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Business - Page 438

Dollar Rate Drops By N10 In Black Market

Over N10 was removed from the foreign exchange rate for the United States dollar (USD) in the black market on Wednesday, December 24. According to Naira Rates, the price for a dollar had depreciated to N1,467.99 kobo per $1, from the N1,477.99

December 24, 2025

Business

Dangote Sugar Reveals Allotted Shares Proposed For Merger With NASCON, Rice Producer

The companies owned by Aliko Dangote, NASCON Allied Industries, Dangote Sugar, and Dangote Rice Limited (DRL) have agreed to go ahead with the merger of the three companies. This was disclosed by Dangote Sugar in a statement sent to its shareholders and

August 31, 2023

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

Business·Markets

Investors In Stock Market Lost N27.80bn, As Equity Cap Record Steep Drop

Over N27.80 billion was lost in the Nigerian stock market on Wednesday as Ikeja Hotel, Transcorp Plc and some other equities suffered a decline in their share value. The loss dragged the stock market capitalisation down by 0.07 per cent to N36.36

August 30, 2023

NNPCL Denies Inflating Fuel Subsidy Payments

Business·Oil & Gas

Nigeria Records 164 Crude Oil Theft Incidents In One Week

The Nigerian National Petroleum Company (NNPC) Limited revealed that between 19 to 25 August 2023, about 164 crude oil theft incidents were recorded amid declining oil output. Of the total crude oil theft, 49 cases of unauthorised refineries were discovered, 41 illegal

August 30, 2023

AMA News·Business·Technology

WATISE 2023: Respite for Consumers As NCC, ALTON and Others Meet To Tackle Critical Telecoms Infrastructure Issues

Respite beckons for telecoms consumers in West Africa over poor network issues as critical stakeholders in the industry converge in Lagos, Southwest Nigeria at the maiden edition of the West Africa Telecoms Infrastructure Summit and Exhibition (WATISE) designed to tackle the challenges

August 30, 2023

AMA News·Business

Official Africa Tech Roadshow 2023 Announces Stellar line-up of Continental Technology Events this November, Featuring Events in Zambia, Rwanda & South Africa.

CAPE TOWN, South Africa, 30 August 2023 /African Media Agency (AMA)/- The Official Africa Tech Roadshow is thrilled to unveil the line-up of prestigious industry conferences this year, showcasing the remarkable strides being taken to foster collaboration, innovation and conversation across the Pan-African

August 30, 2023

Business

Okonjo-Iweala Warns Of Higher Inflationary Pressures, Greater Price Volatility Over Bloc Trades

The Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, said countries not operating open trade could experience higher inflationary pressures. Okonjo-Iweala said nations adopting rival blocs will cause greater price volatility, diminished competitive pressures and result in weaker economic growth. “A

August 30, 2023

AMA News·Business

Bybit’s New Launchpad 3.0: Pioneering Transparent Cryptocurrency Launches

DUBAI, United Arab Emirate, 30 August 2023 -/African Media Agency(AMA)/- Bybit, the world’s third most visited crypto exchange, has unveiled a revamped launchpad where early investors can buy promising new projects at favorable prices. Bybit Launchpad 3.0 is a pioneering token launch platform that

August 30, 2023

AMA News·Business

World Bank Presents the Findings of the Youth Aspirations Survey and Gender Assessment in Lesotho

MASERU, Lesotho, 30 August 2023 -/African Media Agency(AMA)/-Many Basotho youth proactively seek training beyond formal education, and almost 65 percent of them aspire to become an entrepreneur instead of waiting for a wage job in the public sector. This reveals the high

August 30, 2023

Elumelu Confident In Naira Regaining Stability Amid CBN Leadership Change

Business·News

Elumelu, At NBA Conference, Decries Poor Utilisation Of Nigeria’s Gas Reserves

Chairman of the United Bank for Africa (UBA) and Founder of the Tony Elumelu Foundation (TEF), Mr Tony Elumelu, has decried Nigeria’s lack of capacity to power its thermal plants despite its huge gas reserves. Elumelu made this observation during his remarks

August 30, 2023

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business·Currency

Official Window, Black Market Dollar Rates Rise As Naira Depreciates

On Tuesday, the naira dropped in value by 0.41 per cent, as the exchange rate to the dollar settled at N775.34/$1 in the Investors’ and Exporters’ window of the official market. The day before, the exchange rate between both the United States

August 30, 2023

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Business - Page 438

Dollar Rate Drops By N10 In Black Market

Dangote Sugar Reveals Allotted Shares Proposed For Merger With NASCON, Rice Producer

Investors In Stock Market Lost N27.80bn, As Equity Cap Record Steep Drop

Nigeria Records 164 Crude Oil Theft Incidents In One Week

WATISE 2023: Respite for Consumers As NCC, ALTON and Others Meet To Tackle Critical Telecoms Infrastructure Issues

Official Africa Tech Roadshow 2023 Announces Stellar line-up of Continental Technology Events this November, Featuring Events in Zambia, Rwanda & South Africa.

Okonjo-Iweala Warns Of Higher Inflationary Pressures, Greater Price Volatility Over Bloc Trades

Bybit’s New Launchpad 3.0: Pioneering Transparent Cryptocurrency Launches

World Bank Presents the Findings of the Youth Aspirations Survey and Gender Assessment in Lesotho

Elumelu, At NBA Conference, Decries Poor Utilisation Of Nigeria’s Gas Reserves

Official Window, Black Market Dollar Rates Rise As Naira Depreciates

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