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BUSINESS NEWS
Business and Economic News from Nigeria
The rise in interest expense reflects the banks present struggles with generating low-cost deposit.
Is the World Bank loan to Nigeria for Nigeria or for Foreign Investors?
The US dollar is weaker as traders placed a very dovish spin of the Fed shift to inflation targeting.
Banks will continue to report relatively robust profitability (compared to the other listed segments) and dividends.
The new canning line will allow NBC to meet up with increasing sales demand.
Lekoil recorded a loss of $12 million in 2019 as against the $7.8 million loss that it recorded in 2018.
The chopper was bound for Lagos from Port-Harcourt.
New World Bank report paints a grim picture of Nigeria
A back to back negative GDP growth per quarter would be Nigeria’s second recession since 2016.
Profit was impacted by a number of one-off accounting adjustments totaling N17.2b.
The 3 Payment Service Banks are Hope PSB, Moneymaster PSB and 9 PSB.
The name of PSBs must not include any word that links it to the parent company.