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Business - Page 167

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

Dangote Refinery To Start Processing Only Nigerian Oil By Year End

Business·News·Oil & Gas

South Africa, Angola, Namibia, 4 Others Set to Lift Fuel from Dangote Refinery

Dangote Refinery to Supply Fuel Across Africa The Dangote Refinery and Petrochemical plant is set to become a major fuel supplier for various African nations, starting with South Africa, Angola, and Namibia. The 650,000-barrel-per-day facility is in advanced negotiations with these nations,

November 9, 2024

Oshiomhole Lied Against Us – Air Peace Reacts

Business·News

Air Peace Obtains 4 Boeing 737-800s On Dry-lease To Boost Capacity During Yuletide

West and Central Africa largest carrier, Air Peace, has entered an agreement with Slovak carrier, AirExplore, to obtain four Boeing 737-800 aircraft on dry lease. Air Peace is taking this step as part of efforts to improve its domestic operations within Nigeria

November 9, 2024

Business·FEATURES·News

Failing National Grid: Why Nigeria Needs Urgent Reforms Now

As Nigerians face yet another week of rolling blackouts due to the collapsing National Grid, the public outcry has intensified. Many question why, with abundant resources and the recent governmental promises, Nigeria remains stuck in the dark. This crisis is no longer

November 9, 2024

Tenants Panic As Landlords Blame Rent Hikes On Nigeria's Inflation Rate, Fuel Costs

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

Tenants Panic As Landlords Blame Rent Hikes On Inflation Rate, Fuel Costs

Nigeria’s Inflation Rate: The Impact on Lagos House Rents Nigeria’s inflation rate has surged to 32.7% in recent months, affecting essential commodities intensely. For tenants and landlords in Lagos, however, these numbers are now more than abstract statistics—they are reshaping lives and

November 9, 2024

NGX Set To Lose N60bn As MRS Oil Nigeria Plc Plans To Delist Shares

Business·Markets·News

Nigeria’s Stock Market Sees Mixed Performance, Investors Weigh Fixed Income, Equity Gains

Investor Sentiment in Nigeria’s Stock Market Nigeria’s stock market struggled to maintain upward momentum in the week ending November 8, despite several days of positive trading sessions. Investors were seen taking advantage of relatively low stock prices to accumulate value stocks, while

November 9, 2024

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

Business·Currency·Markets·News

Naira Ends Week With Loses Despite Surge In Dollar Supply

The Nigerian Naira recorded a significant depreciation at the foreign exchange market on Friday, 8 November, ending the week on a negative note. According to the Nigeria Autonomous Foreign Exchange Market (NAFEM) data published on the FMDQ Securities and Exchange platform, the

November 9, 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, 9th 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 9, 2024

Business·Currency·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 8th November 2024

November 8, 2024

Rising Flames: How Petrol Price Hikes Are Burning Holes In Nigerians’ Pockets

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

Rising Flames: How Petrol Price Hikes Burn Holes In Citizens Pockets

Another Petrol Price Hike Hits Nigerians Nigeria is grappling with yet another petrol price hike, a rise that has sent shockwaves through households, businesses, and the economy at large. The price of petrol has now soared to an unprecedented N1,060 per litre

November 8, 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 Rises 0.37% As Investors Eye Positive Corporate Actions

Nigeria’s Equity Market Sees Positive Close Amid Mixed Week The Nigerian equity market recorded a slight gain of 0.37% on Thursday, with an uptick of N217 billion in market capitalization. This rise came as investors moved in line with analysts’ expectations, focusing

November 8, 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 167

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

South Africa, Angola, Namibia, 4 Others Set to Lift Fuel from Dangote Refinery

Air Peace Obtains 4 Boeing 737-800s On Dry-lease To Boost Capacity During Yuletide

Failing National Grid: Why Nigeria Needs Urgent Reforms Now

Tenants Panic As Landlords Blame Rent Hikes On Inflation Rate, Fuel Costs

Nigeria’s Stock Market Sees Mixed Performance, Investors Weigh Fixed Income, Equity Gains

Naira Ends Week With Loses Despite Surge In Dollar Supply

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 9th November 2024

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 8th November 2024

Rising Flames: How Petrol Price Hikes Burn Holes In Citizens Pockets

Nigeria’s Equity Market Rises 0.37% As Investors Eye Positive Corporate Actions

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