Thursday, August 6 , 2020
In 13 months, Nigerians spent N2.37tn on petrol imported into the country by the Nigerian National Petroleum Corporation, data released by the corporation have shown. The corporation said on Wednesday that its total revenue generated from the sales of white products for the period May 2019 to May 2020 stood at N2.39tn…Read more.
The Nigerian Communications Commission has revised the Unstructured Supplementary Service Data pricing to allow mobile network operators and financial institutions negotiate mutually beneficial rates…Read more.
The international oil benchmark, Brent crude, rose on Wednesday to its highest since early March after a large decline in the United States’ crude inventories and supported by a weak dollar…Read more.
MTN Group plans to sell part or all of its $243m (R4.1bn) interest in Jumia Technologies as part of its strategy to pay off its debts and expand into new markets…Read more.
Total gross credit for various transactions in Nigeria rose by N3.33 trillion from N15.56 trillion at end-May 2019 to N18.90 trillion at end-June 2020…Read more.
The coronavirus crisis will see global oil demand dropping by around eight percent this year, compared to last year, the International Monetary Fund (IMF), has said in a new report…Read more.
FBN Holdings Plc (FBNH) has announced the injection of N25 billion equity capital into its commercial banking subsidiary, First Bank of Nigeria Limited. The Capital injected represents part of the net proceeds of the company’s divestment from FBN Insurance Limited…Read more.
Pan-African investment company, Heirs Holdings (HH) has announced the appointment of Dan Okeke as Group Executive Director. The appointment took effect from August 01, 2020, according to a statement yesterday…Read more.
Shareholders of Seplat Petroleum Development Company Plc have expressed optimism that the new chief executive officer(CEO) of the company, Mr. Roger Brown, will improve on the fortunes of company and deliver more value to all stakeholders…Read more.
There are indications that MTN Group Ltd. is planning to sell part or all of its $243 million interest in Jumia Technologies AG as it looks to pay down debt and enter new markets…Read more.
The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the Nigerian foreign exchange market fell by six percent, month-on-month, to $937.27 million last month from $992.12 million in June, 2020…Read more.
Mauricio Alarcon, managing director/CEO of Nestle Nigeria Plc, has been appointed as the market head of Nestlé Central and West Africa Region, comprising 25 countries with head office in Ghana, effective September 1, 2020…Read more.
The International Monetary Fund (IMF) has again urged the Central Bank of Nigeria (CBN) to quickly come up with a clear strategy and timeline on how it intends to achieve full unification of the country’s multiple exchange rates. According to the IMF…Read more.
Unilever plc, the parent company of Unilever Nigeria plc, plans a strategic review of its global tea business, which includes brands like Lipton, Brooke Bond and PG Tips. Unilever Overseas Holding B.V. owns a 60.04 percent share in Unilever Nigeria while other investors account for just 40 percent of its equity…Read more.
Gold added to its recent gains, rallying past its $2,000 milestone, as crude oil and global stocks pushed higher on upbeat data from Europe counterbalanced a less optimistic report on America’s labour market. Oil prices advanced for a fourth day, with Brent crude adding nearly 4 per cent to $46.06 a barrel…Read more.