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BUSINESS NEWS
Business and Economic News from Nigeria
Commenting on the development, the Minister of Communications, Isa Pantanmi, stressed that the COVID-19 pandemic has brought to the fore the importance of broadband penetration in supporting the country’s economy.
Brent crude lost 5.50%, to trade at $34.05 a barrel by 6 am Nigerian local time after gaining nearly 1% on Thursday.
MPC meeting was shifted due to the public holidays the Federal Government declared, which coincide with the old dates chosen for the meeting.
Today’s stock market uptrend was impacted by gains recorded in High Cap stocks like Mobil, Zenith Bank, Guaranty Trust Bank, Unilever, and BUACEMENT.
Sukuk proceeds will be used solely for the construction and rehabilitation of key roads across the six geopolitical zones of the country.
U.S dollar gains strength, Investors turned to the dollar as their haven asset after the report cut their hopes for a potential cure for the COVID-19 virus.
A mysterious entity moved 40 BTC from an address that has been inactive for more than ten years, reports say Satoshi Nakamoto might be a bearish ‘ghost’,
Nigeria lacks accountability, transparency, and responsibility to refund its loans, according to Dr Bongo Adi, the Director of Centre for Infrastructure Policy Regulation and Advancement (CIPRA) at the Lagos Business School.
Brent crude futures gained 0.59%, at $35.96 per barrel, while the U.S. West Texas Intermediate (WTI) crude futures also gained 1.07%, at $33.85 a barrel.
BUA Cement's Profit before Tax (PBT) for the period rose 69.1% (y/y) from N39.17 billion in 2018 to N66.23 billion.
He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), a CFA charter holder, and also holds a Certificate in Financial Asset Management and Engineering from the Swiss Finance Institute, Geneva, Switzerland.
MTN's 4G network currently covers approximately 40% of its coverage locations, which translates to about 65 million data customers.