Business - Page 432

Naira Ends Week With N59.71 Gain At Official Market

Black Market Increases Dollar, Pound, Euro Rates

Foreign exchange currencies in the black market – dollar, pound and euro – appreciated against the naira on Thursday, 9 June. Parallel market rate aggregator indicated that the average rate of the

Fakoyejo Olalekan

June 9, 2023

Business·News·Tech News

Telecom Sector Contributes N2.508 Trillion to Nigeria’s GDP

The telecommunications and Information Services sector in Nigeria has, in the first quarter 2023, delivered a handsome N2.508 trillion in terms of financial value contribution to the nation’s gross domestic product (GDP),

Editor

June 9, 2023

Business·News

Fuel Subsidy: Marketers Promise To Provide 100 Gas-powered Mass Transit Buses

As a way of supporting the Federal Government in surmounting the challenges posed by the removal of subsidy on petrol, the Depots and Petroleum Products Marketers Association of Nigeria (DAPPMAN), has promised

Victor Ezeja

June 8, 2023

How Loss Of Over $5 Trillion In U.S. Stock Exchange Affects Nigeria

Business·Markets

Investors Lose N37 billion Due To Low Demand For Caverton, Stanbic IBTC, Others

The total valuation of equities in the Nigerian stock market dipped N37 billion on Thursday, to depreciate from N30.50 trillion to N30.46 trillion. It followed the All-Share Index’s path, which shed 67.93 basis

Fakoyejo Olalekan

June 8, 2023

Buhari Expresses Grief Over Niger State Boat Tragedy

Business·Insights

Foreign Investors Reduce Stock Market Investments From 54% To 16% Under Buhari

Foreign investors significantly reduced their participation in the Nigerian stock market during Muhammadu Buhari’s tenure as President of Nigeria. According to stock market data analysed by Prime Business Africa, foreign investors dropped

Fakoyejo Olalekan

June 8, 2023

Business·Oil & Gas

Tinubu Tables Request After State Governors Back Fuel Subsidy Removal

The Nigerian Governors’ Forum (NGF) has thrown its weight behind the removal of fuel subsidy by President Bola Tinubu. According to the Chairman of the governors’ forum, AbdulRahman AbdulRazaq, Governor of Kwara

Fakoyejo Olalekan

June 8, 2023

Dangote Cement GMD Defends Company's Prices After Criticism

Business·Oil & Gas

NNPC Reveals Dangote Yet To Request Crude Oil Since Commissioning Refinery

The Nigerian National Petroleum Company (NNPC) Limited has revealed that Dangote Refinery is yet to receive crude as the company owned by Aliko Dangote hasn’t made any request. NNPC Limited spokesperson, Garba-Deen

Fakoyejo Olalekan

June 8, 2023

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Cost Of Dollar Up In Black Market, Euro Sold At Lower Rate

Foreign exchange traders in the black market were offered the dollar at an average rate of N754.5 kobo on Wednesday. Naira Rates, a black market rate aggregator, reported that the price of

Fakoyejo Olalekan

June 8, 2023

Business·Markets

Investors In Union Bank, Flour Mills, Others Lose N7.80bn In Stock Investments

About N7.80 billion was wiped off the Nigerian stock market on Wednesday, resulting in the equity capitalisation depreciating by -0.02 per cent. Consequently, the bourse’s capitalisation dropped to N30.50 trillion from N30.51

Fakoyejo Olalekan

June 7, 2023

Subsidy Removal: We Won’t Increase Transport Fare Despite Fuel Price Hike - Peace Mass

Business·News

Subsidy Removal: We Won’t Increase Transport Fares Despite Fuel Price Hike – Peace Mass

Peace Mass Transit has declared its intention not to increase transport fare for all routes it plies despite petrol price hike

Admin

June 7, 2023

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Business - Page 432

Black Market Increases Dollar, Pound, Euro Rates

Telecom Sector Contributes N2.508 Trillion to Nigeria’s GDP

Fuel Subsidy: Marketers Promise To Provide 100 Gas-powered Mass Transit Buses

Investors Lose N37 billion Due To Low Demand For Caverton, Stanbic IBTC, Others

Foreign Investors Reduce Stock Market Investments From 54% To 16% Under Buhari

Tinubu Tables Request After State Governors Back Fuel Subsidy Removal

NNPC Reveals Dangote Yet To Request Crude Oil Since Commissioning Refinery

Cost Of Dollar Up In Black Market, Euro Sold At Lower Rate

Investors In Union Bank, Flour Mills, Others Lose N7.80bn In Stock Investments

Subsidy Removal: We Won’t Increase Transport Fares Despite Fuel Price Hike – Peace Mass

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