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Business - Page 179

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

Business·News

Nigerian Govt Proposes 5% Tax On Telecom, Gaming, Betting Services

As part of a new law to restructure Nigeria’s tax system, the Federal Government of Nigeria has proposed a 5 per cent excise duty on gaming, betting, and telecommunications services. The bill, titled, “A Bill for an Act to Repeal Certain Acts

October 20, 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, 20th 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 20, 2024

Business·News

Minimum Wage: Full List Of States Paying N70,000, Above

In July 2024, President Bola Tinubu approved an increase in Nigeria’s minimum wage from N30,000 to N70,000, a move that aimed to alleviate the economic strain on workers. However, the implementation of this new minimum wage has been uneven across the country.

October 20, 2024

Nigeria Tops Global List Of Population Without Electricity, AfDB President Reveals

Africa·Business·News

Nigeria Tops Global List Of People Without Electricity, AfDB President Reveals

Nigeria’s Electricity Crisis: 86 Million Without Power Nigeria is facing a serious electricity crisis, with an alarming 86 million people living without access to electricity. This revelation was made by Akinwunmi Adesina, President of the African Development Bank (AfDB), during the 90th

October 20, 2024

Business·FEATURES·News

Policies: The Silent Enemy Of Nigeria’s Economic Future

The Nobel Prize Lesson: What Nigeria Refuses to Learn Last Monday, it was announced that Daron Acemoglu, Simon Johnson, and James Robinson had been awarded the Nobel Prize in Economics. They were recognised for explaining why some nations are rich while others

October 20, 2024

Business·Currency·Markets

Naira Ends Week With N59.71 Gain At Official Market

The naira ended the week on a positive note, appreciating at the official market on Friday, 18 October 2024. According to the Nigeria Autonomous Foreign Exchange Market (NAFEM) data published on the FMDQ Securities and Exchange platform, the naira closed trading at

October 19, 2024

Business·Currency·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 19th October 2024

October 19, 2024

Nigeria’s Poverty Crisis: 129 Million Trapped In a Vicious Cycle – Is The Government Listening?

Business·FEATURES·News

129 Million Nigerian’s Trapped In Poverty: Is The Govt Listening?

The Rising Tide of Poverty in Nigeria The Nigeria Development Update report from the World Bank paints a grim picture of the state of poverty in Nigeria. According to the report, over 129 million Nigerians, or 56% of the population, now live

October 19, 2024

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

Business·Markets·News

Nigerian Equity Market Defies Inflation, Gains 0.47%

Equity Market Climbs Despite Inflation Concerns In a trading week that ended on Friday, October 18, Nigeria’s equity market surprised many by rising 0.47%, defying inflationary pressure. The National Bureau of Statistics (NBS) had recently reported a September inflation figure of 32.70%,

October 19, 2024

Inflation Pushes 129 Million Nigerians Into Poverty Amid Rising Economic Hardship

Business·News

Inflation Pushes 129 Million Nigerians Into Poverty, Says World Bank

Inflation Drives Poverty Surge in Nigeria Inflation continues to be a major economic challenge in Nigeria, with the latest report from the World Bank revealing that 129 million Nigerians now live in poverty. The Nigeria Development Update report, released on Thursday, detailed

October 18, 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 179

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

Nigerian Govt Proposes 5% Tax On Telecom, Gaming, Betting Services

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 20th October 2024

Minimum Wage: Full List Of States Paying N70,000, Above

Nigeria Tops Global List Of People Without Electricity, AfDB President Reveals

Policies: The Silent Enemy Of Nigeria’s Economic Future

Naira Ends Week With N59.71 Gain At Official Market

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 19th October 2024

129 Million Nigerian’s Trapped In Poverty: Is The Govt Listening?

Nigerian Equity Market Defies Inflation, Gains 0.47%

Inflation Pushes 129 Million Nigerians Into Poverty, Says World Bank

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