Nigerians’ incomes will shrink in 2020, says Rewane
Businessam StaffJanuary 2, 2020
Bismarck Rewane, the managing director and chief executive officer of Financial Derivatives Company Limited, has said the disposable
Stock investors lost N492bn in Q4 2019
Businessam StaffJanuary 2, 2020
Investors in the nation’s stock market counted losses worth N492bn in the fourth quarter of 2019. The quarter opened at a market
Nigeria needs 30 million new jobs by 2030 – World Bank
Businessam StaffJanuary 1, 2020
Thirty million new jobs are needed in Nigeria by 2030 to maintain the current employment rate, the World Bank has said. It said the
Foreign reserves drop by $4.45bn in one year
Businessam StaffJanuary 1, 2020
Nigeria’s foreign reserves, which stood at $43.07bn as of the beginning of January 2019, fell by $4.45bn to $38.619bn as of the end of
Sanwo-Olu signs Lagos 2020’s N1.1tr budget into law
Businessam StaffDecember 31, 2019
Babajide Sanwo-Olu, Lagos State governor has signed the 2020 budget of the state into law. This is coming barely 24 hours after the
Nigeria moves against hasty adoption of ‘Eco’
Businessam StaffDecember 31, 2019
Strong indications emerged yesterday that Nigeria is dissatisfied with what it considers as hasty adoption of the ‘Eco,’ the proposed
IOCs delay $58.4bn oil, gas projects in Nigeria
Businessam StaffDecember 31, 2019
A number of oil and gas projects valued at $58.4bn are facing an uncertain future as international oil companies operating in the
NAICOM extends insurers’ recapitalisation deadline to December 2020
Businessam StaffDecember 31, 2019
The National Insurance Commission has extended the recapitalisation deadline for insurance companies earlier slated for June 30, 2020
No plan for devaluation of the naira, says CBN
Businessam StaffDecember 30, 2019
The Central Bank of Nigeria (CBN) has ruled out the possibility of devaluing the naira next year, expressing optimism that crude oil
World Bank seeks reforms in Nigeria’s digital economy
Businessam StaffDecember 30, 2019
A new report by the World Bank Group (WBG) has canvassed reforms in Nigeria’s digital economy, saying by leveraging Information