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Business - Page 465

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

AMA News·Business

Africa Climate Summit 2023: Driving Green Growth and Climate Finance Solutions for Africa and the World

Mr Joseph Ng’ang’a, Africa Climate Summit CEO NAIROBI, Kenya, 18 July 2023 -/African Media Agency (AMA)/- Registration is now open for the inaugural Africa Climate Summit (ACS) and the annual Africa Climate Week 2023, landmark events co-hosted by the Republic of Kenya, the African

July 18, 2023

NNPC Refutes Viral Claims That Its Fuel Does Not Last

Business·Oil & Gas

NNPC Increases Fuel Price To N580/Litre, Oil Marketers Eye N700

The prices of Premium Motor Spirit (PMS) have been readjusted by the Nigerian National Petroleum Company (NNPC) Limited after its previous increase in May. Prime Business Africa previously reported that the NNPC Limited readjusted fuel prices from N189 per litre to above

July 18, 2023

Business·Insights

Golden Brew Leads Guinness, Others In Return On Investments, Brewers’ Valuation Hits N821bn

Majority of the Nigerian brewing companies in the stock market recorded an impressive return on investments for their shareholders in the first half (H1) of 2023. Nigerian Breweries, Guinness, International Breweries and Golden Brew shareholders were rewarded with N78.85 billion gain for holding

July 18, 2023

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Currency

Dollar Falls In I&E Window, Sold At N804 In Black Market

The naira recovered against the dollar in the Investors’ and Exporters’ (I&E) window of the official market on Monday, according to the FMDQ Exchange. Both currencies exchanged at N795.28 kobo/$1, by the close of trading, which is below the N803.90 kobo/$1 rate

July 18, 2023

Business

Foreign Airlines To Start Selling International Tickets At N803.90/$1

The International Air Transport Association (IATA) has informed travel agencies that foreign airline tickets will be sold at a new rate of N803.90/$1. IATA adjusted the exchange rate for international airlines from N776.90/$1 after the naira slumped consecutively against the dollar in

July 18, 2023

Nigeria's Inflation Rate Increases To 26.72%, AS Food Prices Soars

Business

Nigeria’s Inflation Rate Now 22.79%, Oil, Fish Drive Food Inflation Up

The National Bureau of Statistics (NBS) has released its Consumer Price Index (CPI) for the month of June, which disclosed inflation soared to 22.79 per cent. In the month before, the inflation rate was put at 22.41 per cent. This is a

July 17, 2023

IPMAN Asks FG To Partner With Illegal Refinery Operators In Creeks

Business·Oil & Gas

NNPC Discovers Oil Thieves’ Sophisticated Equipment Siphoning Crude

The equipment of suspected oil thieves on oil mining lease (OML) 18, was discovered by the Nigerian Navy and the Nigerian National Petroleum Company (NNPC) Limited on Tuesday, 11 July 2023. This was revealed by the commander of the Nigerian Navy Ship

July 17, 2023

Business

Ikeja, Kaduna Electric Customers To Lose Prepaid Meters, As Conlog Calls For Reset

The prepaid meters used by Kaduna and Ikeja Electricity Distribution Companies will stop functioning by November 2024, Prime Business Africa has gathered. According to findings, the manufacturer of the prepaid meters, Conlog, said users must upgrade the meters before 24 November 2024

July 17, 2023

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Naira Falls To Dollar Across Official, Black Markets

The cost of the dollar increased by N57.7 kobo in the Investors’ and Exporters’ (I&E) window and N7 in the Bureau De Change channel on Friday. Prime Business Africa learnt that the increase raised the naira to dollar rate to N803.90 kobo/$1 in

July 17, 2023

Breaking: CBN Raises Interest Rate To 18.75%

Business

CBN Asked To Get Rid Of Loan Apps Due To Danger To Nigerian Economy

The Central Bank of Nigeria (CBN) has been advised to end the operations of loan sharks in the country as they are dangerous to the economy. A former president of the Chattered Institute of Bankers of Nigeria (CIBN), Okechukwu Unegbu, made the

July 17, 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 465

Africa Climate Summit 2023: Driving Green Growth and Climate Finance Solutions for Africa and the World

NNPC Increases Fuel Price To N580/Litre, Oil Marketers Eye N700

Golden Brew Leads Guinness, Others In Return On Investments, Brewers’ Valuation Hits N821bn

Dollar Falls In I&E Window, Sold At N804 In Black Market

Foreign Airlines To Start Selling International Tickets At N803.90/$1

Nigeria’s Inflation Rate Now 22.79%, Oil, Fish Drive Food Inflation Up

NNPC Discovers Oil Thieves’ Sophisticated Equipment Siphoning Crude

Ikeja, Kaduna Electric Customers To Lose Prepaid Meters, As Conlog Calls For Reset

Naira Falls To Dollar Across Official, Black Markets

CBN Asked To Get Rid Of Loan Apps Due To Danger To Nigerian Economy

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