archiveOctober 26, 2016

Nigeria's naira hit its weakest level on the black market in more than a week at 460 to the dollar on Wednesday, as a central bank move to channel dollars to retail currency outlets failed to ease liquidity shortages, traders said. According to Reuters’ report monitored by Business247 News Online,...

The World Bank has came out with its Ease of Doing Business index for 2017 which shows that Nigeria moved up by one point from 170th position in 2016 to 169th in 2017, out of 190 countries. The facts are contained in the World Bank’s Ease of Doing Business report...

The Minister of Industry, Trade and Investment, Okechukwu Enelamah, has assured Nigerians that the recession will not last beyond early next year as they will soon begin to see the effort of President Buhari’s administration yielding expected good fruits. The minister made the remark while speaking at the 8th Session...

Insurance experts are advocating for increased awareness on Takaful Insurance to increase the knowledge of Nigerians on it and how it is helpful to their well being. The experts, who spoke at the Takaful Insurance Symposium organised by Noor Takaful Plc in Lagos, said Takaful insurance is an inclusive product...

Oil prices fell more than one percent on Wednesday as a report showing a surge in U.S. crude stocks, rising production in Nigeria and squabbling among producers about a planned output cut re-ignited concerns about a global supply glut. According to Reuters’ report monitored by Business247 News Online, brent crude...

With about one month to the Ondo State governorship election, a coalition of civil society organisations in Abuja on Tuesday called on the Independent National Electoral Commission (INEC) to ignore threat by some unscrupulous politicians, who are not bent on truncating the country’s democracy, using ‘procured’ court judgement. Not less...