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Business - Page 175

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

Nigeria At A Crossroad: Examining The Nation's Future Amidst Economic Hardships

Business·FEATURES·News

Examining The Nation’s Future Amid Economic Hardships

A Nation in Distress Nigeria is at a pivotal moment in its history. The country is grappling with profound economic challenges that have intensified since 1999. The government, led by President Bola Ahmed Tinubu, is attempting to transition from an outdated system

October 27, 2024

Naira Falls Against Dollar Across FX Markets

Business

Naira Appreciates To ₦1,600 As Dollar Supply Rises

The Nigerian naira appreciated to ₦1,600 per dollar at the official market on Friday, 25 October. This shows a marginal appreciation at the official segment of the foreign exchange market when compared to Thursday’s closing rate of ₦1,601.20 per dollar, according to

October 27, 2024

Top 10 African Countries With The Most AI Firms As Nigeria Ranks Second With Over 400

Business·News·Technology

Nigeria Ranks Second In Top 10 African Countries With The Most AI Firms

Nigeria Among Top AI Firm Leaders in Africa The evolution of Artificial Intelligence (AI) in Africa reflects the continent’s expanding tech capabilities. As of 2024, Nigeria has become one of the top hubs for AI development, ranking second among African countries with

October 26, 2024

Business·FEATURES·News·Oil & Gas

Fuel Of Despair: Is Tinubu’s Government Driving Nigerians To A Breaking Point?

Since President Bola Ahmed Tinubu took office, Nigerians have experienced relentless hardship. From the controversial removal of fuel subsidies to unprecedented hikes in fuel prices, many citizens feel caught in an economic chokehold that shows no signs of loosening. The increase in

October 26, 2024

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, 26th October 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

October 26, 2024

Business·News

Nigeria’s Rising Debt: Strategic Investment Or Financial Crisis In The Making?

Nigeria’s public debt stock recently soared to N134.3tn ($91.3bn), raising economic and political concerns across the nation. This latest rise of N12.6tn within a single quarter has left citizens, economists, and policymakers debating whether Nigeria is digging itself into an unsustainable debt

October 26, 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 N835bn As Banking, Insurance Stocks Lead

Market Rally Driven by Financial Stocks In the trading week ending October 25, Nigeria’s equity market gained N835 billion, showcasing solid growth amid mixed trading. The increase, driven largely by banking, insurance, and oil and gas stocks, comes despite profit-taking in consumer

October 26, 2024

Business·FEATURES·News·Oil & Gas

Fuel Price Hike Worsens Nigerian Travellers’ Nightmare

Around 8:30 am on Tuesday, 15 October, Osinachi, a driver in one of the transport companies that operates the east-west road had gotten full passenger load of his 14-seater commuter hiace bus enroute to Enugu from Lagos. However, the joy of loading

October 26, 2024

Nigeria’s Foreign Reserves Rise As Citizens Sink into Hardship: A Tale of Economic Contradictions

Business·FEATURES·News

Nigeria’s Foreign Reserves: A Tale Of Contradictions

Nigeria’s Foreign Reserves Surge Amid Deepening Hardship In recent months, Nigeria’s foreign reserves have seen a substantial rise, hitting $40.2 billion in October 2024, up from $38.4 billion in September. This increase, lauded by the government as a sign of economic recovery,

October 25, 2024

Business·FEATURES

Is CBN’s Interest Rate Strategy Worsening Nigeria’s Inflation Crisis?

The Ineffectiveness of CBN’s Rate Hikes As Nigeria faces its worst economic crisis in years, the Central Bank of Nigeria (CBN) has turned to aggressive interest rate hikes, hoping to curb inflation. However, the results so far raise a pressing question: is

October 25, 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 175

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

Examining The Nation’s Future Amid Economic Hardships

Naira Appreciates To ₦1,600 As Dollar Supply Rises

Nigeria Ranks Second In Top 10 African Countries With The Most AI Firms

Fuel Of Despair: Is Tinubu’s Government Driving Nigerians To A Breaking Point?

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th October 2024

Nigeria’s Rising Debt: Strategic Investment Or Financial Crisis In The Making?

Nigeria’s Equity Market Gains N835bn As Banking, Insurance Stocks Lead

Fuel Price Hike Worsens Nigerian Travellers’ Nightmare

Nigeria’s Foreign Reserves: A Tale Of Contradictions

Is CBN’s Interest Rate Strategy Worsening Nigeria’s Inflation Crisis?

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