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Business - Page 242

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

Equity Market Maintains Positive Momentum, Rises By 0.23% Despite Low Activity

Positive Performance in the Nigerian Equity Market Nigeria’s equity market recorded a 0.23 per cent increase at the close of trading on Wednesday, marking the second consecutive positive trading session this week. The positive close comes despite a generally low market activity

July 4, 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 4th 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 4, 2024

Business·News·Oil & Gas

Nigerian Govt Approves Oando’s Acquisition Of Agip

Nigerian government has announced completion of the deal for acquisition of 100% Nigerian Agip Oil Company (NAOC), by Oando PLC. Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, who made the disclosure at Nigeria’s Oil and Gas Week

July 4, 2024

Weak Naira: CBN Sells $543.5m To Boost FX Market

Business·News

Economic Expert Hails CBN For Stopping FX Price Verification System

Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE) Dr Muda Yusuf, has commended the Central Bank of Nigeria (CBN) for discontinuing its Forex Price Verification System Portal, saying it was counterproductive. The CBN had last Thursday, announced

July 4, 2024

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

Business·News

Inflation: Nigerian Money Supply Hits N99trn, Sparks Economic Worries

Nigerian Money Supply Reaches Record High In May 2024, Nigeria’s money supply (M3) hit an unprecedented high of N99.23 trillion, raising concerns about the naira’s stability and ongoing inflation. According to the Central Bank of Nigeria (CBN), this figure represents a 78.18%

July 3, 2024

Nigerians Spend N16.5trn On Diesel, Petrol, Generators For Self-Generated Power In 2023- Report

Business·News

Nigerians Spend N16.5trn On Diesel, Petrol, Generators For Self-Generated Power- Report

Informal Power Spending Soars In 2023 alone, Nigerians spent N16.5 trillion on diesel, petrol, and generators to meet their electricity needs. This figure dwarfs the N1 trillion revenue generated by the formal power sector, which includes electricity generation, transmission, and distribution companies.

July 3, 2024

Nigeria Now Leading Cement Exporter In Africa – Dangote

Business·News

Dangote Warns High Interest Rates Will Hurt Local Manufacturers

Rising Interest Rates a Major Concern Aliko Dangote, Chairman and CEO of the Dangote Group, has highlighted the adverse effects of rising interest rates on local manufacturers. At the opening session of the National Manufacturing Policy Summit in Abuja, he said, “Nobody

July 3, 2024

EU-Nigeria Trade Volume Trade Volume Hits €24.6bn Amid 18.7% Drop

Business·News

EU-Nigeria Trade Volume Reaches €24.6bn Despite 18.7% Drop From Previous Year

EU-Nigeria Business Forum Reveals New Agribusiness Platform Trade Volume Decline The volume of trade between the European Union (EU) and Nigeria reached €24.6 billion in 2023, despite 18.7% decrease from the previous year’s figures. This information was disclosed by Miriam Ferran, the

July 3, 2024

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

Business·Markets·News

Equity Market Records Positive Close As Stocks Show Mixed Performance

Nigeria’s equity market recorded its first positive close for the month on Tuesday, July 2, with a slight rise of 0.05 percent after a 0.04% decline from Monday trading as reported by Prime Business Africa. Stocks such as Fidson Healthcare, Jaiz Bank,

July 3, 2024

Business·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 3rd July 2024

July 3, 2024

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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 242

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

Equity Market Maintains Positive Momentum, Rises By 0.23% Despite Low Activity

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 4th July 2024

Nigerian Govt Approves Oando’s Acquisition Of Agip

Economic Expert Hails CBN For Stopping FX Price Verification System

Inflation: Nigerian Money Supply Hits N99trn, Sparks Economic Worries

Nigerians Spend N16.5trn On Diesel, Petrol, Generators For Self-Generated Power- Report

Dangote Warns High Interest Rates Will Hurt Local Manufacturers

EU-Nigeria Trade Volume Reaches €24.6bn Despite 18.7% Drop From Previous Year

Equity Market Records Positive Close As Stocks Show Mixed Performance

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 3rd July 2024

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