Nigerian Economy May Contract by 3.4% Without Stimulus – Ahmed Nigeria, Africa’s largest economy and the most populous black nation, may plunge into an economic recession...
FBNH Grows Profit After Tax to N74bn in 2019 FBN Holdings Plc grew profit after tax by 26 percent from N58.232 billion posted in 2018 to...
Lafarge Africa Reports N15.517bn Profit in 2019 Lafarge Africa Plc has reported a N15.517 billion profit after tax from continuing operations. The company declared a gross...
Paypal Waives Chargeback Fees, Extends Resolution Period Paypal Holdings, Inc has joined the list of companies waiving charges to ease the burden of the global pandemic...
NNPC Says Goodbye to Petrol Subsidy The Nigerian National Petroleum Corporation (NNPC) has said the era of petrol subsidy is gone forever. Mele Kyari, the Group...
Debt: FG Suspends Interest Payments For States The Federal Government has directed the Central Bank of Nigeria to suspend the payment of interest on debts owed...
Fitch Lowers Nigeria’s Foreign-currency Nigeria’s long-term foreign-currency issuer was downgraded from B+ to B by the Fitch Ratings on Monday. The negative outlook was a result...
FG to Borrow Another $6.9 Billion The Federal Government will raise another $6.9 billion from three foreign financial institutions, according to the Minister of Finance, Budget...
Nigeria, Other Emerging markets Face Debt Crisis Falling foreign reserves, rising capital flights, weak currencies and rising debt obligations amid global health crisis have left many...
Weak Economic Activities May Force Banks to Cut Lending Weak economic activities due to lockdown in key states could prevent banks from lending money to the...