FCMB Group records impressive half year results as Profit Before Tax rose by 26% to N11.1 billion

The Group recorded an increase in gross revenue by 9% to N98.2 billion.

100% of Chainlink (LINK) wallets are now in profit

by Olumide Adesina

August 5, 2020

Recent data reveals the entire supply of the LINK token is now in profit.

Shoprite’s sales drop by 8.1% in Nigeria in H2 2019 over Xenophobic attacks

Shoprite lays off 115 workers, shuts down second branch in 5 months

by Ruth Okwumbu-Imafidon

August 5, 2020

The company has been reviewing its long-term options in Africa after currency devaluations.

Covid-19 crisis: Virgin Atlantic files for bankruptcy

COVID-19: Virgin Atlantic files for bankruptcy

by Chike Olisah

August 5, 2020

The airline is seeking protection under chapter 15 of the US bankruptcy code.

Sim cards are now virtual and here’s why we like it

by Jenrade Lawal

August 5, 2020

Telcos have moved from macro Sims to micro and nano Sims, now we have the eSims.

OPEC and the major highlights of the Crude Oil markets

by Opeoluwa Dapo-Thomas

August 5, 2020

In recent weeks, oil demand has really suffered a setback.

Exchange rate falls across forex markets as dollar liquidity remains low

by Chike Olisah

August 5, 2020

The Naira depreciated against the dollar at the Investors and Exporters (I&E) window on Tuesday.

Gold prices surge past $2,020 due to weaker U.S dollar

by Olumide Adesina

August 5, 2020

The price of Spot gold as at 05.59 GMT was up by 0.20% to trade at $2,023.41.

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

Nigerian firms expect to start employing again in August – CBN survey

by Ruth Okwumbu-Imafidon

August 5, 2020

Wholesale/retail trade had the highest prospect for employment in August.

Activity level rebound in June as locals sustain dominance

by CSL Stockbrokers

August 4, 2020

Foreign outflows grew to N31.1bn (US$81.8m) compared with N16.8bn (US$44.2m) in May.

Tag: Business News