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Business - Page 479

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

NGX: Investors Gain N313bn As ASI Rebound By 0.70%

Business·Markets

Transcorp Hotels, Ikeja Hotel, Others Record Gains, Stock Market Cap Up By N421bn

The Nigerian Exchange Limited (NGX) disclosed that the stock exchange appreciated by 1.30 per cent or N421.19 billion in value on Tuesday. According to the data obtained from NGX, this increased the stock market valuation or capitalisation to N32.72 trillion, from Monday’s N32.30 trillion.

June 27, 2023

Business·Oil & Gas

Fuel Subsidy Scam: Tinubu Should Order Audit Of Payments, Prosecute Culprits – ex-TUC President

Former President of the Trade Union Congress (TUC), Mr Peter Esele, has called on President Bola Tinubu to order a comprehensive audit of fuel subsidy payments over the years. Mr Esele said the issue of scams around the fuel subsidy scheme is

June 27, 2023

AMA News·Business

Key Highlights on the Central African Republic Economic Update: Focus on Fuel Subsidies

© World Bank Office, Bangui. STORY HIGHLIGHTS The Central African Republic’s (CAR) economy experienced a standstill in 2022 due to floods and fuel shortages. The country faced high inflationary pressures and acute levels of food insecurity, with nearly half the population affected.

June 27, 2023

Business·Technology

Tesla’s Supercharger Network Turns Huge Financial Burden Into $12.9bn Revenue Opportunity

The past couple of years have been a bumpy ride for Tesla. But by 2021, the stock plunged more than 70% in the face of high inflation, rising interest rates, and the worst stock market downturn in more than a decade. However,

June 27, 2023

Business

Data Prices, Airtime Tariff Set To Rise, As MTN, Airtel, Others Review Costs

MTN Nigeria, Airtel Africa and other telecommunications companies under the telco group, Association of Licensed Telecoms Operators of Nigeria (ALTON), have revealed they are planning to increase prices of data and call tariffs. The network providers said they can’t afford to bear

June 27, 2023

Business

Oliver Alawuba Increases Investment In UBA, Shareholders Make N116.27bn

The Group Managing Director of the United Bank for Africa (UBA), Oliver Alawuba, has increased his investment in the financial institution. Alawuba is now the second highest shareholder in UBA after acquiring 35.53 million shares of the bank in the Nigerian stock market

June 27, 2023

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Dollar Sells Above N760 In Official, Black Markets, BDC Increases Euro, Pound Rates

The dollar rates in the investors’ and exporters’ window of the official market and that of the Bureau De Change (BDC) window in the black market continue to converge. At the close of trading on Monday, 26 June, the dollar was sold

June 27, 2023

Business

Garba Shehu Says Buhari Helped Tinubu Win Election By Not Removing Fuel Subsidy

Garba Shehu, a former spokesperson to ex-President Muhammadu Buhari, has disclosed that the fuel subsidy was not removed to enable the current President, Bola Tinubu, to win the election in February 2023. Shehu said if Buhari had removed the fuel subsidy, Tinubu

June 27, 2023

Business·News·Sports

UEFA Set To Amend Rules On Club Ownership That Affects Man City, Newcastle, Chelsea

Amidst reports that Newcastle United are planning to follow in the footsteps of Manchester City and Chelsea who have bought franchises at some European clubs, the European football governing body, UEFA, is now ready to make some changes to their rules on

June 26, 2023

Business·Markets

Stock Market Gainers Earn N71.94bn, Unity Bank, Cutix Among Losers’ List

The gainers in the stock market on Monday, 26 June, pocketed N71.94 billion, as the Nigerian bourse capitalisation increased from N32.23 trillion to N32.30 trillion. The All-Share Index grew by 129.25 basis points to 59,335.88 ASI, rising from 59,206.63 ASI. At the end of

June 26, 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 479

Transcorp Hotels, Ikeja Hotel, Others Record Gains, Stock Market Cap Up By N421bn

Fuel Subsidy Scam: Tinubu Should Order Audit Of Payments, Prosecute Culprits – ex-TUC President

Key Highlights on the Central African Republic Economic Update: Focus on Fuel Subsidies

Tesla’s Supercharger Network Turns Huge Financial Burden Into $12.9bn Revenue Opportunity

Data Prices, Airtime Tariff Set To Rise, As MTN, Airtel, Others Review Costs

Oliver Alawuba Increases Investment In UBA, Shareholders Make N116.27bn

Dollar Sells Above N760 In Official, Black Markets, BDC Increases Euro, Pound Rates

Garba Shehu Says Buhari Helped Tinubu Win Election By Not Removing Fuel Subsidy

UEFA Set To Amend Rules On Club Ownership That Affects Man City, Newcastle, Chelsea

Stock Market Gainers Earn N71.94bn, Unity Bank, Cutix Among Losers’ List

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