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NIGERIAN BUSINESS NEWS
No less than N700 million has been disbursed for the carrying out of survey works on the project site of 3,050 megawatts Mambilla Hydropower Plant in Taraba.
The Federal Government (FG) has shut down the Chinese outlet, Haufei Restaurant & Mall, for discriminating against Nigerians.
Zenith Bank Plc has reportedly been given the green light to merge or acquire Union Bank Nigeria Plc.
It appears the official exchange rate is now N368 per dollar, at least based on a bank customer’s experience and his bank’s response.
The Nigerian equity market, indicators of the Nigerian Stock Exchange, on Friday gained by 0.17%, after four days of consecutive sell pressure.
The CBN has directed Other Financial Institutions (OFIs) to adopt the compulsory Nigeria Uniform Bank Account Number (NUBAN) or face sanctions.
JET Motor Company has raised $9 million from foreign investors as it intensifies the creation of electric vehicles in Nigeria.
Over 100 Bureau De Change Operators were fined N5 million by the Central Bank of Nigeria for various infractions in the foreign exchange market.
FBN Holdings Plc has issued a statement in reaction to a media publication, which suggested that there are ongoing merger talks between First Bank of Nigeria Ltd and Polaris Bank Ltd.
African retail is very fragmented by nature and that is because margins are often slim, traders keep inventory levels at a bare minimum.
The sell-offs in the Nigerian bourse persisted on Thursday, as the All-Share index fell by -3.72% to close at 22,695.88.
Trading on the floor of the Nigerian Stock Market on Wednesday saw another heavy fall in stock prices.