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Business - Page 414

Naira Appreciates Against Dollar, Trades At N1,477 Per USD

The foreign exchange rate of the United States dollar (USD) increased to N1,477.99 kobo per $1 in the parallel market on Tuesday, December 23, from the N1,476.95 kobo per USD recorded on Monday, December 22. This represents a 0.07 percent decline in

December 23, 2025

Business·News

DMO Unveils Nigeria’s $2 Billion External Borrowing Plan Amid Market Uncertainty

In a revealing fireside chat at the 2023 Annual Business Summit of the Capital Market Solicitors Association (CMSA), the Director General of the Debt Management Office (DMO) in Nigeria, Ms. Patience Oniha, has disclosed the government’s plan to secure a budgetary approval

September 29, 2023

No One Is Above the Law- Lagos Govt Orders Closure Of Ladipo Mushin Markets

Business·News

Lagos Govt Orders Closure Of Ladipo, Mushin Markets Over Non-payment Of Waste Levies

The Lagos State Commissioner for Environment and Water Resources, Tokunbo Wahab, has issued a directive for the immediate closure of the iconic Ladipo and Mushin markets. This surprising decision came as a response to numerous environmental infractions plaguing the markets, ranging from

September 29, 2023

Business·News

EFCC Conducts Sensitization Campaign For Zamfara Gold Merchants

In a proactive effort to combat money laundering within the gold trade, the Sokoto Zonal Command of the Economic and Financial Crimes Commission (EFCC) has carried out a comprehensive sensitization exercise on the Zamfara Gold Buyers and Sellers Co-operative Union in Gusau,

September 29, 2023

Africa·Business·News

Proparco Celebrates 15 Years In Nigeria With $1 Billion Investment Milestone

Proparco, the French development finance institution, is celebrating 15 years of impactful operations in Nigeria, reaching a remarkable milestone of USD 1 billion in investments. The organization has strategically focused on collaborations with local and Pan-African financial institutions, investment funds, growth-stage companies,

September 29, 2023

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

Business·News·World News

US Dollar Surges To 10-Month High, Naira Plunges Amid Central Bank Crisis

In a financial tale of two currencies, the US dollar stood tall, reaching a 10-month zenith against a basket of major counterparts, while Nigeria’s naira plummeted to an all-time low on the black market. This stark contrast unfolded as investors dissected upbeat

September 29, 2023

Business·News

NOVA Merchant Bank’s Pediatric Surgery Initiative Saves 50 Underprivileged Children In Lagos

In a remarkable display of corporate social responsibility, NOVA Merchant Bank, a financial institution in Nigeria, has spearheaded a Pediatric Surgical Intervention program as part of its 2023 Environmental, Social, and Governance (ESG) initiatives, specifically under the UPLIFT initiative. This noble endeavor,

September 28, 2023

Business·News

Erisco Foods President Asserts Right To Pursue Legal Action Against Critic, Demands N5 Billion In Damages

The founder and President of Erisco Food Limited, Eris Umeofia, has defended his decision to call for the arrest of Chioma Egodi, a product reviewer, asserting that she aimed to undermine his business. Umeofia further disclosed his intention to pursue legal action

September 28, 2023

Business·News

Ministry Of Labour Denies Independent Day Minimum Wage Announcement Reports

Nigerian workers’ hopes for a new minimum wage announcement by President Bola Tinubu on October 1 have been dashed as the Ministry of Labour and Employment vehemently refuted such claims, calling them baseless and untrue. In a statement issued today by the

September 28, 2023

Business·Finance & Economy·News

Muda Yusuf Advises CBN, Other Authorities To Create Policies That Encourage Domestic Investments In Nigeria

Chief Executive Officer of the Centre For Promotion of Private Enterprise (CPPE), Dr Muda Yusuf, has called on the Central Bank of Nigeria (CBN) and other fiscal authorities in the country to make policies that would favour an increase in domestic investments

September 28, 2023

Business·News·World News

Evergrande’s Chairman Under Police Watch Amid Uncertain Future

Trading in shares of China Evergrande Group (3333.HK) was abruptly suspended today following reports of its chairman, Hui Ka Yan, being placed under police surveillance. The development has intensified concerns over the beleaguered developer’s future as liquidation risks loom large. Evergrande, grappling

September 28, 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 414

Naira Appreciates Against Dollar, Trades At N1,477 Per USD

DMO Unveils Nigeria’s $2 Billion External Borrowing Plan Amid Market Uncertainty

Lagos Govt Orders Closure Of Ladipo, Mushin Markets Over Non-payment Of Waste Levies

EFCC Conducts Sensitization Campaign For Zamfara Gold Merchants

Proparco Celebrates 15 Years In Nigeria With $1 Billion Investment Milestone

US Dollar Surges To 10-Month High, Naira Plunges Amid Central Bank Crisis

NOVA Merchant Bank’s Pediatric Surgery Initiative Saves 50 Underprivileged Children In Lagos

Erisco Foods President Asserts Right To Pursue Legal Action Against Critic, Demands N5 Billion In Damages

Ministry Of Labour Denies Independent Day Minimum Wage Announcement Reports

Muda Yusuf Advises CBN, Other Authorities To Create Policies That Encourage Domestic Investments In Nigeria

Evergrande’s Chairman Under Police Watch Amid Uncertain Future

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Naira Appreciates Against Dollar, Trades At N1,477 Per USD

Nigerian Stock Market Valuation Rises By N578.89bn To N97.77trn

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

Chief Arthur Mbanefo (1930-2025): A Life of Impact and Inspiration- By Kingsley Moghalu

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Business - Page 414

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