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BUSINESS NEWS
Business and Economic News from Nigeria
Fidelity Bank Plc follows the narrative of top tier-2 banks, which have had better or easier years.
The U.S. Dollar Index, which monitors the greenback's strength against a basket of major currencies dropped 0.14% to trade at 92.263 points.
Michael Saylor has disclosed billionaires who could turn the price of Bitcoin up, at least three folds.
The naira hit another new low as it depreciated again against the dollar, closing at N484/$1 at the parallel market.
NNPC has improved efficiency by cutting its losses by 97% within a financial year.
The contraction in the oil sector indicates 7.26% points lower than the growth recorded in the previous quarter (Q2 2020, -6.63%)
A recent report estimates that Africa’s internet economy has the potential to reach 5.2% of the continent’s GDP by 2025.
EFG Hermes has reported a group net profit of EGP 422 million for Q3 2020, up by 17.9% YoY.
The SEC has disclosed that state governments have borrowed at least N900 billion from the Nigerian capital market in the last four decades.
Airbnb highlighted the role cryptocurrency and blockchain play in the company’s success in future.
Mariner Wealth Advisors disclosed it is partnering with Eaglebrook Advisors to give its clients access to Bitcoin.
The President announced thousands of beneficiaries received their first monthly payment from our Payroll Support Program.