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Business - Page 462

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

Coca-Cola, MTN Foundation, British Council, Microsoft, others and More Unveil As Partners for Africa Social Impact Summit 2023

Business·News

Coca-Cola, MTN Foundation, British Council, Others Unveiled As Partners For Africa Social Impact Summit 2023

Sterling One Foundation and the United Nations Nigeria, co-conveners of the Africa Social Impact Summit 2023, have officially unveiled partners for the second edition of the Africa Social Impact Summit. This was announced at a press conference held in Lagos, Nigeria. The

July 24, 2023

Business

Fidelity Bank Reclassified As Medium Price Stock

Following a bullish run in the stock market in recent months, the Nigerian Exchange Limited (NGX) on Friday announced the reclassification of Fidelity Bank Plc. from small price stock to medium price stock. A statement by the NGX said the reclassification became

July 22, 2023

Electricity Export: Togo, Niger, Benin Republic Owes Nigeria $18.29 Million

Business·News

Electricity Export: Togo, Niger, Benin Republic Owe Nigeria $18.29 Million

The Nigerian Electricity Regulatory Commission (NERC) reveals in its quarterly reports that it exported a total N23.5 billion ($50.9 million) of electricity, just as its international customers – Togo, Benin and Niger – failed to remit $18.29 million in 2022. The debt

July 22, 2023

Ex-NNPCL Boss Kyari Denies Being In EFCC’s Custody

Business·News

Subsidy: Kyari Should Account For Monies Spent On Refineries Over Years – Economist

A development Economist, Abayomi Oyalowo, has called for the probe of the Nigeria National Petroleum Company Limited (NNPCL) Group Chief Executive Officer (GCEO), Mele Kolo Kyari, over monies spent on Turn Around Maintenance (TAM) of the nation’s oil refineries over the years.

July 21, 2023

Business·Markets

Stock Market Nets N584bn, GTCO Top Gainers’ List, Academy Leads Losers

Nigerian stock market capitalisation appreciated on Friday to N35.39 trillion. The bourse’s valuation rose by N584.08 billion from N34.81 trillion reported on Thursday. The All-Share Index gained 1,072.67 basis points to settle at 65,003.39 ASI, above the previous day’s 63,930.72 ASI. About 770.79 million shares

July 21, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Official Dollar Rate Now N768, Black Market USD Rate Hits N859

The foreign exchange aggregator, FMDQ Exchange, disclosed that the official forex market closed trading with N768.16/$1 rate on Thursday, 21 July. A report released on Thursday showed the naira to dollar rate fell below the closing price of N793.70/$1 posted on the

July 21, 2023

External Reserves Fall To Two-Year Low, To Affect Tinubu’s N200/$1 Rate Ambition

Business·Insights

External Reserves Fall To Two-Year Low, To Affect Tinubu’s N200/$1 Rate Plan

The Central Bank of Nigeria (CBN) has reported that Nigeria’s foreign reserves dropped to $33.98 billion on Wednesday, 19 July. This is the lowest level since August 2021 when the external reserves climbed to $34.01 billion during President Muhammadu Buhari’s tenure. Recall that

July 21, 2023

Money Supply In Nigeria Rises By N600bn, Currency In Circulation Drops To N2.59trn

Business

House Of Reps To Probe CBN Over Handling Of Excess Crude Account Investments

The Central Bank of Nigeria (CBN) will be probed by the House of Representatives for its handling of the excess crude account and other investment vehicles. In their plenary session on Thursday, the lower chamber set up an ad-hoc committee to investigate

July 21, 2023

Business

FIRS Fails To Meet Oil Tax Revenue Projection, Records N3.76trn Non-oil Tax Income

The Federal Inland Revenue Service (FIRS) didn’t achieve its projection for tax revenue from the oil sector in the first half of 2023 but surpassed that of the non-oil sector. FIRS had projected N2.3 trillion in tax revenue from the oil sector

July 21, 2023

Business·News·Sports·Uncategorized

Football Transfer News: Man United Signs £47.2m Onana From Inter Milan

Manchester United on Thursday signed Cameroon international Andre Onana on a five-year contract until 2028 with an option of a one-year extension

July 20, 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 462

Coca-Cola, MTN Foundation, British Council, Others Unveiled As Partners For Africa Social Impact Summit 2023

Fidelity Bank Reclassified As Medium Price Stock

Electricity Export: Togo, Niger, Benin Republic Owe Nigeria $18.29 Million

Subsidy: Kyari Should Account For Monies Spent On Refineries Over Years – Economist

Stock Market Nets N584bn, GTCO Top Gainers’ List, Academy Leads Losers

Official Dollar Rate Now N768, Black Market USD Rate Hits N859

External Reserves Fall To Two-Year Low, To Affect Tinubu’s N200/$1 Rate Plan

House Of Reps To Probe CBN Over Handling Of Excess Crude Account Investments

FIRS Fails To Meet Oil Tax Revenue Projection, Records N3.76trn Non-oil Tax Income

Football Transfer News: Man United Signs £47.2m Onana From Inter Milan

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