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BUSINESS NEWS
Business and Economic News from Nigeria
uLesson has announced that it has closed a $7.5M Series A round.
Nigeria’s inflation climbed to its highest in 3 years and analysts have predicted higher inflationary pressure in 2021.
Is Heineken taking over Champions Brewery?
The exchange rate appreciated on Monday as external reserves cross $36.3 billion
The share price of Champion Breweries' stocks since the resumption of the market last week increased by 32.35%.
A collapse in yields on domestic bills (3 months at 0.35%) and bonds (five-year at 3.5%) is forcing local funds into stocks.
Nigerians paid more money to refill their 12.5Kg gas cylinder in December than they did in November 2020.
It is believed that Nigerian forex traders trade positions worth at least $1.25 million on average every day.
Why the insurance sector is currently the best performing stock market index in the country
The Naira remained stable against the dollar at the Investors and Exporters (I&E) window on Friday, closing at N394.67/$1.
The Crypto futures became overheated and record sell-offs began leading traders to lose more than $527 million in a single day.
The top 5 billionaires, as a group did not do well at the last trading session of the week amid an era showing the U.S dollar rebounded.