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Business - Page 122

First HoldCo, Lasaco Add N244.61bn To Nigerian Stock Market

The Nigerian Exchange Limited (NGX) said the market capitalisation for the stock market increased to N95.52 trillion on Wednesday, December 17, from the N95.28 trillion posted on Tuesday, December 16, representing a N244.61 billion gain. About 383.71 basis points were added to

December 17, 2025

The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

Business·Markets·News

Nigeria’s Equity Market Gains 0.15% As Northern Nigeria Flour Mills, Beta Glass Lead Rally

Nigeria’s equity market extended its positive momentum on Tuesday, rising by 0.15%. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) moved from 104,630.3 points to 104,788.35 points. Similarly, the equity market capitalization increased from N64.791 trillion to N64.889 trillion. Market analysts attributed

February 5, 2025

Business·News·Power

₦200bn Monthly Electricity Subsidy Benefits Only Wealthy Nigerians – Energy Adviser

By Kelechi Ogbu Olu Verheijen, Special Adviser to Nigeria’s President Bola Tinubu on Energy, has revealed that the Federal Government spends over ₦200 billion every month on electricity subsidies. She said the electricity subsidies benefit only wealthiest 25 per cent of Nigerians

February 5, 2025

Business·News

Nigeria’s External Reserve Drops By $1.19bn In Less Than One Month

Nigeria’s external reserve has dropped by $1.19 billion in just three weeks and five days, according to data from the Central Bank of Nigeria (CBN). The gross external reserve, which stood at $40.920 billion on January 6, 2025, declined steadily to $39.723

February 4, 2025

Business·News·Oil & Gas

Petrol Price Drops To N925 At Private Depots, Marketers Count Losses

The price of Premium Motor Spirit (PMS), commonly known as petrol, has dropped to N925 per litre at private depots. This reduction follows Dangote Petroleum Refinery’s decision to lower its ex-depot price from N950 to N890 per litre, effective from Saturday as

February 4, 2025

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025

Business·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 4th February 2025

What is the Dollar to Naira Exchange rate at the black market, like the Aboki Fx? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN) in the parallel market also known as black market, especially the Aboki Fx as

February 4, 2025

Nigeria's Equity Market Declines By 1.99% in March Despite Weekly Gains

Business·Markets·News

Nigeria’s Stock Market Gains N83bn As Investors Buy Undervalued Stocks

Investors in Nigeria’s stock market gained about N83 billion on Monday, as the market’s key performance indicators closed higher by 0.13 per cent. The increase came as investors renewed interest in undervalued stocks, taking advantage of their strong fundamentals as the full-year

February 4, 2025

Naira vs Dollar: What To Expect This Week (24th-30th, March 2025)

Business·Markets·News

Naira Gains Strength In Parallel Market, Trades at N1,605/$1

The Naira recorded a notable gain in the parallel market on Monday, appreciating by N5 against the US dollar. According to sources from Prime Business Africa, the local currency traded at N1,605 per dollar (selling) and N1,602 per dollar (buying), reflecting an

February 3, 2025

Business

Experts Share Insights On How SMEs Can Comply With New Tax Regulations

Tax experts have highlighted strategies Small and Medium scale Entreprises (SMEs) can adopt to ensure they avoid unnecessary tax liabilities. They stressed the need for SMEs to pay close attention to documentation and agreements. The experts gave this advice during the first

February 3, 2025

Naira Falls Against Dollar Across FX Markets

Business·Markets·News

Naira Strengthens By N63.72 Against Dollar As CBN Policies Boost Confidence

The naira recorded significant gains in January 2025, closing at N1,474.78 per dollar on January 31 at the Nigerian Foreign Exchange Market. This marked a 4.14% appreciation, gaining N63.72 against the dollar in one month. According to the FMDQ Securities Exchange Limited

February 3, 2025

Business·Currency·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 3rd February 2025

February 3, 2025

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Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

The UK Labour government has expanded its existing sugar tax

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Business - Page 122

First HoldCo, Lasaco Add N244.61bn To Nigerian Stock Market

Nigeria’s Equity Market Gains 0.15% As Northern Nigeria Flour Mills, Beta Glass Lead Rally

₦200bn Monthly Electricity Subsidy Benefits Only Wealthy Nigerians – Energy Adviser

Nigeria’s External Reserve Drops By $1.19bn In Less Than One Month

Petrol Price Drops To N925 At Private Depots, Marketers Count Losses

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 4th February 2025

Nigeria’s Stock Market Gains N83bn As Investors Buy Undervalued Stocks

Naira Gains Strength In Parallel Market, Trades at N1,605/$1

Experts Share Insights On How SMEs Can Comply With New Tax Regulations

Naira Strengthens By N63.72 Against Dollar As CBN Policies Boost Confidence

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 3rd February 2025

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