Business - Page 345

Amid Nigeria’s 2.8% Slow Economic Growth In 2023, These Four Sectors Are Top Performers

Utilities (read electricity industry), financial services, information & communication as well as construction have been identified to be the fastest growing sectors of the Nigerian economy this year. Their growth rates were

Victor Ezeja

October 6, 2023

Naira To Sustain Depreciation In 2024 - Analysis Reveals

Business·Currency

40% Depreciation Pushes Nigeria’s Naira Among Worst Currencies In Africa

A World Bank report released this October has ranked the Naira among the worst-performing currencies in Africa, as the Nigerian currency lost 40 per cent of its value following the devaluation

Victor Ezeja

October 5, 2023

Naira Rises Against Dollar, Ends Week On Positive Note

Business·Currency

Naira Depreciates To N756/$ In I&E Window

In a dynamic twist of events, the Nigerian naira faced a rollercoaster ride in the financial markets on Wednesday. The currency, which had exchanged for N745.19 to a dollar just a day

Emmanuel Ochayi

October 5, 2023

Manufacturers Association of Nigeria (MAN) has welcomed the six months waiver of Value-added Tax (VAT) on diesel granted by the Federal Government.

Business

VAT Waver On Diesel: Manufacturers Need Long-term Measures To Lower Production Costs

Manufacturers Association of Nigeria (MAN) has welcomed the six months waiver of Value-added Tax (VAT) on diesel granted by the Federal Government. It however, called on the government to adopt long-term

Victor Ezeja

October 5, 2023

Nearly Half Of U.S Citizens Seek Verdict On Trump's Election Subversion Charge As November Polls Approach

Business·World News

Trump Excluded From Forbes 400 Amid Legal Woes

Donald Trump finds himself excluded from The Forbes 400 list of the richest Americans as his net worth plunges by 19%, now estimated at $2.6 billion.

Emmanuel Ochayi

October 4, 2023

MTN Service Down Time Caused By Damaged Undersea Cables

Business

MTN South Africa Invests Billions To Battle Power Crisis, Leveraging Nigerian Experience

MTN Group's South African arm in a strategic move to combat South Africa's ongoing power crisis has unveiled an extensive infrastructure investment plan.

Emmanuel Ochayi

October 4, 2023

Business·News

Sub-Saharan Africa’s Economic Growth Drops T0 2.5% In 2023 – W’Bank Report

The World Bank’s semi-annual Africa Pulse report has raised concerns about the economic future of sub-Saharan Africa. The report, released today, paints a grim picture of the region’s economic prospects, with projected

Victor Ezeja

October 4, 2023

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Finance & Economy

Unprecedented Naira Depreciation As Black Market Rate Hits N1000/$1 In Q3 2023

Nigeria’s currency, the Naira, experienced a significant depreciation during the third quarter of 2023, with the unofficial market rate plummeting to N1000/$1. This alarming drop, coupled with a decline in external reserves,

Emmanuel Ochayi

October 4, 2023

Delta Airline Shifts Lagos To US Flight Schedule From Night To Afternoon

Business

Delta Airlines Shifts Lagos To US Flight Schedule From Night To Afternoon

Delta Airline has announced a noteworthy shift in its flight schedule. The airline is set to transition its flights departing from Lagos, Nigeria, to the United States from nighttime to early afternoon.

Emmanuel Ochayi

October 4, 2023

Business·News

Senate Warns Tinubu Against Unapproved Use Of CBN Funds For CNG Buses

The Nigerian Senate, in Tuesday’s plenary, stood firmly against any potential move by President Bola Tinubu to utilize the Central Bank of Nigeria’s Ways and Means to finance the purchase of Compressed

Emmanuel Ochayi

October 4, 2023

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Business - Page 345

Amid Nigeria’s 2.8% Slow Economic Growth In 2023, These Four Sectors Are Top Performers

40% Depreciation Pushes Nigeria’s Naira Among Worst Currencies In Africa

Naira Depreciates To N756/$ In I&E Window

VAT Waver On Diesel: Manufacturers Need Long-term Measures To Lower Production Costs

Trump Excluded From Forbes 400 Amid Legal Woes

MTN South Africa Invests Billions To Battle Power Crisis, Leveraging Nigerian Experience

Sub-Saharan Africa’s Economic Growth Drops T0 2.5% In 2023 – W’Bank Report

Unprecedented Naira Depreciation As Black Market Rate Hits N1000/$1 In Q3 2023

Delta Airlines Shifts Lagos To US Flight Schedule From Night To Afternoon

Senate Warns Tinubu Against Unapproved Use Of CBN Funds For CNG Buses

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