Business - Page 205

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

Equity Market Rises 0.11% As Investors Flock To Nestle Nigeria Plc Ahead Of Annual Meeting

Nigeria’s equities market saw a modest gain of 0.11% on Tuesday, driven by heightened investor interest in Nestle Nigeria Plc. The company’s upcoming annual meeting on May 22 prompted increased buying activity,

Emmanuel Ochayi

May 22, 2024

Business·News

Minimum Wage Negotiations: Labour Rejects Government’s N54,000 Offer

In the latest round of negotiations for a new national minimum wage, tensions escalated as organized Labour rejected the Federal Government’s proposal of N54,000 during a meeting on Tuesday. This rejection marks

Emmanuel Ochayi

May 22, 2024

Business·Finance & Economy

Banks’ Recapitalisation Will Strengthen Nigeria’s Economy – UBA GMD

Group Managing Director of United Bank for Africa PLC, Mr Oliver Alawuba, has underscored the critical role of banks’ recapitalisation in strengthening Nigeria’s economy. Prime Business Africa recalls that the Central Bank

Victor Ezeja

May 21, 2024

Financial Inclusion Key To Realising Nigeria's $1trn Economy Target - Cardoso

Business·Finance & Economy·News

CBN Raises Benchmark Interest Rate To 26.25%

The Central Bank of Nigeria has increased the benchmark interest rate by 150 basis points to 26.25 per cent. This was the decision of the Monetary Policy Committee (MPC) of the CBN

Victor Ezeja

May 21, 2024

Business·News

Transcorp Power Records N142bn Revenue In 2023

Transcorp Power, a subsidiary of Transnational Corporation Plc (Transcorp Group), has recorded gross earnings of N142.1 billion in 2023, which is a significant 57.3% increase, compared to the previous year. This impressive

Admin

May 21, 2024

Business·News·Politics

Electricity Tariff Hike: Workers Lock Out Minister During Protest, Issue 14-day Ultimatum

eIn a dramatic turn of events yesterday, members of the National Union of Electricity Employees (NUEE) and the Senior Staff Association of Electricity and Allied Companies (SSAEAC) staged a shutdown at the

Emmanuel Ochayi

May 21, 2024

Naira vs Dollar: What To Expect This Week (24th-30th, March 2025)

Business·Markets·News

Nigeria’s FX Reserves Rise By $535m In 28 Days Amidst Market Volatility

Nigeria’s foreign exchange (FX) reserves have shown a notable increase of approximately $535 million in just under a month, highlighting a positive trend amidst ongoing economic uncertainties. According to recent data from

Emmanuel Ochayi

May 21, 2024

Naira To Strengthen Further As Dangote Industries Repatriates $688m From African Operations

Business·News

I Need 35 Visas To Travel Around, Dangote Decries African Travel Restrictions

At the Africa CEO Forum Annual Summit in Kigali, Rwanda, Aliko Dangote, Nigeria’s renowned business tycoon, expressed frustration over the arduous travel procedures stifling movement across the African continent. Dangote, a vocal

Emmanuel Ochayi

May 21, 2024

Business·News

Food Imports Hit N3trn Over Insecurity, Others – CBN

The Central Bank of Nigeria (CBN) has disbursed a substantial $2.13 billion in 2023 for food imports, highlighting persistent challenges in the country’s agricultural sector despite efforts to boost local production. According

Emmanuel Ochayi

May 21, 2024

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

Business·Markets·News

Equity Market Gains N29bn As Investors Eye MPC Outcome

Nigeria’s equity market saw a marginal uptick on Monday, with gains of 0.05% amounting to N29 billion, as investors kept a keen watch on the ongoing Monetary Policy Committee (MPC) meeting. The

Emmanuel Ochayi

May 21, 2024

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Business - Page 205

Equity Market Rises 0.11% As Investors Flock To Nestle Nigeria Plc Ahead Of Annual Meeting

Minimum Wage Negotiations: Labour Rejects Government’s N54,000 Offer

Banks’ Recapitalisation Will Strengthen Nigeria’s Economy – UBA GMD

CBN Raises Benchmark Interest Rate To 26.25%

Transcorp Power Records N142bn Revenue In 2023

Electricity Tariff Hike: Workers Lock Out Minister During Protest, Issue 14-day Ultimatum

Nigeria’s FX Reserves Rise By $535m In 28 Days Amidst Market Volatility

I Need 35 Visas To Travel Around, Dangote Decries African Travel Restrictions

Food Imports Hit N3trn Over Insecurity, Others – CBN

Equity Market Gains N29bn As Investors Eye MPC Outcome

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