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NIGERIAN BUSINESS NEWS
There appears to be no respite for the oil crisis, despite the announcement of a deal by OPEC and its allies OPEC+ for output cut.
EFG Hermes, a financial services corporation in Frontier Emerging Markets (FEM), has posted a strong 2019 full-year results, as its revenues rose by 20% to £4.8 billion.
Nigeria's access to raw materials and manufactured goods from other regions could become greatly hampered in the coming weeks.
The bearish trend that is being witnessed in the Nigerian Equity market is a reflection of Nigeria's current economic woes, as weak growth has dragged the Federal Government’s economic plan into great uncertainty.
At the currency exchange rate under the investors and exporters (I&E) window, the naira dropped slightly to close at 386.8.
Nigeria’s external debt hits a 16 year high of $27 billion in December 2019 just higher than the $20.8 billion in external debt level as at 2005.
The Federal Government of Nigeria has expressed concern over the plight of daily wage workers due to the lockdown, and is making plans to provide succour to them.
This article x-rays 10 fantastic things Nigerian billionaire, Alhaji Aliko Dangote has done in the last ten years, as he celebrates his 63rd birthday.
Nigeria recorded a total export revenue of $10.4 billion in 2019, the highest since 2008 which is farthest we can trace Nigeria's export data.
Bike-hailing firms are in talks with the Lagos State Government to lift the ban and resume operation in the state.
The Federal Government is currently considering data subsidy for Nigerians, in order to cushion the impacts of the Coronavirus pandemic in the country, especially among the youths.
PwC Nigeria’s Chief Economist, Dr Andrew S. Nevin, believes the Nigerian Government needs to provide more economic stimulus to manufacturers in order to cushion the adverse effects of the Coronavirus pandemic.