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BUSINESS NEWS
Business and Economic News from Nigeria
U.S dollar index gained 0.08% to trade at 96.6980 at 4.30 am local time as currency traders await the U.S. Federal Reserve’s next move.
The naira was strengthened as the commodity-based currency's major earnings, crude oil, remained above the $40 dollar mark
The naira was weakened on the first working day of the week as it depreciated to N387.33 to a dollar at the Investors and Exporters (I&E)
The appointment process for the next Director-General of WTO would formally commence today June 8, 2020 with the process lasting until July 8.
The company was engaged in sanctionable practices in a power generation project financed by the Bank in Mauritius.
Details provided showed that Nigerians working in almost all the sectors were affected by the COVID-19 pandemic.
The performance by banks in Q2 2020 is expected to be much lower, mainly due to the economic fallouts from the COVID-19 pandemic.
It appears there is a correlation between insider dealings and share prices.
Funding rates expanded significantly last week on the back of the N600 billion retail FX funding and CRR Debit.
After the output cut by OPEC+ helped to reduce the supply glut, crude oil prices rebounded to the highest level at over $42 per barrel
The Petroleum Products Pricing Regulatory Agency (PPPRA) has said that contrary to recent publications, the marketers were not...
From the impact of the oil market to the pressures of the Covid-19 pandemic, the market has been expectedly volatile.