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BUSINESS NEWS
Business and Economic News from Nigeria
FG had raised the value-added tax rate as a way to increase government revenue.
The exchange rate disparity between the official and back market rate widened on Monday.
The apex bank disbursed over N152.9 billion to the manufacturing sector to finance 61 manufacturing projects.
Cutix makes a huge chunk of its revenues from Nnewi where it is located.
The current CEO is scheduled to retire by December 31st, 2020.
MPR, Cash Reserve Ratio (CRR), Liquidity ratio, and asymmetric corridor remain unchanged.
The Food index was up 14bps to 15.18%, the highest level since March 2018.
Gold futures dropped slightly lower to trade at $1,808.65, losing about 0.07%.
Zenith Bank told customers that "this review is in response to today’s economic realities.”
Financial and investment experts tell us where to invest a million naira today.
Being the first to publish results, provides a glimmer into what might befall banks this quarter,
Pick up a FirstBank Verve card today and get rewarded with free fuel.