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Business - Page 327

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

Shoprite Nigeria Closes Kano Store, Mulls 5-year Bullish Growth For Nigerian Market

Shoprite Nigeria has announced plans to close its Ado Bayero Store in Kano from January 14, 2024, just as it hinted at the retail chain’s two to five-year bullish growth plan for the Nigerian market.

January 16, 2024

AMA News·Business

TPAY to enable Mobile Payments for PUBG MOBILE in Egypt!

DUBAI, United Arab Emirates, January 16, 2024 -/African Media Agency(AMA)/- TPAY MOBILE, META’s most reliable digital micropayments facilitator, today announces through its partnership with Tencent, the launch of Direct Carrier Billing for PUBG MOBILE in Egypt. This launch provides gamers in Egypt to

January 16, 2024

Business·Markets

Chams, PZ, Others Drive Equity Market To N874bn Gain As ASI Appreciates By 1.92%

In a surge, Chams Holdings Plc and PZ Cussons, along with 66 other gainers, orchestrated a N874bn gain in the equity market.

January 16, 2024

Business·Markets

NGX: Transcorp Hotels Plc Hits N1trn Market Capitalization

In a feat, Transcorp Hotels Plc has secured its position among Nigeria’s market leaders by reaching a market capitalization of N1 trillion on the Nigerian Exchange Limited. The hospitality giant, known for its returns, exhibited a 1,027% capital gain throughout 2023, surpassing

January 16, 2024

Nigeria's Q2 Foreign Capital Drops 9.04%, Lagos Leads

Business

Bayelsa, Edo, Ebonyi, 11 Other States Spend N21bn On Foreign Trips, At Zero Foreign Investment Inflow

Despite spending a whopping N21.04 billion on foreign trips over the past three years, 14 Nigerian states, including Bayelsa, Edo, and Ebonyi, have failed to attract any foreign investments into their domains. The figures, extracted from state budget performance reports, reveal a

January 16, 2024

Nigeria's Inflation Rate Hits 33.88% In October Amid Fresh Fuel Price Spike

Business

Blame Naira Depreciation For Nigeria’s Highest Inflation In 21 Years – Experts

Nigeria grapples with a daunting economic challenge as inflation hits a 28.92% in December 2023, marking the highest in 21 years, according to data from the National Bureau of Statistics.

January 16, 2024

Business·Diaspora

Optiva Capital Partners Launches Diaspora Investor Direct Investment

Optiva Capital Partners Limited has launched a new product tagged Diaspora Investor Direct Investment (DIDI)

January 15, 2024

Kaduna Refinery: The Role Of Local Refining In Nigeria's Fuel Economy

Business·Oil & Gas

Conoil Plc, NNPC Retail, 5 Others To Distribute Dangote Petroleum

Dangote Petroleum Refinery in Nigeria has marked a pivotal milestone as seven major oil marketers, including 11 Plc, Conoil Plc, Ardova Plc, MRS Oil Nigeria Plc, OVH Energy Marketing Limited, Total Nigeria Plc, and NNPC Retail, have registered with the refinery for

January 15, 2024

Port Harcourt Refinery Is Over 75% Completed, Says Managing Director

Business·News·Oil & Gas

Why NNPCL Will Hand Over Port Harcourt Refinery To Private Operators

As the Port Harcourt oil refinery springs back to life, the Nigerian National Petroleum Company Limited (NNPCL) has announced its intention to hand over the government facility to private operators. In a move aimed at ensuring reliability and sustainability for the nation’s

January 15, 2024

AMA News·Business

Amidst Ongoing Global Crises, Gates Foundation Announces Largest Annual Budget Ever: $8.6 Billion in 2024 to Save and Improve Lives

Increased funding includes support for health innovations that could save millions more lives by 2030 DAVOS, Switzerland, January 15, 2024 -/African Media Agency (AMA)/- The Bill & Melinda Gates Foundation today announced its largest annual budget to date as it works toward the

January 15, 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 327

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

Shoprite Nigeria Closes Kano Store, Mulls 5-year Bullish Growth For Nigerian Market

TPAY to enable Mobile Payments for PUBG MOBILE in Egypt!

Chams, PZ, Others Drive Equity Market To N874bn Gain As ASI Appreciates By 1.92%

NGX: Transcorp Hotels Plc Hits N1trn Market Capitalization

Bayelsa, Edo, Ebonyi, 11 Other States Spend N21bn On Foreign Trips, At Zero Foreign Investment Inflow

Blame Naira Depreciation For Nigeria’s Highest Inflation In 21 Years – Experts

Optiva Capital Partners Launches Diaspora Investor Direct Investment

Conoil Plc, NNPC Retail, 5 Others To Distribute Dangote Petroleum

Why NNPCL Will Hand Over Port Harcourt Refinery To Private Operators

Amidst Ongoing Global Crises, Gates Foundation Announces Largest Annual Budget Ever: $8.6 Billion in 2024 to Save and Improve Lives

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

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

SEC Orders Full Registration of Tradable Instruments by January 2026

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resigns

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