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Business - Page 421

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

Petrol Price Rises By 230.78% As Nigerians Paid N626.70 In August

Business·News·Oil & Gas

Petrol Price Rises By 230.78% In 1 Year, Nigerians Paid N626.70 In August

The average retail price of a litre of Premium Motor Spirit (PMS) also known as petrol increased from N189.46 in August 2022 to N626.70 in August 2023, a report by the National Bureau of Statistics has revealed. This represents a 230.78 per

September 22, 2023

Business·News

NCAA Responds To Aviation Safety Concerns Amid Fuel Contamination

In response to the alarming discovery of contaminated fuel in Max Air’s main tank this July, the Nigerian Civil Aviation Authority (NCAA) has taken decisive action, suspending violators of its fueling regulations. This move comes after a public outcry raised serious concerns

September 22, 2023

Business·News·Opinion

UNGA: What Tony Elumelu Says About President Tinubu’s NASDAQ Bell Ringing-Video

In an exclusive interview during his trip with President Tinubu to the 78th United Nations General Assembly (UNGA) in New York, Tony Elumelu, the renowned Nigerian businessman and philanthropist, made a statement that reverberated through the business and political spheres. Elumelu who

September 22, 2023

Business·News

Wike Invalidates 165 FCT Land Plots, Peter Obi, Imoke, Others Affected

In a decisive move aimed at enforcing land development regulations and sparking renewed urban progress, Federal Capital Territory (FCT) Minister, Nyesom Wike, has approved the immediate revocation of 165 plots of land within the serviced districts of the Federal Capital City. The

September 22, 2023

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

Business·News

CBN Postpones 293rd MPC Meeting Amidst Leadership Transition Speculation

The Central Bank of Nigeria (CBN) has decided to postpone its eagerly awaited 293rd Monetary Policy Committee (MPC) meeting, originally slated for September 25 and 26, 2023. Dr. Isa AbdulMumin, Director of Corporate Communications at the CBN, broke the news on September

September 21, 2023

Africa·Business·News·Technology·World News

AfDB, Google Partners For Digital Revolution In Africa

The African Development Bank (AfDB) and Google have officially solidified their partnership, signifying a bold step towards accelerating digital transformation throughout the African continent. The two giants inked a Letter of Intent amidst the bustling backdrop of the Global Africa Business Initiative

September 21, 2023

Business·Finance & Economy·News

Sterling, Union, Fidelity, Others Lose N12.2bn To Electronic Fraud In 6 Months- Interswitch

The Nigerian banking industry is reeling from the staggering revelation that it lost a jaw-dropping N12.2 billion to electronic payment fraud in the first half of 2023, according to a report unveiled by Interswitch. This alarming figure underscores the persistent security challenges

September 21, 2023

Oando Denies Having Interests In Maltese Blending Plant

Business·News·Oil & Gas

OANDO Leads Top Losers As JOHNHOLT, OMATEK, Lead Gainers

In a market day marked by red numbers, the Nigerian Exchange (NGX) showcased its resilience as it closed in negative territory on Thursday. Despite equities declining further amid high trading volume, market players found glimmers of hope in the midst of the

September 21, 2023

Business·News

Rising Oil Cost: Nigerians Should Gird Their Loins For Fresh Fuel Price Hike – Dr Mbamalu

With the current hike in the cost of crude oil in the international market, Nigerians have been advised to prepare for a fresh increase in the cost of petroleum products across the country. The nation was four months ago, unsettled by sudden

September 21, 2023

Business·News·World News

Toshiba’s $13.5B Deal Marks End Of An Era Going Private

In a historic turn of events, Japanese industrial titan Toshiba has bid adieu to its decades-long run on the stock market after a $13.5 Billion deal, marking the end of an era for the iconic company. In an announcement made on Thursday, Toshiba

September 21, 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 421

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

Petrol Price Rises By 230.78% In 1 Year, Nigerians Paid N626.70 In August

NCAA Responds To Aviation Safety Concerns Amid Fuel Contamination

UNGA: What Tony Elumelu Says About President Tinubu’s NASDAQ Bell Ringing-Video

Wike Invalidates 165 FCT Land Plots, Peter Obi, Imoke, Others Affected

CBN Postpones 293rd MPC Meeting Amidst Leadership Transition Speculation

AfDB, Google Partners For Digital Revolution In Africa

Sterling, Union, Fidelity, Others Lose N12.2bn To Electronic Fraud In 6 Months- Interswitch

OANDO Leads Top Losers As JOHNHOLT, OMATEK, Lead Gainers

Rising Oil Cost: Nigerians Should Gird Their Loins For Fresh Fuel Price Hike – Dr Mbamalu

Toshiba’s $13.5B Deal Marks End Of An Era Going Private

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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

South Korea Indicts Former President Yoon Over Illegal Opinion Polls

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