Business
UK To Pump Foreign Direct Investment Into Lagos
The UK Government over the weekend gave its approval for more foreign direct investments in Lagos State, as plans have...
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Investors Record N660bn Loses as Stock Market Closes Lower
Investors recorded loses worth N660bn last week as Nigeria's stock market closed lower at the end of trading amid lingering...
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Nigeria Raises Borrowing Limit To 40% of GDP
The Nigerian government has upped its borrowing limit as a proportion of gross domestic product to 40 per cent, from...
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NCC Begins Pricing Regime on USSD
The Nigerian Communications Commission (NCC) has begun a pricing regime for Unstructured Supplementary Service Data (USSD), otherwise known as shortcodes...
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Oil Prices Hit $60 per Barrel as Iraq, Kazakhstan Slashes Output
The price of oil has risen to $60 per barrel in the international market as Iraq and Kazakhstan commit to...
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Online Transactions Spike By 50.3%
The value of transactions via digital payment platforms – Nigeria Interbank Settlement System Instant Payment System and Point of Sales...
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Bitcoin Soars at $45,000 as Tesla Pumps Investment
Bitcoin peaked at a record-high near $45,000, yesterday, after Elon Musk’s electric carmaker Tesla invested $1.5 billion in the digital...
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CBN Explains Why It Banned Cryptocurrency Transactions In Banks
The Central Bank of Nigeria has explained why it banned cryptocurrency-related transactions in the country, claiming the digital currency is used for...
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Foreign Capital Inflow Slopes by Over 50%, Records Lowest in Four Years
Foreign capital flow into Nigeria plunged by over 50 percent, in 2020, to $9.68bn, reaching its lowest level in four...
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Shell Recorded $21.7bn Loss in 2020 As Covid-19 Halved Global Demand
Royal Dutch Shell recorded a net loss of $21.7 billion in 2020, the oil giant announced Thursday, as the coronavirus...
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