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Business - Page 480

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

We Uncovered Subsidy Claims On Pipelines That Never existed – Isa Yuguda

Former governor of Bauchi State, Isa Yuguda has revealed how alleged scams were discovered in petrol, subsidy payments between 2008 and 2009 and but unfortunately, the recommendations made were not implemented. He claimed that the fraudulent activities surrounding subsidies were uncovered when

June 26, 2023

NNPCL Denies Inflating Fuel Subsidy Payments

Business·Oil & Gas

NNPC Involved In Fuel Subsidy Scam Before Removal, Yuguda Reveals

The Former Governor of Bauchi State, Isa Yuguda, has accused the Nigerian National Petroleum Company (NNPC) Limited of enabling a fuel subsidy scam before its removal. Yuguda said the NNPC collaborated with the oil marketers in running a fuel subsidy scam by

June 26, 2023

Business·Oil & Gas

Bauchi Ex-gov Reveals He has A Friend Tired Of Making Money From Fuel Subsidy Scam

A former governor of Bauchi State, and former minister of Aviation, Isa Yuguda, has revealed that one of his friends benefited significantly from the fuel subsidy scam. Yuguda said the friend, operating in the oil sector, disclosed to him and a former

June 26, 2023

External Reserves Fall To Two-Year Low, To Affect Tinubu’s N200/$1 Rate Ambition

Business

Tinubu Told To End Bank Transfer Charges, Reduce Workers’ Pension Contribution

President Bola Tinubu has been urged to end bank charges and reduce workers’ monthly contributions to pension schemes to cushion the negative effect of the fuel subsidy removal on Nigerians. This was suggested by the former Minister of Aviation, Osita Chidoka, who

June 26, 2023

Africa·Business·Insights

African Countries Losing Nigeria’s N52.38trn Foreign Trade To Europe, Asia

Nigerian traders are cutting down their foreign trade with other African countries, a move the European countries and Asia are benefiting from. There have been changes in the trading behaviour of Nigerian traders in the last four years, which has impacted the

June 26, 2023

Business·News

Post No Debit: ‘Dead’ Customer Recants, Thanks Polaris Bank For Protecting His Funds

Polaris Bank customer, Mr Anthony Olasele, on Thursday, June 23, wrote on his Twitter handle to praise the bank for protecting his account. Mr. Olasele, with Twitter handle @avogroovy, had on his last thread on May 16 alleged that Polaris Bank was

June 24, 2023

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

Business·News

CBN Adds Bank Customers’ Digital Footprints, Social Media Handles To KYC Rules

Nigerian banks are now mandated to demand customers’ social media handles as part of Know Your Customer (KYC) requirement for opening new accounts and maintaining existing ones. The Central Bank of Nigeria (CBN) made this known in its new Customer Due Diligence

June 24, 2023

Business

Nigeria’s External Debt Is Now ₦49.85trn, Up From ₦46trn

The Debt Management Office says Nigeria’s total foreign debt for the period ending March 31st, 2023, stands at ₦49.85 trillion ($108.30 billion) from ₦46.25 trillion as of December 21st 2022. This was revealed in a statement shared on its Twitter handle on

June 23, 2023

Business·Markets

Over N4.09 billion Lost In Stock Market, Unity Bank Tops Losers’ List

Nigerian stock market capitalisation dipped by N4.09 billion on Friday, dropping from N32.24 trillion to N32.23 trillion. The All-Share Index slightly declined by 4.63 basis points to 59,206.63 ASI, from 59,211.26 ASI. Over 627.87 million shares were exchanged in 6,953 deals, worth N9.15 billion, on

June 23, 2023

Business·News·Sports·Uncategorized

Unknown Saudi Arabian Club Offers Partey £200m Wages

Amid interests in Arsenal midfielder Thomas Partey from Super rich Saudi Arabia clubs, reports on Friday have indicated that an unnamed Saudi pro League side has made an audacious move to sign the Ghanaian on a two-year deal

June 23, 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 480

We Uncovered Subsidy Claims On Pipelines That Never existed – Isa Yuguda

NNPC Involved In Fuel Subsidy Scam Before Removal, Yuguda Reveals

Bauchi Ex-gov Reveals He has A Friend Tired Of Making Money From Fuel Subsidy Scam

Tinubu Told To End Bank Transfer Charges, Reduce Workers’ Pension Contribution

African Countries Losing Nigeria’s N52.38trn Foreign Trade To Europe, Asia

Post No Debit: ‘Dead’ Customer Recants, Thanks Polaris Bank For Protecting His Funds

CBN Adds Bank Customers’ Digital Footprints, Social Media Handles To KYC Rules

Nigeria’s External Debt Is Now ₦49.85trn, Up From ₦46trn

Over N4.09 billion Lost In Stock Market, Unity Bank Tops Losers’ List

Unknown Saudi Arabian Club Offers Partey £200m Wages

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