to look at impact on 2020 budget
President Muhammadu Buhari has set up a committee to assess its impact on Nigeria’s 2020 budget
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Nigerians dump PoS, as transactions drop by N59.26 billion
Despite the increase in adoption of PoS by merchants, the value of electronic transaction done via PoS dropped by N59.26...
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Nokia secures $560 million loan facility to boost 5G Development
Reports show that the Finnish telecoms company, Nokia recently took up a $561 million loan as it struggles to revive...
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