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Tag: Business news in Nigeria

Crude oil in Nigeria, Oil producing states in Nigeria, Department of Petroleum Resources, DPR yet to recognise Anambra Enugu and Kogis States as oil producers, West Africa’s crude inventory is building up as demand slows due to Coronavirus, Oil at $26, as Saudi Arabia in no retreat no surrender oil battle with Russia, Crude oil prices fall to $30 as COVID-19 erases gains from oil production cuts, Crude oil prices surge higher as Brent crude hits almost $30 per barrel , Brent crude plunges 5%, world’s second largest economy skips economic growth target

West Africa’s crude inventory is building up as demand slows due to Coronavirus

by Emmanuel Abara Benson

There is an increasing buildup in West Africa’s crude inventory, as the Coronavirus continues to impact negatively on demands from some European countries ...

Economy: IMF & World Bank differ on Nigeria’s growth outlook, Amid coronavirus spread, World Bank to step down global growth forecast , Nigeria to receive first tranche of World Bank’s $3 billion loan soon, World Bank commits $12 billion to curb coronavirus, defend developing countries’ economy

World Bank commits $12 billion to curb coronavirus, defend developing nations’ economy

by Fakoyejo Olalekan

Developing countries struggling with the spread of Coronavirus will receive financial support from the World Bank to battle the virus.

NAHCO

NAHCO retrieves Ethiopian Airlines handling deal

The Nigerian Aviation Handling Company Plc has taken back the ground handling operations of Ethiopian Airlines Cargo and Mail Services, ...

diaspora remittances, Total credit to the economy rose to N19.54trillion – CBN Governor, CRR debits, P-AADS, #EndSARS: CBN says funds in frozen accounts may be linked to terrorist activities, Covid-19: Court closures impacted revenue generation for courts - Emefiele, P&ID dispute: UK Court orders $200 million guarantee to FG, Leaked letter by Poultry Farmers Association triggered CBN emergency approval to import maize, nImplications of CBN's latest devaluation and FX unification, current account deficit, IMF, COVID-19, CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele , Increasing food prices might erase chances of CBN cutting interest rate , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, MPC Member, BVN, Fitch, Foreign excchange (Forex), Overnight rates crash after CBN’s N1.4 trillion deduction, Nigeria’s foreign reserves hit $36.57 billion; Emefiele keeps his word on defending the naira, CBN to support maize farmers, projects 12.5 million metric tons in 18 months, BREAKING: CBN Upscales Greenwich Trust Limited, grants it's operational license for merchant banking, AGSMEIS: CBN expand beneficiaries to 14,638., CBN expands access to mortgage financing

Insufficient electricity, unfavourable economy are among challenges hindering companies –CBN

by Emmanuel Abara Benson

Stakeholders have highlighted insufficient electricity supply and unfavourable economic realities as some of the most serious challenges hindering their business ...

GTBank Sponsors 2020 Lagos International Polo Tournament, Buying opportunity as GTB share price falls to 2 year low, GTBank releases 2019 full year audited results, Guaranty Trust Bank Plc to consider a holding company structure, GTBank launches Beta Health, expands access to health insurance for low-income Nigerians

GTBank releases 2019 full year audited results

GTBank has released its audited financial results for the year ended December 31, 2019, to the Nigerian and London Stock ...

Nigerian stock exchange, All share index, Nigerian bourse, Investors, Bulls gather momentum ASI up 0.48%, gained N55.3 billion, Dangote ,MTN & Gtbank hit a home run as Nigeria’s bourse continues bullish momentum

GTBank, Zenith, UBA, First Bank lead actively traded stocks on Monday

by Samuel Oyekanmi

The stock market started the month on a bearish note as the All-Share index dipped 1.53% to close at 25,816.57 ...

GTB releases FY result for 2019, grows PBT by 7.5%, GT bank obtains approval-in-principle from CBN to operate as Holding Company

GTB releases FY result for 2019, grows PBT by 7.5%

by Chike Olisah

Guaranty Trust Bank Plc (GTB) has released its audited financial statement for full-year December 31, 2019.

Why Nigeria is experiencing its worst inflation in 21 years

S&P downgrades Nigeria

by Nairametrics

S&P Global Ratings agency has downgraded Nigeria from stable outlook to negative.

International Breweries Plc

International Breweries Plc raises N165 billion, Rights Issue fully subscribed

by Chike Olisah

International Breweries Plc has achieved 100% subscription in its just-concluded Rights Issue.

CBN says Dangote Refinery needs 70,000 workers

CBN says Dangote Refinery needs 70,000 workers

by Chidinma Nwagbara

The Dangote Refinery would lead to the employment of over 70,000 Nigerians when it finally starts operation.

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