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Business - Page 389

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

First Transshipment Vessel Arrives Lekki Port

Business·News

Decongesting Nigerian Ports: What NPA, Customs Need To Move 7,500 Overtime Containers, Cargoes

It has emerged that it would cost the Nigerian Ports Authority (NPA) N3.6 billion to move more than 7, 500 overtime containers and other cargoes such as abandoned vehicles choking various seaports in the country. This is even as both the authority

November 3, 2023

Naira Falls To ₦1,530/$ At Official Market After Public Holiday

Business·Currency

Naira Hits N972 On Binance As US Dollar Continues To Weaken In Black Market

Naira held its ground in the black market, while the US dollar faced further weakening, with traders speculating on the Federal Reserves’ stance on interest rate hikes

November 3, 2023

Optiva Capital Partners Launches Diaspora Investor Direct Investment

Business·FEATURES

NECHI: Optiva Capital’s Edge Is Our Exclusive Partnerships With Reputable Global Institutions

Mr. Franklin Nechi is the Chairman of Optiva Capital Partners Limited, a leading Investment Immigration Wealth Management Company. In an interactive session with MARCEL MBAMALU and other journalists, he spoke about his firm’s commitment to support Nigerians get access to global investment

November 2, 2023

How Nigeria’s External Reserves Rose By 5.6% To $38.8bn In 2024 — CBN

Business

CBN Speaks On Current Cash Scarcity In Parts Of Nigeria

CBN has reacted to reports of cash scarcity in some locations, assuring that there is sufficient bank notes for economic activities.

November 2, 2023

Business·News

Disney Takes Over Hulu With $8.6bn, Targets Streaming Dominance

Walt Disney Company unveiled its acquisition of Comcast's remaining $8.6 billion stake in Hulu on November 1. This maneuver signifies Disney's firm commitment to bolster its presence in the competitive streaming landscape.

November 2, 2023

Business

PalmPay Agents Share Benefit Of Agency Bank, Encourage Others

Victor Ogunna and Damilola Taiwo, both thriving PalmPay agents, are encouraging fellow Nigerians to consider becoming agency bankers with the fintech company. They shed light on the benefits of choosing PalmPay as their partner in the agency banking business. Victor Ogunna, who

November 2, 2023

NDIC Announces N61.63bn Payout To Failed Banks' Stakeholders

Business·News

NDIC Refunds N1.2bn To Depositors Of 179 Defunct Microfinance Banks

The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan has announced a refund of over N1.2 billion to 34,000 depositors of 179 microfinance banks whose licenses were revoked by the Central Bank of Nigeria (CBN). At the 2023 Sensitisation

November 2, 2023

NGX: Investors Gain N313bn As ASI Rebound By 0.70%

Business·Markets

NGX Starts November Strong As ASI Breaks 70,000 With AIRTERLAFRI, FBNH Leading Gainers

Nigerian Stock Exchange (NGX) kicked off November with triumph, as the All-Share Index (ASI) shattered the 70,000 mark, culminating in a close at 70,581.76 points.

November 2, 2023

N10 Trillion Spent On Refineries, But They Refuse To Work, Says Taiwo Oyedele

Business·Oil & Gas

NUPRC Wades Into Reason For Delayed Take-off Of Dangote Refinery, 5 Others

Nigeria’s failure to make crude oil available to the multi-billion dollar Dangote Refinery has been identified as reason for the delayed production of refined petroleum products at the facility. This came to the fore as the 650,000 barrels per day Dangote Refinery

November 2, 2023

Business·News

Optiva Capital Committed To Supporting Nigerians Access Global Investment Opportunities – CEO

Optiva Capital Partners has reiterated its commitment to help High-Net-worth Individuals (HNIs) gain access to international investment possibilities in line with its mission to assist Nigerians in growing their wealth

November 1, 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 389

ALEX Leads NGX Gainers’ List, Guinea Insurance Among Losers

Decongesting Nigerian Ports: What NPA, Customs Need To Move 7,500 Overtime Containers, Cargoes

Naira Hits N972 On Binance As US Dollar Continues To Weaken In Black Market

NECHI: Optiva Capital’s Edge Is Our Exclusive Partnerships With Reputable Global Institutions

CBN Speaks On Current Cash Scarcity In Parts Of Nigeria

Disney Takes Over Hulu With $8.6bn, Targets Streaming Dominance

PalmPay Agents Share Benefit Of Agency Bank, Encourage Others

NDIC Refunds N1.2bn To Depositors Of 179 Defunct Microfinance Banks

NGX Starts November Strong As ASI Breaks 70,000 With AIRTERLAFRI, FBNH Leading Gainers

NUPRC Wades Into Reason For Delayed Take-off Of Dangote Refinery, 5 Others

Optiva Capital Committed To Supporting Nigerians Access Global Investment Opportunities – CEO

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Dangote–Farouk Saga: Why Damning Claims Brought Down Oil Sector Giants

Heirs Energies Agrees $750m Afreximbank Financing to Drive Long-Term Growth

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

SAFE IN NIGERIA: Boris Johnson’s Claim and the outrage

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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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