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Business - Page 618

First HoldCo, Lasaco Add N244.61bn To Nigerian Stock Market

The Nigerian Exchange Limited (NGX) said the market capitalisation for the stock market increased to N95.52 trillion on Wednesday, December 17, from the N95.28 trillion posted on Tuesday, December 16, representing a N244.61 billion gain. About 383.71 basis points were added to

December 17, 2025

Business·World News

Twitter Market Valuation Rises, As Elon Musk’s Ready To Buy Firm At Agreed Price

Twitter share skyrocket by 22.09 per cent on Tuesday after news broke that the world’s richest man, Elon Musk, has reportedly agreed to acquire the social networking site for $44 billion. Trading activities around Twitter stock showed investors confidence was high towards

October 4, 2022

Nigerians Groan As NNPCL Again Increases Pump Price of Petrol

Business·Oil & Gas

Mele Kyari Reacts, As NNPC Limited Records N674 billion Profit In 12 Months

Over N674 billion has been declared as profit after tax for 2021 by the Nigerian National Petroleum Corporation (NNPC) Limited, which recently acquired Oando retail business, OVH Energy Marketing. The net profit rose by 134.8 per cent year-on-year growth from N287 billion

October 4, 2022

Mark Zuckerberg Reveals What Being Meta CEO Feels Like

Business

Mark Zuckerberg Makes N437 billion, As Meta Investors Ignore Nigerian Gov’t Lawsuit

Mark Zuckerberg’s wealth grew on Tuesday by 2.08 per cent amid a faceoff between his company, Meta Platforms and the Nigerian government over unapproved advertisements targeting Nigerian audience. Zuckerberg’s networth rose to $51.2 billion after making over N437 billion ($1 billion) during

October 4, 2022

AMA News·Business

4 Reasons Why SMEs Are Taking To The Cloud

NAIROBI: In the midst of a period of ongoing disruption, SMEs are increasingly turning to the cloud to help evolve their business models, achieve greater efficiency, and drive innovation. According to Jade Michael, Head of Public Cloud at SAP Africa, the impact

October 4, 2022

CBN Places Service Restriction On PoS Agents Across Nigeria

Business·Top Stories

CBN Deducts N838.8 billion Depositors’ Funds From GTBank, Zenith, First Bank, 12 Others

Over N838.82 billion of depositors funds in Zenith Bank, Guaranty Trust Bank (GTBank), First Bank of Nigeria (FBN) and 12 others were debited by the Central Bank of Nigeria (CBN). The CBN withdrew the funds from 15 banks as its Cash Reserve

October 4, 2022

AMA News·Business

How WorldRemit’s ‘Teacher Appreciation Month” In Ghana Impacts Teachers, Learners

By Gbenga Okejimi, Country Manager, Nigeria and Ghana, WorldRemit ACCRA, Ghana, 4 October, 2022,-/African Media Agency (AMA)/- Teachers sit at the heart of the global education system as they bring the knowledge in textbooks to life through their lessons. The lessons they provide

October 4, 2022

Business·World News

Kim Kardashian Loses $1.26 million Over Cryptocurrency Scam

The United States Securities and Exchange Commission (SEC) has fined Reality TV star, Kim Kardashian, for partaking in a cryptocurrency promotion which was later described as a “pump and dump” scheme. Kardashian was fined $1.26 million in penalties after promoting EMAX crypto

October 4, 2022

Naira Opens Week With Gain Across FX Markets

Business·Currency

Dollar To Naira Exchange Rate: Dollar Rate Falls In Black Market After Independence Day

August 4, 2022 Dollar Rates Update: The cost of buying the United States dollar was down on Tuesday in the black market after the Independence Day holiday on Monday, but the scarcity of the American currency continues to fuel the value above

October 4, 2022

AMA News·Business

Fintechs, Investors and Regulators Gather in Cape Town for the 8th Edition of Africa Fintech Summit

WASHINGTON DC, United States of America, 4 October 2022, /African Media Agency/- Fintech stakeholders from across Africa and the world will converge in Cape Town, South Africa, for the 8th Africa Fintech Summit, from November 2-4, 2022. The prestigious conference billed as

October 4, 2022

Femi Otedola Issues New Statement After Reports Of Transcorp Plc Acquisition

Business·News

Femi Otedola’s Geregu Power Plant To Go Public At N100 Per Share

Femi Otedola is reportedly set to list his electricity generation company, Geregu Power Plc, on the Nigerian Exchange (NGX), to allow the public become part owners by buying the company’s shares. Otedola had acquired Geregu Power Plant after the Federal Government during

October 3, 2022

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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

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

The UK Labour government has expanded its existing sugar tax

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Business - Page 618

First HoldCo, Lasaco Add N244.61bn To Nigerian Stock Market

Mele Kyari Reacts, As NNPC Limited Records N674 billion Profit In 12 Months

Mark Zuckerberg Makes N437 billion, As Meta Investors Ignore Nigerian Gov’t Lawsuit

CBN Deducts N838.8 billion Depositors’ Funds From GTBank, Zenith, First Bank, 12 Others

How WorldRemit’s ‘Teacher Appreciation Month” In Ghana Impacts Teachers, Learners

Kim Kardashian Loses $1.26 million Over Cryptocurrency Scam

Dollar To Naira Exchange Rate: Dollar Rate Falls In Black Market After Independence Day

Fintechs, Investors and Regulators Gather in Cape Town for the 8th Edition of Africa Fintech Summit

Femi Otedola’s Geregu Power Plant To Go Public At N100 Per Share

Featured Stories

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

Rep Raises the Alarm Over Mismatched Gazetted Tax Reform Laws

Airplane Crashes at Owerri Airport – Four Injured, No Fatalities

Air Peace Ushers in Third Embraer 190, Reinforcing Capacity and Additional Festive Connectivity

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Court Order Stops Police From Resuming Tinted Glass Permit Enforcement Nationwide

NOM Demands Immediate Suspension of Tinubu’s New Tax Law, Warns of Worsening Hardship

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

Nigeria Secures Release of Military Aircraft, Crew Following Tuggar’s Burkina Faso Mission

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

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

SEC Orders Full Registration of Tradable Instruments by January 2026

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

Court Order Stops Police From Resuming Tinted Glass Permit Enforcement Nationwide

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