Businessam Staff
Power: Siemens gets N8.64bn counterpart funding to boost electricity in Nigeria
The Nigerian electricity improvement scheme between a glober energy company, Siemens, and the Nigerian government moved a step closer to…
China, U.S to produce 65% of all digital payments as market hits $4.4trn in 2020
Charles Abuede Digital payments, the biggest income wellspring of the worldwide Fintech market, are set to hit $4.4 trillion in…
Oil giant, Saudi Arabia, records $29bn deficit in Q2 as oil demand continues to fall
World oil-producing giant, Saudi Arabia, has recorded an oil revenue deficit of $29 billion for the second quarter of the…
Lagos 3rd Mainland Bridge closure: Counting economic costs, pains of a megacity with decaying infrastructure
Nigeria’s longest bridge, and the second longest in Africa, one of the busiest on the continent, that connects the mainland…
Analyst welcomes bankers’ entrance into insurance market
Wants NAICOM to withdraw 2-3 licences of insolvent insurers The imminent entry into the Nigerian insurance market by two bank…
Ecobank Group reports $770.9m in revenue for H1 ‘20
Experience bearish trading period during the first six months of 2020 Nigerian subsidiary sees 4% surge in revenue to N290.3…
CBN’s July PMI in at 44.9 points, key sectors contract 3 months in a row
Charles Abuede Central Bank of Nigeria’s (CBN’s) July manufacturing Purchasing Managers’ Index, an economic measure of the prevailing trends…
NNPC pens $1.5bn prepayment oil financing deal with traders
The Nigerian National Petroleum Corporation has signed a $1.5bn prepayment deal that will see it selling crude to some oil…
Forex scarcity sends naira crashing, now N472/$ at parallel market
Foreign exchange scarcity has triggered further fall of the naira in the parallel market where it now exchanges at N472…
Nigerian banks to face rising cost, revenue shortfall-analysts
The picture is not rosy for Nigerian banks at the moment as analysts have predicted a big hit to revenues…
The Daily Newsletter
