For the first time in four years, Nigeria’s trade position was negative in 2020 as the pandemic crushed oil demand and sent the revenues of oil exporting countries tumbling. Africa’s largest oil producer posted a N7 trillion trade deficit in 2020, with exports falling as much as 35 percent, according to data published, Tuesday by…
Tunde Labiyi, a businessman, like many lovers in this season has been preoccupied with the perfect gift for his spouse. But he is confused because she seems to have it all, from perfumes to lace, switch watches, and earrings among others. He finally settles for a basket of varieties, packed with a fusion surprise in […] Read Full Story
Companies of United States of America (USA) origin operating in Nigeria invested a total of $3.75billion to expand their operations in the country in the last five years and plans to invest another $2.75 billion in the next three years, a survey by American Business Council (ABC) has shown.
In February, the Nigerian Inter-Bank Settlement System (NIBSS) released the third quarter Industry Fraud Report, which found that Nigerian banks lost N3.5 billion between July and September 2020 to fraud-related activities. This represents a 534-percent increase from the same period in 2019. It also means that more Nigerian bank customers lost more money to online […] Read Full Story