Business - Page 209

Business·FEATURES·Finance & Economy·News

Nigeria To Repay $30bn For $2.5bn IMF Loan – See Why And How

As Nigeria secures $2.5 billion loan from the International Monetary Fund (IMF) to meet its financial needs, there are concerns that the country might end up repaying the loan with as much

Victor Ezeja

July 10, 2024

Business·News

Minimum Wage: We Won’t Go Back On N250,000 Demand- TUC Insists

Labour Leaders Stand Firm on Minimum Wage The Organized Labour still insists that the N250,000 benchmark remains the ideal minimum wage for workers in Nigeria, according to the President of the Trade

Emmanuel Ochayi

July 10, 2024

Africa·Business·News

Intra-Africa Trade: Nigeria Ranks Fourth

Nigeria’s Trade Performance Nigeria has emerged as the fourth-largest contributor to intra-Africa trade in 2023, trailing behind South Africa, Cote d’Ivoire, and Egypt, according to the Africa Trade Report 2024 by the

Emmanuel Ochayi

July 10, 2024

NNPC Seeks New $2 Billion Oil-Backed Loan To Boost Finances

Business·News·Oil & Gas

NNPCL Seeks New $2bn Oil-Backed Loan To Boost Finances

NNPCL’s Ongoing Financial Strategies The Nigerian National Petroleum Company Limited (NNPCL) is negotiating a new oil-backed loan to strengthen its finances and support its business activities, according to Mele Kyari, Group Chief

Emmanuel Ochayi

July 10, 2024

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

Business·Markets·News

UACN, Africa Prudential, Ikeja Hotel, Others Drive Equity Market Loss Of N114bn

Equity Market Sees a Downturn The Nigerian equities market experienced a decline on Tuesday, falling by 0.20% or N114 billion. This downturn was primarily due to investors selling shares of major companies

Emmanuel Ochayi

July 10, 2024

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 10th July 2024

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN)

Emmanuel Ochayi

July 10, 2024

Business·News

Apapa Customs Revenue Hits N1.02trn In H1 2024 Amid Trade Volume Decline

In the first half of the year, the Nigeria Customs Service (NCS) generated N1.02 trillion at its Apapa Area Command. This reflects a 143% increase compared to the N421.38 billion earned over

Victor Ezeja

July 9, 2024

NGX Suspends Trading In Unity Bank, Guinea Insurance, 6 Other Companies’ Shares

Business·News

NGX Suspends Trading In Unity Bank, 7 Other Companies’ Shares

NGX Group has suspended trading in the shares of Unity Bank, Guinea Insurance, and six other companies for non-compliance with filing requirements for 2023. Other firms affected by the suspension include C&I

Victor Ezeja

July 9, 2024

Business·News

Minister Urges SEC To Tighten Cryptocurrency Oversight, Ensure Market Integrity

Minister of Finance Calls for Stringent Oversight On Cryptocurrency The newly inaugurated board of the Securities and Exchange Commission (SEC) has been called upon to tackle the complexities of regulating cryptocurrencies and

Emmanuel Ochayi

July 9, 2024

Business·News

Food Inflation Crisis: Nigerian Govt Approves N2trn Package, Suspends Duty On Rice, Wheat, Others

In response to the escalating food inflation crisis, the Federal Government has approved an intervention plan to stabilise and advance the country’s food security. Minister of Agriculture and Food Security, Abubakar Kyari,

Emmanuel Ochayi

July 9, 2024

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Business - Page 209

Nigeria To Repay $30bn For $2.5bn IMF Loan – See Why And How

Minimum Wage: We Won’t Go Back On N250,000 Demand- TUC Insists

Intra-Africa Trade: Nigeria Ranks Fourth

NNPCL Seeks New $2bn Oil-Backed Loan To Boost Finances

UACN, Africa Prudential, Ikeja Hotel, Others Drive Equity Market Loss Of N114bn

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 10th July 2024

Apapa Customs Revenue Hits N1.02trn In H1 2024 Amid Trade Volume Decline

NGX Suspends Trading In Unity Bank, 7 Other Companies’ Shares

Minister Urges SEC To Tighten Cryptocurrency Oversight, Ensure Market Integrity

Food Inflation Crisis: Nigerian Govt Approves N2trn Package, Suspends Duty On Rice, Wheat, Others

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Oil Billionaires Who Recorded Losses In H1 2025

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