Business Archives - nigeria gossip, nigeria news

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...

Dangote Plans To Take An Office At The Big Apple city

Aliko Dangote, Africa’s richest man, plans to take office space in Big Apple New York to help diversify his investments and avoid the risk...

UBA Plc Announces 4 Top Appointments

United Bank for Africa Plc (UBA), on Monday, announced that Oliver Alawuba has been appointed as CEO of UBA Africa, overseeing the bank’s 20...

Saudi Aramco Valued At $2 Trillion, Beats Apple

Saudi Aramco stock defied skepticisms Thursday by soaring for a second day, topping the $2 trillion target sought by Saudi leader Crown Prince Mohammed...

Cassava Derivatives Import Costs N183 Billion Annually – CBN

In spite of being the world’s largest cassava grower, Nigeria still spends about $600m (about N183bn) annually to import cassava derivatives; foreign exchange that...

FEC Approves N200 Billion Loan For Bank Of Industry

The Federal Executive Council (FEC) has approved the issuance of a Sovereign Guarantee of 500 million Euros (N200bn) from the Credit Suisse AG London...

‘Consult Embassy Before Business Venture In Dubai’ – Ambassador

The Nigerian Ambassador to the United Arab Emirates (UAE), Mohammed Rimi, advised Nigerians coming to Dubai for genuine businesses to consult with the Embassy...

World News

French Doctors Say Potential New Treatment For Coronavirus Should Be Tested In Africa (Video)

Two French doctors identified as Jean Paul Mira and Camille Locht, have ignited an outrage after being seen on a live Television advocating for the potential...

Coronavirus: Global Number Of Confirmed Cases Passes One Million

More than 1,002,159 people have been diagnosed with the COVID-19 disease worldwide, according to figures collected by researchers from Johns Hopkins University.   The death toll...

Trump Is Tested Again, And Is Again Declared Negative

President Donald Trump announced on Thursday that he had a second coronavirus test, which turned out to be negative like the first one carried...