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BUSINESS NEWS
Business and Economic News from Nigeria
Bitcoin, the world’s largest digital coin, briefly surged above the $10,000 mark, as demand for it gained momentum.
The report claims Covid-19 will impact FinTechs in a disproportionate manner.
Economies are opening up, however, the recovery is gradual and will take some time for oil prices to hit pre-COVID-19 levels.
The exchange at the start of the week was N385.33.
In 2019, the Nigerian aviation sector was the fastest growing sector in Nigeria in real GDP terms, up 13.2% y/y to N83.5bn.
Nigeria's economy faces a double threat from the coronavirus pandemic and lower oil prices, which have badly affected its revenue
Nigeria’s 5 years onshore Non-Deliverable forward contract posted its biggest drop by plunging 27% from N413.36 to close at N569.69.
Ecobank Nigeria has been in the forefront in supporting the public and government since the commencement of the fight against COVID-19.
First Bank will host a virtual SME Business Clinic to provide insightful information on how SMEs can better manage their financial activities
Local media reports citing a recent report by NNPC say the federal government paid N752bn as a petrol subsidy in 2019.
Nigerian Stock Exchange is searching for a successor to Chief Executive Officer Oscar Onyema, whose two terms of 5-year each leadership of the exchange is expected to end by March 31, 2021.
Nigerian Banks increased their contributions towards the AMCON sinking Fund to about N167 billion in 2019 compared to about N154,9 billion a year earlier.