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Business - Page 457

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

NGX Records N63.83bn Share Trades Within Three Days

A total turnover of 2.87 billion shares, worth N63.83 billion, was traded in 80,229 deals by investors on the floor of the Nigerian Exchange (NGX) between Monday and Wednesday. The NGX, also known as the stock market, opened for three trading days

December 25, 2025

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Official Dollar Rate Drops To A Low Of N465, BDC USD Price Rises

In the Investors’ and Exporters’ window of the official market on Friday, the dollar was traded as low as N465/$1 and as high as N799.50/$1. However, the dollar depreciated by N7.16 kobo or 0.93 per cent at the end of trading, considering

July 31, 2023

Business

PenCom Defends DG, Dahir-Umar, Amid Millions Of Dollars In Estacode Allegation

The National Pension Commission (PenCom) has absolved its director general (DG), Aisha Dahir-Umar, of financial impropriety made against her. PenCom said its attention was drawn to some reports alleging that Dahir-Umar was paid millions of dollars during the COVID-19 lockdown in 2020

July 31, 2023

Business

Transcorp Records 31% Revenue Growth In H1 2023

Transnational Corporation Plc (Transcorp Group), Nigeria’s leading conglomerate with investments in Power, Hospitality and Energy sectors has announced its financial results for the first half of the year ended June 30, 2023, recording commendable growth across all its major indices. The Group

July 30, 2023

Business·Finance & Economy·News

Circular Economy: Lagos Seeks New Production Patterns For Sustainable Wealth

Governor Sanwo-Olu Says he aims to minimize waste and create sustainable production patterns Lagos State Government says it’s moving in the direction of an innovative and sustainable consumption model to prevent resource scarcity in the future. Governor Babajide Sanwo-Olu who unveiled the

July 30, 2023

Business·Insights

Here Are 10 Best Investment Banks In South Africa

South Africa is a major financial hub in Africa, and its investment banking sector is one of the most developed on the continent. The country’s top investment banks offer a wide range of services, including mergers and acquisitions, equity and debt capital

July 29, 2023

Business·FEATURES

Rising Cost Of Drugs Takes Toll On Nigerian Patients As FX Scarcity Hits Hard

Words of lamentation were all Mrs Ademola Aderemi, a mother of three and trader at Isolo market in Lagos, could afford as she stepped out of a pharmacy shop on a sunny Tuesday afternoon unable to buy some prescribed antibiotics. Many sick

July 29, 2023

Business·News·Sports

Football Transfer News: Chelsea Keen On £23.2m Deal For French Youngster Of Nigerian Descent, Ugochukwu

Chelsea are close to signing French youth international of Nigerian descent, Lesley Ugochukwu from Rennes for 27m euros (£23.2m).

July 29, 2023

Business·News

Nigerian Navy Says Deep Blue Assets Fully Deployed, Working

The Nigerian Navy says assets acquired by the Nigerian Maritime Administration and Safety Agency (NIMASA) under the Integrated National Security and Waterways Protection Infrastructure, otherwise known as the Deep Blue project, has been deployed across the South West, Central and Eastern Zonal

July 29, 2023

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

Business·Opinion

The World Bank’s Forked Tongue On N8000 And Nigerian Poverty

For years, the World Bank decried the “multidimensional poverty” afflicting a vast swath of the Nigerian population who live on “less than $2 a day”. National Bureau of Statistics figures and our standing as the world’s poverty capital bear this out. However,

July 29, 2023

Business·Markets

Guinness, Chams, Others Wipe Off N232.10bn From Nigeria’s Stock Market

The stock market slumped by 0.65 per cent on Friday, as the Nigerian bourse’s capitalisation closed at N35.40 trillion, the Nigerian Exchange Limited (NGX) disclosed in a report. According to the NGX, the depreciation was driven by Chams and Guinness, amongst others,

July 28, 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 457

Official Dollar Rate Drops To A Low Of N465, BDC USD Price Rises

PenCom Defends DG, Dahir-Umar, Amid Millions Of Dollars In Estacode Allegation

Transcorp Records 31% Revenue Growth In H1 2023

Circular Economy: Lagos Seeks New Production Patterns For Sustainable Wealth

Here Are 10 Best Investment Banks In South Africa

Rising Cost Of Drugs Takes Toll On Nigerian Patients As FX Scarcity Hits Hard

Football Transfer News: Chelsea Keen On £23.2m Deal For French Youngster Of Nigerian Descent, Ugochukwu

Nigerian Navy Says Deep Blue Assets Fully Deployed, Working

The World Bank’s Forked Tongue On N8000 And Nigerian Poverty

Guinness, Chams, Others Wipe Off N232.10bn From Nigeria’s Stock Market

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

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Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

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