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Business - Page 384

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Dollar Rate Drops In Black Market, Stable In Official Window

In the parallel market on Monday, December 22, the United States dollar (USD) traded for N1,476.95 per $1, compared to the N1,489.01 per USD recorded on Friday, December 19. According to Naira Rates, a black market rates aggregator, the foreign exchange (FX)

December 22, 2025

Obaseki Pledges $35,000 To Fund Edo State Film Festival

Business·Finance & Economy·News

Obaseki Calls For Federal-State Economic Renegotiation Amidst Growing Weakness

Governor Godwin Obaseki of Edo State has said that the Federal Government’s diminishing strength in the face of economic challenges necessitates a renegotiation with states to find sustainable solutions. Speaking directly to a group of newly employed first-class graduates, and young professionals,

November 7, 2023

Business·News·Technology

NCC Canvasses Strong ICT Measures To Curb Financial Crimes

Dr. Aminu Maida, the Executive Vice Chairman and Chief Executive Officer of the Nigerian Communications Commission (NCC), has underscored the vital role of information and communication technology (ICT) in combating financial crimes. Addressing a diverse audience at the 11th Anniversary Lecture Series

November 7, 2023

NGX stock market. Photo credit: TheCable

Business·Markets·News

ASI Hits 70,613.6 Points As Equity Market Gained 0.19%

In the Nigerian Stock Exchange, the All-Share Index (ASI) has reached an all-time high, closing today at 70,613.6 points. This milestone was met with enthusiasm by market participants and experts alike, reflecting the resilience and growth in the nation’s equities market. The

November 7, 2023

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

Business·Currency·News

Naira Depreciates To N869/$1 In Official Market, Gains In Black Market

The exchange rate between the Naira and the US Dollar saw a drop to N869.91 per dollar on Tuesday at the official market. This development marks an N60.89 loss, representing a 6.99% decline in the local currency compared to the N809.02 it

November 7, 2023

Business·News

EFCC Arraigns Oil Magnate For N24 Million Alleged Illegal Petroleum Product Fraud

The Port Harcourt’s Zonal Command of the Economic and Financial Crimes Commission (EFCC) has arraigned Azubuike Uzoma, an oil magnate, before Justice A.T. Mohammed of the Federal High Court in Port Harcourt, Rivers State. Uzoma faces allegations of illegal dealings in petroleum

November 7, 2023

World Bank Report Reveals 34% of Nigeria’s Education, Health Expenditures Lost Due To Absenteeism

Business·News·World News

World Bank Report Highlights NIN Gap In Nigeria’s Cash Transfer Program

The World Bank’s report on the National Social Safety Nets Project has revealed that less than one percent of Nigeria’s poor and vulnerable population possess a National Identity Number (NIN), potentially excluding them from the Federal Government’s cash transfer program. This digital

November 7, 2023

Business·News

‘Nigeria’s Creatives Industry Can Become Largest Export Sector, Contribute $100bn To GDP By 2030’

Nigeria’s creative industry has been estimated to contribute about $100 billion to the country’s Gross Domestic Product (GDP) by 2030. The United States Assistant Secretary of State for Business and Economic Affairs, Ramin Toloui, who made the prediction, asserted that Nigeria’s creative

November 7, 2023

Business·News

Nigerian Govt To Launch Project Delivery Tracker, Encourages Media Support For Initiatives

The Minister of Information and National Orientation, Alhaji Mohammed Idris, revealed today that Nigerians will soon have the capability to monitor and track the implementation of federal government projects. During a meeting with senior media editors and executives, Minister Idris spoke about

November 7, 2023

Nigerian Need Investments For Fiscal Stability - Kenneth Amaeshi

Business

Nigerian States Need Sustainable Investments For Fiscal Stability – Kenneth Amaeshi

To achieve fiscal stability and boost job creation in Nigeria there is need for sustainable investments in viable economic ventures across states, says economic expert, Prof. Kenneth Amaeshi. Amaeshi, who is the Chairman Sustainable Financing, European University Institute, Florence Italy, and Chief

November 7, 2023

Business·News·Oil & Gas

$20 Billion Needed Annually To Address Nigeria’s Gas Infrastructure Gap- NEITI

Dr. Ogbonnaya Orji, the Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), emphasized the urgent need for an estimated $20 billion per year to bridge the expanding gas infrastructure gap in Nigeria. Speaking at the Nigerian International Pipeline and Security

November 7, 2023

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

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

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Business - Page 384

Dollar Rate Drops In Black Market, Stable In Official Window

Obaseki Calls For Federal-State Economic Renegotiation Amidst Growing Weakness

NCC Canvasses Strong ICT Measures To Curb Financial Crimes

ASI Hits 70,613.6 Points As Equity Market Gained 0.19%

Naira Depreciates To N869/$1 In Official Market, Gains In Black Market

EFCC Arraigns Oil Magnate For N24 Million Alleged Illegal Petroleum Product Fraud

World Bank Report Highlights NIN Gap In Nigeria’s Cash Transfer Program

‘Nigeria’s Creatives Industry Can Become Largest Export Sector, Contribute $100bn To GDP By 2030’

Nigerian Govt To Launch Project Delivery Tracker, Encourages Media Support For Initiatives

Nigerian States Need Sustainable Investments For Fiscal Stability – Kenneth Amaeshi

$20 Billion Needed Annually To Address Nigeria’s Gas Infrastructure Gap- NEITI

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