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BUSINESS NEWS
Business and Economic News from Nigeria
United Capital Plc recorded a boost from an increase in three revenue-generating units.
Jaiz Bank has publicly denied media reports purporting a deep rift amongst its Board members.
Nigeria pension fund managers have increased their exposure or asset allocation to foreign money market securities by 214%.
The U.S. Dollar Index that tracks the greenback against a basket of major currencies was up 0.16%.
An advanced crypto analytic tracker revealed 800 million XRP was locked in an escrow account some hours ago.
At the black market where forex is traded unofficially, the Naira appreciated against the dollar to close at N462/$1 on Friday.
Over a million applications have been received for the N5 billion NYIF since the scheme was launched in October.
The U.S oil-based contract, the major indicator used for U.S. crude prices, sold at 35.79 per barrel.
Consumers’ confidence in the Nigerian economy in the 4th quarter has increased with indices of 10.1 points.
MoneyGram collected $9.3 million in Q3 from Ripple for market development fees.
The interim dividend will be paid on or before December 11, 2020 to shareholders whose names appear on the Register as at 7th December 2020.
Flour Mills of Nigeria Plc got a major boost from an increase in its agro-allied revenue-generating unit.