Business

All the recent business news in Nigeria, economy and industry updates.

How CBN kept interest rate at 5% for 3yrs for interventions

The Central Bank of Nigeria (CBN) has extended the interest rate forbearance it grants to borrowers of some of its intervention funds by one year. The

NDIC eliminates delay in depositor reimbursement with new platform

The Nigeria Deposit Insurance Corporation (NDIC) said it has developed a Single Customer View (SCV) platform to be deployed to microfinance banks (MFB

We lost N623bn to oil vandals from Jan to date – Kyari

The Group Managing Director of Nigerian National Petroleum Company (NNPC) Ltd, Mele Kyari has lamented the negative impacts of the activities of oil v

Why FDIs into Nigeria lags – ACCA

The Association of Chartered Certified Accounts (ACCA) has said Foreign Direct Investments (FDIs) into Nigeria do not increase in recent times because

What’s in New High-Tech Santa Fe and Elantra?

Hyundai Nigeria Limited has unveiled two new brands into the nation’s automotive market. They are the Santa Fe SUV and Elantra, both high-tech vehicle