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Business - Page 424

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

Nigeria's Stock Market Rises As Investors Target Undervalued Shares

Business·Finance & Economy·News

Nigeria’s Capital Market Records N263.8bn Equity Cap Surge As Investors Dive In

Nigeria’s capital market on Tuesday witnessed a modest yet noteworthy increase in equity capitalization marking a 0.71 percent gain. This may appear relatively small on paper, but signifies a substantial N263.8 billion surge in the market’s total valuation, which closed at N37.41

September 19, 2023

Business·News·Real Estate·World News

Firm Capital Mortgage Investment Corporation Releases Investment Portfolio Update, Corporate Position

In a press release issued today, the Firm Capital Mortgage Investment Corporation (TSX: FC, FC.DB.G, FC.DB.H, FC.DB.I, FC.DB.J, FC.DB.K, FC.DB.L) has provided shareholders with a comprehensive update on its Investment Portfolio, corporate balance sheet position, and trading metrics. Investment Portfolio Highlights Firm

September 19, 2023

Business·Currency·News·World News

Forex: US Equities Waver Before Fed, S&P 500 Falls Below $4,450

The US equity market experienced a delicate dance as it cautiously retraced its steps into familiar territory, settling into recent trading ranges. All eyes are firmly fixed on the Federal Reserve (Fed) this week as investors prepare for the latest interest rate

September 19, 2023

Business·Finance & Economy·News·World News

US Promises Support For Nigeria’s Economic Growth

Adewale “Wally” Adeyemo, the United States Deputy Treasury Secretary, delivered a compelling message of support to Nigeria on Monday, emphasizing the Biden administration’s dedication to aiding Africa’s largest economy in safeguarding foreign investments and fostering robust economic opportunities. Addressing a gathering at

September 19, 2023

Business·News·Technology

CJN Applauds NCC For Bridging Legal Divide In Digital Age

Chief Justice of Nigeria (CJN) Hon. Justice Olukayode Ariwoola has applauded the Nigerian Communications Commission (NCC) for its dedicated efforts in advancing awareness and knowledge of Information Communications Technologies (ICT) within the judiciary and the Nigerian public. Speaking at the opening of

September 19, 2023

Business·News·Oil & Gas·World News

Nigeria More Ready For Business Than Ever – Tinubu Declares

President Bola Tinubu welcomed a high-level delegation from ExxonMobil, the global oil and gas giant, to New York on Monday, where he boldly asserted that Nigeria is no longer contented with meager investments from the world’s leading energy companies. He declared that

September 19, 2023

Dangote Refinery: Fueling Nigeria's Economic Resurgence or Monopoly Menace?

Business·News·Oil & Gas

Dangote: Refined Oil To Be Sold In Dollars As Operation Begins October

Dangote Refinery will finally begin operations in October 2023, says the Group Executive Director, Devakumar Edwin.

September 19, 2023

Business·News

Nigeria’s Social Commerce Sector To Hit $5.04bn By 2028 – Report

“Nigeria Social Commerce Market Intelligence and Future Growth Dynamics Databook – Q2 2023 Update” report has unveiled a dynamic trajectory for Nigeria’s social commerce industry. Bucking expectations, the sector is poised for an astonishing annual growth rate of 43.3%, projected to catapult the industry to

September 19, 2023

Business·Finance & Economy·News

NESG Advocates Private Sector-led Financing For Sustainability

As Nigerian Economic Summit (NES) 29 nears, the Nigerian Economic Summit Group (NESG) has advocated shifting from government-led funding to a private sector-driven economy for sustainability. Dr. Olusegun Omisakin, Director of Research at NESG, gave a hint of this innovative approach in

September 19, 2023

I Never Said I’ll Be Vice President To Anyone – Obi

Business·Finance & Economy·News·World News

Peter Obi Urges Commonwealth To Empower Small Businesses

Presidential candidate of the Labour Party, Mr Peter Obi has called on the Commonwealth nations to prioritize the empowerment of small businesses, emphasizing that the move would pave the way for sustainable development across countries. He made the made call while addressing leaders

September 19, 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 424

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

Nigeria’s Capital Market Records N263.8bn Equity Cap Surge As Investors Dive In

Firm Capital Mortgage Investment Corporation Releases Investment Portfolio Update, Corporate Position

Forex: US Equities Waver Before Fed, S&P 500 Falls Below $4,450

US Promises Support For Nigeria’s Economic Growth

CJN Applauds NCC For Bridging Legal Divide In Digital Age

Nigeria More Ready For Business Than Ever – Tinubu Declares

Dangote: Refined Oil To Be Sold In Dollars As Operation Begins October

NESG Advocates Private Sector-led Financing For Sustainability

Peter Obi Urges Commonwealth To Empower Small Businesses

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

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