Nigerian Business News Archives

Dividends announced on the Nigerian stock exchange

Sticky Post3 weeks ago

List of Dividends announced so far in 2020 (June)

Everyday Money Matters1 month ago

EMM Podcast: Why GDP grew despite COVID-19

On this episode of the EMM Podcast, Ugodre delved into a number of conflicting personal finance questions and issues making round in the economy as the...

Coronavirus1 month ago

Time for Nigeria to forget crude oil

Nigeria’s economy is in a tight corner, as Brent crude’s value has dropped by half since the worst pandemic in recent history started early this year.

investors, Raging Bulls lift Brent Crude price by 10%

Markets1 month ago

Okomu Oil, Unilever light up Nigerian stock market, investors gain N36.7 billion

Investors gained N36.7 billion at the close of trading on the domestic equities market in Monday’s trading session, with market capitalization rising to N12.4 trillion.

Naira’s true worth,Naira gains on the dollar for the first time since March, Naira forwards hit record high as it crashes to N420/dollar in the parallel market, Naira hits N500 to $1 at the forward market, Naira hits N509 to the dollar at forwards market, demand for the U.S dollar climbs up, Naira hits $387.35 to $1 at currency spot market , Naira sells at N456, Nigeria’s Foreign Reserves drop by over $3 billion in Q1 2020, Investors and Exporters (I&E) window, Naira gains against the dollar, CBN close in on currency speculators

Business News2 months ago

Naira strengthens against the dollar at I&E window, closes at N386 to $1

The local currency strengthened by N0.58 against the dollar, compared to the N386.58 to a dollar that it traded on Thursday.

aviation, The nature of Nigeria's ban on Boeing 737 Max 8, FAAN commences renovations of Enugu Airport , Land dispute threatens reopening of Enugu Airport , Here is reason Turkish Airlines was allowed to land in Abuja, Aviation industry's 2019 GDP contribution hits N198 billion but 2020 will be worse

Business News2 months ago

Aviation Minister orders NCAA, FAAN, others to relocate to Abuja in 45 days

NCAA, FAAN, NAMA, AIB, NiMET, are expected to relocate to Abuja within the given time frame stipulated by the Ministry of Aviation

Nigeria Mining Sector shows growth prospect despite low bank credit provision, Gold hits eight-year high as global recession sentiments strengthened, Gold hits three weeks high, Investors rush to gold, Gold Future Drops to $1727.80 as Tensions Escalate between America and China, Precious metals slump, investors focus on Central Bank’s intervention, FG inaugurates gold refinery project in a landmark event

Markets2 months ago

Gold records 3-week high, as investors rush to safe haven

Global investors rushed for the gold after mixed results coming from China’s economic data as well as the huge upsurge in jobless claims in America.

IOCs, Nigeria, Timipre Sylva, crude oil, Minister proposes 2020 timeline for rehabilitation of Warri, Kaduna refineries , FG to cut huge energy cost through gas commercialisation initiative, FG discloses plan to sell fuel at N97 per litre , FG give reasons why it won’t allow marketers determine petrol price despite deregulation

Business News2 months ago

FG gives reasons marketers are not allowed to determine petrol price

‘’Anywhere in the world, if you want to buy anything, you have what is called the recommended retail price, the consumer protection agency would fix a...

Banks, Happy Jumping Photo by Val Vesa on Unsplash

Currencies2 months ago

Banks text customers to come and buy dollars

These follow recent pronouncement by the CBN that it is ready to provide forex for investors who wish to repatriate funds from the country

MTN Group Limited, MTN Nigeria to raise N100 billion through commercial paper , Will October be a month not to remember for MTN Nigeria? , Why MTN is being dragged to court by families of American soldiers ,MTN Group Ltd is confident its FY 2019 earnings will rise by 50%

Business News2 months ago

COVID-19: MTN says it has put strict measures in place to preserve resources

"The group will continue to focus on business continuity and efficiency, and we have implemented strict measures to preserve resources and strengthen our resilience.”