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NIGERIAN BUSINESS NEWS
NCAA, FAAN, NAMA, AIB, NiMET, are expected to relocate to Abuja within the given time frame stipulated by the Ministry of Aviation
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.
‘’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 price a price so that nobody can profiteer inordinately from the people." - Silva
These follow recent pronouncement by the CBN that it is ready to provide forex for investors who wish to repatriate funds from the country
"The group will continue to focus on business continuity and efficiency, and we have implemented strict measures to preserve resources and strengthen our resilience.”
"We are seeing unprecedented demand to join the Jumia platform, especially for named brands. We believe those dynamics will help accelerate the shift toward online."
The stock market closed today on a positive note, gaining by +0.06% to close at 23,709.44 points as against -1.06% recorded previously.
FG intends financing the N5.36 trillion budget deficit through domestic, foreign loans and proceeds from privatisations.
Although the energy industry provides more than 10 million jobs with almost 8% of the country’s GDP, the US is less dependent on oil compared to average OPEC countries. However, its shale industry remains vulnerable to severe credit crunch and bankruptcies.
As part of the FG efforts to diversify the economy away from volatile oil revenue, it inaugurated the Ajaokuta Presidential Project Implementation Team.
The American WTI fell by 1.55% to sell for $25.38 per barrel, early Wednesday morning after surging 6.8% on Tuesday. Brent crude was down by 2.03% to sell for $29.37 per barrel.
Being a market leader is great, but in times of economic despair, it can quickly turn you into prey.