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Business - Page 70

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond under the Presidential Power Sector Debt Reduction Programme, raising N590 billion to settle verified arrears owed to power generation companies and gas suppliers. The bond, guaranteed by the full faith and credit

December 21, 2025

NGX Suspends Trading In Unity Bank, Guinea Insurance, 6 Other Companies’ Shares

Business·Top Stories

Nigerian Bourse’s Valuation Up By N172.74bn As Multiverse, Neimeth Post Gains

An improvement in the share value of Multiverse, Neimeth, amongst others led to the stock market capitalisation increasing from N70.46 trillion reported on Friday, May 30, to N70.63 trillion on Monday, June 2. The bourse’s valuation grew by N172.74 billion after the

June 2, 2025

Business·Finance & Economy

LCCI Highlights Eight Things Tinubu’s Govt Must Do To Strengthen Nigeria’s Economy

As President Bola Tinubu’s administration marks its second anniversary, the Lagos Chamber of Commerce and Industry (LCCI) has recommended eight things the Federal Government must do to create a better business environment and further strengthen Nigeria’s economy. The chamber stated that while

June 2, 2025

Business·Top Stories

Dangote Sugar Struggling With Production Cost, Operating Profit Drops By 48%

Dangote Sugar recorded 74.31 per cent growth in its revenue, as the company generated N213.93 billion for the first quarter (Q1) of 2025, surpassing the N122.72 billion turnover reached in Q1 2024. The sugar producer also saw its cost of sales rising

June 2, 2025

Business·Top Stories

McNichols’ Second Majority Investor Gradually Exiting Company

ljeoma Chimaraoke, a substantial investor in MCNichols and wife of Chimaraoke Ekpe, the company’s managing director, has continued to dump the firm’s shares this year. MCNichols produces various household products, including custards, milk powder, sugars, family choco, and pancake mixes. According to

June 2, 2025

Business·Currency·Markets

Naira Vs Dollar: What To Expect This Week (2nd – 6th June 2025)

The Nigerian naira ended last week on a relatively stable note at the official segment of the foreign exchange market. It concluded the month of May with a N16.03 against the United States dollar at the official window as trading closed at

June 2, 2025

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 2nd June 2025

What is the dollar-to-naira exchange rate on the black market, like the Aboki Fx? The exchange rate for the US dollar (USD) to Nigerian naira (NGN) in the parallel market, also known as black market, as of 2nd June 2025, is N1,620

June 2, 2025

Buhari, Jonathan, Shettima Others Celebrate Tinubu At 73

Business·News

Moody’s Upgrade Of Nigeria’s Credit Rating A Vote Of Confidence In Ongoing Reforms – Tinubu

Nigeria’s President, Bola Tinubu, has described Moody’s Investors Service’s latest upgrade of the country’s long-term foreign-currency issuer rating from Caa1 to B3 as a vote of confidence in the ongoing economic reforms. According to a statement by Tinubu’s spokesman, Bayo Onanuga, Moody’s

June 2, 2025

Business·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st June 2025

June 1, 2025

Naira Falls To ₦1,530/$ At Official Market After Public Holiday

Business·Currency·Markets

Naira Maintains Relative Stability, Closes May On Positive Note

The Nigerian naira has maintained relative stability in the foreign exchange market, closing the month of May on a positive note. The local currency gained N16.03 against the United States Dollar at the official window of the foreign exchange market. According to

May 31, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 31st May 2025

May 31, 2025

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

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

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Business - Page 70

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

Nigerian Bourse’s Valuation Up By N172.74bn As Multiverse, Neimeth Post Gains

LCCI Highlights Eight Things Tinubu’s Govt Must Do To Strengthen Nigeria’s Economy

Dangote Sugar Struggling With Production Cost, Operating Profit Drops By 48%

McNichols’ Second Majority Investor Gradually Exiting Company

Naira Vs Dollar: What To Expect This Week (2nd – 6th June 2025)

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 2nd June 2025

Moody’s Upgrade Of Nigeria’s Credit Rating A Vote Of Confidence In Ongoing Reforms – Tinubu

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st June 2025

Naira Maintains Relative Stability, Closes May On Positive Note

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 31st May 2025

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