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Business - Page 239

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

Business·News

Minister Urges SEC To Tighten Cryptocurrency Oversight, Ensure Market Integrity

Minister of Finance Calls for Stringent Oversight On Cryptocurrency The newly inaugurated board of the Securities and Exchange Commission (SEC) has been called upon to tackle the complexities of regulating cryptocurrencies and ensure stringent oversight to maintain market integrity in the capital

July 9, 2024

Business·News

Food Inflation Crisis: Nigerian Govt Approves N2trn Package, Suspends Duty On Rice, Wheat, Others

In response to the escalating food inflation crisis, the Federal Government has approved an intervention plan to stabilise and advance the country’s food security. Minister of Agriculture and Food Security, Abubakar Kyari, announced the approval of N2 trillion to combat food inflation

July 9, 2024

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

Business·Markets·News

Equity Market Begins Week On Slight Dip Amid Mixed Sentiments

Market Overview Nigeria’s equity market opened the new week on a slightly negative note, dipping by 0.01 per cent. This movement came as investors sold consumer goods stocks despite engaging in bargain hunting within the banking, oil & gas, and insurance sectors.

July 9, 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 9th 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 9, 2024

Naira Falls Against Dollar Across FX Markets

Business·News

Nigeria’s FX Reserves Rise To $34.66bn, Highest Level In 13 Months

FX Reserves Growth: A 13-month High Nigeria’s external reserves have risen by $1.88 billion to $34.66 billion as of 4 July 2024, marking the highest level in 13 months. This increase is detailed in the Central Bank of Nigeria’s (CBN) external reserve

July 9, 2024

Business·Finance & Economy

Recapitalisation: Now Is Perfect Time To Invest In Nigeria – GTCO CEO

Group Chief Executive Officer of Guaranty Trust Holding Company Plc (GTCo), Segun Agbaje, has asserted that looking at the economic situation in Nigeria, it is the perfect time to make investments in the country. He said the Central Bank of Nigeria’s monetary

July 9, 2024

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

Business·News·Oil & Gas

NNPC Attributes Fuel Queues To Logistics Disruption, Weather Conditions

Logistics Chain Disruptions The Nigerian National Petroleum Corporation (NNPC) Ltd has addressed the recent fuel queues observed in the Federal Capital Territory (FCT) and other parts of Nigeria. According to a statement issued on Monday by Chief Corporate Communications Officer Olufemi Soneye,

July 9, 2024

Fuel Queues: Rainstorm Disrupted Supply To Filling Stations – MEMAN

Business·News·Oil & Gas

Fuel Queues: Thunderstorm, Lightning Disrupted Supply To Filling Stations – MEMAN

The Major Energies Marketers Association of Nigeria (MEMAN) has said the reoccurrence of queues at filling stations in some parts of the country was due to disruption in the supply of petrol to the outlets. MEMAN Executive Secretary, Mr Clement Isong, said the

July 8, 2024

Fresh Petrol Price Hike Stokes Fears Of Further Inflation Spike In Nigeria

Business·News·Oil & Gas

Petrol Pump Price May Hit ₦1000 – Sources

Aside from the scarcity of petrol already building up in parts of Nigeria, residents may have to grapple with higher prices as there are indications that the official pump price may increase to N1,000 per litre. Primebusiness.africa gathered from dependable sources that

July 8, 2024

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

Business·News

CBN Governor Promises Slowdown In Interest Rate Increases

Inflation Control Critical, Says CBN Governor The Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, recently declared that the institution aims to slow down the increases in the benchmark interest rate soon. Prime Business Africa reports that Cardoso made

July 8, 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 239

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

Minister Urges SEC To Tighten Cryptocurrency Oversight, Ensure Market Integrity

Food Inflation Crisis: Nigerian Govt Approves N2trn Package, Suspends Duty On Rice, Wheat, Others

Equity Market Begins Week On Slight Dip Amid Mixed Sentiments

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 9th July 2024

Nigeria’s FX Reserves Rise To $34.66bn, Highest Level In 13 Months

Recapitalisation: Now Is Perfect Time To Invest In Nigeria – GTCO CEO

NNPC Attributes Fuel Queues To Logistics Disruption, Weather Conditions

Fuel Queues: Thunderstorm, Lightning Disrupted Supply To Filling Stations – MEMAN

Petrol Pump Price May Hit ₦1000 – Sources

CBN Governor Promises Slowdown In Interest Rate Increases

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