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NIGERIAN BUSINESS NEWS
Brent crude futures slumped by more than 25% on Tuesday 10.45 am Nigerian local time, closing below $20 a barrel.
Executives in different industries are seeking innovative ways to protect the health of their employees whilst reinforcing their companies’ resilience amid the COVID-19 pandemic.
This Earnings Press Release should be read in conjunction with the Unaudited Financial Statements for the period ended March 31, 2020.
U.S. crude rose on Tuesday morning, but a historic fall in its May contract, which plunged below zero, raised concerns among investors
CBN introduced an N50 billion Targeted Credit Facility (TCF) as a stimulus package to support households and micro, small and medium enterprises (MSMEs) that are affected by the coronavirus pandemic
UAC of Nigeria Plc released its FY2019 audited results over the weekend. We note that the comparative figures of FY 2018 were restated to align with FY 2019, following the reclassification of UPDC (the real estate business) as discontinued operations.
Stanbic IBTC Holdings Plc has updated its stakeholders about its business continuity approach amid the current Covid-19 lockdowns in Abuja, Lagos, and Ogun states.
According to the NBS report, month on month, inflation rose by 12.26% in March 2020, higher than the rate (12.20%) recorded in February and 12.13% in January. The inflation rate in Nigeria rose for the 8th consecutive month as recession looms in the Nigerian economy amidst the rapid spread of COVID-19 pandemic
First Bank Nigeria Holdings announced its unaudited results for the three months that ended on 31st March 2020, it made N104.9 billion from interest income
Ikeja Hotels Plc has announced that its board of directors will be held via teleconferencing on Wednesday, April 22, 2020, by 11 am
The pandemic has completely changed the world, every facet of our existence has been affected as human contact is now considered dangerous.
US crude oil futures turned negative as it crashed below zero dollars for the first time in history on Monday, April 20, 2020.