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Business - Page 224

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

Africa·Business·News·World News

UN Warns Africa’s Sovereign Debt Hits $1trn, Pushing Continent Into Crisis

UN Raises Alarm Over Africa’s Sovereign Debt Crisis The United Nations Economic Commission for Africa (UNECA) of the UN has issued a warning about the growing fiscal crisis on the continent, revealing that Africa’s sovereign debt has soared to an unprecedented $1

August 19, 2024

Business·News·Oil & Gas

NNPCL Opens Up On Allegations Of $6.8bn Debt, Remittances To Federation Account

The Nigeria National Petroleum Company Limited (NNPCL) has denied allegations that it is owing international oil traders about $6.8 billion. The national oil company also said it is not true that it has not remitted revenues to the Federation Account since January

August 19, 2024

Business·FEATURES·News

Best Ways To Make Money In Dollars From Nigeria

Earning a steady income in dollars as a Nigerian can offer financial stability, increased purchasing power, and access to global opportunities. In today’s digital age, making money in dollars from Nigeria is a realistic and achievable goal. This article explores practical strategies

August 19, 2024

Business·News

NCC Urged To Reject Telecom 40% Tariff Hike As Subscriber Group Voices Strong Opposition

Subscribers Urge NCC to Reject Telecom Tariff Hike Telecom subscribers in Nigeria, represented by the Association of Telephones, Cable TV, and Internet Subscribers (ATCIS), have expressed strong opposition to the recent demand by telecom operators for a 40% increase in tariffs. The

August 19, 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, 18th 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 the black market, especially the Aboki fx

August 18, 2024

Business·News·Oil & Gas

Matrix Energy Counters Claim Of Importing Substandard Petrol, Diesel

Matrix Energy Group has said its products have always complied with approved specifications, refuting allegations that it imports substandard petroleum products into Nigeria. The indigenous oil marketing company said it has been importing petroleum products for more than two decades and none

August 17, 2024

Business·News·Politics

Federal, State, Local Govts Share N1,358trn Revenue For July- FAAC

FAAC Distributes Over N1.3 Trillion The Federation Accounts Allocation Committee (FAAC) has announced the distribution of N1.358 trillion among the Federal Government, state governments, and Local Government Councils (LGCs) for July 2024. This was disclosed in a communiqué following the FAAC meeting

August 17, 2024

Business·News·World News

Bitcoin Reacts To U.S. Inflation Data: What’s Next For The Cryptocurrency?

Bitcoin and Inflation: A Volatile Week Bitcoin’s price saw significant swings this week as the U.S. Consumer Price Index (CPI) report was released. The cryptocurrency’s value surged ahead of the report, reflecting market optimism, only to experience a sharp decline afterward. Bitcoin’s

August 17, 2024

Business·News

15 Best Small-Scale Business Ideas in Nigeria

Starting a small-scale business in Nigeria offers a lucrative pathway to financial independence and stability. In a country where the unemployment rate is high, entrepreneurship has become a viable option for many. The Nigerian economy, which is predominantly driven by small and

August 17, 2024

NGX stock market. Photo credit: TheCable

Business·Markets·News

Nigeria’s Equity Market Declines By 1.51% As Profit-Taking Hits Industrial, Banking Stocks

Equity Market Experiences Downturn Amid Profit-Taking Nigeria’s equity market witnessed a significant drop last week, with the All-Share Index (ASI) declining by 1.51 per cent. The market’s downward shift was primarily driven by profit-taking activities, particularly in the industrial and banking sectors.

August 17, 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 224

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

UN Warns Africa’s Sovereign Debt Hits $1trn, Pushing Continent Into Crisis

NNPCL Opens Up On Allegations Of $6.8bn Debt, Remittances To Federation Account

Best Ways To Make Money In Dollars From Nigeria

NCC Urged To Reject Telecom 40% Tariff Hike As Subscriber Group Voices Strong Opposition

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 18th August 2024

Matrix Energy Counters Claim Of Importing Substandard Petrol, Diesel

Federal, State, Local Govts Share N1,358trn Revenue For July- FAAC

Bitcoin Reacts To U.S. Inflation Data: What’s Next For The Cryptocurrency?

15 Best Small-Scale Business Ideas in Nigeria

Nigeria’s Equity Market Declines By 1.51% As Profit-Taking Hits Industrial, Banking Stocks

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