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Business - Page 631

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

AMA News·Business

Bybit Launchpad 2.0 to Diamond Launch Coin (DLC) IEO

SINGAPORE, 6 September 2022 -/African Media Agency(AMA)/- Bybit, one of the world’s fastest-growing crypto exchanges, will list DLC, the utility token of Diamond Launch, on Bybit Launchpad 2.0. Diamond Launch is an initial digital asset offering (IDO) protocol and a multi-chain IDO distribution platform. To provide

September 6, 2022

AMA News·Business

Ghana: How do Exchange Rates Work And How To Get The Best One

Transferring money abroad and exchanging currency has become a common practice among many living in Ghana. But even those who transfer money abroad regularly might find it hard to understand how the exchange rate works Exchange rates are crucial in impacting the

September 6, 2022

Pantami Receives Death Threat Over NIN-SIM Linkage

Business

Pres. Buhari Backs Isa Pantami, Drops Excise Duty On Telecommunications Service

The proposed excise duty on telecommunication services has been suspended by the Federal Government after protest from the Minister of communications and digital economy, Isa Pantami. In August, the federal government had imposed five per cent excise duty on telecommunications services, but

September 6, 2022

World Bank To Invest $750 million In Nigeria’s Rural Electrification Project

Business

EFCC’s Harassment Of Electricity Union Leaders Threaten Another Nationwide Strike

Another strike looms in the electricity industry, as agencies of the Federal Government are said to be harassing the leaders of the unions in the sector after halting their nationwide strike two weeks ago. The agencies, including anti-graft body, Economic and Financial

September 6, 2022

Russia Removes Taliban From Terrorist List In Major Diplomatic Shift

Business·World News

EU To Retaliate Russia’s Gas Cut, Accuses Putin Of Weaponising Gas

The European Union has threatened to react to Russia’s decision to cut gas supply, after one of the largest exporters in Vladimir Putin’s country, Gazprom, said it needs to conduct additional repairs on its pipeline. On Friday September 2, 2022, Gazprom had

September 6, 2022

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

Business

Nigeria Leads UK, UAE In Top Four List Of Countries Obsessed With Cryptocurrency

Nigeria has been ranked ahead of United Kingdom and United Arab Emirates (UAE) on the top four list of countries most interested in cryptocurrency since it crashed in April 2022. In a research by cryptoasset price tracker, CoinGecko, Google Trends data showed

September 5, 2022

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

Business·Markets

Nigerian Stock Investors Lose N30 billion

Nigerian stock investors lost over N30 billion as the Nigerian Stock Exchange fell by -0.1 percent in market capitalisation that dropped to N26.96 trillion from N26.99 trillion. It was dragged down by the All-Share Index which fell by 54.42 basis points, down to

September 5, 2022

Fear Of Price Hike Forces NNPC To Increase Supply To Oil Marketers

Business·Oil & Gas

Petrol To Sell For N462 Per Litre, NNPC Reveals

The cost of petrol could rise to N462 per litre without subsidy, the Group General Manager, Group Public Affairs Division, Nigerian National Petroleum Company (NNPC) Limited, Garba Muhammad, revealed. Currently, the federal government pays N297 per litre for 68 million litres of

September 5, 2022

Aviation Workers To Shutdown Airport Operation For Two Days, Reveal Reasons

Business

Nigerian Traveller To Sue FAAN After ‘Near-death Experience’ In Murtala Airport

A faulty escalator at the Murtala Muhammed international airport in Lagos will result to a lawsuit against the Federal Airports Authority of Nigeria (FAAN) after a Nigerian traveller simply identified as Elvi experienced a “near-death experience”. Elvi, in a statement on Twitter

September 5, 2022

Borrow To Invest In Regenerative Devt Projects – Obi Advises FG

Business

Peter Obi To End CBN’s Fixed Foreign Exchange Rates, Reveals Plan For Startups

The Central Bank of Nigeria (CBN) fixed foreign exchange (forex) rates could end next year, as Presidential candidate of the Labour Party, Peter Obi, said the controlled price must be stopped, arguing that it doesn’t reflect reality. Obi said the fixed forex

September 5, 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 631

Exchange Rates For Dollar Increase Across Parallel, Official Markets

Bybit Launchpad 2.0 to Diamond Launch Coin (DLC) IEO

Ghana: How do Exchange Rates Work And How To Get The Best One

Pres. Buhari Backs Isa Pantami, Drops Excise Duty On Telecommunications Service

EFCC’s Harassment Of Electricity Union Leaders Threaten Another Nationwide Strike

EU To Retaliate Russia’s Gas Cut, Accuses Putin Of Weaponising Gas

Nigeria Leads UK, UAE In Top Four List Of Countries Obsessed With Cryptocurrency

Nigerian Stock Investors Lose N30 billion

Petrol To Sell For N462 Per Litre, NNPC Reveals

Nigerian Traveller To Sue FAAN After ‘Near-death Experience’ In Murtala Airport

Peter Obi To End CBN’s Fixed Foreign Exchange Rates, Reveals Plan For Startups

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