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Business - Page 445

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

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Naira Gains, As Dollar Rates Drop In Official Window, Black Market

The value of the United States Dollar depreciated by N19.19 kobo or 2.52 per cent on Thursday to N740.67/$1, from the preceding day’s N759.86/$1. This was according to the data obtained from the FMDQ Exchange, which also disclosed that the highest and

August 18, 2023

Business·Markets

Nigerian Bourse Falls By N141.70bn To Selloffs In Guinea, RT Briscoe, Others

At the end of trading on Thursday, Nigerian stock market capitalisation depreciated by N141.70 billion to N35.27 trillion, from the N35.36 trillion reported on Wednesday. The All-Share Index slumped to 64,448.96 ASI from the previous day’s 64,625.28 ASI, as it lost 176.32 basis points.

August 17, 2023

Business·Currency

Dollar Falls In Official Window, Black Market USD Rate Drops To N910

Investors and exporters saw the value of the United States Dollar (USD) drop to N759.86/$1 in the official market on Wednesday, as the naira appreciated by 1.92 per cent. The authorised dealers dropped the dollar rate by N14.91 kobo in the Investors’

August 17, 2023

AMA News·Business

Bybit’s World Series of Trading (WSOT) Soars to New Heights with Over 100,000 Users Signing Up

DUBAI, United Arab Emirates, 17 August 2023 -/African Media Agency(AMA)/- Bybit, the world’s third most visited crypto exchange, is thrilled to announce the successful start of its annual trading competition, the World Series of Trading (WSOT). The WSOT so far has shattered all expectations

August 17, 2023

Business

Neimeth CEO, Gerald Oputa, Resigns After Poor Financial Performance, N263.05m Loss

Following a poor financial performance during his tenure, the Acting Managing Director and Chief Executive Officer of Neimeth International Pharmaceuticals, Gerald Oputa, has resigned. Oputa was promoted from his previous position of Executive Director, Sales & Marketing, to acting MD/CEO in March

August 17, 2023

Business

Orjiako In More Trouble, As Access Bank Goes After Neimeth Asset

Neimeth International has disclosed that Access Bank has served the company with a notice warning against dealing with investor and chairman of the drug firm, A.B.C Orjiako. The pharmaceutical company said it received a bankruptcy action instituted by Access Bank Plc. against

August 17, 2023

Business

TETFund May Suspend Foreign Scholarships Due To Funding Constraints

The Tertiary Education Trust Fund (TETFund) is facing a challenging situation that might lead to the suspension of its foreign scholarship program for academic staff. The fund has encountered difficulties in meeting the financial obligations of foreign tuition fees and stipends, prompting

August 17, 2023

Business

MTN Nigeria To Raise N100bn Through Unsecured Commercial Paper

Telecommunications company, MTN Nigeria, has disclosed its intention to raise N100 billion through an unsecured promissory note, commercial paper. In a corporate document released to the capital market authority, Nigerian Exchange Limited (NGX), on Wednesday, MTN Nigeria proposed issuance of up to

August 17, 2023

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

Business·Markets

Eterna Tops Gainers, NEM Leads Losers After Stock Market Activities

On Wednesday, the stock market capitalisation in Nigeria settled at N35.36 trillion, with the All-Share Index closing trading at 64,625.28 ASI. At the end of trading on Wednesday, investors traded 291.71 million shares, worth N7.43 billion, in 6,213 deals, contrasting with the N4.64

August 16, 2023

Business

FBNHoldings Shareholders Get 43% Raise In Dividend Payout, Femi Otedola, Ariyi As New Directors

FBN Holdings Plc, the parent company of Nigeria’s premier financial inclusion services provider, FirstBank, at its 11th Annual General Meeting (AGM) on Tuesday, August 15, 2023, announced the appointment of Femi Otedola and Oyewale Ariyibi into the board as Non-Executive and Executive

August 16, 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 445

Dollar Rate Drops By N10 In Black Market

Naira Gains, As Dollar Rates Drop In Official Window, Black Market

Nigerian Bourse Falls By N141.70bn To Selloffs In Guinea, RT Briscoe, Others

Dollar Falls In Official Window, Black Market USD Rate Drops To N910

Bybit’s World Series of Trading (WSOT) Soars to New Heights with Over 100,000 Users Signing Up

Neimeth CEO, Gerald Oputa, Resigns After Poor Financial Performance, N263.05m Loss

Orjiako In More Trouble, As Access Bank Goes After Neimeth Asset

TETFund May Suspend Foreign Scholarships Due To Funding Constraints

MTN Nigeria To Raise N100bn Through Unsecured Commercial Paper

Eterna Tops Gainers, NEM Leads Losers After Stock Market Activities

FBNHoldings Shareholders Get 43% Raise In Dividend Payout, Femi Otedola, Ariyi As New Directors

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