Nigerian banks at risk due to debts by independent oil producers
According to data from the Central Bank of Nigeria (CBN), about a third of loans by Nigerian banks were given ...
Tag: Nigerian Business News
Nigeria’s bonny light crude price falls below Brent crude, WTI
Nigeria seems to be falling into a deeper revenue mess as the price of the country’s headline crude, Bonny light ...
Why COVID-19 can’t stop the US dollar
Even with the coronavirus pandemic having devastating impacts across the global market and wiping out trillions of dollars of assets, ...
Nigerians react as FIRS Chairman asks companies to pay tax before due date
Nigerians have been reacting to the circular from the Executive Chairman of Federal Inland Revenue Service (FIRS), Muhammad Nami, to ...
CBN’s N50 billion loan: NIRSAL warns Nigerians against fake loan adverts
NIRSAL Microfinance Bank (NMFB) has warned Nigerians to stay clear from advertisements that claimed state governments or organisations partner Central ...
Nigerian crude producers smashed by low crude oil prices
Nigeria’s local oil players are having it rough based on falling crude oil prices, with recent prices lower than local production
Access Bank’s fixed income dealer explains why interbank rates will remain depressed
Experts have projected that the interbank rates at the Nigerian money market will remain depressed in the meantime.
Royal Rumble week at the Nigerian Stock Market
A total turnover of 1.195 billion shares worth N13.979 billion in 20,591 deals was traded this week at the Nigerian ...
Shoprite’s sales drop by 8.1% in Nigeria in H2 2019 over Xenophobic attacks
The supermarket arm of Shoprite Holdings in Nigeria lost 8.1% of its sales in constant currency terms at the end ...
Dangote Cement’s debut N100 billion bond issuance has been oversubscribed by investors
Earlier in the week, Dangote Cement Plc announced the successful issuance of its N100 billion Series 1 Fixed Rate Senior ...
