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BUSINESS NEWS

Business and Economic News from Nigeria

The World Bank says Nigeria’s $1.5 billion budget support loan request is still in the works, but the country has to do a bit more.
JP Morgan Chase analyst anticipates that prevailing fundamentals could turn global investors away from gold and increase their inflows to Bitcoin.
Key financial metrics are expected to rise on Y-o-Y as Consolidated Hallmark Insurance projects PAT of N282.7 million for Q1 2021.
Stablecoin facilitator and digital asset services provider Paxos has recently filed an application for a National banking license.
A former Shell Executive has told a court that the $1.3 billion Malabu oil field sale was completely lawful.
At the black market, the Naira appreciated against the dollar to close at N478/$1 on Wednesday.
Olam International Limited has secured a medium-term loan from ADB to support smallholder farmers.
NAICOM has come under intense pressure from the House of Reps to suspend the planned recapitalization of insurance firms.
A plan by FG to reduce the pump price of petrol by N5 per litre has been opposed by petroleum product marketers.
Nigerians spend over $7 billion annually on education, health, and personal travel.
Access Bank Plc is in talks about a potential acquisition of assets belonging to Atlas Mara Ltd.
Many stockbrokers have asked the question over and over; “Can online consumer sentiment around brands be used to...