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Business - Page 237

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

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

Business·Markets·News

Nigeria’s Equity Market Sees 0.35% Decrease Amidst Lukewarm Investor Sentiment

Weekly Performance Nigeria’s equity market experienced a decrease of 0.35 per cent in the trading week ending Friday, July 12. This decline resulted in investors losing approximately N140 billion. A market analyst, Jane Olatunji, commented: “The market recorded only one positive session

July 13, 2024

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025

Business·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 13th 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) in the black market, also known as the parallel market

July 13, 2024

Business·Currency·News

Forex Crisis: CBN Sells $122.67m To 46 Authorised BDC Operators

In an effort to foster stability and lessen market volatility, the Central Bank of Nigeria (CBN) has again intervened in the foreign exchange (forex) market, selling a total of $122.67 million to 46 authorised Bureau De Change operators. Prime Business Africa reports

July 13, 2024

How Nigeria's FX Reserves Dropped By $1.3bn– Report

Business·Markets·News

CBN Intervenes In FX Market With $122.67m Sales To 46 Authorised Dealers To Promote Stability

Central Bank of Nigeria (CBN) Moves to Stabilize FX Market with US$122.67 Million Sale In a move to stabilize the FX market, the Central Bank of Nigeria (CBN) on Friday sold US$122.67 million to 46 authorized dealers. This intervention aims to reduce

July 13, 2024

POS Fraud Cases Surge by 31.12% in Q1 2024 Amid Security Concerns

Business·News

POS Fraud Cases Surge by 31.12% in Q1 Amid Security Concerns

POS Transactions See Sharp Rise in Fraud Cases The prevalence of fraud and forgery in Nigeria’s payment system has shown a significant shift in the first quarter of the year, with Point-of-Sale (POS) transactions experiencing the highest increase in fraudulent activities. According

July 12, 2024

Business·Markets·News

Equity Market Continues Decline As Seplat Energy Leads Fall

Seplat Energy Takes a Hit Nigeria’s equity market experienced a downturn on Thursday, with a decline of 0.33 per cent, amounting to a loss of N188 billion. This drop was primarily driven by the performance of Seplat Energy Plc, a major player

July 12, 2024

Business·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 12th July 2024

July 12, 2024

AMA News·Business

Aleph Hospitality ventures into Nairobi’s restaurant scene

The hospitality group takes over the management of its first stand-alone restaurant and entertainment venue in Kenya NAIROBI, Kenya, July 11, 2024 -/African Media Agency(AMA)/- Aleph Hospitality, the largest independent hospitality management company in the Middle East and Africa, has signed a management

July 11, 2024

World Bank Report Reveals 34% of Nigeria’s Education, Health Expenditures Lost Due To Absenteeism

Business·News

World Bank Report Reveals 34% of Nigeria’s Education, Health Expenditures Lost To Absenteeism

World Bank Highlights Absenteeism Issues The World Bank’s latest Human Capital Public Expenditure and Institutional Review on Nigeria has revealed absenteeism issues affecting public expenditure on health and education. The report indicates that absenteeism among health workers and teachers is a critical

July 11, 2024

Business·News·Oil & Gas

Why No Plan To Withdraw Dormant Refining Licences – Nigerian Govt

Government’s Stance on Dormant Refining Licences The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has stated it has no current plans to withdraw refining licences awarded to companies that have yet to build their refineries. This clarification comes in response to

July 11, 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 237

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

Nigeria’s Equity Market Sees 0.35% Decrease Amidst Lukewarm Investor Sentiment

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 13th July 2024

Forex Crisis: CBN Sells $122.67m To 46 Authorised BDC Operators

CBN Intervenes In FX Market With $122.67m Sales To 46 Authorised Dealers To Promote Stability

POS Fraud Cases Surge by 31.12% in Q1 Amid Security Concerns

Equity Market Continues Decline As Seplat Energy Leads Fall

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 12th July 2024

Aleph Hospitality ventures into Nairobi’s restaurant scene

World Bank Report Reveals 34% of Nigeria’s Education, Health Expenditures Lost To Absenteeism

Why No Plan To Withdraw Dormant Refining Licences – Nigerian Govt

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