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BUSINESS NEWS
Business and Economic News from Nigeria
Fears of a fresh wave of virus infection and renewed lockdown forced the dollar to edge higher.
The 20-paged report was unveiled during a webinar that was organised by The Economist Intelligence Unit.
Netflix has announced a new partnership with Mo Abudu, to bring two literary classics to screen.
The recovery started the following month, with 4.4% rise in April, and 14.5% in May.
The fund is to boost indigenous participation in the oil and gas sector in order to grow local content.
Our objectives have remained to stabilize the macroeconomy, achieve agricultural and food security, ensure energy sufficiency.
The digital dollars would be stored in a distributed database via the internet, on an electronic computer database.
Nigeria's central bank, some weeks ago, resumed dollar sales to individuals and businesses with genuine needs.
A cursory look at data from FMDQ shows that the turnover for the day witnessed significant drop.
Cryptos were not the only financial assets affected yesterday, as stocks globally printed lower.
The external reserves grew from $33.42 billion on April 29th 2020 to about $36.00 billion in May 2020 which is enough to finance seven months of import commitments.
Market capitalization dropped to N13.136 trillion as investors lost N16.88 billion.