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Business - Page 256

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

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

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

Business·Markets·News

Equity Market Gains N323bn As Key Stocks Soar

On Monday, the equity market experienced a boost, gaining N323 billion. This was primarily driven by the appreciation in the shares of Flour Mills Nigeria, Total Nigeria, Access Holding, and 27 other stocks. At the end of the trading day, the market

June 11, 2024

Atedo Peterside Supports 'All Eyes On The Judiciary' Slogan, Cites Neutrality

Business·News

Atedo Peterside Retires From Stanbic IBTC Board

Nigerian investment banker and entrepreneur, Atedo Peterside, has retired as a non- executive director of the board of Stanbic IBTC Bank and Standard Bank South Africa.

June 10, 2024

Business·News·Oil & Gas

NNPCL Denies Inflating Fuel Subsidy Payments

The Nigerian National Petroleum Company Limited (NNPCL) has denied inflating fuel subsidy payments at any point in time.

June 10, 2024

Business·News

Minimum Wage: Labour To Reject N100,000 Proposal By Nigerian Govt As Negotiations Continues On Tuesday

Organised labour in Nigeria has firmly rejected the federal government’s proposal for a new minimum wage of ₦62,000 or ₦100,000, describing it as insufficient for the average worker. Chris Onyeka, Assistant General Secretary of the Nigeria Labour Congress (NLC), made the union’s

June 10, 2024

Business·News

386 Women Win Big At Grooming Splash 2024

The 13th annual Grooming Splash event, organized by Grooming People for Better Livelihood Centre, has concluded with 386 winners, all of whom are women. The reward scheme by Grooming is organized yearly to encourage and empower the lender’s customers to keep transacting

June 10, 2024

Interesting Things To Know Ahead Rebased Inflation Figures

Business·News

Inflation Rate: Nigeria, US Expect Further Surge As Naira Continues To Struggle

The inflation rate has become a global concern, impacting economies at various levels. In Nigeria, consumer prices accelerated to a near-three-decade high in April, hitting 33.69%. This surge has tightened spending power and led to a cost of living crisis. Central Bank

June 10, 2024

The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

Business·Markets·News

Nigerian Stock Market Gains N15.25trn In First 5 Months Of 2024

The Nigerian stock market has made gains in the first five months of 2024, with the overall market capitalisation increasing by N15.25 trillion. This increase brought the total market capitalisation to N56.172 trillion by the end of May 2024, a 37.28 per

June 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 256

Exchange Rates For Dollar Increase Across Parallel, Official Markets

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

Equity Market Gains N323bn As Key Stocks Soar

Atedo Peterside Retires From Stanbic IBTC Board

NNPCL Denies Inflating Fuel Subsidy Payments

Minimum Wage: Labour To Reject N100,000 Proposal By Nigerian Govt As Negotiations Continues On Tuesday

386 Women Win Big At Grooming Splash 2024

Inflation Rate: Nigeria, US Expect Further Surge As Naira Continues To Struggle

Nigerian Stock Market Gains N15.25trn In First 5 Months Of 2024

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