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Business - Page 450

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·Markets

Shareholders Of Dangote Cement, Others Lose N621.60bn In Stock Trading

Report from the Nigerian stock market showed that shareholders in Dangote Cement and others on the losers list on Wednesday lost N621.60 billion to selloffs. The loss reduced the valuation of the Nigerian bourse by 1.74 per cent to N34.91 trillion market

August 9, 2023

Business

GSK Exit: LCCI Decries Challenging Business Environment In Nigeria

Lagos Chamber of Commerce (LCCI) has called on the Nigerian government to undertake a comprehensive review of the business environment in the country with a view to addressing core issues stifling competitive growth. Director-General of the chamber, Dr Chinyere Almona, made the

August 9, 2023

Business·News·Sports

Football Transfer News: West Ham United Agree Triple Deals For Maguire, Ward- Prowse, Alvarez

West Ham United have agreement in principle with Manchester United to sign defender Harry Maguire in deal worth £30m. Personal terms are now not expected to be a problem

August 9, 2023

World Bank Stops Loan Disbursement To Uganda Over Anti-Homosexuality Law

Africa·Business

World Bank Stops Loan Disbursement To Uganda Over Anti-Homos3xuality Law

World Bank has halted loan discussion and disbursement to Uganda’s government due to the East African country’s Anti-Homos3xuality Act 2023. In May, Uganda’s President Yoweri Museveni signed a bill criminalising homosexuality or same-sex conduct in the country. Anti-Homos3xuality Act 2023 signed by

August 9, 2023

Business

Banks Adopt Plan To Repay MTN, Airtel, Others N120bn USSD Debt

Deposit Money Banks (DMBs) have adopted a repayment plan to resolve their faceoff with telecommunications firms over the use of the Unstructured Supplementary Service Data (USSD) service by the banks’ customers. The financial institutions are owing MTN Nigeria, Airtel, Globacom and other

August 9, 2023

Dangote Cement, Rand Merchant Bank Begin Commercial Paper Issuances On FMDQ Exchange

Business·Insights

Dangote, BUA, Lafarge Cement Losing Revenue To Rising Costs Of Raw Materials, Labour, Others

Nigerian Cement companies, Dangote, BUA and Lafarge Cement are losing their earnings to the rising cost of sales, Prime Business Africa analysis showed. In the first half (H1) of 2023, the cement industry saw the cost of sales rise by 16.03 per

August 9, 2023

Africa·Business

Shelter Afrique Roots For Green Buildings At Zambia Stakeholders Training

Pan African housing development financier, Shelter Afrique, has implored stakeholders in the built environment to put more emphasis on addressing climate change, describing it as “one of the most pressing challenges of our era.” Speaking at the Zambia EDGE Discovery Workshop –

August 9, 2023

Business·News·World News

China Slips Into Economic Deflation, First Time In 2 Years

China’s economy has fallen into deflation as consumer prices contracted for the first time in over two years, according to the National Bureau of Statistics on Wednesday. Consumer price index (CPI) fell 0.3 per cent year on year in July as opposed

August 9, 2023

Naira Appreciates To N869/$1 As Experts Debate Stability

Business·Currency

Black Market Dollar Rate Rises, Official USD Hits N757.51

The official market exchange rate between the dollar and the naira closed at N757.51/$1 on Tuesday, as the Nigerian currency appreciated by 2.22 per cent. This indicates the price for the United States currency dropped by N17.27 kobo at the end of

August 9, 2023

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.

Business·Oil & Gas

Seplat Energy Recommits To Safety, Environmental Sustainability

Seplat Energy Plc, a Nigerian independent energy company says its commitment to operational safety and environmental sustainability is a conscious one and remains unwavering. The Company achieved over 4.2 million hours without any Lost Time Injury (LTI) year-on-year on in its operated

August 8, 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 450

Dollar Rate Drops By N10 In Black Market

Shareholders Of Dangote Cement, Others Lose N621.60bn In Stock Trading

GSK Exit: LCCI Decries Challenging Business Environment In Nigeria

Football Transfer News: West Ham United Agree Triple Deals For Maguire, Ward- Prowse, Alvarez

World Bank Stops Loan Disbursement To Uganda Over Anti-Homos3xuality Law

Banks Adopt Plan To Repay MTN, Airtel, Others N120bn USSD Debt

Dangote, BUA, Lafarge Cement Losing Revenue To Rising Costs Of Raw Materials, Labour, Others

Shelter Afrique Roots For Green Buildings At Zambia Stakeholders Training

China Slips Into Economic Deflation, First Time In 2 Years

Black Market Dollar Rate Rises, Official USD Hits N757.51

Seplat Energy Recommits To Safety, Environmental Sustainability

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