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BUSINESS NEWS

Business and Economic News from Nigeria

Ecobank Transnational Inc. recorded an 11% increase in its interest income to N139.6 billion for 2020 Q3, from N125.93 billion recorded in 2019 Q3.
XRP traded at $0.565884 and is down by 10.12% in the last 24 hours.
The CBN Governor has disclosed the reason the apex bank amended the procedures for receipt of diaspora remittances into the country.
Gold was the go-to asset class to hold cash in times of uncertainty but cryptocurrencies are now seeing big utility enhancements.
The FIRS has stated that it shall recover all outstanding debt with penalties and interest from January 1, 2021.
Foreign airlines operating in Nigeria are having difficulties repatriating funds back to their operational base.
Nigeria's former Petroleum Minister has said that the sale of the $1.3 billion Malabu oil field to Shell and Eni in 2021 was legally perfect.
ABC Transport Plc has secured the approval of its shareholders to raise additional capital through a rights issue.
CBN issues update on how dollar transfers from friends and family living abroad should be paid
The Central Bank of Nigeria has announced the introduction of a Special Bill with unique features.
The Nigerian stock market closed the month of October with aplomb posting the biggest monthly gains in almost two years.
Lou Odunuga discusses on Nairametrics' Business Half Hour how Betacar.ng has prioritised ensuring purchases of quality certified cars can be stress-free.