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Business - Page 246

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

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

Business·Currency·News

CBN Revises Guidelines For Foreign Currency Deposits

The Central Bank of Nigeria (CBN) has released new guidelines for the deposit of foreign currency notes by Deposit Money Banks (DMBs). In a circular dated 27 June 2024 signed by CBN’s acting director, Currency Operations Department, Mohammed Olayemi, the apex bank

June 29, 2024

Business·News

Netizens React As Cost Of Healthy Diet In Nigeria Rises By 32% In 5 Months

The cost of Healthy Diet Soars The cost of a healthy diet (CoHD) in Nigeria has surged by 32 percent, reaching N1,041 per adult per day in May 2024, compared to N786 in December 2023. This data comes from the latest Cost

June 29, 2024

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Finance & Economy

Nigeria’s External Reserves Rises To $34bn, Highest Since March

Nigeria’s external reserves has surged to $34.07 billion in June. This was revealed in the latest forex reserves data published by the Central Bank of Nigeria (CBN) on its official website. The figure marks the highest level since March 2024. Prime Business

June 28, 2024

AMA News·Business

Mastercard Foundation Fund for Resilience and Prosperity

LONDON, England, 28 June 2024, /African Media Agency/- AFSIC – Investing in Africa is wholly focused on accelerating Africa’s economic emergence by matching investment opportunities in Africa transforming Africa’s business, trade and investment environment sustainably growing Africa’s economy and increasing African incomes in all business sectors at a

June 28, 2024

Business·News

Nigeria’s Treasury Bills See Strong Demand, Raise N284.26bn

Strong Investor Interest in Latest Treasury Bills Auction The Federal Government of Nigeria, through the Central Bank of Nigeria (CBN), has successfully raised a total of N284.26 billion, in its latest Nigerian Treasury Bills (T-Bills) auction. This comes amid a significant rise

June 28, 2024

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

Business·News·Oil & Gas

NNPC Leads Nigeria’s $4.15bn Gas Infrastructure Expansion To Boost Economy

Federal Government Announces $4.15bn Gas Projects Nigeria is on its way to becoming a leading gas-powered economy, thanks to three gas projects worth $4.15 billion. The Federal Government made this announcement on Thursday, highlighting the Nigerian National Petroleum Company Limited’s (NNPC) involvement

June 28, 2024

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

Business·Markets·News

Nigeria Stock Market Sees Modest Gains Amid Light Trading

Market Records Positive Session Nigeria’s stock market experienced a modest gain in a session marked by lighter trading. The market rose by 0.01 per cent, equivalent to a N6 billion increase, driven by investor interest in Seplat Energy, Cutix, United Capital, and

June 28, 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 28th June 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

June 28, 2024

Energy, Exchange Rate, Transportation Top Three Drivers Of Inflation In Nigeria - CBN Survey

Business

Import: CBN Stops Price Verification System For Form M

The Central Bank of Nigeria has discontinued its Price Verification System (PVS) required for validation of Form M application. In a circular released on Wednesday, 26 June, the apex bank said the discontinuation takes effect from 1 July 2024. It referenced a

June 28, 2024

Expert Calls For Maximum Utilisation Of All Oil Wells As Production Declines Further

Business·Oil & Gas

Stakeholder Collaboration Key To Boosting Oil Production In Nigeria – NUPRC Boss

Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, has underscored the need for collaboration among stakeholders in Nigeria’s oil and gas industry value chain, saying it is key to boosting production. The NUPRC chief executive made the

June 27, 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 246

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

CBN Revises Guidelines For Foreign Currency Deposits

Netizens React As Cost Of Healthy Diet In Nigeria Rises By 32% In 5 Months

Nigeria’s External Reserves Rises To $34bn, Highest Since March

Mastercard Foundation Fund for Resilience and Prosperity

Nigeria’s Treasury Bills See Strong Demand, Raise N284.26bn

NNPC Leads Nigeria’s $4.15bn Gas Infrastructure Expansion To Boost Economy

Nigeria Stock Market Sees Modest Gains Amid Light Trading

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 28th June 2024

Import: CBN Stops Price Verification System For Form M

Stakeholder Collaboration Key To Boosting Oil Production In Nigeria – NUPRC Boss

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