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Latest News in Nigeria - Page 58

The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

Nigeria’s Equity Market Rises By 0.26% As Haldane McCall Gains Momentum Post-Listing

Positive Streak for Equity Market The Nigerian equity market experienced a notable boost this week as the All-Share Index (ASI) rose by 0.26% on Wednesday. This marks the third consecutive session of gains, propelled by significant activity in the stocks of Lafarge

November 21, 2024

Private Capital Investment Drives Equity Rise To $2.27bn In Africa's Q3 Markets

Business·Markets·News

Private Capital Investment In Africa Drives Equity To $2.27bn In Q3

Equity Takes the Lead in Private Capital Investment Private capital investment in Africa reached $2.27 billion in the third quarter of 2024, with equity-based transactions dominating the market. A report from Stears, a data-driven African-focused platform, revealed that out of 73 private

November 20, 2024

FG, States, LGAs Shares N1.411trn Revenue In October, FAAC Reveals

Business·News

FAAC Shares N1.411trn October Revenue To FG, States, LGs

FAAC Meeting Highlights Revenue Disbursement The Federation Accounts Allocation Committee (FAAC) has announced the sharing of a total revenue of N1.411 trillion among federal, state, and local government councils for October 2024. The allocation was revealed during the November FAAC meeting held

November 20, 2024

Illegal Refineries: Nigerian Navy Destroys 23 Sites, Recovers Stolen Crude

Business·News·Oil & Gas

Nigerian Navy Intensifies Fight Against Illegal Refineries, Destroys 23 Sites

Navy Intensifies Fight Against Illegal Refineries The Nigerian Navy has escalated its battle against illegal refineries, uncovering and destroying 23 sites in October alone. This effort, part of Operation DELTA SANITY, has led to significant recoveries, including large quantities of stolen crude

November 20, 2024

Dangote Refinery To Start Processing Only Nigerian Oil By Year End

Business·News·Oil & Gas

Dangote Refinery Begins Petrol Export To Togo, Other West African Countries

A New Era for Regional Fuel Markets In a significant development for West Africa’s energy sector, the Dangote Refinery has officially started exporting petrol to neighbouring Togo. This marks the beginning of what could be a game-changing shift in regional fuel markets.

November 20, 2024

Business·News·Top Stories·World News

Inflation In Canada Rise To 2% As Pressures May Delay Interest Rate Cuts

Inflation Hits 2%, Exceeding Forecasts Canada’s inflation rate increased to 2% in October, up from 1.6% in September, according to Statistics Canada. This marks the first acceleration in five months, surprising economists who had predicted a rise of 1.9%. On a monthly

November 19, 2024

NCAA Cracks Down on Airlines As Passenger Luggage Delay To Attract $170, N10,000 Fines

Business·News·Top Stories

NCAA Cracks Down On Airlines, Passenger Luggage Delay To Attract $170, N10,000 Fines

NCAA Vows to Protect Passengers’ Rights The Nigeria Civil Aviation Authority (NCAA) has announced stringent measures to address the persistent issue of delayed passengers’ luggage. The agency warned that erring airlines would face fines of $170 for international flights and ₦10,000 for

November 19, 2024

NNPC Promises Completion Of Port Harcourt Refinery Soon Amid Senate Concerns

Business·News·Oil & Gas

NNPC Admits Challenges Delaying Port Harcourt Refinery Takeoff, Promises Completion Soon

Port Harcourt Refinery Rehabilitation Hits Snags The Nigerian National Petroleum Company (NNPC) Limited has disclosed reasons for the delay in completing the Port Harcourt Refinery’s rehabilitation, two months after missing its September deadline. The NNPC stated that unforeseen technical challenges in the

November 19, 2024

NGX Set To Lose N60bn As MRS Oil Nigeria Plc Plans To Delist Shares

Business·Markets·News

Nigeria’s Stock Market Records Gains Amid FGN Bond Auction Focus

Equities Climb Slightly as Investors Eye Bond Results The Nigerian stock market experienced a modest gain on Monday, with the All-Share Index (ASI) rising by 0.02% as investors turned their attention to the Federal Government of Nigeria (FGN) bond auction. The market

November 19, 2024

Business·News

Inflation Puts Nigerian Startups Founders Under Pressure, Report Reveals

Inflation and Its Impact on Founders A new report by Flourish Ventures highlights that 66% of Nigerian startup founders cite inflation as their biggest challenge. With Nigeria’s inflation rate climbing to 33.88% in October 2024—up from 32.70% in September—entrepreneurs are struggling to

November 18, 2024

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Latest News in Nigeria - Page 58

Nigeria’s Equity Market Rises By 0.26% As Haldane McCall Gains Momentum Post-Listing

Private Capital Investment In Africa Drives Equity To $2.27bn In Q3

FAAC Shares N1.411trn October Revenue To FG, States, LGs

Nigerian Navy Intensifies Fight Against Illegal Refineries, Destroys 23 Sites

Dangote Refinery Begins Petrol Export To Togo, Other West African Countries

Inflation In Canada Rise To 2% As Pressures May Delay Interest Rate Cuts

NCAA Cracks Down On Airlines, Passenger Luggage Delay To Attract $170, N10,000 Fines

NNPC Admits Challenges Delaying Port Harcourt Refinery Takeoff, Promises Completion Soon

Nigeria’s Stock Market Records Gains Amid FGN Bond Auction Focus

Inflation Puts Nigerian Startups Founders Under Pressure, Report Reveals

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