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Business
Prices of Oil, Foodstuffs Escalate as Border Closure Bites Harder
Nigeria’s inflation rose to 11.98 percent in December 2019, driven by increases recorded in food prices as a result of the border…
OPEC Considers Output Cut Extension Till End of 2020
Nigeria and other members of the Organisation of the Petroleum Exporting Countries (OPEC) are in talks to extend oil production…
Border Closure Plunges Unilever into N8bn Loss as Revenue Drops
The board of Unilever Nigeria Plc, one of the consumer goods companies listed on the Nigerian Stock Exchange (NSE), has released…
Trouble for Nigeria as Brent Falls Below $60 over Coronavirus Spread
Brent crude futures fell below $60 on Friday, posing a threat to Nigeria’s 2020 budget, which put oil benchmark at $60 per…
Finance Bill: What Nigerians Stand to gain – Osinbajo
Vice-President Yemi Osinbajo on Saturday asserted that the Finance Act 2020 would stimulate the Nigerian economy and put the…
Investors in Oko Oloyun’s Ponzi scheme storm office to demand money after…
Tens of Lagosians stormed the LASU Road office of late Alhaji Fatai Yusuf, popularly known as Oko Oloyun, to demand the money…
CBN retains MPR at 13.5 percent, raises CRR to 27.5
The Central Bank of Nigeria (CBN) has retained the monetary policy benchmark rate at 13.5 percent.
The Monetary Policy…
CBN announces appointment, redeployment of directors
The Central Bank of Nigeria (CBN) has announced the appointment and redeployment of some directors.
A statement from the CBN…
Total Transactions on NSE Drop 20% in 2019 to N1.9trn
The total value transactions on the floor of the Nigerian Stock Exchange (NSE) from January 2019 to December 2019 depreciated by…
Elumelu Advocates Massive Capital Investment for Africa
The Chairman, United Bank for Africa(UBA), and Founder, Tony Elumelu Foundation, Tony Elumelu has advocated massive private…