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NIGERIAN BUSINESS NEWS
The Nigerian National Petroleum Corporation and its partners in the oil and gas sector is set to donate the sum of N11 billion to curb the coronavirus pandemic and reduce its effects on the Nigerian economy.
The Central Bank of Nigeria, in a note issued to Bureau De Change operators (BDCs) in the country, suspended the sales of foreign currency for two weeks.
Fitch Ratings has downgraded the three-highest rated banks in Nigeria - Zenith, GTB and UBA to Long-Term Issuer Default Rating (IDR) 'B' and Viability Rating (VR) 'b'.
Brace up; The effect of the oil price war between Saudi Arabia and Russia as well as Covid-19 virus is expected to throw Nigeria into another recession by the end of 2020.
Naira depreciates to N410 per dollar as local currency weakens
Standard Chartered Bank has launched a cashback reward campaign running till the end of March 2020.
S&P Global Ratings agency has pushed Nigeria deeper into ‘junk’ territory to B-, as Mexico was lowered to BBB, leaving it just two cuts from junk.
COVID-19: Nigerian industrialist, Abdulsamad Rabiu donates N1 billion in cash for support in Nigeria
To strengthen national response to COVID-19 in Nigeria, Industrialist and Founder of BUA Group, Abdul Samad Rabiu, has announced a donation of 1 billion.
Nigerian currency traders are refusing to show rates to sell the U.S. dollar after the CBN vowed to crack down on speculators.
The Central Bank of Nigeria (CBN) and the Banker’s Committee on Thursday, said it was forming the Nigerian Private Sector Coalition Against COVID-19.
Central Bank of Nigeria (CBN) has suspended the sales of foreign exchange to operators of Bureau de Change until further notice
Bitcoin and Giftcards trading giant, PATRICIA has announced that its management and staff will be working remotely starting from Monday 23rd March 2020, while assuring customers and users of their commitment to continuously provide exceptional services while ensuring the safety of all employees.