Fakoyejo Olalekan

21 Top Real Estate Companies In Abuja 2023

There are several real estate companies in Abuja operating to connect residents in the capital city to their desired properties scattered across the centre of unity. Some of these real estate companies offer services that include affordable and luxury properties, either for

August 3, 2023

NNPC Doesn’t Have Fuel To Sell – Oil Marketers’ Depot Chairman Says

Business·Markets

Refineries Will Only Reduce Fuel Price By N60/N70 – Oil Marketers

The National Controller Operations for the Independent Petroleum Marketers Association of Nigeria (IPMAN), Mike Osatuyi, has disclosed that the commencement of refinery operations in Nigeria will not have a significant impact on fuel prices. Osatuyi revealed that fuel prices will only drop

August 3, 2023

Business·Oil & Gas

History Shows Port Harcourt Refinery Might Disappoint Tinubu Amid Dangote’s Uncertainty

As uncertainty surrounds the commencement of operation at Dangote Refinery, President Bola Tinubu has turned his sight to Port Harcourt Refinery. Recall that Aliko Dangote, the founder of Dangote Refinery, had stated that the refiner will begin production by the end of

August 3, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Dollar Rate Falls To N741/$1, Trades Above N800 In Black Market

The dollar rate in the official market depreciated by N47.44 kobo to N741.64/$1 on Wednesday, from the previous day’s N789.08/$1 rate. According to FMDQ Exchange, the dollar also went on sale for N700/$1, the lowest rate for the day, and N804/$1, the

August 3, 2023

Business

Google Ordered To Delete Cashpal, Swiftkash, 16 Other Nigerian Loan Apps

Google has been directed to take down Cashpal, Swiftkash, Nairaloan, and 15 others for operating quick loans on Play Store without regulatory approval. Federal Competition and Consumer Protection Commission (FCCPC) disclosed this in a statement on Wednesday, which also disclosed that Eaglecash, Cashme, Luckyloan and Moneytreefinance

August 2, 2023

Business·Markets

Stock Market Cap Closes At N34.97trn, Investors Gain N40.9bn

Investors holding shares in Chams, Nascon and other equities on the gainers’ list made over N40.9 billion on Wednesday after the bourse closed at N34.97 trillion market capitalisation. The stock market capitalisation rose from N34.93 trillion reported on Tuesday. The All-Share Index

August 2, 2023

Naira Opens Week With Gain Across FX Markets

Business·Currency

Official, Black Markets’ Forex Dealers Increase Dollar Rate

In the investors’ and exporters’ window on Tuesday, the authorised dealers closed foreign exchange trading with N789.08/$1 rate. The authorised dealers increased the price of the dollar from N756.94/$1 rate offered on Monday, indicating the naira depreciated in value by N32.14 kobo.

August 2, 2023

Forbes List: Dangote Reclaims Richest African Title From South Africa's Johann Rupert

Business

Naira Devaluation Costs Aliko Dangote’s Sugar, Cement Companies N184.80bn

The naira devaluation by the Central Bank of Nigeria (CBN) had an adverse effect on Aliko Dangote’s companies; Dangote Cement and Dangote Sugar. Prime Business Africa learnt that Dangote Cement and Dangote Sugar lost a combined N184.80 billion to naira devaluation in

August 2, 2023

Business

Tinubu’s Ministerial Nominee, Wale Edun, Says Corruption, Others Behind Dollar Selling At N860

Wale Edun, one of the ministerial nominees of President Bola Tinubu, has disclosed that corruption and inefficiencies are behind the dollar trading as high as N860/$1. The special adviser on monetary policies to President Tinubu also said the foreign exchange management in

August 2, 2023

Business·Markets

N79bn Lost As Stock Investors Dump Ellah Lakes, John Holt, Others

The stock market capitalisation shed N79.08 billion after trading hours on Tuesday, which resulted in the bourse depreciating by 0.22 per cent. Consequently, the Nigerian bourse’s market capitalisation fell to N35.01 trillion, from N34.93 trillion reported on Monday. The All-Share Index dipped by

August 1, 2023

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Fakoyejo Olalekan

21 Top Real Estate Companies In Abuja 2023

Refineries Will Only Reduce Fuel Price By N60/N70 – Oil Marketers

History Shows Port Harcourt Refinery Might Disappoint Tinubu Amid Dangote’s Uncertainty

Dollar Rate Falls To N741/$1, Trades Above N800 In Black Market

Google Ordered To Delete Cashpal, Swiftkash, 16 Other Nigerian Loan Apps

Stock Market Cap Closes At N34.97trn, Investors Gain N40.9bn

Official, Black Markets’ Forex Dealers Increase Dollar Rate

Naira Devaluation Costs Aliko Dangote’s Sugar, Cement Companies N184.80bn

Tinubu’s Ministerial Nominee, Wale Edun, Says Corruption, Others Behind Dollar Selling At N860

N79bn Lost As Stock Investors Dump Ellah Lakes, John Holt, Others

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