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BUSINESS NEWS
Business and Economic News from Nigeria
MTN Nigeria Communications Plc proposed Commercial Paper Issuance Offer begins today and is scheduled to close on Thursday, June 4, 2020.
FG also seek approval for the revised 2020-2022 mid-term expenditure framework (MTEF) which became necessary as a result of the crash in crude oil prices and the cut in the production output.
Naira has depreciated against the US dollar, as it dropped from N455/$1 to N460/$1 on Thursday afternoon.
Note that Nigeria's inflation could potentially rise to 14% by the end of the year due to a higher VAT and a weakened naira.
Cryptocurrencies do not have same characteristics as financial assets such as bonds due to prices swing
Theta fuel can be bought indirectly on most cryptocurrency exchanges like Binance and Coinbase. You will need to already own an Ethereum or Bitcoin (BTC) before you can trade with it.
“I maintain my innocence with regard to trumped-up allegations that unjustly seek to impugn my honor and integrity, as well as the reputation of the African Development Bank." -Adesina
The report also stated that distillate inventories were up by 6.9 million barrels for the week, as against last week’s 5.1 million barrel inventories.
“These ambulances will help enhance the efficiency of the State Government’s response to the pandemic," said Jigawa State Governor, Muhammad Badaru Abubakar.
“Supported by recovering oil prices, resumption of economic activities and attractive valuations, we have seen the NSE ASI rally from -20.6% in March to -6.1% return Year-to-Date." - Oscar Onyema
“The COVID-19 pandemic has brought about unprecedented changes in our lives and businesses. There is a valid concern that the current economic challenges will exacerbate gender inequality."
Naira appreciated to N455 to a dollar on Wednesday, the first working day of the week after the 2-day sallah break.