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Business - Page 141

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Exchange Rates For Dollar Increase Across Parallel, Official Markets

In the black market on Thursday, December 18, the naira depreciated against the United States dollar (USD) by 0.13 percent to N1,489.01/$1, from the N1,487.01/$1 reported on Wednesday, December 17. According to Naira Rates data, while the foreign exchange (FX) rate for

December 18, 2025

Business

Access Bank Raises N351bn, Emerges First Nigerian Bank To Meet CBN’s N500bn Capital Requirement

Access Holdings Plc has announced that it has raised a target of N351 billion through its rights issue of 17,772,612,811 Ordinary Shares of 50 Kobo each at N19.75 Kobo per share. The company said it has secured a full regulatory approval from

December 26, 2024

Business·Technology

Renewal Of MTN Nigeria Spectrum Lease With NTEL Boosts Connectivity Across States

Following approval by the Nigerian Communications Commission (NCC), MTN Nigeria Communications PLC (MTN Nigeria) has renewed its spectrum lease agreement with Natcom Development and Investment Limited (NTEL). This extension builds on a partnership that started in 2023 when NCC authorised a spectrum

December 26, 2024

Business·FEATURES·News

Christmas: Why Nigerians Still Shop Big Despite Economic Hardships

Christmas in Nigeria is synonymous with celebration, food, and family. However, before December 25th approached, many Nigerians had complained about economic hardship, soaring inflation, and stagnant wages and how it was going to affect the celebration with their family. Yet, visits to

December 26, 2024

Business·FEATURES·News

How Inflation Has Put Christmas Out Of Reach For Nigerians

As we enter the 2024/2025 Christmas and New year seasons, many Nigerians are grappling with a harsh reality: inflation has eroded their purchasing power, leaving families unable to afford even the simplest holiday traditions. From festive meals to travel plans and gifts,

December 25, 2024

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 0.82% As Investors Target Undervalued Stocks

Nigeria’s equity market continued its upward momentum on Tuesday, gaining 0.82% on the Nigerian Exchange Limited (NGX). This growth pushed the NGX All-Share Index (ASI) from 101,356.15 points to 102,186.03 points, marking a significant rally ahead of the Christmas holidays. The equity

December 25, 2024

Naira Opens Week With Gain Across FX Markets

Business·Currency·Markets·News

Naira Further Appreciates Against Dollar Ahead Of Christmas Holiday

Nigerian naira further appreciated both at the official and parallel windows of the foreign exchange market on Tuesday, ahead of the Christmas holiday. The local currency closed trading at the official market on Tuesday, 24 December at N1,537 per dollar. This is

December 24, 2024

Business·News·Oil & Gas·World News

Global Oil Prices Rise To $73.05/ Barrel As Market Prepares For 2024 Outlook

Global oil prices rose on Tuesday, recovering from earlier losses. Brent crude futures gained $0.42, settling at $73.05 a barrel, while U.S. West Texas Intermediate (WTI) crude added $0.38 to reach $69.62 a barrel. Analysts attributed the slight increase to improved market

December 24, 2024

Business·News

Best Performing Penny Stocks To Invest In This December

The year is gradually ending and we’ll be in 2025 in a few days. Have you thought of the best gift to spend your money on for yourself? We have an idea for you. You could invest your money in stocks. Contrary

December 24, 2024

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, 24th December 2024

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

December 24, 2024

What Happens If NNPC Ends Naira-for-Crude? Risks, Alternatives

Business·FEATURES·News·Oil & Gas

Fuel Price Reductions: Are Consumers Really Benefiting?

In recent weeks, Nigeria has witnessed a series of reductions in the price of premium motor spirit (PMS), commonly referred to as petrol. The Nigerian National Petroleum Company (NNPC) led this adjustment, lowering its retail price to N965 per litre in Abuja,

December 24, 2024

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Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

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

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Business - Page 141

Exchange Rates For Dollar Increase Across Parallel, Official Markets

Access Bank Raises N351bn, Emerges First Nigerian Bank To Meet CBN’s N500bn Capital Requirement

Renewal Of MTN Nigeria Spectrum Lease With NTEL Boosts Connectivity Across States

Christmas: Why Nigerians Still Shop Big Despite Economic Hardships

How Inflation Has Put Christmas Out Of Reach For Nigerians

Nigeria’s Equity Market Gains 0.82% As Investors Target Undervalued Stocks

Naira Further Appreciates Against Dollar Ahead Of Christmas Holiday

Global Oil Prices Rise To $73.05/ Barrel As Market Prepares For 2024 Outlook

Best Performing Penny Stocks To Invest In This December

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 24th December 2024

Fuel Price Reductions: Are Consumers Really Benefiting?

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Business - Page 141

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