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BUSINESS NEWS
Business and Economic News from Nigeria
Stock markets rebounded from some of their recent huge losses on Friday, pushing further away from three-year lows
On Thursday, Unilever Nigeria Plc published its unaudited FY 2019 results, announcing a disappointing 34.0% y/y slump in revenue.
The Nigerian local bourse on Thursday lost all the gain recorded in Wednesday's session to return to the bearish territory as it dropped by 3.12%.
Facebook Inc. has disclosed plans to offer $100 million in grants and ad credits, as the novel Coronavirus ravages around the globe.
The Federal Government has issued a travel ban against 13 countries to curb the spread of Coronavirus (COVID-19).
Bearish sentiments persisted in Nigeria's bourse on Tuesday as the Nigerian All-Share Index and market capitalization declined further
The Bitcoin has dropped to a 12-month low, although it is still up 26% Year-to-date.
Canada has closed its borders to nationals from all countries except the United States of America.
Instagram has moved to stop all adverts and posts about the Coronavirus disease unless they are developed by recognised health bodies.
There are studies and research that the Coronavirus outbreak may be linked to the launch of the 5G internet services in China, in November 2019.
The treaty between Russia and Saudi Arabia seems to have been thrown into the dustbin as the countries are strapping in for a prolonged oil-price conflict.
JPMorgan Chase & Co has joined the host of companies encouraging remote working due to the coronavirus outbreak.