Business - Page 427

Network Security: NCC Tasks Telcos On Consumer Safety

The Nigerian Communications Commission (NCC) has directed Mobile Network Operators (MNOs) and Internet Service Providers (ISP) in the country to comply with regulatory frameworks emplaced by the Commission towards ensuring security and

PBA Reporter

June 15, 2023

Business·Sports·Uncategorized

Barcelona Opens 12th Store To Sell Club’s Merchandise

As plans are underway for preparations ahead of the 2023/2024 La Liga season which begins on 11 August, Barcelona on Thursday, 15 June 2023 opened its 12th self-managed store

Izuchukwu Okosi

June 15, 2023

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Business·Markets

Stock Market Investors Lose N430.10bn To Selloffs In Sunu, Cornerstone, Others

Over N430.10 billion was lost in the Nigerian stock market on Thursday, as the equity capitalisation fell from N32.66 trillion to N32.23 trillion. Also, the All-Share Index dropped to 59,195.21 ASI, losing 789.89 basis points from

Fakoyejo Olalekan

June 15, 2023

Fuel, Bread, Others Push Nigeria's Inflation Rate To 22.41%, NBS CPI Report Shows

Business

Nigeria’s Inflation Jumps To 22.41% On Fuel Price, Others

The National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation rate climbed to N22.41% in May 2023, up from 22.22% in April. Similarly, the Urban inflation rate soared to 23.74% last

Fakoyejo Olalekan

June 15, 2023

Business·Insights

Nigeria’s Debt To Hit N90 trillion, Corporate Tax Revenue To Drop, 10 Major Implications Of Naira Devaluation

The Fiscal Policy Partner and Africa Tax Leader at PwC, Taiwo Oyedele, said the Naira exchange rates unification by the Central Bank of Nigeria (CBN) will result in positive and negative implications.

Fakoyejo Olalekan

June 15, 2023

Business·Tech News

TikTok Reaps Huge In One-year-old e-Commerce Business Venture

TikTok’s new online shopping business venture is paying off, as its e-commerce affiliate has gained substantial market share in Southeast Asia just a year after its launch, according to a report quoted

Ifeanyi Ibeand

Admin

June 15, 2023

Breaking: CBN Raises Interest Rate To 18.75%

Business·Currency

CBN To End RT200 FX, Naira4Dollar Schemes After Black Market And Official Rates’ Gap Fall By N192

The RT200 FX Programme and the Naira4Dollar scheme will be phased out by the Central Bank of Nigeria (CBN) following the apex bank’s decision to unify the multiple exchange rates. According to

Fakoyejo Olalekan

June 15, 2023

Naira Records Three-month High Of N1,536 Per Dollar At Official Market

Business·Currency

Black Market And Official Dollar Rates’ Gap Drop By 66% To N96

On Wednesday, foreign exchange investors and exporters in the official and black markets saw the gap between both markets’ dollar rates shrink by 66.6%. This represents a reduction of N192.37, as the

Fakoyejo Olalekan

June 15, 2023

Business·Finance & Economy·News

Naira Float: 40% Of Nigerian Banks May Raise New Equity Capital

Indications are rife that, given the Central Bank of Nigeria’s decision to float the Naira, many Nigerian banks will soon raise new equity capital to shore up their capital base, while those

Editor

June 14, 2023

Business·Tech News

Nigeria’s Telecom Access Gaps Drop by 53%

The number of identified areas of clusters across Nigeria without access to the telecommunications services has been reduced by 53.1 per cent as at the end of 2022. The Executive Vice Chairman

Editor

June 14, 2023

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Business - Page 427

Network Security: NCC Tasks Telcos On Consumer Safety

Barcelona Opens 12th Store To Sell Club’s Merchandise

Stock Market Investors Lose N430.10bn To Selloffs In Sunu, Cornerstone, Others

Nigeria’s Inflation Jumps To 22.41% On Fuel Price, Others

Nigeria’s Debt To Hit N90 trillion, Corporate Tax Revenue To Drop, 10 Major Implications Of Naira Devaluation

TikTok Reaps Huge In One-year-old e-Commerce Business Venture

CBN To End RT200 FX, Naira4Dollar Schemes After Black Market And Official Rates’ Gap Fall By N192

Black Market And Official Dollar Rates’ Gap Drop By 66% To N96

Naira Float: 40% Of Nigerian Banks May Raise New Equity Capital

Nigeria’s Telecom Access Gaps Drop by 53%

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