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Business - Page 255

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

Nigeria’s Oil Production Drops To 1.2mbpd Despite Government Claims- OPEC

Nigeria’s daily oil production dipped further to 1.25 million barrels per day (mbpd) in May, according to a report by the Organisation of the Petroleum Exporting Countries (OPEC). This contradicts recent claims by the Federal Government and the Nigerian National Petroleum Company

June 13, 2024

Nigerian Democracy @ 25: A Celebration or a Charade?

Business·FEATURES·News·Politics

Democracy Day: Is Nigeria @ 25 A Celebration Or Charade?

As Nigeria marks 25 years of uninterrupted democracy, since the 1999 transition from military rule, the nation reflects on an inspiring yet challenging journey. The Nigerian democratic experience stands out in a continent where some countries have been plagued by military coups

June 12, 2024

Dangote Refinery: Fueling Nigeria's Economic Resurgence or Monopoly Menace?

Business·News·Oil & Gas

Mixed Reaction As Dangote Refinery Postpones Petrol Supply To July 15

Dangote Refinery has announced that its plan to release Premium Motor Spirit (PMS) into the market this month, will no longer be possible, leading to diverse reactions from Nigerians. The President of Dangote Group, Aliko Dangote, made this known during a facility

June 12, 2024

Guinness Nigeria Appoints New Board Members As Tolaram Completes Acquisition

Business·News

Tolaram To Acquire Diageo’s 58% Stake In Guinness Nigeria

Tolaram, a multinational company, is set to acquire Diageo’s 58.02% shareholding in Guinness Nigeria Plc, marking a significant shift in Nigeria’s beverage industry. This development was revealed in a document filed with the Nigeria Stock Exchange, signed by Abidemi Ademola, Company Secretary

June 12, 2024

NGX ASI Further Drops By 0.67%, As BUA Cement, Eterna Among Top Losers

Business·Markets·News

Nigerian Equity Market Sees N92.32bn Loss Amid Mixed Performance

The Nigerian equity market experienced a notable decline on Tuesday, with losses amounting to N92.32 billion. This drop was primarily driven by dips in the stock values of National Salt Company, Thomas Wyatt Nigeria, and May & Baker Nigeria, along with 16

June 12, 2024

5 Ways To Manage Your Finances Amid Soaring Prices

Business·News

5 Ways To Manage Your Finances Amid Rise Of Prices

As the Nigerian economy continues to struggle with rising prices, experts suggest making a plan and sticking to 5 ways to manage your finances. “What are these prices?” Victoria Adeoye exclaimed, holding up a pack of beans during a video call with

June 12, 2024

Minimum Wage: A Call For A Living Wage, Not Just A New Wage

Business·News

Minimum Wage: A Call For Living Wage, Not Just New Wage

The nationwide industrial action, conducted last week in Nigeria, brings back memories of the last minimum wage increment. History offers us a clear lesson, while intended to ease the financial burden on the working class, the aftermath of these increment raises questions

June 11, 2024

Nigerian Naira Vs U.S. Dollar: What To Expect This Week (17th-22nd, March 2025)

Business·Markets·News

Naira Remains Stable At N1,483/$1, Traders Express Cautious Optimism

The naira remained stable at N1,483.62 per US dollar on Monday, at the Nigerian Autonomous Foreign Exchange Market, as reported by FMDQ Securities Exchange Limited. This marks a marginal strengthening of 0.02 per cent from the rate of N1,483.99 quoted on Friday,

June 11, 2024

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

Business·News

Currency In Circulation Hits N3.97trn In May

The value of currency in circulation in Nigeria has reached a historic high of N3.97 trillion at the end of May, marking a 1.07 per cent increase over the previous month. This data, released on the Central Bank of Nigeria (CBN) website

June 11, 2024

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

Business·News

Nigeria’s Debt Servicing Rises To $2.2bn In 5 Months- CBN Reveals As Fx Crisis Persists

Nigeria’s debt servicing cost soared to about $2.2 billion in the first five months of 2024, according to the latest data from the Central Bank of Nigeria (CBN). This figure represents nearly half of the $4.8 billion that Fitch Ratings projected for

June 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 255

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

Nigeria’s Oil Production Drops To 1.2mbpd Despite Government Claims- OPEC

Democracy Day: Is Nigeria @ 25 A Celebration Or Charade?

Mixed Reaction As Dangote Refinery Postpones Petrol Supply To July 15

Tolaram To Acquire Diageo’s 58% Stake In Guinness Nigeria

Nigerian Equity Market Sees N92.32bn Loss Amid Mixed Performance

5 Ways To Manage Your Finances Amid Rise Of Prices

Minimum Wage: A Call For Living Wage, Not Just New Wage

Naira Remains Stable At N1,483/$1, Traders Express Cautious Optimism

Currency In Circulation Hits N3.97trn In May

Nigeria’s Debt Servicing Rises To $2.2bn In 5 Months- CBN Reveals As Fx Crisis Persists

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