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BUSINESS NEWS
Business and Economic News from Nigeria
Some insurance firms in Nigeria have reportedly resorted to selling off their real estate assets, as the new recapitalisation deadline set by NAICOM draws nearer.
Minister of State for Petroleum, Timipre Sylva said the Organization of OPEC and non-OPEC countries would meet over production cut.
The Ministries, Departments and Agencies (MDAs) remitted a total sum of N622.9 billion to the Federal Government in 2019.
Crude oil prices have fallen sharply during the week yet the CBN still states its price at $61.15.
The Nigeria arm of Rand Merchant Bank (RMB) is responsible for advancing the market share of Société BIC SA (BIC) in the country.
VFD Microfinance Bank has unveiled its flagship product called V®, Nigeria’s first truly virtual bank.
Stanbic's AUDITED report shows no differences in the consolidated statement of profit or loss and the Consolidated statement of financial position.
The IMF and the World Bank have shown concern and preparedness in assisting member countries to deal with the challenges posed by Coronavirus.
Stakeholders have highlighted insufficient electricity supply and unfavourable economic realities as some of the most serious challenges hindering their business operations.
GTBank has released its audited financial results for the year ended December 31, 2019, to the Nigerian and London Stock Exchanges.
The stock market started the month on a bearish note as the All-Share index dipped 1.53% to close at 25,816.57 index points on Monday.
S&P Global Ratings agency has downgraded Nigeria from stable outlook to negative.