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Business - Page 473

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·Technology

Telecoms Investment In Nigeria Rises To $75.6bn – Danbatta

Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has disclosed that the investment profile in the nation’s telecommunications sector, comprising foreign direct investment (FDI) and local investment, has reached $75.6 billion as of 2021. READ ALSO: Telecom Sector

July 6, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Dollar Rate Down N26 In Official Market, Black Market Price Rises

The cost of the United States Dollar (USD) in the official market was reduced by N26.13 kobo on Wednesday, June 5, FMDQ Exchange reports. As stated by the official market foreign exchange aggregator, the decrease pushed the dollar rate to N742.31/$1, against

July 6, 2023

Business

IMF Asks Nigeria, Others To Charge VAT, Capital Gains Tax On Crypto Assets

The International Monetary Fund (IMF) said Nigeria and other countries didn’t take advantage of the opportunity to generate $100 billion from the cryptocurrency industry. IMF, in a report titled; “Crypto Poses Significant Tax Problems—and They Could Get Worse,” said Nigeria and other

July 6, 2023

Business·Technology

Apple Inc Records $3trn Market Valuation For Second Time, Maintains Dominance In Tech Sector

Highlights – Apple Inc. records a market valuation of $3 trillion for the second time, becoming the first publicly traded company to reach this milestone. – Apple’s resilience and ability to manage challenges makes it a safe haven for investors, with its

July 6, 2023

Business·Markets

Nigerian Stock Market Cap Up By N440.38bn, Learn Africa Leads Gainers

On Wednesday, 5 June, the Nigerian stock market capitalisation settled at N33.50 trillion, rising by 1.33 per cent. The day before, the market capitalisation ended trading with N33.05 trillion, indicating a growth of N440.38 billion. This was driven by the All-Share Index,

July 5, 2023

Tinubu’s Emi Lo Kan Spotted In Enugu Politics

Business·Power

Geometric Power Plant To Start Electricity Generation Within 2 Months – Prof Nnaji

The 188-megawatt Geometric Power plant in Aba, Abia State, will start to generate electricity within the next two months, said the company’s group chairman, Professor Bart Nnaji. Prof. Nnaji disclosed this on Wednesday at the First African Continental Free Trade Area (AfCFTA)

July 5, 2023

FG To Stop Taxing Tomatoes, Other Non-taxable Goods, Services

Agro-Economy·Business

Women Turn To ‘Carrot Stew’ As Cost of Tomatoes Skyrockets In Nigeria

Some women said they have opted for carrots and other sauces for their stews as the cost of tomatoes continues to soar in Nigeria. Some residents in Lagos, who spoke to Prime Business Africa, recently said they have resorted to using carrots

July 5, 2023

Business·News·Sports

Arsenal, West Ham Finally Agree On Payment Structure For £105m Rice Deal

Arsenal and West Ham United have finally found a resolution on Declan Rice's proposed for £105m transfer. The two clubs have been locked in negotiations over the structure of Arsenal's bid,

July 5, 2023

Business·News·Sports

Football Transfer News: Man United Signs Mason Mount From Chelsea For £60m

Manchester United on Wednesday completed the signing of England international Mason Mount from Chelsea on a contract to 2028 with the option of a further year, the club have announced

July 5, 2023

Nigerians Spend More On Air Travels As Ticket Prices Increases By 34.06% In One Year – NBS

Business·Transport

Nigerians Spend More On Air Travels As Ticket Prices Increase By 34.06% In One Year – NBS

The cost of air tickets increased by 34.06 per cent in the last one year, the Nigeria Bureau of Statistics (NBS) report for May 2023 has revealed. According to the NBS Transport Fare Watch for May 2023, the shows that airfare rose

July 5, 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 473

Telecoms Investment In Nigeria Rises To $75.6bn – Danbatta

Dollar Rate Down N26 In Official Market, Black Market Price Rises

IMF Asks Nigeria, Others To Charge VAT, Capital Gains Tax On Crypto Assets

Apple Inc Records $3trn Market Valuation For Second Time, Maintains Dominance In Tech Sector

Nigerian Stock Market Cap Up By N440.38bn, Learn Africa Leads Gainers

Geometric Power Plant To Start Electricity Generation Within 2 Months – Prof Nnaji

Women Turn To ‘Carrot Stew’ As Cost of Tomatoes Skyrockets In Nigeria

Arsenal, West Ham Finally Agree On Payment Structure For £105m Rice Deal

Football Transfer News: Man United Signs Mason Mount From Chelsea For £60m

Nigerians Spend More On Air Travels As Ticket Prices Increase By 34.06% In One Year – NBS

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