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BUSINESS NEWS

Business and Economic News from Nigeria

Lagos State recorded the highest credit by geographical distribution with N14.92trn accounting for 78.94%.
Precious metal futures gained over 1% to trade at $1917/ounce surging above the $1.900-mark.
The apex bank has advised members of the public to disregard any video or text message proposing investment schemes charging them fees.
Twitter's Jack Dorsey on October 8th disclosed it purchased, 4,709 bitcoins at an estimated worth of $50 million.
The Bank has appointed three new directors to fill existing vacancies as well as furthering its succession plan.
The NNPC boss disclosed that plans were underway to end the oil-for-fuel swap system in the nearest future.
The world's richest saw their wealth climb 27.5% to $10.2trn (£7.9trn) from April to July this year.
AgriTech firms make promises of mouth-watering returns, but what they do not reveal loud enough is just how risky the investment is.
NCDMB and NITDA have agreed to foster their collaboration in the development of local content.
Gold futures prices edged down 0.17% at $1,887/ounce at the time this report was drafted.
The Naira remained stable against the dollar to close at N458/$1 on Wednesday.
The biggest loot of the four transactions was 455.11 BTC (4,851,402 USD) of stolen funds.