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BUSINESS NEWS
Business and Economic News from Nigeria
Multichoice has insisted that it is not technically and commercially feasible to run the Pay-As-You-Go billing model.
WHO has warned Africa not to relax despite recording lower cases and mortality rates compared to other regions of the world.
IGR of the 36 states of the federation and FCT declined by 12% y/y to N612.87bn in H1 2020 from N693.91bn in H1 2019.
The naira remained stable against the dollar, closing at N457/$1 at the parallel market on Friday.
Crude oil prices drifted lower at the first trading session of the week.
Nigeria recorded the lowest remittances from abroad since 2008 as Covid-19 affected the income of Nigerians living abroad
Nigeria recorded a whopping 52% drop in exports proceeds in the quarter ending June 2020 mostly due to the effects of Covid-19.
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Discos have been warned to compensate consumers should they fail to supply them the required amount of electricity in the new tariff regulation.
Fifty-three (53) equities appreciated at price during the week, higher than thirty-six (36) equities in the previous week.
MTN Nigeria's Dola Bamgboye has been unfortunately snatched by the cold hands of death.
FG approves the establishment of Shoe, Garment, and Leather processing factories worth N5.08 billion
The Federal Government has approved the establishment of Shoe, Garment, and Leather factories in Kano and Abia.