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Business - Page 484

Dollar Rate Drops By N10 In Black Market

Over N10 was removed from the foreign exchange rate for the United States dollar (USD) in the black market on Wednesday, December 24. According to Naira Rates, the price for a dollar had depreciated to N1,467.99 kobo per $1, from the N1,477.99

December 24, 2025

Benin Port: Bidders inspect project site to assess condition of support facilities

Business

Benin Port: Bidders Visit Project Site To Assess Condition Of Support Facilities

Bidders for the Benin Port project have visited and inspected the confluence of the Benin and Osse Rivers, to assess the site conditions and available facilities to support the port.

June 19, 2023

Business·News

Nigeria Must Prioritize Agriculture, Production To Drive Growth, Cut Import Spending – Obaseki

The Edo State Governor, Mr. Godwin Obaseki, has said the nation spends about half a billion dollars annually on the importation of dairy products, reiterating the need for the country to refocus on agriculture and production to drive economic growth and development.

June 19, 2023

Business·Insights

21 International Airlines Operating In Nigeria

Nigeria is Africa’s largest economy, which makes every sector, especially the aviation industry, a lucrative market for international airline operators to set up shop. Air travel is vital to Nigeria’s gross domestic product (GDP), with 16.17 million passengers going through the country’s

June 19, 2023

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Currency

GTBank, Zenith, Others Receive 6 New Forex Directives From CBN

The domiciliary account withdrawal limit has been increased to $10,000 per day by the Central Bank of Nigeria (CBN), as the apex bank issues six new directives to Deposit Money Banks (DMBs). CBN released new foreign exchange (Forex) directives to commercial banks

June 19, 2023

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Black Market’s Dollar, Euro And Pound Rates Rise, USD Drops By N39 In Official Market

In the Bureau De Change window of the black market, the cost of the dollar, euro and the British pound increased on Friday, as the value of the naira fell. According to Naira Rates, a parallel rate aggregator, the average price the

June 19, 2023

Business·Opinion

NLC, TUC Rascality On Air Peace – Labour Activism Gone Mad

As if to consolidate and to complete a track record of misguided activism, and a seeming hatchet job, the Nigeria Labour Congress and the Trade Union Congress recently beat security lines to disrupt the flight operations of the Air Peace in Lagos.

June 18, 2023

Jigawa Residents Spend More On Petrol As Price Rises By 223.21% To N770

Business·Finance & Economy

Subsidy Removal: ‘Govt Should Allow Full Deregulation To Engender Healthy Competition In Petrol Supply, Better Price’

With the announcement of the removal of subsidy on petrol, the Federal Government has been urged to allow full deregulation of the downstream sector of the oil and gas industry to engender healthy competition in supply of the products. Nigerians have continued

June 18, 2023

Business

Edo Partners NCDMB On Devt Of Benin Enterprise Park

The Edo State Government has assured of the realization of the Benin Enterprise Park project, noting that on completion, the project will boost economic activities in the State and transform its fortunes. The Special Adviser to the Edo State Governor on Strategy,

June 18, 2023

Business·Transport

Export Development Canada Warns EFCC On Interference With Its Mortgage Rights

The Export Development Canada (EDC) has warned the Economic Financial and Crime Commission (EFCC) to lay off its Mortgage Rights, the CRJ 1000 which the crime commission is obstructing the owner from repossessing following a petition filed by Sir Johnson Arumemi, founder

June 17, 2023

Business·Markets

Stock Investors In Nigeria Lose N105.77bn, Abbey Mortgage Bank Among Losers

The market valuation of the Nigerian stock exchange dropped by N105.77 billion to N32.12 trillion market capitalisation on Friday, 16 June, from N32.23 trillion posted on Thursday. This was due to the 194.25 basis points lost by the All-Share Index (ASI). The

June 16, 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 484

Dollar Rate Drops By N10 In Black Market

Benin Port: Bidders Visit Project Site To Assess Condition Of Support Facilities

Nigeria Must Prioritize Agriculture, Production To Drive Growth, Cut Import Spending – Obaseki

21 International Airlines Operating In Nigeria

GTBank, Zenith, Others Receive 6 New Forex Directives From CBN

Black Market’s Dollar, Euro And Pound Rates Rise, USD Drops By N39 In Official Market

NLC, TUC Rascality On Air Peace – Labour Activism Gone Mad

Subsidy Removal: ‘Govt Should Allow Full Deregulation To Engender Healthy Competition In Petrol Supply, Better Price’

Edo Partners NCDMB On Devt Of Benin Enterprise Park

Export Development Canada Warns EFCC On Interference With Its Mortgage Rights

Stock Investors In Nigeria Lose N105.77bn, Abbey Mortgage Bank Among Losers

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