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Business - Page 217

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·Oil & Gas

Nigerians Groan As Price Of Cooking Gas Rises 16.7% To N1,400/kg In 1 Month

The price of Liquefied Petroleum Gas (LPG), also known as cooking gas, has risen to N1,400 per kilogram (Kg) this month, reflecting 16.7 per cent, month-on-month increase from N1,200 in July. Prime Business Africa’s checks revealed that 5kg has risen to N7,000

August 29, 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, 29th August 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

August 29, 2024

Business·News

Customs Seize N57 Million Worth Of Marijuana In Kwara, Driver Flees

Customs Officers Stop Truck with Cannabis in Kwara The Nigeria Customs Service (NSC), Kwara Command, on Wednesday, announced a significant interception of illegal drugs. Faith Ojeifo, the controller of Customs Area Kwara Command, revealed at a press briefing in Ilorin that the

August 29, 2024

Business·Markets·News

Nigerian Breweries To Tackle FX Debt With N600bn Rights Issue

Nigerian Breweries Launches Rights Issue to Address FX Debt Nigerian Breweries Plc has announced an N600 billion rights issue, approved by the Nigerian Exchange Limited (NGX), to tackle its mounting foreign exchange (FX) debt. The brewer, the largest in the country, plans

August 29, 2024

NGX Set To Lose N60bn As MRS Oil Nigeria Plc Plans To Delist Shares

Business·Markets·News

Nigeria’s Equity Market Declines By 0.32% As Investors Shift To Risk-Averse Strategy

Market Records First Negative Close This Week Nigeria’s equity market experienced its first negative close this week as investors adopted a more cautious approach. On Wednesday, the market decreased by 0.32%, shedding N176 billion in value. This decline is a response to

August 29, 2024

Business·Currency·Markets

Naira Drops To N1606 Per Dollar, Lowest In 3 Weeks At Official Market

After weeks of intense monetary policy actions to stabilize the value of the naira, the local currency on Wednesday, 28 August dropped to ₦1606.56 per dollar. This is the lowest in three weeks. The last time the exchange rate exceeded the N1600

August 29, 2024

Business·News

NCC Sets September 14 For SIM-NIN Linkage, 66 Million Lines At Risk Of Disconnection

NCC Enforces New Deadline for SIM-NIN Linkage The Nigerian Communications Commission (NCC) has announced a new deadline of September 14, 2024, for the mandatory linkage of Subscriber Identification Modules (SIMs) to National Identity Numbers (NINs). This marks the final phase in the

August 28, 2024

Business·Currency·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 28th August 2024

August 28, 2024

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

Business·Markets·News

Banks’ Recapitalisation Drives 44% Surge In Nigeria’s Equity Market

Banks’ Recapitalisation Spurs Market Growth The ongoing banks’ recapitalisation exercise has significantly impacted Nigeria’s equities market, with transactions surging by 44% in the first seven months of 2024. Deals on the Nigerian Exchange Limited (NGX) from January to July 2024 were N941.62

August 28, 2024

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

Business·Markets·News

Nigeria’s Equity Market Climbs 0.49% as Investors Respond to Q2 GDP Growth

Nigeria’s Equity Market Reacts to Positive Q2 GDP Report Nigeria’s equity market recorded its second consecutive day of gains on Tuesday, with the All-Share Index (ASI) rising by 0.49%, translating to a N272 billion increase in market capitalization. This growth is largely

August 28, 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

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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 217

Exchange Rates For Dollar Increase Across Parallel, Official Markets

Nigerians Groan As Price Of Cooking Gas Rises 16.7% To N1,400/kg In 1 Month

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 29th August 2024

Customs Seize N57 Million Worth Of Marijuana In Kwara, Driver Flees

Nigerian Breweries To Tackle FX Debt With N600bn Rights Issue

Nigeria’s Equity Market Declines By 0.32% As Investors Shift To Risk-Averse Strategy

Naira Drops To N1606 Per Dollar, Lowest In 3 Weeks At Official Market

NCC Sets September 14 For SIM-NIN Linkage, 66 Million Lines At Risk Of Disconnection

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 28th August 2024

Banks’ Recapitalisation Drives 44% Surge In Nigeria’s Equity Market

Nigeria’s Equity Market Climbs 0.49% as Investors Respond to Q2 GDP Growth

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Business - Page 217

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