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Business - Page 441

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

CBN Reveals JP Morgan’s Intention After Report On Nigeria’s Foreign Reserves

The Central Bank of Nigeria (CBN) Director of Monetary Policy Department, Hassan Mahmud, said the report by JP Morgan on Nigeria’s foreign reserves is an attempt to mislead the public. Mahmud stated that JP Morgan’s intention could also be to rouse market

August 25, 2023

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

Business·Markets

FTN Cocoa, Redstar Express, Others Drag Stock Market Cap Down By N49.80bn

Over N49.80 billion was lost to selloffs in FTN Cocoa, Redstar Express and others on the losers’ list, dragging the stock market capitalisation down to N35.79 trillion on Thursday, from N35.84 trillion. The All-Share Index also closed down, dropping 90.99 basis points, to

August 24, 2023

Tinubu’s CBN Special Investigator: The Rise, Fall And Rise Of Jim Obazee

Business·Opinion

CBN And The Exchange Rate Challenge

The importance of exchange rate as a major macro-economic variable cannot be overemphasized. Exchange rate is the price of one currency in terms of another, and which helps to determine a nation’s economic health and well-being of citizens. Countries earn foreign exchange

August 24, 2023

Business

Nigeria’s Unemployment Falls To 4.1% In Q1 2023, More Male Unemployed

The National Bureau of Statistics (NBS) has disclosed that Nigeria’s unemployment rate dropped in the first quarter of 2023, which falls between January to March. In a report titled; “NIGERIA LABOUR FORCE SURVEY 4TH QUARTER 2022 & 1ST QUARTER 2023,” the NBS

August 24, 2023

AMA News·Business

SAP GROW launched to accelerate small & medium businesses’ cloud adoption across South Africa

JOHANNESBURG, South Africa, 23 August 2023 -/African Media Agency(AMA)/- SAP Africa announced the South African launch of GROW with SAP, a new offering to help midsize customers adopt cloud ERP that enables speed, predictability and continuous innovation. GROW with SAP customers get the same best

August 24, 2023

Business·Currency·Insights

2years Of BDC Ban: Dollar Hoarders Made Whopping 80% Gain From Emefiele’s Infamous Decision

Six days ago, the Central Bank of Nigeria (CBN) lifted the restriction placed on sales of foreign exchange to the Bureau De Change operators by the apex Bank’s suspended chief, Godwin Emefiele. Since his suspension, the CBN’s acting governor, Fola Shonubi, has

August 24, 2023

AMA News·Business

1st Regional Popularization Workshop of the New AU Policies on the Prevention of Trafficking in Persons (TIP) and Smuggling of Migrants (SOM) in Africa

ADDIS-ABEBA, Éthiopie, 24 August 2023 -/African Media Agency (AMA)/-The African Union Commission Department of Health, Humanitarian Affairs and Social Development held the 1st Regional Popularization Workshop of the new AU Policies on the Prevention of Trafficking in Persons (TIP) and Prevention of

August 24, 2023

Business·Currency

Black Market, Official Window Dollar Rates’ Gap Widens To N127 After BDCs Hike USD Price

Foreign exchange traders recorded a slight increase in the price of the United States Dollar (USD) in the official market on Wednesday, as the rate rose to N773.42/$1 from N770.72/$1 rate. However, that was not the only rate offered in the official

August 24, 2023

Business

Ikeja Hotel Puts 40% Of Company Up For Sale Amid Declining Revenue

Ikeja Hotel has informed the capital market that the company will place 1.13 billion shares on sale to raise funds, a corporate document sent to the Nigerian Exchange Limited (NGX) has revealed. The shares, estimated at a value of over N3.54 billion based

August 24, 2023

Federal High Court Adjourns First Bank Shareholders' Suit To Sep 5

Business

Federal High Court Adjourns First Bank Shareholders’ Suit Hearing To September 5

The Federal High Court Sitting in Lagos has announced a new adjournment date of September 5 for the pending applications in the ongoing suit filed by shareholders of First Bank against First Bank of Nigeria Holdings, effectively postponing the holding of its

August 24, 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 441

Dollar Rate Drops By N10 In Black Market

CBN Reveals JP Morgan’s Intention After Report On Nigeria’s Foreign Reserves

FTN Cocoa, Redstar Express, Others Drag Stock Market Cap Down By N49.80bn

CBN And The Exchange Rate Challenge

Nigeria’s Unemployment Falls To 4.1% In Q1 2023, More Male Unemployed

SAP GROW launched to accelerate small & medium businesses’ cloud adoption across South Africa

2years Of BDC Ban: Dollar Hoarders Made Whopping 80% Gain From Emefiele’s Infamous Decision

1st Regional Popularization Workshop of the New AU Policies on the Prevention of Trafficking in Persons (TIP) and Smuggling of Migrants (SOM) in Africa

Black Market, Official Window Dollar Rates’ Gap Widens To N127 After BDCs Hike USD Price

Ikeja Hotel Puts 40% Of Company Up For Sale Amid Declining Revenue

Federal High Court Adjourns First Bank Shareholders’ Suit Hearing To September 5

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