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Business - Page 204

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Exchange Rates For Dollar Increase Across Parallel, Official Markets

In the black market on Thursday, December 18, the naira depreciated against the United States dollar (USD) by 0.13 percent to N1,489.01/$1, from the N1,487.01/$1 reported on Wednesday, December 17. According to Naira Rates data, while the foreign exchange (FX) rate for

December 18, 2025

Business·News

CBN Limits Ways And Means Advances To 5% Despite National Assembly’s Proposal For Increase

CBN Maintains 5% Limit on Ways and Means Advances The Central Bank of Nigeria (CBN) has said it will cap its Ways and Means Advances to the Federal Government at 5% for the fiscal years 2024 and 2025. This decision comes despite

September 17, 2024

AMA News·Business

Africa Creatives Alliance launched at the Africa Urban Forum in Addis Ababa

ADDIS ABABA, Ethiopia, 17 September 2024 -/African Media Agency(AMA)/- In alignment with the African Union’s Agenda 2063, “The Africa We Want,” the Africa Creatives Alliance (ACA) is poised to become a key catalyst for transforming Africa into a global powerhouse by harnessing the

September 17, 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, 17th 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 17, 2024

Business·News·Oil & Gas

Crude-for-Naira Deal To Ease Fuel Prices, Availability From October 1- NECA

Crude-for-Naira Deal to Start from October 1 The Crude-for-Naira initiative, set to begin on October 1, 2024, has generated wide reactions across Nigeria, with key industry players expressing optimism. The agreement struck between the Nigerian National Petroleum Company Limited (NNPCL) and Dangote

September 17, 2024

FAAC Disburses N3.473trn To FG, State, LG In Q2- NEITI

Business·News

FAAC Disburses N3.473trn To FG, States, LGs In Q2 – NEITI

NEITI Report Shows Slight Increase in FAAC Allocations The Federation Accounts Allocation Committee (FAAC) has disbursed N3.473 trillion to the federal, states, and local governments in the second quarter of 2024, reflecting a 1.42% increase compared to the first quarter. This information

September 17, 2024

Business·News·Oil & Gas

Dangote Refinery Targets 100% Evacuation Of Products Through Sea

To address issues associated with logistics, Dangote Petrochemical Refinery has built a facility that enables evacuation of up to 75 per cent of petroleum products from the refinery through sea. Vice President, Dangote Industries Limited, Mr. Devakumar Edwin, disclosed this on Sunday

September 16, 2024

Business·Finance & Economy·News

Nigeria’s Inflation Rate Further Drops To 32.15%

Nigeria’s headline inflation rate has further dropped to 32.15 per cent in August 2024 against 33.40 per cent in July 2024. This reflects a decrease of 1.25 per cent point, according to the latest National Bureau of Statistics (NBS) Consumer Price Index

September 16, 2024

Understanding the Importance of Budgeting

Business·News·Personal Finance

Understanding Why Budgeting Is Essential For Financial Planning

By Elsie Udoh Ever heard of the 50-30-20 rule? Well, it’s a straightforward budgeting method that states that you should spend up to 50% of your after-tax income on essential needs that you can’t live without. Then, 30% is set aside for

September 16, 2024

NNPC Refutes Viral Claims That Its Fuel Does Not Last

Business·News·Oil & Gas

NNPCL Releases New Pump Prices Of Petrol, Sells ₦950 In Lagos, ₦1,019 In Borno

The Nigeria National Petroleum Company Limited (NNPCL), has released estimated pump prices of Premium Motor Spirit (PMS), also known as petrol, for September 2024 for its retail outlets, indicating variations across states in Nigeria. According to the new price template, while petrol

September 16, 2024

Google, Netflix, Facebook Pay N2.55trn Tax To Nigeria In 6 Months- Report

Business·News

Google, Netflix, Facebook Pay N2.55trn Taxes To Nigeria In 6 Months- Report

Foreign Companies Contribute N2.55tn in Taxes Foreign companies such as Google, Netflix, and Facebook paid N2.55 trillion in taxes to Nigeria during the first half of 2024. This amount marks a significant increase of 158.76% compared to N985.27 billion collected during the

September 16, 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 204

Exchange Rates For Dollar Increase Across Parallel, Official Markets

CBN Limits Ways And Means Advances To 5% Despite National Assembly’s Proposal For Increase

Africa Creatives Alliance launched at the Africa Urban Forum in Addis Ababa

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 17th September 2024

Crude-for-Naira Deal To Ease Fuel Prices, Availability From October 1- NECA

FAAC Disburses N3.473trn To FG, States, LGs In Q2 – NEITI

Dangote Refinery Targets 100% Evacuation Of Products Through Sea

Nigeria’s Inflation Rate Further Drops To 32.15%

Understanding Why Budgeting Is Essential For Financial Planning

NNPCL Releases New Pump Prices Of Petrol, Sells ₦950 In Lagos, ₦1,019 In Borno

Google, Netflix, Facebook Pay N2.55trn Taxes To Nigeria In 6 Months- Report

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Business - Page 204

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