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Business - Page 463

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·Markets

Investors Pocket N94.46bn In Nigerian Stock Trading

Investors in UPL, Ikeja Hotels and other equities on the gainers list pocketed N94.46 billion on Thursday after the market capitalisation rose from N34.71 trillion to N34.81 trillion. The All-Share Index inched higher by 173.49 basis points to 63,930.72 ASI, from 63,757.23 ASI. The value of

July 20, 2023

Business

Fuel Price Hike: CUPP Demands Sack Of NNPC Boss Kyari

The Coalition of United Political Parties (CUPP) has called for the immediate removal of the Nigerian National Petroleum Company Limited (NNPCL) Group Managing Chief Executive Officer (GCEO, Mele Kyari, over the incessant hike in the pump price of Premium Motor Spirit (PMS),

July 20, 2023

Business

NOVA Merchant Bank Set For Full Commercial Banking

NOVA Merchant Bank has received approval from its shareholders to transition into commercial banking. The shareholders gave their unanimous approval during the company’s 6th Annual General Meeting in Lagos on Wednesday, where they agreed that the bank remains well-positioned to sustain and

July 20, 2023

Business·Insights

Data War Analysis: Globacom Loses Data Market Share, Over 300,000 Subscribers Stop Using 9mobile Internet Service

MTN Nigeria and Airtel outperformed Globacom and 9mobile in the first five months of 2022, as the telecommunications industry recorded a 4.76 million increase in the number of active data subscribers. The number of active subscribers for internet services rose 3.08 per

July 20, 2023

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

Business·Currency

CBN’s Authorised Dealers Sell Dollar At N853

In the Investors’ and Exporters’ window on Wednesday, the official naira to dollar exchange rate closed at N793.70/$1, rising from N742.93/$1. Prime Business Africa learnt that between Tuesday and Wednesday, the United States Dollar appreciated in value by N50.77 kobo. In addition,

July 20, 2023

Naira Opens Week With Gain Across FX Markets

Business

Black Market, Official Dollar Rate Gaps – LCCI Explains Why

The Central Bank of Nigeria (CBN) has been advised to discontinue the foreign exchange (forex) restriction placed on 43 items in the official market. According to the Lagos Chamber of Commerce and Industry (LCCI), the 43 items banned from accessing foreign exchange

July 20, 2023

Business

Emefiele Risks Another Arrest Over $53 million Judgement Debt

Justice Inyang Ekwo of the Federal High Court, sitting in Abuja, said it will issue an arrest warrant against the suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. Emefiele has failed to appear before the court for every date

July 20, 2023

Business

Agusto & Co. Affirms Fidelity Bank’s ‘A’ rating, With A Stable Outlook

Pan-African credit rating agency, Agusto & Co. has affirmed the ‘A’ rating assigned to Fidelity Bank Plc and assigned an ESG score of ‘2’ in reflection of the agency’s view that environmental, social and governance issues have minimal contribution to the Bank’s

July 19, 2023

Business·Oil & Gas

Outcry Continues To Trail Fuel Price Hike In Nigeria

The latest hike in price of Premium Motor Spirit (PMS) across the country has continued to draw reactions, as Nigerians grapple with the attendant spike in transport and general cost of living. The Nigeria National Petroleum Company Limited retail outlets on Tuesday,

July 19, 2023

AMA News·Business

Nairobi to host next Namibia-Kenya trade and investment conference in June 2024

WINDHOEK, Namibia, 19th July 2023 -/African Media Agency (AMA)/- The Namibia-Kenya Trade and Investment Conference will be an annual event, with the next event to be hosted in Nairobi Kenya in June 2024. The conference will be hosted alternately between Kenya and Namibia,

July 19, 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 463

Investors Pocket N94.46bn In Nigerian Stock Trading

Fuel Price Hike: CUPP Demands Sack Of NNPC Boss Kyari

NOVA Merchant Bank Set For Full Commercial Banking

Data War Analysis: Globacom Loses Data Market Share, Over 300,000 Subscribers Stop Using 9mobile Internet Service

CBN’s Authorised Dealers Sell Dollar At N853

Black Market, Official Dollar Rate Gaps – LCCI Explains Why

Emefiele Risks Another Arrest Over $53 million Judgement Debt

Agusto & Co. Affirms Fidelity Bank’s ‘A’ rating, With A Stable Outlook

Outcry Continues To Trail Fuel Price Hike In Nigeria

Nairobi to host next Namibia-Kenya trade and investment conference in June 2024

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