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Business - Page 467

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

NCDMB To Implement Report On In-Country Manufacturing

The Nigerian Content Development and Monitoring Board (NCDMB) will soon issue policy directives on in-country manufacturing capabilities of pumps, flanges, valves, and other major equipment categories utilised in different streams of the oil and gas industry, which constitute a huge percentage of

July 13, 2023

Business

Benin Port: Mota-Engil Nigeria Set To Begin Construction

The preferred bidder for the Benin Port Project, Mota Engil Nigeria, has said plans are ongoing to commence the development of the port project, which remains one of the most ambitious legacy projects of the Edo State Governor, Mr. Godwin Obaseki. The

July 13, 2023

Business·News·Sports

FIFA Bans Al-Nassr From Buying More Players To Join Cristiano Ronaldo

Amid the latest financial windfall in the Saudi Arabian league Pro League, top side Al-Nassr have been hit with a FIFA ban preventing the club from registering new players for their failure to pay add-ons owed to Leicester City as part of

July 13, 2023

Business·News·Sports·Uncategorized

Man City Tops List Of Benefiting Clubs From FIFA World Cup Payments

For the second straight World Cup, Premier League champions Manchester City topped the list of FIFA payments to clubs whose players were selected for the 32 national teams in Qatar

July 13, 2023

Business·Markets

Fidelity Bank, Stanbic IBTC, Others Lose N706.77bn, As Investors Dump Shares

Nigerian stock market valuation depreciated to N34.16 trillion on Thursday, from N34.87 trillion, losing N706.77 billion by the close of trading. The All-Share Index dropped from 64,046.93 ASI to 62,748.94 ASI, shedding 1,297.99 basis points. Nigerian bourse recorded N10.44 billion transaction, as 798.46 million shares were

July 13, 2023

Nigeria's September Oil Production Hits 1.5 Million Barrels, Bolsters OPEC Output

Business·Oil & Gas

OPEC Ranks Nigeria Ahead Angola, Algeria, As Crude Output Rises To 1.29mbpd

Nigeria increased its daily crude oil production by 21,000 barrels in June to remain Africa’s largest crude oil producer, according to the Organization of the Petroleum Exporting Countries (OPEC). While Nigeria raised its production slightly, OPEC reported in its Monthly Oil Market

July 13, 2023

AMA News·Business

Bybit’s World Series of Trading 2023 Will Be an All-Star Showdown for Elite Crypto Traders

DUBAI, UNITED ARAB EMIRATES, 13 July 2023 -/African Media Agency (AMA)/- Bybit, the world’s third most visited crypto exchange, has unveiled its grand crypto spectacle: the 2023 World Series of Trading (WSOT). Starting with the leader registration phase on July 13, the largest cryptocurrency

July 13, 2023

Nigeria Govt Finally Secures Access To Heathrow Airport For Air Peace

Business·Transport

Air Peace Furthers Regional Route Expansion As It Begins Flights To Lome July 28

Air Peace Furthers Regional Route Expansion As It Begins Flights To Lome July 28 Nigeria’s leading national carrier, Air Peace, is further expanding its regional routes with the launch of flight operations to Lome (Togo) on July 28, 2023. This was a

July 13, 2023

Business·Currency

Official Dollar Rate Surpasses N800, USD, Pound, Euro Prices Rise In Black Market

FMDQ Exchange, the official market aggregator, reported the naira to dollar exchange rate closed at N782.49/$1 on Wednesday. The United States Dollar was sold at a lower rate compared to the N788.42/$1 rate the American greenback cost on Tuesday. While this indicates

July 13, 2023

SEC Step In, As Otudeko, FBN Holdings’ Majority Shareholders, Ecobank Disagree Over Acquisition

Business

SEC Steps In, As Otudeko, FBN Holdings’ Majority Shareholders, Ecobank Disagree Over Acquisition

The acquisition of 4.77 billion shares in FBN Holdings by Oba Otudeko is being investigated by the Securities and Exchange Commission (SEC). On Wednesday, some media reports revealed that the deal is facing the SEC’s scrutiny, as some majority shareholders of FBN

July 13, 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 467

NCDMB To Implement Report On In-Country Manufacturing

Benin Port: Mota-Engil Nigeria Set To Begin Construction

FIFA Bans Al-Nassr From Buying More Players To Join Cristiano Ronaldo

Man City Tops List Of Benefiting Clubs From FIFA World Cup Payments

Fidelity Bank, Stanbic IBTC, Others Lose N706.77bn, As Investors Dump Shares

OPEC Ranks Nigeria Ahead Angola, Algeria, As Crude Output Rises To 1.29mbpd

Bybit’s World Series of Trading 2023 Will Be an All-Star Showdown for Elite Crypto Traders

Air Peace Furthers Regional Route Expansion As It Begins Flights To Lome July 28

Official Dollar Rate Surpasses N800, USD, Pound, Euro Prices Rise In Black Market

SEC Steps In, As Otudeko, FBN Holdings’ Majority Shareholders, Ecobank Disagree Over Acquisition

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