11am: Nigerian Stocks Are Down 2.1% With N100b Lost In One Hour
Investors are not letting up the Nigerian stock market as the sell off has now continued from where it stopped. The index has now broken the N8tr support and is…
BOOM: FCMB Announces Results Will Be Bad
Pix: From Bloomberg FCMB Group has issued it’s long awaited profit warning advising investors that earnings will be materially bad. Here is an excerpt of the statement with focus on…
Here Are 10 Things Happening In The World Of Business Today
1.Brent Crude Is Still Diving:After hitting a 12 year low last week at $27.67 a barrel, Brent Crude is showing no signs of recovering this week. 2.Royal Dutch Shell Boss…
Jonathan Ran Our Economy Like Idi Amin – Soludo.
Professor Charles Soludo is in the news again and this time he has gone after the ex President Goodluck Jonathan. Here is an excerpt of what he just said about…
India Has Doubled Its Crude Oil Purchase From Nigeria
India says it has doubled its annual oil purchase deal with Nigeria for 2015/16 to 60,000 bpd. Chairman of Indian Oil Corporation, B. Ashok made this statement recently, Reuters reports.This…
This Arab Billionaire Will Invest In Nigeria’s Oil, Gas, Power, Others
Arab Billionaire, Sheikh Abdullah Ahmed Al Ghurair, has indicated interest to invest in major sectors of Nigeria’s economy.This ofcourse is a booster for Nigeria’s direct foreign investment, Daily Trust reports.Director,…
Whatsapp Cancels Subscription Fees With Immediate Effect
WhatsApp founder, Jan Koum has announced that the company is dropping the service’s annual subscription fee in an effort to remove the barriers some users faced in using the service.…
BOOM: Brent Crude Drops To $27 after Iran Says It Will Offer Discounts
Reports in the international media confirm Brent crude fell to $27.67 a barrel early on Monday, its lowest since 2003, before recovering to $28.56 by 0208 GMT. Asian markets are…
$1 billion Has Been Spent On The Revival Of NITEL – NATCOM
The Chairman of NATCOM, Mr. Olatunde Ayeni, has revealed that a total of about $1 billion has been spent on the revival of Nigerian Telecommunication Limited (NITEL) and its sister…
NEW POLICY: CBN Instructs Banks To Restrict Usage of Debit Cards In The US
Nigerians banks have started sending out emails to their customers informing them that they will no longer be allowed to freely use their debit cards in countries that do not…