Business News
Business and economic news from Nigeria and around the world.
CBN Approves What Could Make Interswitch The Single Largest Agent Network In Nigeria
The Central Bank of Nigeria (CBN) has just given a go ahead to a subsidiary of Interswitch Group, Interswitch Financial...
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Budget Benchmark Of $38 Per Barrel Price Of Crude Oil Is Not Sacrosanct – Udoma
Minister of budget and planning, Udoma Udo Udoma, has said that the government may reduce the oil benchmark of $38...
Read moreDetailsStatistician General Says Nigeria’s Population Can’t Be 170 million
The Statistician General of the Federation Dr Yemi Kale has in one fell swoop discredited Nigeria's population figure. The erudite...
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FG Wants To Replace Oil As No. 1 Forex Earner By Increasing Non-Oil Export To $25bn
Plans by the President Muhammadu Buhari administration to diversify the revenue base of the economy is on course as the...
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CBN Deputy Governor Says $20bn Idle Funds In Banks Is Killing The Naira
Deputy Governor, Financial System Surveillance, of the Central Bank of Nigeria (CBN), Dr. Joseph Nnana, has lamented that about $20bn...
Read moreDetailsBusiness Round Up (March 4): 53% of Nigerians Are in The Banking System, Nigeria may reduce $38/barrel budget oil benchmark if prices fall further
Punch CFAO NIPEN raises shareholders’ funds to N2.27bn: The Nigerian Ball-Point Pen Industries’ arm of the CFAO Group says it...
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MTN CEO Predicts Nigeria Will Devalue The Naira By 22% This Year
The Chief financial officer of South Africa's MTN Group, Brett Goschen, said that he expects Nigeria to devalue by 22%...
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[$3.9 billion Fine] MTN May List On The Nigerian Stock Exchange
MTN Group may finally get to list its Nigerian unit on the Nigerian Stock Exchange (NSE) once the issue over...
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NNPC To Carry Out Major Shake-Up Next Week, First In 20 Years- Kachikwu
The Nigerian National Petroleum Corporation (NNPC) will undergo a major restructuring next week, according to the Minister of State for...
Read moreDetailsNigerian Stocks Are UP, Diamond Bank Gains 10%
Nigerian stocks ended in a positive today as the All Share Index (ASI) gained 1.65% to close at 25,816.29. The...
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