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Business - Page 238

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

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

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

Business·Markets·News

Nigerian Stock Market Closes Flat Amid Sell-Side Pressure

Market Overview The Nigerian stock market ended the trading session on Wednesday flat, despite significant sell-side pressure observed earlier in the week. The market closed without major changes as investors chose to sell off stocks in the banking, insurance, and oil &

July 11, 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 11th 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 11, 2024

Business·FEATURES·Finance & Economy·News

Nigeria To Repay $30bn For $2.5bn IMF Loan – See Why And How

As Nigeria secures $2.5 billion loan from the International Monetary Fund (IMF) to meet its financial needs, there are concerns that the country might end up repaying the loan with as much as $30 billion. Prime Business Africa reports that the Minister

July 10, 2024

Business·News

Minimum Wage: We Won’t Go Back On N250,000 Demand- TUC Insists

Labour Leaders Stand Firm on Minimum Wage The Organized Labour still insists that the N250,000 benchmark remains the ideal minimum wage for workers in Nigeria, according to the President of the Trade Union Congress, Festus Osifo. Speaking on Tuesday, Osifo reiterated this

July 10, 2024

Africa·Business·News

Intra-Africa Trade: Nigeria Ranks Fourth

Nigeria’s Trade Performance Nigeria has emerged as the fourth-largest contributor to intra-Africa trade in 2023, trailing behind South Africa, Cote d’Ivoire, and Egypt, according to the Africa Trade Report 2024 by the Africa Export-Import Bank. The report, titled “Climate Implications of the

July 10, 2024

NNPC Seeks New $2 Billion Oil-Backed Loan To Boost Finances

Business·News·Oil & Gas

NNPCL Seeks New $2bn Oil-Backed Loan To Boost Finances

NNPCL’s Ongoing Financial Strategies The Nigerian National Petroleum Company Limited (NNPCL) is negotiating a new oil-backed loan to strengthen its finances and support its business activities, according to Mele Kyari, Group Chief Executive Officer of NNPCL. The company aims to raise at

July 10, 2024

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

Business·Markets·News

UACN, Africa Prudential, Ikeja Hotel, Others Drive Equity Market Loss Of N114bn

Equity Market Sees a Downturn The Nigerian equities market experienced a decline on Tuesday, falling by 0.20% or N114 billion. This downturn was primarily due to investors selling shares of major companies such as UACN, Africa Prudential, and Ikeja Hotel. Daily and

July 10, 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

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

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Business - Page 238

Exchange Rates For Dollar Increase Across Parallel, Official Markets

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

Nigerian Stock Market Closes Flat Amid Sell-Side Pressure

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 11th July 2024

Nigeria To Repay $30bn For $2.5bn IMF Loan – See Why And How

Minimum Wage: We Won’t Go Back On N250,000 Demand- TUC Insists

Intra-Africa Trade: Nigeria Ranks Fourth

NNPCL Seeks New $2bn Oil-Backed Loan To Boost Finances

UACN, Africa Prudential, Ikeja Hotel, Others Drive Equity Market Loss Of N114bn

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Business - Page 238

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