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Business - Page 582

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Exchange Rates For Dollar Increase Across Parallel, Official Markets

In the black market on Thursday, December 18, the naira depreciated against the United States dollar (USD) by 0.13 percent to N1,489.01/$1, from the N1,487.01/$1 reported on Wednesday, December 17. According to Naira Rates data, while the foreign exchange (FX) rate for

December 18, 2025

Business·News·Sports

Liverpool Agree Deal For PSV Forward Gakpo

Liverpool on Wednesday announced the signing of Dutch winger of Togolese descent, Cody Gakpo, from PSV Eindhoven after the youngster completed his medical and agreed personal terms.

December 28, 2022

Africa·Business

7 Major Ports Powering Economies In Africa

With Africa as a developing continent, port activities, no doubt, play critical role in stimulating economic growth. Ports, apart from contributing to economic development within the continent, also serve as strategic routes for global trade. The United Nations Conference on Trade and

December 28, 2022

NGX: Investors Gain N313bn As ASI Rebound By 0.70%

Business·Markets

Investors Pocket N124.46 billion After One Day Stock Trading

On Wednesday, the Nigerian bourse appreciated by 0.4 per cent, adding N124.46 billion to stock investors’ vault. The gain was recorded on return from Christmas break and public holiday of Monday and Tuesday. Following the gain, the market capitalisation increased to N27.19

December 28, 2022

Business·News·Sports

Transfer Update: Arsenal’s €60m Mudryk Offer Turned Down, Chelsea Eye 2022 World Cup Winner

Ukrainian top side, Shakhtar Donetsk, have confirmed to English Premier League leaders Arsenal that they will not accept their opening official bid for Mykailo Mudryk worth €40m + €20m

December 28, 2022

BDC Operators' Pound Rate Causing Gains, Loses For Nigerians

Business·Currency

Black Market’s Pound Rate Causing Gains, Loses For Nigerians

On Wednesday, the pound extended its value closer to N1000 exchange rate in the Bureau De Change window of the black market, selling above the dollar rate. Prime Business Africa was told by Bureau De Change operators that they sold one pound

December 28, 2022

Naira Opens Week With Gain Across FX Markets

Business·Currency

BDC Operators Offer To Buy Dollar At N730 To Entice Official Market Traders

The exchange rate between the dollar and naira continues to sell above N700 in the black market, as demands for foreign exchange switched to the parallel market due to the Christmas holiday in the official market. Amid the yuletide period, the black

December 28, 2022

Business·News

FG To Increase Workers’ Salary 2 Months To Presidential Election

Two months to Nigeria’s Presidential election scheduled for February 25, 2023, Minister of Labour and Employment, Chris Ngige, has disclosed that workers’ salary will be increased. The rise in cost of living has compelled the Federal Government to review workers’ salary after

December 28, 2022

Business

Nigerian Airline Operators Risk 2-year Imprisonment, N5 million Fine Over Ticket Charge

The Nigeria Civil Aviation Authority (NCAA) has introduced a new Civil Aviation Act (CAA) 2022 to tackle debt owed by domestic airlines to federal agencies. Nigerian aviation authorities have been complaining of the failure of airline operators in remitting the mandatory five

December 28, 2022

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

Business·Currency

Dollar Goes For N740 In Black Market, Maintains N200 Above Official Forex Rate

As Nigerians celebrate the yuletide period, the dollar rate remains at a premium in the black market, as the naira exchanged at N740/$1 on Tuesday. The exchange rate between the naira and the dollar in the parallel market maintains more than N200

December 27, 2022

Business·Insights

Fidson Leads Top Five Largest Drug Makers In Nigeria

The Nigerian pharmaceutical market generated over N65.36 billion between January and September 2022 based on the financials of the six largest drug makers operating in the country. Prime Business Africa gathered Pharma Deko, Fidson Healthcare, Glaxo Smithkline, Neimeth, Morison, and May &

December 27, 2022

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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

SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

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Business - Page 582

Exchange Rates For Dollar Increase Across Parallel, Official Markets

Liverpool Agree Deal For PSV Forward Gakpo

7 Major Ports Powering Economies In Africa

Investors Pocket N124.46 billion After One Day Stock Trading

Transfer Update: Arsenal’s €60m Mudryk Offer Turned Down, Chelsea Eye 2022 World Cup Winner

Black Market’s Pound Rate Causing Gains, Loses For Nigerians

BDC Operators Offer To Buy Dollar At N730 To Entice Official Market Traders

FG To Increase Workers’ Salary 2 Months To Presidential Election

Nigerian Airline Operators Risk 2-year Imprisonment, N5 million Fine Over Ticket Charge

Dollar Goes For N740 In Black Market, Maintains N200 Above Official Forex Rate

Fidson Leads Top Five Largest Drug Makers In Nigeria

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