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Business - Page 386

Stock Market Rally Halted As Demand For Ecobank, PZ Cussons Shares Dropped

ALEX Leads NGX Gainers’ List, Guinea Insurance Among Losers

At the end of trading in the Nigerian stock market on Monday, December 22, the capitalisation of the Nigerian Exchange (NGX) Limited closed at N97.19 trillion. Also, the all-share index (ASI) of the NGX stood at 152,459.07 ASI. Equity traders exchanged 451,52

December 22, 2025

Business·News

Court Orders EFCC To Produce Emefiele On November 8 Amidst Discrepancy

Justice Olukayode Adeniyi of the Federal Capital Territory (FCT) High Court has ordered the Economic and Financial Crime Commission (EFCC) to either produce or release the former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, in court on November 8.

November 6, 2023

Business·News

Global Pharmaceutical Packaging Market To Surge By $48.88 Billion By 2027- Report

The global pharmaceutical packaging market is set to surge by $48.88 billion from 2022 to 2027, riding on the coattails of a compound annual growth rate (CAGR) of 8.44% during the forecast period. These numbers have been driven by a surge in

November 6, 2023

Business

Singapore, Indonesia Advocate Palm Oil As Aviation Fuel Pioneered By Biafran Scientists 56 Years Ago

Singapore and Indonesia are currently pushing for the use of palm oil as feedstock for the production of sustainable aviation fuel (SAF), a feat believed to have been pioneered 56 years ago by Professor Felix Oragwu

November 6, 2023

Saudi Arabia, Russia Extend Oil Production Cuts Till End Of 2023, Pledge to Review

Business·News·Oil & Gas·World News

Saudi Arabia, Russia Extend Oil Production Cuts By 2 Months

In a joint effort to maintain global oil market stability, Saudi Arabia and Russia have announced their commitment to continue voluntary production cuts through December 2023. Saudi Arabia will reduce its output by 1 million barrels per day (b/d), maintaining a production

November 6, 2023

Business

Naira To Strengthen Further As Dangote Industries Repatriates $688m From African Operations

Dangote Industries Limited (DIL) on Sunday announced its repatriation of over $687.98 million, including $576 million through Nigerian banks and a $111.97 million cash swap with Ethiopian Airlines.

November 6, 2023

Business·News

Ekiti, Osun, Lagos Top ICAN’s Accountability Audit Compliance Index

In an evaluation of Nigeria’s states’ compliance with audit rules, Ekiti, Osun, and Lagos have emerged as the frontrunners, securing an “Excellent” rating in the Institute of Chartered Accountants of Nigeria (ICAN) Accountability Index for October 2023. The assessment, aimed at ensuring

November 6, 2023

Why No Plan To Withdraw Dormant Refining Licences – Nigerian Govt

Business·News·Oil & Gas

Nigerian Govt To Hold NNPC Accountable For Refinery Rehabilitation By 2024- Lokpobiri

Nigeria’s Minister of State for Petroleum Resources, Heineken Lokpobiri, has voiced the Federal government’s commitment to holding the Nigerian National Petroleum Company Limited (NNPC) accountable for the rehabilitation of the nation’s refineries, as scheduled, by the end of 2024. Lokpobiri delivered this

November 6, 2023

Diesel Price Drop Will Bring Down Nigeria’s inflation Rate – Dangote

Africa·Business·Finance & Economy·News

Dangote Repatriates Over $576 Million From African Operations, Affirms Commitment

Dangote Industries Limited (DIL) has declared that it has repatriated a sum of over $576 million through Nigerian banks, further solidifying its commitment to Nigeria and its pan-African expansion. The company also revealed a cash swap arrangement of $111.97 million between Dangote

November 6, 2023

Zenith Bank’s Gross Earnings Rises By 125% In 2023

Business·News

Zenith Bank Tech Fair To Showcase Innovation, Collaboration At Future Forward 3.0

Zenith Bank is set to host the third edition of its annual tech event, "Future Forward 3.0."

November 5, 2023

CBN Reforms Yielding Positive Returns As FX Transactions Surge To $800m, CBN Gov Assert

Business·News

Cardoso States His Focus As Sanusi Reminds Him Of CBN’s Massive Impact On Nigerians

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, at the weekend reiterated that the apex bank under his leadership, would concentrate mainly on the core mandate of price stability by curtailing inflation. Prime Business Africa reports that since

November 5, 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 386

ALEX Leads NGX Gainers’ List, Guinea Insurance Among Losers

Court Orders EFCC To Produce Emefiele On November 8 Amidst Discrepancy

Global Pharmaceutical Packaging Market To Surge By $48.88 Billion By 2027- Report

Singapore, Indonesia Advocate Palm Oil As Aviation Fuel Pioneered By Biafran Scientists 56 Years Ago

Saudi Arabia, Russia Extend Oil Production Cuts By 2 Months

Naira To Strengthen Further As Dangote Industries Repatriates $688m From African Operations

Ekiti, Osun, Lagos Top ICAN’s Accountability Audit Compliance Index

Nigerian Govt To Hold NNPC Accountable For Refinery Rehabilitation By 2024- Lokpobiri

Dangote Repatriates Over $576 Million From African Operations, Affirms Commitment

Zenith Bank Tech Fair To Showcase Innovation, Collaboration At Future Forward 3.0

Cardoso States His Focus As Sanusi Reminds Him Of CBN’s Massive Impact On Nigerians

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ALEX Leads NGX Gainers’ List, Guinea Insurance Among Losers

Dollar Rate Drops In Black Market, Stable In Official Window

Best-Performing Cement Companies In Nigeria — By Revenue Growth

Dangote Cement Posts Strong Profit Growth Despite Flat Volumes

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

Dollar Trades Flat In Black Market, Appreciates In Official Window

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

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

ALEX Leads NGX Gainers’ List, Guinea Insurance Among Losers

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