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NIGERIAN BUSINESS NEWS
The latest data from the Central Bank of Nigeria reveals Nigeria’s 364-day treasury bills have fallen to 5.3%.
Aliko Dangote has called on the Federal Government to diversify the nation’s economy now while it is still possible.
Sovereign Trust Insurance Plc has blamed a supposed breakdown of its IT system for delaying the publication and release of its audited financial statement for FY 2019.
GTBank Plc, Zenith Bank, Access Bank, First Bank of Nigeria (FBN), and United Bank of Africa (UBA) Plc spent over N4.7 billion on their Corporate Social Responsibilities in 2019.
Commissioner for Transportation, Dr Frederic Oladeinde, said \that the state has not done anything to punish anyone as the same law affects all operators.
There might be hope for Nigeria and other producers in the oil market as Russia says it is still open to OPEC negotiation on oil production cut.
The Nigeria Stock Market continues to experience global financial downturn, caused by the panic that COVID 19 brought to investors.
The CBN has advised Nigerians to adopt alternative payment methods like electronic transfers to avoid the spread of Coronavirus.
Speculators strike as exchange rate falls to N366/$1, stocks lose another N1 trillion.
Minister of State for Petroleum, Timipre Sylva said the Organization of OPEC and non-OPEC countries would meet over production cut.
The Federal Government has commissioned N364 billion locally-assembled vehicles through collaboration with the NADDC.
President Muhammadu Buhari has set up a committee to assess its impact on Nigeria’s 2020 budget