Dangote, Zenith Bank Donate N200m As Relief Fund For Abule Ado Victims
Zenith Bank Plc and Dangote Cement donated N100 million naira each towards the Lagos relief fund for victims of the...
Oil Price Crash Deepens, Falls Below $27.50 Per Barrel
Nigeria’s income from oil and gas in 2020 is projected to fall by 50% to 85% as a result the...
Coronavirus: IMF Releases Policy Measures
As the Coronavirus continue to take its toll on different sectors of the world’s economy, the International Monetary Fund (IMF)...
Nigeria’s Inflation Rate Jumps To 12.2%
The consumer price index (CPI) which measures inflation increased by 12.20% in February 2020. This 0.07% higher than the rate...
Chinese Billionaire, Jack Ma, Donates Coronavirus Test Kits To Africa
Co-founder of Alibaba, Jack Ma, has pledged to donate test kits to Africa to aid its fight against the Coronavirus...
Nigerian Banks To Restructure Loan Terms, Interest Rate Now 5%
The Central bank has announced six new policies to soften the burden of the impact of the Coronavirus pandemic on...
Aviation Industry Contributes N198.6bn To Nigerian Economy
The Aviation industry contributed N198.6bn to Nigeria’s economy in 2019, National Bureau of Statistics reveals. There are however concerns that...
Crude Oil Price Nears $30 Per Barrel
The Oil price crash deepened on Monday as investors continue to weigh measures by governments and central banks to help...
Stamp Duty: Banks Are Violating FG’s Directive On Deposits Below N10,000
There are indications that some banks are charging N50 stamp duty fee on deposits into savings account below N10,000 in...
Reports About Naira Devaluation Is False – CBN
The Central Bank of Nigeria says it has no plans to devalue the naira as against speculations making rounds. According...
First Bank Speaks On Reported Merger With Polaris Bank
Management of First Bank Nigeria Plc has reacted to media report that it plans to merge with Polaris bank. A...
Naira Falls To N404 Per Dollar At Parallel Market
Naira witnessed a further decline against the US Dollar at $1/₦404 in the parallel market, indicating a ₦24 (6.3%) loss...
Bitcoin Crashes As Coronavirus Outbreak Affects Cryptocurrencies
Bitcoin slumped on Thursday to its lowest in more than two months, with traders citing a sell-off across global markets...
Coronavirus: Dangote Records Over N240bn Loss In Five Hours
The outbreak of the deadly Coronavirus continues to take its toll on the Stock Exchange market as Africa’s richest man,...
Nigeria Oil Cargoes Stranded Over Coronavirus Outbreak
Over 50 cargoes of Crude oil from Nigeria have not found landing as a result of the outbreak of the...
Russia To Meet OPEC Over Oil Production Cut
Russian authorities have stated that they are still open to meeting OPEC on oil production cut after an initial price...
Coronavirus: CBN Urges Nigerians To Go Cashless
The Central Bank of Nigeria has urged Nigerians to tilt towards alternative payment methods like electronic transfer as against cash...
Coronavirus: Turkish Airlines Cancel Flights To Nigeria
Turkish Airlines has announced the cancellation of all flights to Nigeria due to the Coronavirus outbreak. In a statement released, the...
FG Commissions Nigerian Made Vehicles Worth N364bn
The Federal Government has commissioned $1 billion (N364 billion) worth of locally-assembled vehicles. The vehicles are locally produced by 17 companies...
Nigeria Records N579bn Trade Deficit In Q4 2019
Nigeria recorded N579 billion trade deficit in the fourth quarter of 2019. According to the latest foreign trade report released...