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BUSINESS NEWS

Business and Economic News from Nigeria

Nigeria has to stir economic growth before the replacement of fossil fuel as main source of global energy, Prof Ilebare has said.
Afreximbank has listed eight Nigerian banks in its expanded Trade Finance Intermediary Initiative (TFIs).
San Leon Energy has given an update on its proposed investment in Decklar Petroleum and the Oza Field in Nigeria.
The Dow Jones Industrial Average surged by 1.13%, while the NASDAQ Composite index gained 1.25%, and also S&P 500 index ticked up by 1.29%.
The Naira’s exchange rate at the NAFEX window maintained stability against the dollar to close at N394/$1.
Ripple is presently the third most valuable crypto with a market value of $20.5 billion.
The submission of NIN by subscribers to take place within two weeks (from today December 16, 2020 and end by 30 December, 2020).
Kyari has revealed that the ongoing construction of AKK Gas Pipeline project is at 15% completion currently.
A capital inflow of the sum of $1.46 billion was received by Nigeria in the third quarter of 2020.
Gridlock in Nigerian Port continues to bite harder as haulage cost increases by more than 50% in a week
77% of banking loans went to Lagos State Beneficiaries.
Honeywell is seeking the Apex Court’s intervention following a judgment delivered by the Court of Appeal in its dispute with Ecobank.