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BUSINESS NEWS
Business and Economic News from Nigeria
Sterling Bank Plc, one of Nigeria's tier 2 banks reported that the Central Bank of Nigeria's CBN restricted about N215.5 billion of its customer deposits as of June 2020.
The Naira remained stable again against the dollar to close at N475/$1 on Tuesday.
The project is expected to be operated on a public-private partnership basis.
The plunge came as appetite for risk assets recovered thanks to a stronger greenback and real rates.
ETH’s value in recent months has gained exponentially and will most likely continue to do so.
FGN Bonds are backed by the full faith and credit of the Federal Government of Nigeria.
Dangote Cement also explains that the recent devaluation by the government has not had a negative effect on its finances
The FGN Savings Bond is backed by the full faith of the Federal Government of Nigeria.
In Q1 2020, the company had recorded a revenue drop of 9.3% to N70.2 billion compared to Q1 2019.
Some of the provisions of the amended bill and how it will affect businesses are explained below.
The new Bill introduces some corporate legal innovations aimed at boosting the ease of doing business.
The gold produced is expected to become a part of Nigeria’s external reserve.