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BUSINESS NEWS
Business and Economic News from Nigeria
AfDB has approved a $7 million grant from the Sustainable Energy Fund for Africa (SEFA) to support the renewable mini-grid industry.
Zinox Technologies has denied reports that its boss, Leo Stan Ekeh has been indicted by the Police, EFCC, or any court in Nigeria.
AIICO Insurance Plc has recorded a 126% subscription of its recently concluded rights issue.
Following the fire accident that led to the death of a worker, ExxonMobil has declared a force majeure on Qua Iboe terminal.
The Naira remained stable against the dollar, closing at N476/$1 at the parallel market on Tuesday.
Stakeholders in the agricultural value chain have been advised to embrace insurance to reduce retained risk and remain sustainable.
President Buhari has disclosed that the country will soon achieve its dream of fully utilizing its abundant gas potential.
Global businesses can now raise funds on the biggest and most liquid stock exchange in the world, through direct listings
XRP was trading at $0.40482 down 30.01% on the day, turning out to be the largest one-day percentage loss since March 12.
At the time of writing this report, Brent oil futures were down by 1.06% to $49.30 thereby dropping below the $50 mark.
NCC reports indicate that MTN leads other GSM operators in Nigeria with 83.3m telephony subscribers as of October 2020.
Dana Air has commenced an investigation into the altercation that saw a man with a disability denied of flying.