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Business - Page 524

Stock Market Rally Halted As Demand For Ecobank, PZ Cussons Shares Dropped

ALEX Leads NGX Gainers’ List, Guinea Insurance Among Losers

At the end of trading in the Nigerian stock market on Monday, December 22, the capitalisation of the Nigerian Exchange (NGX) Limited closed at N97.19 trillion. Also, the all-share index (ASI) of the NGX stood at 152,459.07 ASI. Equity traders exchanged 451,52

December 22, 2025

Business

Chinmark CEO, Ijiomah Chinedu, Declared Wanted Over N480 million Investment Fraud

The Chief Executive Officer of Chinmark Group, Ijiomah Marksman Chinedu, has been declared wanted by the Nigerian Police amid alleged involvement in N480 million investment fraud. Chinedu was said to have promoted some investment opportunities with the promise of fixed interest for

April 12, 2023

Naira Opens Week With Gain Across FX Markets

Business·Currency

Exchange Rate Falls In Official Market, As Dollar Loses Value

The Naira appreciated in value on Tuesday, 11 April 2023, as the cost of buying a Dollar in the official foreign exchange market fell by N0.35 kobo. According to FMDQ Exchange data, the Naira appreciated by 0.07 per cent to close at

April 12, 2023

World Bank Stops Loan Disbursement To Uganda Over Anti-Homosexuality Law

Business

World Bank Suggests Suspension Of Debt Service Payment For Nigeria, Others

The President of the World Bank, David Malpass, has proffered solutions to the piling debt of Nigeria and other developing countries. Malpass said the World Bank is proposing the suspension of debt-service payments by developing nations at some point, to enable the

April 12, 2023

Business

IMF, US Disagree Over Global Recession Induced By Financial Crisis

The International Monetary Fund (IMF) has stated that the financial crisis in the global banking sector is increasing the possibility of global recession, but the US says otherwise on Tuesday, 11 April 2023. Although the IMF said the possibility of a recession

April 12, 2023

AMA News·Business

Join the Reveal of Africa.com’s 2023 Definitive List of Women CEOs on Free Webinar April 19th

JOHANNESBURG, South Africa, 11 April , 2023 -/African Media Agency(AMA)/- On April 19, 2023, to mark the evolution of Africa.com’s Definitive List of Women CEOs, sponsored by Standard Bank Group, Africa.com will host a webinar with free registration. In addition to revealing

April 11, 2023

Business·Insights

Bank Investors Earn N248.68 billion Amid Naira Scarcity Caused By CBN’s Policy

The Nigerian banking sector exited the Naira scarcity period unblemished judging by the value of equity investment netted by their shareholders in the first quarter (Q1) of 2023. Prime Business Africa’s analysis of the stock market in the first three months of

April 11, 2023

Business

Dollar Scarcity Crippling Airline Business In Nigeria, Expert Reveals Solution

Dollar scarcity in Nigeria is crippling airline business within the country, the Deputy Managing Director of an aircraft serviceability firm, 7Star Global Group, Air Commodore Simon Okwuokei (retd), has revealed. In a report on Tuesday, Okwuokei said that domestic airline operators are

April 11, 2023

Africa·Business·Finance & Economy

Africa’s ‘Big 5’ Wealth Markets For Billionaires

South Africa, Egypt, Nigeria, Kenya, and Morocco are the ‘Big 5’ wealth markets in Africa. Together, they account for some significant 56% of Africa’s high-net-worth individuals. In that order, they constitute well over 90% of the continent’s billionaires. SOUTH AFRICA South Africa

April 11, 2023

IMF Asks Nigeria, Others To Charge VAT, Capital Gains Tax On Crypto Assets

Business

Scammers, Hackers, Steal $452 million From Crypto Investors

Over $452 million was lost in the first quarter (Q1) of 2023 in the cryptocurrency market, as hackers and scammers take advantage of unsuspecting investors. Although this is 65.23 per cent lower than the $1.3 billion lost by cryptocurrency investors during the

April 11, 2023

Nigeria’s Pension Fund Assets Surge To N17.658trn In October 2023

Business

Nigeria’s Total Pension Fund Up By N1.68 trillion, Gov’t Securities Take Large Chunk

The total pension fund assets increased by 12.28 per cent according to the National Pension Commission (PenCom). This represents N1.68 trillion in monetary form. According to unaudited data obtained from the National Pension Commission, the total pension fund assets closed at N15.45 trillion

April 11, 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 524

ALEX Leads NGX Gainers’ List, Guinea Insurance Among Losers

Chinmark CEO, Ijiomah Chinedu, Declared Wanted Over N480 million Investment Fraud

Exchange Rate Falls In Official Market, As Dollar Loses Value

World Bank Suggests Suspension Of Debt Service Payment For Nigeria, Others

IMF, US Disagree Over Global Recession Induced By Financial Crisis

Join the Reveal of Africa.com’s 2023 Definitive List of Women CEOs on Free Webinar April 19th

Bank Investors Earn N248.68 billion Amid Naira Scarcity Caused By CBN’s Policy

Dollar Scarcity Crippling Airline Business In Nigeria, Expert Reveals Solution

Africa’s ‘Big 5’ Wealth Markets For Billionaires

Scammers, Hackers, Steal $452 million From Crypto Investors

Nigeria’s Total Pension Fund Up By N1.68 trillion, Gov’t Securities Take Large Chunk

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ALEX Leads NGX Gainers’ List, Guinea Insurance Among Losers

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

ALEX Leads NGX Gainers’ List, Guinea Insurance Among Losers

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