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Business - Page 648

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

Buhari Pledges Support For Stability Of Chad

Business

President Buhari Approves $2.59 billion To Develop Badagry Seaport

The Federal Executive Council (FEC) has approved the sum of $2.59 billion to develop the Badagry Seaport. The trade route will be developed to reduce unemployment in Nigeria. Approval for the development of the Badagry Seaport was obtained during the Federal Executive

August 4, 2022

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

Business·Markets

Nigerian Stock Market: Investors Lose N16.75 billion In Six Hours

Nigerian bourse fell -0.06% on Wednesday, representing a loss of N16.75 billion. This dragged the market capitalisation down to N27.28 trillion from N27.30 trillion. The All-Share Index lost 31.07 basis points from the 50,626.04 ASI recorded on Tuesday, declining to 50,594.97 ASI.

August 3, 2022

AMA News·Business

World’s Largest Crypto Trading Competition Breaks Records Despite the Bear Market

Bybit’s World Series of Trading (WSOT) is the “World Cup of crypto trading” This year it featured the largest prize pool in history The crypto trading competition drew a record number of participants VICTORIA, Seychelles, 3 August 2022 -/African Media Agency(AMA)/- The WSOT, the

August 3, 2022

Business·News

Wema Bank Records 50% Gross Earnings In First Half Of 2022

Wema Bank Plc, pioneer of Africa’s first fully digital bank in Nigeria has posted a growth performance across all financial indices in the First-Half of its 2022 operations. This is contained in the Financial Results for the Period Ended 30 June, 2022

August 3, 2022

Business

Nigerian Gov’t’s N6 billion Train Revenue At Risk, As NRC Suspends Lagos-Kano Service

Train service through the Lagos-Kano and Ajaokuta routes have been suspended, casting doubt on the government’s ability to generate another N6.08 billion from passengers in 2022. The Nigeria Railway Corporation (NRC) suspended services on the Lagos-Kano railway due to rising insecurity in

August 3, 2022

Presidential Poll: Obasanjo Warns About Looming Danger, Accuses INEC Of Attempts To Subvert Will Of Nigerians

Business

Obasanjo’s Fishery Business Risks Going Bankrupt, As Former President Laments

Former President, Olusegun Obasanjo, has cried out over the rising price of diesel that has made cost of doing business in Nigeria skyrocket, and also threaten his fishery enterprise. Obasanjo said his fishery business could go bankrupt due to the price of

August 3, 2022

Editorial: Buhari’s Unclaimed Funds Trust Fund

Business·Oil & Gas

Nigerian Government Says It Hasn’t Increased Fuel Price, Blames Oil Marketers For Hike

The Minister of State for Petroleum Resources, Timipre Sylva, has blamed Nigerian oil marketers for the increase of fuel price across filling stations within the country, amid scarcity. Sylva said the government hasn’t given approval for price increase, arguing that oil marketers

August 3, 2022

PenCom Hits 25 Firms With N666.03m Fine Over Pension Default

Business

Revealed: Why Total Pension Contributions Reduced by N27.43 billion in 2021

Employees’ contributions remitted into the Retirement Savings Account (RSAs) declined by -3% last year, after the government reduced its contributions, while the private sector upped its payment. According to the 2021 annual retirement savings contributions released by the National Pension Commission (PenCom),

August 3, 2022

Business·News·Sports

Arsenal’s Leno Completes £8m Move To Fulham

Germany international goalkeeper Bernd Leno on Tuesday evening completed his £8m permanent move to Fulham from Arsenal on a four-year contract

August 2, 2022

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Black Market Dollar To Naira Exchange Rate: BDC Operators Drop Dollar Rate After Sending Message To CBN

August 2, 2022 Dollar Rate Update: Bureau De Change (BDC) operators reduced their asking price for sale of dollar on Tuesday, showing sign of rise in availability of the United States currency in the black market. At the end of business hour,

August 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 648

Exchange Rates For Dollar Increase Across Parallel, Official Markets

President Buhari Approves $2.59 billion To Develop Badagry Seaport

Nigerian Stock Market: Investors Lose N16.75 billion In Six Hours

World’s Largest Crypto Trading Competition Breaks Records Despite the Bear Market

Wema Bank Records 50% Gross Earnings In First Half Of 2022

Nigerian Gov’t’s N6 billion Train Revenue At Risk, As NRC Suspends Lagos-Kano Service

Obasanjo’s Fishery Business Risks Going Bankrupt, As Former President Laments

Nigerian Government Says It Hasn’t Increased Fuel Price, Blames Oil Marketers For Hike

Revealed: Why Total Pension Contributions Reduced by N27.43 billion in 2021

Arsenal’s Leno Completes £8m Move To Fulham

Black Market Dollar To Naira Exchange Rate: BDC Operators Drop Dollar Rate After Sending Message To CBN

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