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Business - Page 208

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·Finance & Economy

Nigerian Govt Mulls Zero Interim Import Duty On Selected Food Items

The Nigerian Government has proposed a temporary zero-duty levy on selected food imports, as part of measures to reduce food prices and alleviate the burden of inflation on the citizens. Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun,

September 11, 2024

Finance Ministry Plans Launch Of Mortgage Finance Fund For Affordable Housing

Business·News·Real Estate

Finance Ministry To Launch Mortgage Finance Fund For Affordable Housing

The Ministry of Finance is set to launch a real estate investment fund to provide low-cost mortgage financing options for Nigerians who wish to own a decent house. Conceived as the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF), the scheme

September 11, 2024

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business·Currency·Markets·News

Naira Loses ₦57.13 As Exchange Rate Rises To ₦1,637 Per Dollar At Official Market

The naira lost N57.13 as exchange rate rose to N1,637.59 per dollar at the official market on Tuesday, 10 September. This reflects 3.61 per cent loss in 24 hours when to compared to Monday, 9th September closing rate of N1,580.46, according to

September 11, 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, 11th 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 11, 2024

Saudi Arabia Issues Warning Of $50 Oil Price If OPEC+ Nations Fail To Comply

Business·News·Oil & Gas

OPEC: Nigeria’s Oil Production Rises By 3.4% In August As Global Demand Outlook Adjusted

Nigeria sees oil production increase in August Nigeria’s daily crude oil production rose by 3.4% in August, bringing its output to 1.352 million barrels per day (bpd), according to the latest monthly report by the Organisation of Petroleum Exporting Countries (OPEC). This

September 11, 2024

Why We Resort To Importing Crude From U.S. – Dangote

Business·FEATURES·News

Fuel Price: Why Dangote Refinery Won’t Fix Nigeria’s Fuel Crisis

The price of fuel in Nigeria has always been a subject of debate, causing ripple effects in every aspect of daily life. From the long queues at filling stations to the rising cost of food and transport, fuel price hikes directly impact

September 11, 2024

The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

Business·Markets·News

Nigeria’s Equity Market Records 0.62% Gain Ahead Of CBN Treasury Bills Auction

Equity Market Posts 0.62% Gain Nigeria’s equity market ended its trading session on Tuesday with a 0.62% increase, marking its first gain this week. The Nigerian Exchange Limited (NGX) All Share Index (ASI) rose from 96,206.46 points to 96,802.8 points, while the

September 11, 2024

Business·News

Food, Health, Education, Others Excluded From Proposed VAT Increase – Oyedele

Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has stated that the proposed increase of Value Added Tax (VAT) is aimed at reducing economic burden on Nigerians. According to him, the proposed VAT increase will exclude essential

September 10, 2024

EFCC To Persecute Top Bank Executives In Crackdown On Financial Crimes

Business·News

EFCC To Prosecute Top Bank Executives In Crackdown On Financial Crimes

EFCC Announces Legal Action Against Bank Executives The Economic and Financial Crimes Commission (EFCC) is gearing up to prosecute several top executives in Nigeria’s banking sector over allegations of financial crimes, including money laundering and fraudulent practices. This revelation came from EFCC

September 10, 2024

Nigeria’s Energy Crisis: A Fuel Hike Or A Broken System?

Business·News·Oil & Gas

Petrol Price Delay Sparks Concern Among Marketers As Import Costs Rise

Marketers Concerned Over Petrol Price Delay Oil marketers in Nigeria are growing anxious about the delay in announcing the price of Premium Motor Spirit (PMS), commonly known as petrol, produced by the Dangote Petroleum Refinery. With the current landing cost of imported

September 10, 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 208

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

Nigerian Govt Mulls Zero Interim Import Duty On Selected Food Items

Finance Ministry To Launch Mortgage Finance Fund For Affordable Housing

Naira Loses ₦57.13 As Exchange Rate Rises To ₦1,637 Per Dollar At Official Market

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

OPEC: Nigeria’s Oil Production Rises By 3.4% In August As Global Demand Outlook Adjusted

Fuel Price: Why Dangote Refinery Won’t Fix Nigeria’s Fuel Crisis

Nigeria’s Equity Market Records 0.62% Gain Ahead Of CBN Treasury Bills Auction

Food, Health, Education, Others Excluded From Proposed VAT Increase – Oyedele

EFCC To Prosecute Top Bank Executives In Crackdown On Financial Crimes

Petrol Price Delay Sparks Concern Among Marketers As Import Costs Rise

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