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BUSINESS NEWS
Business and Economic News from Nigeria
This year has been a turbulent one for the oil market as crude oil prices went negative for the first time in history.
The Bank had embarked on several cost minimization initiatives that have continued to yield positive results.
Multichoice recorded 22% growth in subscribers revenue in Nigeria, expects new bouquets and 1H FY2020 migration to drive further growth.
An unknown BTC trader transferred over 132,255 BTC estimated to be roughly worth about $1.3 billion in three transactions just one minute apart.
MoneyGram, a fast-growing platform reported a growth rate of over 100% of the year to year digital transactions on its platforms in Q1 2020.
AfDB announced the resignation of its Vice President for Agriculture, Human and Social Development, Dr. Jennifer Blanke.
There may yet be hope for the industry, even as it proceeds into the second half of the year.
Oil prices continued dropping as investors and traders weighed on oversupply prospects, dollar strengthening, and refining margins
The naira was strengthened on Wednesday as it appreciated to N386.94 to a dollar at the Investors and Exporters (I&E) window, after the day’s trading session
Last week Nigeria’s central bank withdrew around N460 billion from Nigeria’s banking system.
Senate has confirmed the appointment of Mr. Lamido Yuguda as the Director-General of the Securities and Exchange Commission (SEC) and three commissioners.
The projection is coming just days after the CBN released its Treasury Bills calendar for Q3 2020.