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Business - Page 446

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

Tinubu Sets Up Committee To Tackle Flood Crisis

Business

Tinubu To Sell Stakes In NNPC, 19 Other Gov’t Entities

President Bola Tinubu is considering selling a stake in the Nigerian National Petroleum Company (NNPC) Limited and 19 other national assets or entities. Tinubu is looking to raise capital from the sale of the stakes to finance his administration’s projects and reduce

August 16, 2023

Business

GSK Says Firm Not Halting Business In Nigeria, Regulatory Requirements To Delay Third-Party Transition

Amid reports that United Kingdom pharmaceutical manufacturer, Glaxo SmithKline (GSK), is leaving Nigeria, the company said it is only changing its business model in the country. Recall that Prime Business Africa reported that GSK Nigeria, the subsidiary of GSK UK, announced it

August 16, 2023

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business

Authorised Dealers Increase Price Of Dollars

The authorised dealers in the official market sold the United States Dollar (USD) at the rate of N774.77/$1 at the end of trading on Tuesday. According to data released by the FMDQ Exchange, the dollar rate increased by N30.36 kobo compared to

August 16, 2023

Niger Delta: Poverty Amidst Plenty – A Region In Desperate Need Of Transformation

Business·News·Top Stories

Video: 92 Rescued As Seplat Energy Rig ‘Majestic’ Sinks In N’Delta, One Dead, 3 Crew Personnel Still Missing

Seplat Energy Plc, on Tuesday night, announced a “serious incident” involving one of its oil rigs in Nigeria’s Niger Delta area. The unfortunate incident on the Depth wise swamp drilling rig “Majestic”, according to Chief Executive Officer, Roger Brown, occurred in the

August 16, 2023

A fueling station in Malawi has been suspended by the country’s energy regulating authority (MERA) for selling fuel in jerry cans to customers after warnings.

Africa·Business

Malawian Fuel Station Suspended For Selling In Jerry Cans

A fueling station in Malawi has been suspended by the country’s energy regulating authority (MERA) for selling fuel in jerry cans to customers after warnings. The fueling station which is located at MERU in the city of Blantyre was suspended for 30

August 15, 2023

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

Business·Markets

Nigerian Bourse Crashes, Stock Market Cap Loses N58.47bn

Nigerian Stock Exchange crashed on Tuesday by 0.16 per cent or N58.47 billion, after the bourse’s capitalisation depreciated to N35.35 trillion, from Monday’s N35.41 trillion. The All-Share Index fell from 65,036.37 ASI to 64,928.98 ASI, losing 107.39 basis points. About N4.64 billion was traded

August 15, 2023

Business·News·Sports

Transfer News:Neymar Completes Al-Hilal Move In Huge $400m Deal

Brazil and PSG forward Neymar Jr on Tuesday signed a lucrative contract to join Saudi Arabian Pro League side Al Hilal on a $300m package record salary in two years with no option to extend

August 15, 2023

Business·News·Sports

Transfer News: Arsenal Signs Raya On Season Long Loan

Arsenal on Tuesday announced the signing of Brentford goalkeeper David Raya on a season-long loan with an option to buy. Raya's move to the Emirates Stadium puts the Spain international in an intriguing contest with England's Aaron Ramsdale

August 15, 2023

Business

Kogi, Lagos Record Highest Rate, As Inflation Soar To 24.08% In July

Inflation rate in Nigeria soared to 24.08 per cent in July, the National Bureau of Statistics (NBS) has revealed in its Consumer Price Index (CPI) report. The NBS disclosed that inflation accelerated by 129 basis points from 22.79 per cent reported in

August 15, 2023

Business

FG Files 20 New Charges Against Godwin Emefiele

The Federal Government filed 20 new charges against the suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Tuesday. FG made the disclosure after withdrawing its illegal possession of firearms charge against Emefiele, which was challenged by the defendant’s

August 15, 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 446

Dollar Rate Drops By N10 In Black Market

Tinubu To Sell Stakes In NNPC, 19 Other Gov’t Entities

GSK Says Firm Not Halting Business In Nigeria, Regulatory Requirements To Delay Third-Party Transition

Authorised Dealers Increase Price Of Dollars

Video: 92 Rescued As Seplat Energy Rig ‘Majestic’ Sinks In N’Delta, One Dead, 3 Crew Personnel Still Missing

Malawian Fuel Station Suspended For Selling In Jerry Cans

Nigerian Bourse Crashes, Stock Market Cap Loses N58.47bn

Transfer News:Neymar Completes Al-Hilal Move In Huge $400m Deal

Transfer News: Arsenal Signs Raya On Season Long Loan

Kogi, Lagos Record Highest Rate, As Inflation Soar To 24.08% In July

FG Files 20 New Charges Against Godwin Emefiele

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