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Business - Page 177

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, FCCPC Clash As NNPCL Insists On Importation Of Fuel

Business·News·Oil & Gas

Naira-for-Crude Deal Boosts As Dang0te Refinery Gets First Supply From NNPCL

Dangote Refinery Receives Four Cargoes Under Naira-for-Crude Deal The Dangote Petroleum Refinery has received four cargoes of crude oil from the Nigerian National Petroleum Company Limited (NNPCL) under the newly implemented naira-for-crude agreement. This development was confirmed by officials from both the

October 23, 2024

Business·News

Just In: Nigerian Govt Drops Money Laundering Charges Against Binance Executive Amid Health Concerns

The Federal Government has dropped all charges against Tigran Gambaryan, an executive at Binance Holdings, who was facing trial for money laundering. Ekene Iheanacho, Counsel to the Economic and Financial Crimes Commission (EFCC), confirmed the decision in an interview on Wednesday morning.

October 23, 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, 23rd 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 23, 2024

Business·FEATURES·News·Oil & Gas

Nigeria’s Energy Crisis: A Fuel Hike Or A Broken System?

The Deepening Nigerian Energy Crisis Nigeria is currently grappling with a severe energy crisis, one that goes beyond rising fuel prices. Citizens face a shortage of fuel for vehicles, generators, and kerosene for cooking. This is as steady electricity remains a

October 23, 2024

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

Business·Markets·News

Nigeria’s Equity Market Rises By 0.20% As Investors Anticipate Treasury Bills Auction

Equity Market Continues Upward Trend Nigeria’s equity market showed resilience on Tuesday, rising by 0.20% ahead of the Central Bank of Nigeria’s (CBN) Treasury Bills (T-Bills) auction scheduled for Wednesday, October 23. Investors are anticipating this auction, where a total of N374.67

October 23, 2024

Business·Markets·News

Nigerian Banks Raise N1.27trn In Race For Recapitalisation

Nigerian Banks Secure N1.27 Trillion Amid Recapitalisation Push Nigerian banks have raised N1.27 trillion as part of an ongoing recapitalisation exercise mandated by the Central Bank of Nigeria (CBN). Since the announcement on 29 March 2024, five banks have completed capital-raising efforts,

October 23, 2024

Business·News

Again, South-east Economy Grounded As IPOB Faction Imposes Sit-at-home

Economic activities in South-east Nigeria have again been grounded as residents stayed indoors in compliance with a 2 two-day sit-at-home order issued by a faction of the Indigenous People of Biafra (IPOB). Streets and major roads in different cities across the region

October 22, 2024

IMF Sympathises With Victims Of Kenya Anti-tax Protest

Business·News

IMF Warns Global Debt Crisis Could Threaten Nigeria’s Economic Stability

IMF’s 2024 Economic Outlook Highlights Global Debt Crisis The International Monetary Fund (IMF) is preparing to release its 2024 economic outlook, bringing attention to the global debt crisis and its potential consequences for both advanced and emerging economies, including Nigeria. The

October 22, 2024

Launch of FAFEIX, the first forum on the redevelopment of mining sites in Africa from to February in Yamoussoukro

AMA News·Business

Launch of FAFEIX, the first forum on the redevelopment of mining sites in Africa from 19 to 21 February 2025 in Yamoussoukro

ABIDJAN, Côte d’Ivoire, 22 October 2024 -/African Media Agency (AMA)/- The African Forum on the Environment in Extractive Industries (FAFEIX) aims to encourage constructive debate, foster strategic partnerships, and encourage practical actions for the more sustainable and inclusive use of natural resources on the

October 22, 2024

Business·News

UBA Reports Record 149% Net Interest Income Growth Of N2trn In Q3

UBA Continues Growth Streak in Q3 The United Bank for Africa (UBA) has recorded a 149% rise in net interest income in its recently announced unaudited results for Q3 2024. The bank reported gross earnings of N2.398 trillion, an 83.2% increase from

October 22, 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 177

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

Naira-for-Crude Deal Boosts As Dang0te Refinery Gets First Supply From NNPCL

Just In: Nigerian Govt Drops Money Laundering Charges Against Binance Executive Amid Health Concerns

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 23rd October 2024

Nigeria’s Energy Crisis: A Fuel Hike Or A Broken System?

Nigeria’s Equity Market Rises By 0.20% As Investors Anticipate Treasury Bills Auction

Nigerian Banks Raise N1.27trn In Race For Recapitalisation

Again, South-east Economy Grounded As IPOB Faction Imposes Sit-at-home

IMF Warns Global Debt Crisis Could Threaten Nigeria’s Economic Stability

Launch of FAFEIX, the first forum on the redevelopment of mining sites in Africa from 19 to 21 February 2025 in Yamoussoukro

UBA Reports Record 149% Net Interest Income Growth Of N2trn In Q3

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Court Order Stops Police From Resuming Tinted Glass Permit Enforcement Nationwide

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Business - Page 177

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