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Business - Page 458

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

Business·News

NCC Alerts To Fraudulent LinkedIn Account Impersonating EVC Danbatta

The Nigerian Communications Commission (NCC) on Friday drew public attention to a fraudulent LinkedIn Account, which it said was impersonating the person and office of the Executive Vice Chairman (EVC), Prof. Umar Garba Danbatta. According to a statement signed by NCC Director

July 28, 2023

Business

N8,000 Is Significant Amount For Nigeria’s Poor Households, World Bank Defends Tinubu

The World Bank has backed the N8,000 monthly intervention fund President Bola Tinubu initially proposed as a palliative to cushion the hardship caused by the removal of subsidy on Premium Motor Spirit (PMS). Prime Business Africa previously reported that President Tinubu said

July 28, 2023

Business

NCC Threatens Sanction Against Sellers Of Unapproved Phones, Laptops

Cellphone sellers have been warned by the Nigerian Communications Commission (NCC) that they could face arrest if caught selling non-type approved devices to customers. According to the Deputy Director of the Consumer Affairs Bureau (CAB) of the NCC, Emilia Nwokolo, there’s a

July 28, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Authorised Dealers Increase Dollar Rate In I&E Window, Black Market’s USD Now N859

On Thursday, traders in the Investors’ and Exporters’ window recorded an increase of N28.52 kobo in the cost of the United States Dollar (USD). Although the authorised dealers demanded between N869/$1 and N730/$1, the American Greenback closed trading at N768.60/$1. This showed

July 28, 2023

Business

Dangote Refinery Hires 11,000 Indian Workers

The Sub-Saharan African Skills and Apprenticeship Stakeholders Network has stated that Dangote Refinery hired 11,000 trained workers from India over young people from Nigeria and other African countries due to a perceived lack of necessary abilities among Nigerian youths. The Network aims

July 28, 2023

$471 million Lost To Nigeria’s Naira Devaluation – Airtel Africa Reveals

Business

Airtel Africa Loses $471 million To CBN’s Naira Devaluation

Airtel Africa has disclosed that the company suffered a foreign exchange loss of $471 million in the second quarter (Q2) of 2023. Despite the loss, the chief executive officer of Airtel Africa, Olusegun Ogunsanya, welcomed the naira devaluation by the Central Bank

July 28, 2023

Business·News·Sports

Football Transfer News: AC Milan Signs Chukwueze On Five-year Deal Worth €28m

Super Eagles forward Samuel Chukwueze has been unveiled as an AC Milan player after agreeing to a five-year contract until 30 June 2028 reports Prime Business Africa

July 27, 2023

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

Business·Markets

Nigerian Bourse Closes Down, Loses N111.14bn After Trading Hours

The stock market capitalisation dropped to N35.63 trillion on Thursday, after losing N111.14 billion from the N35.74 trillion valuation reported on Wednesday. This followed the 204.25 basis points lost by the All-Share Index, which dropped from 65,687.16 ASI to 65,482.91 ASI. Also,

July 27, 2023

Business

Meet The Dominant Shareholders Controlling 23% of First Bank

In recent times, the matter of ownership concerning First Bank of Nigeria has dominated discussions in the financial sector, particularly fuelled by a controversial massive share acquisition made by a former chairman. Established 129 years ago, the bank has grown to become

July 27, 2023

AMA News·Business

Stears Announced as Lead Sponsor of AFSIC – Investing in Africa 2023

Empowering Africa-Focused Investments with Data-Driven Insights LONDON, England, 27 July 2022, /African Media Agency/- Stears, one of the world’s leading providers of African data and insights, has been announced as the Lead Sponsor of AFSIC – Investing in Africa 2023. AFSIC 2023, Africa’s Investment

July 27, 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 458

NCC Alerts To Fraudulent LinkedIn Account Impersonating EVC Danbatta

N8,000 Is Significant Amount For Nigeria’s Poor Households, World Bank Defends Tinubu

NCC Threatens Sanction Against Sellers Of Unapproved Phones, Laptops

Authorised Dealers Increase Dollar Rate In I&E Window, Black Market’s USD Now N859

Dangote Refinery Hires 11,000 Indian Workers

Airtel Africa Loses $471 million To CBN’s Naira Devaluation

Football Transfer News: AC Milan Signs Chukwueze On Five-year Deal Worth €28m

Nigerian Bourse Closes Down, Loses N111.14bn After Trading Hours

Meet The Dominant Shareholders Controlling 23% of First Bank

Stears Announced as Lead Sponsor of AFSIC – Investing in Africa 2023

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