MPC recommends CBN increase lending to government via Ways and Means
The MPC urged the CBN to increase its lending to the government as it believes it will help reflate the ...
Tag: Business News
Business and Economic News from Nigeria
Julius Berger Plc records 2.43% increase in 2020 Q4 revenue
Julius Berger Plc recorded a boost in two of its three revenue-generating units, as total revenue increased in Q4 2020.
Nigeria generates N1.53 trillion VAT in 2020, grows by 29%
VAT revenue grew by 29.3% compared to N1.18 trillion recorded in 2019 as professional services sector tops with N162.3 billion ...
High demand for Azure, homework tools boost Microsoft earnings
Microsoft disclosed Azure revenue grew 50% as more businesses integrated into the cloud.
IOCs reject deep water provisions in PIB
IOCs claim deepwater provisions in PIB will deter investments in the Sector.
CBN disburses N106.96 billion to 27,956 AGSMEIS beneficiaries
The CBN has disbursed a total of N106.96 billion to 27,956 beneficiaries of AGSMEIS.
12.6% of Bitcoin supply moved at prices above $30,000
Bitcoin traded at $32,208.24 with a daily trading volume of $58.9 billion and a circulating supply of 18,611,475 BTC coins.
Naira falls to N480/$1 at black market as CBN recognizes forex pressures is weakening the economy
The exchange rate at the black market where forex traded unofficially depreciated at N480/$1 on Tuesday, January 26, 2021.
Covid-19: No more lockdown, CBN advises government
Despite rising Covid-19 cases, the CBN MPC encourages government to avoid locking down the economy again.
$70 billion lost in Crypto market amid rising U.S dollar
Other leading crypto assets including Ethereum, Cardano, Litcoin, Chainlink, Polkadot, and Stellar lost more than 8% in value.
