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Day: October 6, 2020

Investors Gain N297bn As 36 Stocks Push Market Higher
Business

Investors Gain N297bn As 36 Stocks Push Market Higher

Investors in the Nigerian equity market gained N297bn on Monday as 36 firms recorded price appreciation at the end of…

byEkeminiOctober 6, 2020October 6, 2020
Nigeria Aims To Revamp Refineries, End Oil-For-Fuel Swaps
Business

Nigeria Aims To Revamp Refineries, End Oil-For-Fuel Swaps

Nigeria aims to end the country’s so-called oil-for-fuel swaps system in the near future and rely instead on oil products…

byEkeminiOctober 6, 2020
Dollar Weaker As U.S. Fiscal Stimulus Hopes Lift Risk Appetite
Business

Dollar Weaker As U.S. Fiscal Stimulus Hopes Lift Risk Appetite

The dollar was on the defensive against most currencies on Tuesday as rising optimism that U.S. lawmakers could agree on…

byEkeminiOctober 6, 2020
F.G Considers Tax Holiday For Maritime To Cushion COVID-19 Effect
Business

F.G Considers Tax Holiday For Maritime To Cushion COVID-19 Effect

Poised to stimulate investment and boost activities amid the downturn induced by COVID-19, the Federal Ministry of Transportation is seeking…

byEkeminiOctober 6, 2020
Nigeria Battles Covid-19 With New Small Business Support Fund
Business

Nigeria Battles Covid-19 With New Small Business Support Fund

Nigeria will help cushion small business owners impacted by the coronvirus with grants from a 75 billion naira ($195.5 million)…

byEkeminiOctober 6, 2020
The Plantation City In Warri Enters Nigeria’s Premium Real Estate Market
Business

The Plantation City In Warri Enters Nigeria’s Premium Real Estate Market

Nigeria’s real estate hubs are listed as Lagos, Abuja and Port Harcourt. Well, that was before The Plantation City, a…

byEkeminiOctober 6, 2020
2021 Budget: Expert Tasks FG On Monitoring, Evaluation For Enhanced Performance
Business

2021 Budget: Expert Tasks FG On Monitoring, Evaluation For Enhanced Performance

A financial expert, Dr Glenn Prince-Abbi, on Monday urged the Federal Government to map out strategies for proper monitoring and…

byEkeminiOctober 6, 2020
Foreign Reserves Face Further Decline As Export Revenue Crisis Worsens
Business

Foreign Reserves Face Further Decline As Export Revenue Crisis Worsens

Nigeria’s international reserves, which opened at $38.100bn in January, 2020 may face further decline before the end of the year…

byEkeminiOctober 6, 2020
Nigeria’s Foreign Borrowings Surge By Over 400% In 10 Years
BusinessLocal

Nigeria’s Foreign Borrowings Surge By Over 400% In 10 Years

Nigeria’s foreign borrowing in the past 10 years has ballooned more than five-folds, an analysis by TheCable has shown. Nigeria,…

byEkeminiOctober 6, 2020
Sterling Tops $1.30 As Investors Push Back Negative Rate Expectations
Business

Sterling Tops $1.30 As Investors Push Back Negative Rate Expectations

Sterling climbed above $1.30 on Tuesday for the first time in three weeks as investors pushed back expectations for when…

byEkeminiOctober 6, 2020

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