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Business - Page 166

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

NNPC Refutes Viral Claims That Its Fuel Does Not Last

Business·News·Oil & Gas

PMS Landing Cost Drops To ₦976/Litre

The pump price of Premium Motor Spirit (PMS) also known as petrol may likely drop following a reduction in the estimated cost of landing product in recent times. According to a publication by the Major Energies Marketers Association of Nigeria (MEMAN) Competency

November 11, 2024

Nigerian Debt: Why Are States Still Borrowing Despite Increased FAAC Allocations?

Business·News·Top Stories

Rising Burden As 36 States’ Debts Hit N11.4tn Amid Declining Internal Revenue

Nigeria’s Debt Burden: States Struggle to Stay Afloat As of June 2024, Nigeria’s debt continues to rise, creating financial challenges for states across the nation. Debt Management Office (DMO) data shows that the total debt owed by Nigeria’s 36 states now stands

November 11, 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, 11th November 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

November 11, 2024

Bitcoin, Ethereum, 4 Other Cryptocurrencies That Surged After Trump’s Election Win

Business·News·Top Stories·World News

Bitcoin, Ethereum, 4 Other Cryptocurrencies Surge After Trump’s Victory

Bitcoin Surges as Trump Wins Election Following Donald Trump’s victory in the U.S. presidential election, the price of Bitcoin jumped nearly 8% on Wednesday, crossing the $75,000 mark and reaching an all-time high. Bitcoin, the leading cryptocurrency, currently stands at around $79,782.01.

November 11, 2024

Nigeria's Inflation Rate Squeezes Car Market: High Prices, Low Sales As Fuel Costs Bite Hard

Business·FEATURES·News·Oil & Gas·Top Stories

High Prices, Low Sales As Inflation Rate, Fuel Costs Squeeze Car Market

As Nigeria’s inflation rate continues to climb, the impacts are being felt in every corner of the economy. One industry affected is the car market. Rising fuel prices and inflation have significantly increased car prices, making it tough for Nigerians to buy

November 11, 2024

Business·FEATURES·Finance & Economy

Top 25 Nigerian States With High Dependence On FAAC Allocations For Revenue

Nigerian states’ dependence on the Federation Account Allocation Committee (FAAC) allocations for revenue has remained a significant issue for their fiscal sustainability. FAAC allocations are funds distributed from the federal government to state and local governments, with oil crude sales being the

November 11, 2024

Business·News·Technology·Top Stories·World News

Bitcoin Hits $80,000 First Time On Trump’s Crypto-friendly Plans

Bitcoin Surges to $80,000 in Historic Milestone Bitcoin hit a record $80,000 on Sunday, a major milestone for the cryptocurrency. This surge comes as investors weigh the impact of President-elect Donald Trump’s re-election and his plans for pro-crypto policies in the United

November 10, 2024

Business·Currency·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 10th November 2024

November 10, 2024

Poverty Crisis In Nigeria: Struggling Voices Demand Change Amid Rising Hardship

Business·FEATURES·News·Top Stories

Poverty Crisis: Struggling Nigerians Demand Change

The Worsening Poverty Crisis in Nigeria Nigeria’s poverty crisis continues to reach new heights. Rising inflation, a struggling currency, and the recent removal of fuel subsidies have pushed many Nigerians to the brink. The hardship has driven public protests and left many

November 10, 2024

Worries As Oil Price Crash, Low Production Threaten Nigeria’s 2025 Budget

Business·News·Oil & Gas

Nigeria’s Oil Import Drops By 35% In Q2 Amid Shift In Energy Policy

Oil Import Decline Reflects Policy Shifts Nigeria’s oil import expenditure sharply dropped by 35% in the second quarter of 2024, with imports amounting to $2.79 billion, a decrease from $4.31 billion recorded in Q1. This trend, reported by the Central Bank of

November 10, 2024

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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 166

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

PMS Landing Cost Drops To ₦976/Litre

Rising Burden As 36 States’ Debts Hit N11.4tn Amid Declining Internal Revenue

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 11th November 2024

Bitcoin, Ethereum, 4 Other Cryptocurrencies Surge After Trump’s Victory

High Prices, Low Sales As Inflation Rate, Fuel Costs Squeeze Car Market

Top 25 Nigerian States With High Dependence On FAAC Allocations For Revenue

Bitcoin Hits $80,000 First Time On Trump’s Crypto-friendly Plans

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 10th November 2024

Poverty Crisis: Struggling Nigerians Demand Change

Nigeria’s Oil Import Drops By 35% In Q2 Amid Shift In Energy Policy

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Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

Rep Raises the Alarm Over Mismatched Gazetted Tax Reform Laws

Airplane Crashes at Owerri Airport – Four Injured, No Fatalities

Air Peace Ushers in Third Embraer 190, Reinforcing Capacity and Additional Festive Connectivity

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Court Order Stops Police From Resuming Tinted Glass Permit Enforcement Nationwide

NOM Demands Immediate Suspension of Tinubu’s New Tax Law, Warns of Worsening Hardship

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

Nigeria Secures Release of Military Aircraft, Crew Following Tuggar’s Burkina Faso Mission

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

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

SEC Orders Full Registration of Tradable Instruments by January 2026

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

Court Order Stops Police From Resuming Tinted Glass Permit Enforcement Nationwide

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Business - Page 166

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