Business - Page 179

Why No Plan To Withdraw Dormant Refining Licences – Nigerian Govt

Government’s Stance on Dormant Refining Licences The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has stated it has no current plans to withdraw refining licences awarded to companies that have yet

Emmanuel Ochayi

July 11, 2024

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

Business·Markets·News

Nigerian Stock Market Closes Flat Amid Sell-Side Pressure

Market Overview The Nigerian stock market ended the trading session on Wednesday flat, despite significant sell-side pressure observed earlier in the week. The market closed without major changes as investors chose to

Emmanuel Ochayi

July 11, 2024

Naira Crisis: The Hidden Truth Of Dollar Hoarding

Business·Markets·News

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

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN)

Emmanuel Ochayi

July 11, 2024

Business·FEATURES·Finance & Economy·News

Nigeria To Repay $30bn For $2.5bn IMF Loan – See Why And How

As Nigeria secures $2.5 billion loan from the International Monetary Fund (IMF) to meet its financial needs, there are concerns that the country might end up repaying the loan with as much

Victor Ezeja

July 10, 2024

Business·News

Minimum Wage: We Won’t Go Back On N250,000 Demand- TUC Insists

Labour Leaders Stand Firm on Minimum Wage The Organized Labour still insists that the N250,000 benchmark remains the ideal minimum wage for workers in Nigeria, according to the President of the Trade

Emmanuel Ochayi

July 10, 2024

Africa·Business·News

Intra-Africa Trade: Nigeria Ranks Fourth

Nigeria’s Trade Performance Nigeria has emerged as the fourth-largest contributor to intra-Africa trade in 2023, trailing behind South Africa, Cote d’Ivoire, and Egypt, according to the Africa Trade Report 2024 by the

Emmanuel Ochayi

July 10, 2024

NNPC Seeks New $2 Billion Oil-Backed Loan To Boost Finances

Business·News·Oil & Gas

NNPCL Seeks New $2bn Oil-Backed Loan To Boost Finances

NNPCL’s Ongoing Financial Strategies The Nigerian National Petroleum Company Limited (NNPCL) is negotiating a new oil-backed loan to strengthen its finances and support its business activities, according to Mele Kyari, Group Chief

Emmanuel Ochayi

July 10, 2024

6 Factors Behind Poor Performance Of Nigeria’s Oil & Gas Stocks This Year

Business·Markets·News

UACN, Africa Prudential, Ikeja Hotel, Others Drive Equity Market Loss Of N114bn

Equity Market Sees a Downturn The Nigerian equities market experienced a decline on Tuesday, falling by 0.20% or N114 billion. This downturn was primarily due to investors selling shares of major companies

Emmanuel Ochayi

July 10, 2024

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Markets·News

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

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN)

Emmanuel Ochayi

July 10, 2024

Business·News

Apapa Customs Revenue Hits N1.02trn In H1 2024 Amid Trade Volume Decline

In the first half of the year, the Nigeria Customs Service (NCS) generated N1.02 trillion at its Apapa Area Command. This reflects a 143% increase compared to the N421.38 billion earned over

Victor Ezeja

July 9, 2024

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Business - Page 179

Why No Plan To Withdraw Dormant Refining Licences – Nigerian Govt

Nigerian Stock Market Closes Flat Amid Sell-Side Pressure

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

Nigeria To Repay $30bn For $2.5bn IMF Loan – See Why And How

Minimum Wage: We Won’t Go Back On N250,000 Demand- TUC Insists

Intra-Africa Trade: Nigeria Ranks Fourth

NNPCL Seeks New $2bn Oil-Backed Loan To Boost Finances

UACN, Africa Prudential, Ikeja Hotel, Others Drive Equity Market Loss Of N114bn

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

Apapa Customs Revenue Hits N1.02trn In H1 2024 Amid Trade Volume Decline

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