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Business - Page 632

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·Finance & Economy·News

Q2: Nigeria Generates N600bn From VAT

The National Bureau of Statistics (NBS), has reported that Nigeria generated N600.15 billion as value-added tax (VAT) in the second quarter of 2022. The NBS said this in its latest sectoral distribution of value-added tax for Q2 2022, over the weekend.

September 5, 2022

Buhari Mourns Isaac Sagay, Former Nigeria’s Ambassador To The Holy See

Business

Reason Buhari Increased Tour Allowance Of Ministers, PermSec, Civil Servants By N50,000

Nigeria’s cost of governance is set to skyrocket, as the duty tour allowances (DTAs) for Ministers, Permanent Secretaries and Civil Servants on grade level one to 17 has been increased by President Muhammadu Buhari due to soaring inflation. Last month, President Buhari

September 4, 2022

Business·Markets

Stock Roundup: Sterling Bank, Fidelity Top Equities, As Investors Trade N12.92 billion Nigerian Stocks

Market report from the Nigerian Exchange Limited (NGX) disclosed that over 1.195 billion shares exchanged investors hands in 19,305 deals, worth N12.924 billion, this week. Investors increased their investment on the exchange floor when compared with the 914.443 million shares, valued at N15.263

September 3, 2022

Business·Markets

Over N90 billion Made By Nigerian Stock Investors, Amid Gains In FCMB, Stanbic IBTC

Investors pocket over N90 billion following 0.3% appreciation in market capitalisation, which rose from N26.90 trillion to N26.99 trillion. The All-Share Index jumped to 50,045.83 ASI after gaining 156.03 basis points, having closed Thursday with 49,889.8 ASI. Investors exchanged 240.02 million shares,

September 2, 2022

Business

DMO DG, Patience Oniha, Tackles FG’s Budget Deficit, Ask NASS To Scrutinise It

In a bid to reduce the debt profile of Nigeria, the Director-General of the Debt Management Office (DMO), Patience Oniha, has urged the National Assembly to scrutinise the budget of the Federal Government. Oniha said the federal government has been running a deficit

September 2, 2022

AMA News·Business

Channel to success: how partners drive digital transformation

by Tracy Bolton, Chief Operating Officer at SAP Africa by Tracy Bolton, Chief Operating Officer at SAP Africa JOHANNESBURG, South Africa, 1 September 2022 -/African Media Agency(AMA)/- It’s true that the only constant is change. And in our modern post-pandemic economy, the rate of

September 2, 2022

AMA News·Business

WorldRemit partners with Hello Paisa to ease money transfers to Zimbabwe

WorldRemit launches partnership with Hello Paisa in Zimbabwe to provide international money transfer service WorldRemit customers are now able to collect guaranteed US Dollars in the form of cash pickup at over 120 Hello Paisa branches across Zimbabwe, making it easy for

September 2, 2022

AMA News·Business

WorldRemit’s Fintech is Transforming Lives in Rural Cameroon

By Imane Charioui, Director of Francophone Africa, WorldRemit DOUALA, Cameroon, 2nd September, 2022,-/African Media Agency (AMA)/- According to government data, approximately one in five Cameroonians live abroad1, from where they regularly send money to their families back home for daily upkeep, education and development. With

September 2, 2022

Business·News

Finally, Microsoft Appoints Kunle Awosika As MD, Africa Transformation Office

Microsoft’s Nigerian-born executive, Kunle Awosika, has finally been appointed as the Managing Director of its Africa Transformation Office (ATO). Awosika has held various positions at Microsoft, including being one of the three pioneer team members when Microsoft opened its office in Nigeria.

September 2, 2022

Africa·Business·News

Flutterwave Bags CBN’s Highest Payments Processing License

Popular financial technology company, Flutterwave, has secured Nigeria’s highest payments processing license from Central Bank of Nigeria (CBN). The latest licence known as a Switching and Processing License is widely regarded as CBN’s most valuable payments processing license. This license shall

September 2, 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 632

Exchange Rates For Dollar Increase Across Parallel, Official Markets

Q2: Nigeria Generates N600bn From VAT

Reason Buhari Increased Tour Allowance Of Ministers, PermSec, Civil Servants By N50,000

Stock Roundup: Sterling Bank, Fidelity Top Equities, As Investors Trade N12.92 billion Nigerian Stocks

Over N90 billion Made By Nigerian Stock Investors, Amid Gains In FCMB, Stanbic IBTC

DMO DG, Patience Oniha, Tackles FG’s Budget Deficit, Ask NASS To Scrutinise It

Channel to success: how partners drive digital transformation

WorldRemit partners with Hello Paisa to ease money transfers to Zimbabwe

WorldRemit’s Fintech is Transforming Lives in Rural Cameroon

Finally, Microsoft Appoints Kunle Awosika As MD, Africa Transformation Office

Flutterwave Bags CBN’s Highest Payments Processing License

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Exchange Rates For Dollar Increase Across Parallel, Official Markets

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SEC Orders Full Registration of Tradable Instruments by January 2026

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