Business - Page 229

Naira Depreciation Spurs Surge In Raw Material Imports To N3trn- NBS Reveals

Imports of raw materials into Nigeria surged by 25 percent to N3 trillion in 2023, driven by the depreciation of the naira against the dollar. This increase was highlighted in the Foreign

Emmanuel Ochayi

April 5, 2024

Nigeria's Hardship Will Multiply If IMF's Advice On Electricity Subsidy Removal Is Followed, Alaje, Shehu Sani Warn

Business·Power

‘Govt Choking Us With Bills’: Nigerians Kick Against Electricity Tariff Hike

Nigerians have lamented about the potential negative impact of the latest hike in electricity tariff sanctioned by the Federal Government. While some expressed concerns about the inevitable spike in energy costs, and

Victor Ezeja

April 4, 2024

AMA News·Business

Multilateral Development Banks launch joint tool to assess country Electronic Government Procurement (eGP) Systems

ABIDJAN, Côte d’Ivoire, 2 April 2024 -/African Media Agency(AMA)/-The heads of procurement of the Multilateral Development Banks (MDBs) have collaboratively developed a comprehensive and user-friendly tool for assessing electronic government procurement (e-GP) systems of partner countries.

Prime Business Africa

April 4, 2024

Business·News

Transcorp Power Records N142.1bn Gross Earnings In 2023, Signaling Robust Growth

Transcorp Power Plc, one of the power subsidiaries of Nigeria’s leading conglomerate, Transnational Corporation Plc (Transcorp), recorded gross earnings of N142.1 billion in FY 2023.

Victor Ezeja

April 4, 2024

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

Business·Markets·News

NGX Bearish Trend Continues Amidst Bank Recapitalization Plans

The NGX All-Share Index experienced a downward trajectory, reflecting investor concerns over the central bank’s proposed bank recapitalization strategies. Closing at 104,181.32 points, the index saw a decline of 336.82 points compared

Emmanuel Ochayi

April 4, 2024

Business·News

Nigeria’s Public Debt: 10 Largest Creditors As Of December 2023

As of December 2023, Nigeria’s public debt surged to ₦97.34 trillion, according to data from the Debt Management Office (DMO). This marks a significant increase of 146% from the previous year, a

Emmanuel Ochayi

April 4, 2024

Nigeria's Food Crisis: Corruption, Mismanagement To Blame?

Business·Finance & Economy·News

Lagos Govt To Regulate Soaring Prices Of Food- Commissioner

In a bid to address the persistent surge in food prices, Lagos State Commissioner of Agriculture, Miss Abisola Olusanya, emphasized the importance of enforcing regulations on food prices within the state. Speaking

Emmanuel Ochayi

April 4, 2024

Naira Ends Week With N30 Gain In Black Market: Hope For Naira?

Business·Markets·News

Steady Dollar Supply Pushes Naira To N1,262/$, Delighting Nigerians

The Nigerian Naira continues its upward trend against the United States dollar at N1,262/$1, bringing smiles to many faces across the nation. On Wednesday, the currency appreciated both at the official foreign

Emmanuel Ochayi

April 4, 2024

Business·Finance & Economy·News

Customs Revenue Collection Rises By 122.35% To N1.3trn In Q1 2024

Nigeria Customs Service’s revenue collection increased by 122.35 per cent to N1.3 trillion in the first quarter of 2024 against N606.1 billion it collected in first quarter (Q1) of 2023.

Victor Ezeja

April 4, 2024

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, June 13th 2025

Business·Currency·News

Naira Sustains Trading Below N1,300/$1 For Second Day In Months

The Nigerian Naira has continued appreciation, trading below N1,300/$1 for the second day after months at both official and parallel foreign exchange markets windows.

Victor Ezeja

April 4, 2024

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Business - Page 229

Naira Depreciation Spurs Surge In Raw Material Imports To N3trn- NBS Reveals

‘Govt Choking Us With Bills’: Nigerians Kick Against Electricity Tariff Hike

Multilateral Development Banks launch joint tool to assess country Electronic Government Procurement (eGP) Systems

Transcorp Power Records N142.1bn Gross Earnings In 2023, Signaling Robust Growth

NGX Bearish Trend Continues Amidst Bank Recapitalization Plans

Nigeria’s Public Debt: 10 Largest Creditors As Of December 2023

Lagos Govt To Regulate Soaring Prices Of Food- Commissioner

Steady Dollar Supply Pushes Naira To N1,262/$, Delighting Nigerians

Customs Revenue Collection Rises By 122.35% To N1.3trn In Q1 2024

Naira Sustains Trading Below N1,300/$1 For Second Day In Months

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