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BUSINESS NEWS
Business and Economic News from Nigeria
OPEC decided to exempt Libya from its oil production cuts due to the production lost through conflicts and its closure of ports and oilfields.
The supply will overshoot the demand in a short time and we will likely slide to where we were in early March 2020.
The auditors working on the report gave reasons why they could not meet up with the deadline.
Zilliqa, a fast-rising cryptocurrency, is the 36th most valuable cryptocurrency presently with a market capitalization of $245.25 million
WTO has acknowledged the nomination of Ngozi Okonjo Iweala, as one of the candidates for the position of the DG of the organization.
Jaiz Bank Plc. has proposed a dividend payment of N0.03 kobo per 50 kobo ordinary share, the Company’s AGM will be held at Transcorp Hilton, on 16th of July, 2020.
The naira made a rebound in the foreign exchange market as it gained against the dollar at the parallel market.
Gold futures have been down lately, as global investors lose interest in various safe haven assets and instead, commence investments in riskier assets.
In the US 27% of financial institutions like family offices, investment advisers, pension funds, and hedge funds said they own crypto assets.
The sector accounts for the jobs of as much as 60% of economically active people in the sub-Saharan part of the continent.
Nigerian banks, tend to spend more on advertising compared to companies in other sectors of the economy. And this usually influences their financial performances.
Despite the output cuts from OPEC+ and curtailments in North America, crude oil prices may be short-lived as Brent crude could slip back