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Business - Page 198

Femi Otedola Issues New Statement After Reports Of Transcorp Plc Acquisition

Otedola Buys 369.98m First HoldCo Shares — After Taking Out N14.8bn From Geregu Investment

Femi Otedola, the chairman and majority shareholder of First HoldCo, has increased his stake in the financial institution by buying 369.98 million shares on Thursday, December 18. According to First HoldCo’s notification of share dealing by an insider, Otedola paid N14,82 billion,

December 19, 2025

Weak Naira: CBN Sells $543.5m To Boost FX Market

Business·News

Again, CBN Sells $20,000 To BDC As Naira Weakens To N1700/$

The Central Bank of Nigeria (CBN) has announced a fresh sale of US$20,000.00 to each eligible Bureau de Change (BDC) operator at N1,590 per dollar. This was announced in a circular released Wednesday, 25 September, signed by Dr W. J. Kanya, acting

September 26, 2024

Capital Importation: Banking Sector Records Highest Inflow In Q3 2024

Business·Finance & Economy·News

Nigeria Spends $3bn Monthly On Imports

Nigeria spends not less than $3 billion monthly only on imports, an analysis of the Central Bank of Nigeria (CBN) report has shown. In a communiqué issued by the CBN Governor, Dr Olayemi Cardoso, at the end of the 297th Monetary Policy

September 26, 2024

AMA News·Business

Africa Specialty Risks announces the appointment of Aurélien Sauty as Head of Marine and Aviation Lines

LONDON, 26th September 2024 -/African Media Agency (AMA)/- Africa Specialty Risks (ASR), the pan-African and Middle East focused (re)insurance group, announces the appointment of Aurélien Sauty to lead its new Marine and Aviation capacity, as Head of Marine and Aviation. Aurélien, based in ASR’s

September 26, 2024

Business·News

84% Of working-class Nigerians Are self-employed- NBS

NBS Reports Drop in Self-Employment The National Bureau of Statistics (NBS) has revealed that 84% of Nigeria’s working population were self-employed in the first quarter of 2024. This marks a 3.3 percentage point decrease from the 87.3% recorded in the third quarter

September 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 September 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

September 26, 2024

Business·FEATURES·News·Oil & Gas

Petrol Price: Can Strengthening The Naira Save Nigerians?

Rising Petrol Price Sparks Concern The price of petrol has become a pressing concern for Nigerians, with many wondering if there is a way out of the current economic situation. The reality is that the price of petrol directly affects every aspect

September 26, 2024

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

Business·Markets·News

Nigerian Stock Market Rises By 0.42% Despite Interest Rate Hike

Stock Market Defies CBN’s Interest Rate Hike Nigeria’s stock market surprised analysts on Wednesday, continuing its upward trend despite the Central Bank of Nigeria’s (CBN) recent increase in the Monetary Policy Rate (MPR). The market gained 0.42%, or N241 billion, at the

September 26, 2024

Business·FEATURES·Oil & Gas

More Woes For Nigerians As Cooking Gas Price Rises By 70%

Apart from the recent hike in petrol price, Nigerians are also confronted with a 70 per cent surge in price of Liquefied Petroleum Gas (LPG), also known as cooking gas. This no doubt has taken a heavier toll on income of households as

September 26, 2024

Naira Falls Against Dollar In Black Market As Demand Increases In FX Market

Business·Markets·News

Naira Falls Amid Increased Forex Turnover To N15.74tn, Says FMDQ Report

Forex Turnover Soars as Naira Weakens The value of foreign exchange turnover in Nigeria surged to N15.74 trillion in August 2024, marking a 33.88% increase from July’s N13.23 trillion. This rise reflects intensified trading and investor activity, according to an FMDQ report.

September 26, 2024

Business·News

UNGA79: Tinubu Calls for Debt Relief, Urgent Global Action

Tinubu urges world leaders to address debt burden, hunger, and terrorism President Bola Tinubu on Tuesday made a strong case for debt forgiveness for Nigeria and other developing countries. He urged world leaders to act decisively to address global challenges, including hunger

September 25, 2024

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Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

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

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Business - Page 198

Otedola Buys 369.98m First HoldCo Shares — After Taking Out N14.8bn From Geregu Investment

Again, CBN Sells $20,000 To BDC As Naira Weakens To N1700/$

Nigeria Spends $3bn Monthly On Imports

Africa Specialty Risks announces the appointment of Aurélien Sauty as Head of Marine and Aviation Lines

84% Of working-class Nigerians Are self-employed- NBS

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

Petrol Price: Can Strengthening The Naira Save Nigerians?

Nigerian Stock Market Rises By 0.42% Despite Interest Rate Hike

More Woes For Nigerians As Cooking Gas Price Rises By 70%

Naira Falls Amid Increased Forex Turnover To N15.74tn, Says FMDQ Report

UNGA79: Tinubu Calls for Debt Relief, Urgent Global Action

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Business - Page 198

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