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Business - Page 472

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

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Official Market Dollar Sold At N762/$1, Euro, Pound Fluctuate In Black Market

In the investors’ and exporters’ window of the official market, the United States Dollar (USD) was sold at N762.63/$1 on Thursday, 6 July. The FMDQ Exchange, the official foreign exchange rate aggregator, reported that the rate surpassed the N742.31/$1 rate dollar that

July 7, 2023

The Nigeria Ports Authority (NPA), the Nigeria Customs Service (NCS) and three other agencies have been accused of illegal auction of Federal Government properties.

Business

Reps To Probe NPA, Customs, 3 Others After Illegal Sale Of Gov’t Properties

The Nigeria Ports Authority (NPA), the Nigeria Customs Service (NCS) and three other agencies have been accused of illegal auction of Federal Government properties. Also accused are the Nigeria Railway Corporation (NRC), River Basin Development Authority (RBDA), and the Nigeria Maritime Administration

July 7, 2023

Business·Finance & Economy

Fuel Subsidy Removal, FX Reforms Will Have Positive Impact In Long Run – MOMAN

Chairman of the Major Oil Marketers Association of Nigeria (MOMAN), Olu Adeosun, has said the ongoing measures being taken by the Federal Government, particularly the removal of subsidy on petrol and foreign exchange reforms, would have a long-term positive impact. Adeosun, who

July 6, 2023

AMA News·Business

Bybit’s ByStarter Platform to Host Genesis Offering of Mantle’s MNT Token Ahead of Mantle Network Mainnet Launch

DUBAI, UNITED ARAB EMIRATES, 6 July 2023 -/African Media Agency(AMA)/- Bybit, the world’s third most visited crypto exchange, has announced the ByStarter Genesis Offering of MNT, the gas and staking token of Mantle Network, an upcoming modular Ethereum layer-2 (L2) blockchain, and the governance

July 6, 2023

AMA News·Business

Bybit CEO Announces Seamless Fiat Integrations in Keynote Address

DUBAI, UNITED ARAB EMIRATES, 06 July 2023 -/African Media Agency(AMA)/- Ben Zhou, co-founder and CEO of Bybit, the world’s third most visited crypto exchange, made significant announcements during his keynote speech today. The speech focused on regulatory achievements, user-friendly features, and offering seamless fiat integrations. Zhou

July 6, 2023

Business·Markets

Nigerian Stock Exchange Valuation Hit N33.77trn, UBN, Conoil, Others Earn N270bn

Nigerian bourse closed with N33.77 trillion market capitalisation on Thursday, rising by 0.80 per cent, after investors traded N95 billion shares on the exchange floor. The increase represents N270.24 billion gain driven by the Union Bank of Nigeria (UBN). It raised the

July 6, 2023

Business·News·Sports

Football Transfer News: Bayer Leverkusen Signs Arsenal Star Xhaka On €25m Deal

German Bundesliga side Bayer Leverkusen on Thursday confirmed the signing of Arsenal midfielder Granit Xhaka on a permanent deal

July 6, 2023

Publish Details Of Meter Purchase Refunds To Customers, NERC Orders DisCos

Business·Power

Electricity Consumers Can Now Get Prepaid Metres In Less Than 3 Weeks – Aba Power

Electricity consumers in nine of the 17 local government areas in Abia State which make up the Aba Ring- fenced Area can now easily have their prepaid meters in less than three weeks, according to the Chief Commercial Officer of Aba Power

July 6, 2023

Why Nigerian Airlines Have Been Unable To Compete With Foreign Operators - Keyamo

Business·Insights

Top Five Most Profitable Airlines In The World

The top five most profitable airlines in the world generated $9.97 billion in 2022, with the United States accounting for two airlines on the list. Prime Business Africa notes that the profits of these airlines are driven by the number of fleets

July 6, 2023

New Pos Charges: PoS Operators Risk N10m Fine, Imprisonment

Business

FCCPC To Investigate, Penalise POS Agents, Says POS Service Price Increase Illegal

The Federal Competition and Consumer Protection Commission (FCCPC) has revealed that it is illegal for Point of Sale (POS) agents to jointly agree on fixing prices for their services. In a statement on Wednesday, 6 June, FCCPC’s executive vice-chairman and Chief Executive

July 6, 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 472

Official Market Dollar Sold At N762/$1, Euro, Pound Fluctuate In Black Market

Reps To Probe NPA, Customs, 3 Others After Illegal Sale Of Gov’t Properties

Fuel Subsidy Removal, FX Reforms Will Have Positive Impact In Long Run – MOMAN

Bybit’s ByStarter Platform to Host Genesis Offering of Mantle’s MNT Token Ahead of Mantle Network Mainnet Launch

Bybit CEO Announces Seamless Fiat Integrations in Keynote Address

Nigerian Stock Exchange Valuation Hit N33.77trn, UBN, Conoil, Others Earn N270bn

Football Transfer News: Bayer Leverkusen Signs Arsenal Star Xhaka On €25m Deal

Electricity Consumers Can Now Get Prepaid Metres In Less Than 3 Weeks – Aba Power

Top Five Most Profitable Airlines In The World

FCCPC To Investigate, Penalise POS Agents, Says POS Service Price Increase Illegal

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Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

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