Business Archives - nigeria gossip, nigeria news

Dollar Sells For N445 As Forex Scarcity Persists

The dollar exchanged for N445 in the parallel market on Monday due to scarcity and shrinking liquidity in the forex market, according to a...

Fidelity Bank Holds AGM, Reassures Stakeholders

Fidelity Bank has reassured that it will continue to take measures that will ensure the safety of customers, staff and other stakeholders during this period....

Crude Oil Price Today: Brent Oil Drops Below $5 Per Barrel

Oil prices have plunged further below $5 a barrel with the threat to erase a decade of demand growth with thousands of jobs under...

COVID-19: CBN Unveils N15trn Capital For Infrastructure Development

The Central Bank of Nigeria (CBN) has unveiled plans to float an infrastruc­ture development firm to be named InfraCo Plc with an equity take-off...

COVID-19; Naira Depriciates to N515 In Forward Market

The deadly coronavirus and the price war between Russia and Saudi Arabia over oil production cuts and poor demand from major markets like China,...

Coronavirus: Nigerian Stock Exchange Shuts Down Physical Trading Activities

The Nigerian Stock Exchange (NSE) has joined the growing list of businesses being forced to shut down over fears of the coronavirus disease. This is...

Just-In : NNPC Records 34% Profit

The Nigerian National Petroleum Corporation (NNPC) has announced a laudable 34% increase in trading surplus in its monthly operational and financial report for December...

CBN Reduce Special Interest Rate From 9% To 5%

The Central Bank of Nigeria (CBN) has slashed interest rates on its intervention programs to 5 percent from 9 percent. The Central Bank governor, Godwin...

Naira Depreciates Further To N415/$ At Parallel Market

Nigerian legal tender, the Naira has depreciated further earlier today to N415/$ at the parallel market. Drumbeat News Understands that the drop in the national...

Dangote Loses N240 Billion In Five Hours Due To Coronavirus

Africa’s richest man Aliko Dangote suffered a huge loss due to coronavirus on Wednesday March 11, as he lost N240 billion in five hours.   Dangote’s firms...

World News

Coronavirus Vaccine Developed In America Shows Promising Results

Coronavirus vaccine developed by America’s National Institutes of Health and Moderna Inc has boosted immune systems of participants and is showing promising results, the...

Gokada Founder, Fahim Saleh Brutally Murdered In US

Fahim Saleh, the owner of motorcycle-hailing company 'GoKada' and co-founder of ride-sharing venture Pathao has been found dead in his New York apartment.   The dismembered body of the tech...

Kanye West Drops Out Of 2020 US Presidential Race

Kanye West has reportedly dropped out of the U.S. presidential race less than two weeks after announcing his intention to run for president.   According to...