Business News

The Federal Government of Nigeria to enforce a 14-day lockdown, this is how top Chief Executives have spent their period...

OPEC deal in jeopardy as Mexico refuses to accept production cuts

by Nairametrics

The meeting with OPEC and its OPEC+ countries took a u-turn late on Thursday after Mexico refused to accept production...

Concerns as Shell declares force majeure on Forcados terminal

by Nairametrics

Reports from Reuters indicates oil-producing giant, Shell has declared force majeure on exports of Nigerian Forcados crude oil. The Trans...

Corporate affairs commission (CAC) building on fire

Lagos Airport hotel fire razes three vehicles

by Abiola Odutola

There was a fire incident at the premises of Ikeja Airport Hotel, Lagos on Thursday evening and has razed three...

Ruffer, alias 50 Cent, makes $2.6 million in a month as Coronavirus strikes financial market

Ruffer ’50 cent’ makes $2.6 billion, as Coronavirus strikes financial market

by Fakoyejo Olalekan

The fear of Coronavirus has enriched Ruffer, a London investment fund, with $2.6 billion amidst a sell-off caused by the COVID-19 outbreak.

World Bank picks holes in CBN’s policies on lending, MSMEs loans,Covid-19: World discloses when sub-Saharan will fall into recession, World Bank predicts rebound of Sub-Saharan Africa’s economy next year, World Bank warns Nigeria, others in Africa not to relax.

Covid-19: World Bank discloses when Sub-Saharan Africa will fall into recession

by Chike Olisah

The dreaded Coronavirus pandemic is expected to drive Sub-Saharan Africa into its first recession in 25 years.

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 dominate Nigerian bourse, investors gain N162 billion

by Olumide Adesina

The Nigerian bourse continued its upward trend as the benchmark All Share Index recorded a 1.47% increase to close at...

NERC, license, notice, FG owes DisCos over N500 billion to electricity Subsidy - PwC , Power: DisCos remain the weakest link, NERC Issues 8 DisCos notice for cancellation of License , DisCos respond to NERC’s threat to cancel operating license of eight DisCos, DisCos earned N473 billion in 2019, reveal reason for metering gap

Free power supply: Not yet approved – DisCos

by Abiola Odutola

DisCos have disclosed that the free two months power supply suggested by the National Assembly is still a proposal and...

Mark Zuckerberg loses $88 billion in less than a year as Meta misses again

Facebook to expand Coronavirus Information Centre to Nigeria, 16 other African countries

by Fakoyejo Olalekan

Nigeria and 16 other African countries will now have Facebook's Coronavirus Information Centres, as the tech giant further expands its media...

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

Report identifies banks expected to raise equity after COVID-19 flattens

by Nairametrics