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Markets - Page 94

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as a “reckless and serious threat” issued by U.S. President Trump, accusing him of violating international law, free trade, and freedom of navigation, Prime Business Africa reports. In an official statement released on

December 17, 2025

Customs FX Rate For Import Duties Higher than Official Rate, Rises To N1,330/$1

Business·Markets·News

Customs Pegs FX Rate For Import Duty At N1,330/$1, Higher than Official Rate

The Nigerian naira is flexing its muscle against the U.S. dollar, prompting revisions in customs import duty FX rates. Yesterday, the customs exchange rate for cargo clearance peaked at N1,330.36 per USD, overshadowing the official market rate of N1,278 per USD and

April 3, 2024

Nigeria's Crude Oil Production Decline Costs Country N720bn In Revenue In 2 Months

Business·Markets·News·Oil & Gas

Nigerian Crude Oil Trades At $92 Per Barrel, $14 Higher Than FG Budget Benchmark Amid Global Supply Concerns

Nigerian crude oil continues to hold its premium status in the global market, trading higher than the Federal Government’s budget benchmark as investors remain wary of supply disruptions. With recent attacks on Russian refineries by Ukraine and escalating tensions in the Middle

April 3, 2024

NGX: Investors Gain N313bn As ASI Rebound By 0.70%

Business·Markets·News

Nigerian Exchange Market: Investors Gain N18trn In Q1 2024

The Nigerian Exchange Market experienced a surge in the first quarter of 2024, recording gains for investors and surpassing significant milestones. The market’s bullish trend, which began in 2023, continued into 2024, propelling the All-Share Index (ASI) to new heights and indicating

April 3, 2024

Forex Crisis: CBN Sells $122.67m To 46 Authorised BDC Operators

Business·Markets·News

Naira Appreciates To N1,278/$1 In Parallel Market As CBN Policies Pay Off

The Nigerian currency, Naira, has kicked off the month of April on a strong note, with a significant appreciation against the United States dollar. The latest data from FMDQ Securities indicates that the Naira closed at N1,278.58 against the dollar, marking an

April 3, 2024

Markets·News·World News

Bitcoin Miners Strike Gold With $2bn Revenue In March

Bitcoin miners struck proverbial gold in March, raking in over $2 billion in block rewards and transaction fees, marking a milestone in the cryptocurrency’s history. This figure eclipses the previous record set in May 2021, which stood at $1.74 billion. “March was

April 2, 2024

NGX ASI Further Drops By 0.67%, As BUA Cement, Eterna Among Top Losers

Business·Markets·News

NGX: ASeM Index Soars 135.25%, Emerges Best-performing Index In Q1’2024

The Nigerian Exchange Limited (NGX) witnessed a surge in its Alternative Securities Market (ASeM) Index, marking a historic rise of 135.25% during the first quarter of 2024. Despite prevailing economic challenges, investor confidence remained steadfast, driving heightened market activity and substantial buying

April 2, 2024

The Cash Conundrum: How The Escalating Cash In Circulation Is Impacting Nigeria's Inflation

Business·Markets·News

Naira’s Recovery Spurs Price Drop, Boosts Confidence, Says BDCs

The president of the Association of Bureaux de Change Operators of Nigeria, Aminu Gwadebe, has emphasized the positive impact of the naira’s recovery on the prices of goods and services in the country. Speaking on Saturday, Gwadebe lauded the decision of the

April 2, 2024

NGX stock market. Photo credit: TheCable

Business·Markets·News

Nigeria Stock Market Offers One Of Africa’s Best Returns At 39.84% Despite Economic Challenges

In the first quarter of 2024, the Nigeria stock market witnessed an surge, offering investors a 39.84 percent year-to-date gain. Despite facing hurdles like rising insecurity and double-digit inflation rates, the market showcased resilience, outperforming many other exchanges across the continent of

April 1, 2024

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

Business·Markets·News

Naira Strengthens To N1,309/$1 As CBN Boosts Dollar Supply By $2.5bn

In a move to stabilize the foreign exchange market, the Central Bank of Nigeria (CBN) and other banking institutions have injected $2.5 billion, leading to a strengthening of the naira against the United States dollar. The naira closed at N1,309 against the

April 1, 2024

How Nigeria’s External Reserves Rose By 5.6% To $38.8bn In 2024 — CBN

Business·Finance & Economy·Markets·News

CBN Reports Inflow Of $1.5bn As Naira Appreciation Signals Positive Monetary Policy Impact

The Central Bank of Nigeria (CBN) has announced an inflow of over $1.5 billion into the economy, signaling positive outcomes from its monetary policy efforts. Mrs. Sidi Ali, the acting Director of the Corporate Communications Department at CBN, stated that these inflows

March 29, 2024

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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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Markets - Page 94

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

Customs Pegs FX Rate For Import Duty At N1,330/$1, Higher than Official Rate

Nigerian Crude Oil Trades At $92 Per Barrel, $14 Higher Than FG Budget Benchmark Amid Global Supply Concerns

Nigerian Exchange Market: Investors Gain N18trn In Q1 2024

Naira Appreciates To N1,278/$1 In Parallel Market As CBN Policies Pay Off

Bitcoin Miners Strike Gold With $2bn Revenue In March

NGX: ASeM Index Soars 135.25%, Emerges Best-performing Index In Q1’2024

Naira’s Recovery Spurs Price Drop, Boosts Confidence, Says BDCs

Nigeria Stock Market Offers One Of Africa’s Best Returns At 39.84% Despite Economic Challenges

Naira Strengthens To N1,309/$1 As CBN Boosts Dollar Supply By $2.5bn

CBN Reports Inflow Of $1.5bn As Naira Appreciation Signals Positive Monetary Policy Impact

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UK Targets Sugary Milk Drinks as Government Tightens Health Levy

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