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NIGERIAN BUSINESS NEWS
Many Nigerian banks are reducing how much foreign currency customers can spend abroad as concerns over the impact of the COVID-19 pandemic and drop in crude oil prices worsens Nigeria’s currency situation.
The Central Bank of Nigeria (CBN), on Monday, announced that all deposit money banks in the country and the Nigerian Interbank Settlement System (NIBSS) are to suspend the clearing of all cheque instruments in the Nigerian Clearing System, starting from today March 31st, 2020.
Nigerian music streaming platform, MePlaylistTM, has secured investment from several investors, including Mathew Knowles.
Mrs.Folorunsho Alakija has disclosed that she and her husband, would be contributing N1billion to support the fight against COVID-19 in Nigeria.
Guaranty Trust Bank Plc has held its 2020 Annual General Meeting which was previously scheduled to hold today, long before the Coronavirus pandemic hit Nigeria.
Guaranty Trust Bank Plc has begun fulfilling pledges towards the fight against Covid-19 with the provision of a 110-bed facility at Onikan
Polaris Bank Limited announced yesterday that it would close down most of its banking halls across the country starting from today, March 30th, 2020.
As part of its efforts to cushion the economic effects of the Coronavirus pandemic, the Federal government has granted a three month repayment moratorium for all government funded loans.
UBA has presented the sum of N1 billion to the Lagos State as part of the bank’s commitment to help curb the effect of the Coronavirus (COVID-19).
According to the president, the following businesses will be exempted from the 14-day stay indoors order.
Recent data shows that Africa's biggest economy, Nigeria, is leading other African countries in cryptocurrency usage.
The Minister for Finance, Budget and National Planning, Zainab Ahmed, has warned that Nigeria might go into another round of recession.