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Business - Page 496

Naira Appreciates Against Dollar, Trades At N1,477 Per USD

The foreign exchange rate of the United States dollar (USD) increased to N1,477.99 kobo per $1 in the parallel market on Tuesday, December 23, from the N1,476.95 kobo per USD recorded on Monday, December 22. This represents a 0.07 percent decline in

December 23, 2025

Business·Opinion

Ghana, Nigeria And Resource Assault In West Africa

A team from A Rocha, Ford Foundation and others will visit Ghana’s Atewa Range Forest Reserve, a Globally Significant Biodiversity Area on June 5. The reserve is attracting interest because its vast natural resource base is under relentless assault from illegal lumbering,

May 31, 2023

Business·Oil & Gas

Buhari’s Gov’t Failed To Pay Subsidy Fees, Owes NNPC N2.8 trillion

The Federal Government owes the Nigerian National Petroleum Company (NNPC) Limited N2.8 trillion, the Group Chief Executive Officer of the firm, Mele Kyari, has revealed. After meeting with President Bola Tinubu on Tuesday, Kyari told State House correspondents that the administration of

May 30, 2023

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

Business·Markets

Investors Rush To Buy N15.79bn Nigerian Stocks After Tinubu’s Promise

Equity investors’ confidence in the Nigerian stock market was up on Tuesday, a day after Bola Tinubu was sworn-in as the President of Nigeria. Recall that Tinubu had promised that access to foreign exchange will increase to ensure foreign investors are able

May 30, 2023

AMA News·Business

African Leadership Magazine Unveils Winners For The 13th African Business Leadership Awards (Abla) 2023

…winners, runners-up to be honoured during the Africa Summit 10 – 11 July 2023 in London, United Kingdom PORTSMOUTH, United Kingdom, 29 May 2023,-/African Media Agency (AMA)/- The African Leadership Magazine (ALM) is thrilled to announce the winners of the 13th edition

May 30, 2023

AMA News·Business

Bybit Receives In-Principle Approval to Operate in Kazakhstan

ASTANA, Kazakhstan, 29 May 2023 -/African Media Agency(AMA)/- Bybit, the world’s third most visited crypto exchange, has received in-principle approval by Kazakhstan’s Astana Financial Services Authority (AFSA). This latest approval highlights Bybit’s continued commitment to expanding its presence in emerging and dynamic markets. The

May 30, 2023

Business

Benue State’s Ex-gov, Ortom, Signs Bill To Earn N25 million, Receive 2 SUVs After Tenure

The immediate past governor of Benue State, Samuel Ortom, will receive monthly stipend equivalent to the basic salary of an incumbent governor and luxury cars after his tenure ended on Monday. Ortom signed a lifetime maintenance bill for former elected Benue governors

May 30, 2023

Business

Tony Elumelu Parts With N633.14 million To Prevent Hostile Takeover In UBA

Tony Elumelu, the chairman of the United Bank for Africa (UBA), has increased his ownership stake in the financial institution to tighten his control over the firm. Elumelu increased his controlling stake in UBA to 7.18 per cent as at the end

May 30, 2023

Business·Oil & Gas

Mele Kyari Reveals Removal Of Fuel Subsidy By Tinubu Will Affect NNPC

The Group Chief Executive Officer (GCEO) of the Nigeria National Petroleum Company (NNPC) Limited, Mele Kyari, has backed President Bola Tinubu for his stance on the removal of fuel subsidy. On Monday, during his inauguration speech, Tinubu assured that his administration will

May 30, 2023

Tinubu To Review CBN’s Naira Redesign Policy, Says Emefiele Harshly Applied Plan

Business

Tinubu To Review CBN’s Naira Redesign Policy, Says Emefiele Harshly Applied It

President Bola Tinubu has faulted Godwin Emefiele-led Central Bank of Nigeria (CBN) for harshly implementing the Naira redesign policy. Tinubu condemned the handling of the policy, stating that there are many unbanked Nigerians affected by the Naira redesign campaign initiated by Emefiele.

May 29, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Black Market Rates For Dollar, Pound, Euro Drop, As Tinubu Set To Unify Rates

The Naira gained against foreign currencies in the black market on Monday morning during Bola Tinubu’s swearing in ceremony at the Eagles Square, Abuja. Data obtained from Naira Rates, an aggregator exchange rate platform, showed that the Naira appreciated by 0.5 per

May 29, 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 496

Naira Appreciates Against Dollar, Trades At N1,477 Per USD

Ghana, Nigeria And Resource Assault In West Africa

Buhari’s Gov’t Failed To Pay Subsidy Fees, Owes NNPC N2.8 trillion

Investors Rush To Buy N15.79bn Nigerian Stocks After Tinubu’s Promise

African Leadership Magazine Unveils Winners For The 13th African Business Leadership Awards (Abla) 2023

Bybit Receives In-Principle Approval to Operate in Kazakhstan

Benue State’s Ex-gov, Ortom, Signs Bill To Earn N25 million, Receive 2 SUVs After Tenure

Tony Elumelu Parts With N633.14 million To Prevent Hostile Takeover In UBA

Mele Kyari Reveals Removal Of Fuel Subsidy By Tinubu Will Affect NNPC

Tinubu To Review CBN’s Naira Redesign Policy, Says Emefiele Harshly Applied It

Black Market Rates For Dollar, Pound, Euro Drop, As Tinubu Set To Unify Rates

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Naira Appreciates Against Dollar, Trades At N1,477 Per USD

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Naira Appreciates Against Dollar, Trades At N1,477 Per USD

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