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Business - Page 498

The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

Nigerian Stock Market Valuation Rises By N578.89bn To N97.77trn

On Tuesday, December 23, the valuation of the Nigerian Exchange (NGX) Limited, also known as the stock market, increased by N578.89 billion to N97.77 trillion, from the N97.19 trillion recorded on Monday, December 22. The all-share index (ASI) increased to 153,354.13 ASI,

December 23, 2025

MTN Investors Earn N944bn In Three Months As Airtel’s Shareholders Record Zero

Business

Nigerian Banks’ USSD Debt To MTN, Airtel, Other Network Providers Hit N120 billion

The debt owed by Deposit Money Banks (DMBs) in Nigeria to network providers has increased to N120 billion as of May 2023, as banks failed to remit Unstructured Supplementary Service Data (USSD) charges. In 2019, the debt stood at N17 billion, but

May 26, 2023

Business

FG To Suspend Paris Club Debt Deductions From States’ Accounts

The Nigeria Governors’ Forum (NGF) said Paris Club debt deductions from states’ accounts have been suspended by the Federal Government. NGF chairman and governor of Sokoto state, Aminu Tambuwal, said the states will also be refunded monies previously deducted as agreed by

May 25, 2023

How Loss Of Over $5 Trillion In U.S. Stock Exchange Affects Nigeria

Business·Markets

Stock Market Investors Lose N57.71 billion To Selloffs In Conoil, Unilever, Others

Nigerian stock exchange closed with N28.76 trillion equity capitalisation on Thursday, which depreciated from N28.81 trillion. The decline represents N57.71 billion loss. The All-Share Index dropped to 52,821.6 index points, losing 106 basis points from 52,927.6 ASI reported the preceding day. Equity investors exchanged N9.17

May 25, 2023

AMA News·Business

African brands slip to 14% of the Top 100 most admired brands in Africa as non-African brands entrench their position in the continent.

Nike retains #1 ranking for 5th consecutive year in a relatively unchanged Top 10 ranking of the most admired brands in Africa. Unicef is the #1 NGO, Coca Cola the #1 non-African brand and MTN the #1 African brands recognized for doing

May 25, 2023

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Black Market Dollar Rate Rises, Naira Gains Against USD In Official Market

The exchange rate for the Naira to Dollar transaction was N760.87 kobo/$1 in the Bureau De Change window of the black market earlier on Thursday, 25 May 2023. On Wednesday, foreign exchange traders bought the United States Dollar at N756.85 rate, which

May 25, 2023

AMA News·Business

At Sapphire 2023, SAP’s vision for future-proofed business in the age of AI comes to life

SAP Business AI, the Green Ledger, and business-ready innovations across the portfolio underscore SAP’s ability to help customers solve their most pressing problems WALLDORF, Germany, 25 May 2023 -/African Media Agency(AMA)/- At SAP Sapphire in Orlando, SAP SE (NYSE: SAP) unveiled sweeping innovations and

May 25, 2023

Business

Reasons Ogun State Lost $18.5 billion Dangote Refinery To Lagos State

The governor of Ogun State, Dapo Abiodun, and his predecessor, Ibikunle Amosun, are at each other’s jugular over the loss of Dangote Refinery to Lagos State. Prime Business Africa understands that Aliko Dangote, Africa’s richest man and the owner of Dangote Refinery,

May 25, 2023

Business·News

African Digital Banking Report- 5 Key Findings In 153 Banks Across 33 Countries

African Banker magazine and Backbase have partnered for the third consecutive year to present a comprehensive benchmark of Africa’s digital banking revolution. The core of this year’s report contains insights from over 153 banks across 33 countries in Africa. Against an adverse

May 25, 2023

25 Visa-Free, Visa-On-Arrival Countries For Nigerians

Business

Top 10 Travel Agencies In Abuja

Are you seeking pleasure, business, work-life or education in a foreign land? Where in the world is your preferred destination? Whatever your desire is, Abuja travel agencies can get it done. Prime Business Africa has collated 10 travel agencies in Abuja that

May 25, 2023

Nigeria's GDP Growth Hit 2.51% In Second Quarter 2023 - NBS Reports

Business

Nigeria’s GDP Underperforms, Economic Growth Falls To 2.31% In Q1

Nigeria’s Gross Domestic Product (GDP) grew by 2.31 per cent in the first quarter (Q1) of 2023 but underperforms when compared to previous quarters. In its ‘Nigerian Gross Domestic Product Report Q1 2023’ released on Wednesday, the National Bureau of Statistics reported

May 24, 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 498

Nigerian Stock Market Valuation Rises By N578.89bn To N97.77trn

Nigerian Banks’ USSD Debt To MTN, Airtel, Other Network Providers Hit N120 billion

FG To Suspend Paris Club Debt Deductions From States’ Accounts

Stock Market Investors Lose N57.71 billion To Selloffs In Conoil, Unilever, Others

African brands slip to 14% of the Top 100 most admired brands in Africa as non-African brands entrench their position in the continent.

Black Market Dollar Rate Rises, Naira Gains Against USD In Official Market

At Sapphire 2023, SAP’s vision for future-proofed business in the age of AI comes to life

Reasons Ogun State Lost $18.5 billion Dangote Refinery To Lagos State

African Digital Banking Report- 5 Key Findings In 153 Banks Across 33 Countries

Top 10 Travel Agencies In Abuja

Nigeria’s GDP Underperforms, Economic Growth Falls To 2.31% In Q1

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

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Nigerian Stock Market Valuation Rises By N578.89bn To N97.77trn

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

Dollar Trades Flat In Black Market, Appreciates In Official Window

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

Nigerian Stock Market Valuation Rises By N578.89bn To N97.77trn

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Business - Page 498

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