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Business - Page 134

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

Business·News·Power

Nigerian Govt Incurs ₦464.12bn Electricity Subsidy Obligation

The Nigerian government incurred ₦464.12 billion in subsidy obligation in the third quarter (Q3) 2024. This was revealed in the latest report by the Nigeria Electricity Regulatory Commission (NERC) for Q3 2024. According to the report, the Federal Government incurred the sum

January 9, 2025

AMA News·Business

Namibia: New World Bank Group Strategy Aims to Boost Job Creation and Access to Quality Services

WASHINGTON, USA, 09 January 2025 -/African Media Agency(AMA)/- The World Bank’s Board of Executive Directors discussed a new Country Partnership Framework (CPF) for Namibia, which outlines the World Bank Group’s strategy in the country for FY2025 to FY2029. The CPF’s overarching goal is to

January 9, 2025

Business·News·Oil & Gas

Why Some Fuel Stations Sell Above N1,000/Litre – Oil Marketers

Oil marketers have revealed that some fuel stations continue to sell petrol above N1,000 per litre because they are still selling off old stock purchased at a higher rate. According to the National Vice President of the Independent Petroleum Marketers Association of

January 9, 2025

Capital Importation: Banking Sector Records Highest Inflow In Q3 2024

Business·Finance & Economy

Nigeria’s External Reserves Drop Slightly To $40.912bn

Nigeria’s external reserves dropped to $40.912 billion as of 7th January 2025. This is a slight decrease from $40.920 billion recorded on 6th January 2025. This is according to the Central Bank of Nigeria’s external reserves movement data obtained by Prime Business

January 9, 2025

Naira Opens Week With Gain Across FX Markets

Business·Currency·Markets

Naira Records First Major Depreciation At Official Market In 2025

The naira recorded the first major depreciation at the official foreign exchange market in 2025. The local currency closed trading at N1,545 per dollar at the official market on Wednesday, 8th January. This is the third consecutive time in 2025, according to

January 9, 2025

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

Business·Currency·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 9th January 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

January 9, 2025

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

Business·Markets·News

MTNN, Transcorp, Honeywell Lead Equity Market Rally, Gaining N507bn

Nigeria’s equity market saw a notable recovery, rebounding from Tuesday’s downturn as investors strategically purchased shares in MTNN, Transcorp, and Honeywell Flourmills. This positive movement led to a collective market gain of N507 billion by the close of Wednesday’s trading session, with

January 9, 2025

Business·News·Personal Finance

10 Work-from-home Business Ideas To Start In 2025

With the constant rise in the cost of transportation in Nigeria, the simple act of going out each day has become a luxury many can barely afford, and that’s where the shift to remote jobs comes in. There are several work-from-home business

January 8, 2025

Inflation Drops in Nigeria as Naira Stability, Fuel Price Cuts Take Effect

Business·News

Inflation, MPR To Decline In 2025- Experts Predicts

As Nigeria enters a critical phase of economic adjustment, experts have provided forecasts that could shape the year ahead. They Predicted that inflation may begin to moderate, causing ease cycle and the rebound of the naira. Speaking at the First Bank’s outlook

January 8, 2025

Dangote Refinery To Start Processing Only Nigerian Oil By Year End

Business·Oil & Gas

Dangote, Other New Refineries Alter Global Oil Trade System

Dangote refinery and other new ones that sprang up in different parts of the world in recent times, including pipeline systems, are said to have altered global oil trade dynamics. The 650,000 barrels per day Dangote Refinery which started operation in early

January 8, 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 134

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

Nigerian Govt Incurs ₦464.12bn Electricity Subsidy Obligation

Namibia: New World Bank Group Strategy Aims to Boost Job Creation and Access to Quality Services

Why Some Fuel Stations Sell Above N1,000/Litre – Oil Marketers

Nigeria’s External Reserves Drop Slightly To $40.912bn

Naira Records First Major Depreciation At Official Market In 2025

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 9th January 2025

MTNN, Transcorp, Honeywell Lead Equity Market Rally, Gaining N507bn

10 Work-from-home Business Ideas To Start In 2025

Inflation, MPR To Decline In 2025- Experts Predicts

Dangote, Other New Refineries Alter Global Oil Trade System

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