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BUSINESS NEWS

Business and Economic News from Nigeria

SEC has declared the activities of Famzhi Interbiz Limited illegal as neither the company nor its products are registered by the Commission.
The board of Directors of Dangote Cement Plc has announced the commencement of its share buy-back programme.
Shareholders have rejected the establishment of an unclaimed dividend trust fund being proposed in the Finance Bill 2021.
The African Development Bank is set to borrow $ 10.4 billion from the capital markets under its 2021 borrowing program.
The Naira appreciated marginally against the dollar, closing at N477/$1 at the parallel market on Friday
Brent crude dropped about 3.20% to trade at $50.59 and WTI futures sank by 3.09% to $47.72.
Elon Musk is now worth $167 billion and within striking distance of the present world’s richest man, Jeff Bezos, estimated to be worth $187 billion.
Chaka Technologies has addressed in a statement, SEC's order restraining it from stock trading.
The recent hike in electricity prices is yet to be factored into the consumer price index which measures the inflation rate
Zenith Bank Nigeria Plc disclosed that it spent over N12 billion in five ) on Corporate Social Responsibility investments in Nigeria.
The SEC restrained fintech startup, Chaka Technologies Limited, and its promoters from advertising or offering for sale shares, stock or other securities.
Seplat has spent a total sum of $66.69 million on Corporate Social Responsibility (CSR) between 2010 and 2019.