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BUSINESS NEWS

Business and Economic News from Nigeria

The Federal Government's Special Concession Account has netted the sum of N2,400,689,340.
TikTok is taking steps to reduced misinformation by removing videos that are identified to be spreading false information.
PayPal had an addition of 16 million in net new active accounts and processed $277 billion in total payment volume.
The founder of Cutix Plc has increased more stakes in the company with the purchase of 1 million additional shares.
XRP traded at $0.3816 during the second trading session of the week, down 30.91% for the day.
The exchange rate between the naira and the dollar appreciated closing at N394/$1 at the NAFEX where forex is traded officially.
NCC has stepped up measures towards protecting the consumers in cases of fast data depletion and wrong deductions.
NCR Nigeria Plc (NCR) recorded a significant increase in its 2020 FY pre-tax profits, as total revenue declined.
CWG Plc (CWG) recorded a decline in its 2020 FY pre-tax profit, as total revenue increased.
Bitcoin Balance on Exchanges just reached a 2-year low of 2,348,226.622 BTC.
The exchange rate at the black market where forex is traded unofficially depreciated at N480/$1 and during the intraday trading at NAFEX.
Visa recently disclosed that in order to make Bitcoin, other crypto-assets safer, useful, and applicable, Visa might add them to the company's payments network