Business - Page 218

Forex Crisis Costs Nigeria Over $500m Annually, Importers Warn

The ongoing forex crisis in Nigeria has resulted in financial losses and operational challenges for importers. According to Dr. Basil Nwaolisa, the National Coordinator of Customs, Shipping, and Terminal Operations of the

Emmanuel Ochayi

June 27, 2024

Nigeria Loses $204 Million Annually Due To Maritime Corruption-Report

Business·News

Nigeria Loses $204 Million Annually To Corruption In Maritime Sector -Report

Nigeria’s GDP Impacted by Maritime Corruption With an estimated annual loss of $204 million in gross domestic product (GDP), due to corruption in its maritime sector, Nigeria is facing a significant economic

Emmanuel Ochayi

June 27, 2024

NGX ASI Further Drops By 0.67%, As BUA Cement, Eterna Among Top Losers

Business·Markets·News

Equity Markets Gain 0.17% Amid Renewed Investor Interest

Market Performance Nigeria’s equity markets saw their first gain this week, rising by 0.17% or N41 billion on Wednesday. The All Share Index (ASI) increased to 99,385.44 points, and the equities market

Emmanuel Ochayi

June 27, 2024

Naira Falls Against Dollar In Black Market As Demand Increases In FX Market

Business·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 27th June 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

June 27, 2024

Just In: Mixed Reaction As Fire Guts Dangote Refinery

Business·News

Just In: Mixed Reactions As Fire Guts Dangote Refinery

On Wednesday, a fire outbreak occurred at the Dangote Petroleum Refinery located in the Lekki Free Zone, Lagos. The incident led to mixed reactions from the public and sparked discussions on social

Emmanuel Ochayi

June 26, 2024

AMA News·Business

The Mastercard Foundation Welcomes International Business and Development Leader Carole Wamuyu Wainaina to its Board of Directors

Carole Wamuyu Wainaina TORONTO, Canada, 26 June 2024 -/African Media Agency(AMA)/- The Mastercard Foundation today announced the appointment of Carole Wamuyu Wainaina to its Board of Directors. Carole Wainaina is a senior business

Prime Business Africa

June 26, 2024

Nigerians Voice Out On Unbearable Hardships Over Rising Food Prices, Insecurity

Business·News

Nigerians Bemoan Unbearable Hardships Over Rising Food Prices, Insecurity

Economic Hardship Worsens Economic hardship in Nigeria is intensifying, with rising food prices exacerbating poverty levels. According to a fresh report by the Abuja Chamber of Commerce and Industry (ACCI), the persistent

Emmanuel Ochayi

June 26, 2024

Survey: 65.8% Respondents Want Interest Rate Cut As CBN Holds MPC Meeting

Business·News

CBN Announces Measures To Tackle Inflation As Reforms Attract $24bn Inflow

Inflation Pressure Eases Due to Central Bank Policies Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says inflationary pressure has started dropping, due to the central bank’s policy measures aimed

Emmanuel Ochayi

June 26, 2024

Meter Installation By DisCos Drops by 60% In Q2, 2024 - Report

Business·News

Federal High Court Stops IKEDC, NERC Electricity Tariff Hike

Court Orders Ikeja Electric to Halt Tariff Implementation The Federal High Court in Lagos, has issued an order restraining Ikeja Electric Plc and the Nigerian Electricity Regulatory Commission (NERC), from enforcing a

Emmanuel Ochayi

June 26, 2024

Business·News

FEC Approves $1.442bn For NDLEA Arms Procurement, Bans Single-Use Plastics

FEC Boosting Anti-Narcotics Operations The Federal Executive Council (FEC) has approved $1.442 billion for the procurement of arms, ammunition, and equipment to enhance the National Drug Law Enforcement Agency’s (NDLEA) anti-narcotics operations.

Emmanuel Ochayi

June 26, 2024

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Business - Page 218

Forex Crisis Costs Nigeria Over $500m Annually, Importers Warn

Nigeria Loses $204 Million Annually To Corruption In Maritime Sector -Report

Equity Markets Gain 0.17% Amid Renewed Investor Interest

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 27th June 2024

Just In: Mixed Reactions As Fire Guts Dangote Refinery

The Mastercard Foundation Welcomes International Business and Development Leader Carole Wamuyu Wainaina to its Board of Directors

Nigerians Bemoan Unbearable Hardships Over Rising Food Prices, Insecurity

CBN Announces Measures To Tackle Inflation As Reforms Attract $24bn Inflow

Federal High Court Stops IKEDC, NERC Electricity Tariff Hike

FEC Approves $1.442bn For NDLEA Arms Procurement, Bans Single-Use Plastics

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