Nigeria Inflation rate hits 12.2% as food index rises
Data from the National Bureau of Statistics (NBS) reveal that Nigeria’s inflation rate increased by 12.20% (year-on-year) in February 2020. ...
Tag: Nigerian Business News
Bears return, Nigeria’s local bourse drops 0.12%
The Nigerian bourse fell slightly to open the week, as the Nigerian All Share Index/Market Capitalization declined by 0.12%.
Ekiti, Jigawa, Abia, 10 others record no investment in 2019
Ekiti, Kogi, Sokoto, Bayelsa, Ebonyi, Gombe, Jigawa, Abia and five other state governments failed to attract investments in 2019, a ...
FG suspends plan to obtain $22.7 billion loan
Federal Government has suspended its plan to obtain $22.7 billion external loan due to current realities in the global economic ...
Uncertainty strengthened as foreign portfolio investors pull out funds
Driven by fears of naira being weakened at the fallout in last week's plunge in oil price, foreign portfolios investors ...
CBN slashes special interest rate to 5%, directs banks to restructure loan terms
The Central Bank of Nigeria (CBN) has disclosed that the interest rates on all applicable apex bank's intervention facilities have ...
Access Bank flags-off DiamondXtra Season 12
Access Bank Plc, at the weekend, commenced the 12th season of its DiamondXtra promo as part of its continuous drive ...
Aviation’s GDP contribution up by 0.14%, 2020 will be down
According to the National Bureau of Statistics (NBS), the contribution of the Aviation industry to Nigeria's economy increased by 0.14% ...
GTBank, Access, 2 others pay PWC, KPMG N3.17 billion as audit fees in 2019
Data from four of the Tier 1 banks in Nigeria revealed that PwC and KPMG earned N3.17 billion as audit ...
CBN considers interest rate cut as trade, economy decline over Coronavirus
With coronavirus affecting prices of goods, the governor of the CBN, Godwin Emefiele says the CBN is contemplating reducing interest rate.
