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Latest News in Nigeria - Page 81

Naira Falls Against Dollar In Black Market As Demand Increases In FX Market

Naira Falls Amid Increased Forex Turnover To N15.74tn, Says FMDQ Report

Forex Turnover Soars as Naira Weakens The value of foreign exchange turnover in Nigeria surged to N15.74 trillion in August 2024, marking a 33.88% increase from July’s N13.23 trillion. This rise reflects intensified trading and investor activity, according to an FMDQ report.

September 26, 2024

Business·News

UNGA79: Tinubu Calls for Debt Relief, Urgent Global Action

Tinubu urges world leaders to address debt burden, hunger, and terrorism President Bola Tinubu on Tuesday made a strong case for debt forgiveness for Nigeria and other developing countries. He urged world leaders to act decisively to address global challenges, including hunger

September 25, 2024

Top 10 African Countries With the Highest Number Of U.S. Green Cards Recipients

Business·News·World News

Top 10 African Countries With The Highest Number Of U.S. Green Card Recipients

The U.S. green card programme offers permanent residency to foreign nationals, allowing them to live and work in the United States. In recent years, African countries have seen a growing number of their citizens obtaining green cards, which is a crucial pathway

September 25, 2024

Nigeria's Equity Market Declines By 1.99% in March Despite Weekly Gains

Business·Markets·News

Nigeria’s Stock Market Rises By 0.18% Despite CBN Interest Rate Hike

Nigeria’s stock market saw a 0.18% increase on Tuesday, adding N104 billion in value despite the Central Bank of Nigeria’s (CBN) recent hike in the Monetary Policy Rate (MPR). The equity market has continued to grow this week, rising 0.33%, and 2.06%

September 25, 2024

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.

Business·Markets·News

Equity Market In Nigeria Surpasses 2023 Record With N3.47trn Trade In 8 Months

Nigeria’s equity market has broken records, reaching a staggering N3.47 trillion in transactions during the first eight months of 2024, significantly surpassing the N2.41 trillion traded throughout the entirety of 2023. This growth signals increasing activity and investor confidence, especially from local

September 25, 2024

Business·News

Nigeria’s Unemployment Rate Rises To 5.3% In Q1- NBS

Nigeria’s unemployment rate has risen to 5.3% in the first quarter of 2024, according to the latest report from the National Bureau of Statistics (NBS). This is an increase from the 5.0% recorded in the third quarter of 2023. The report highlights

September 25, 2024

FEATURES·News·Politics

Winners, Losers In Edo Election After Fierce Political Battle

The just concluded Edo Election has proven to be one of the most fiercely contested in the state’s history. From the moment polling units opened, it was clear that the stakes were high. Voters across the state flocked to make their voices

September 24, 2024

Business·Markets·News

FMDQ Records N40.43trn Secondary Market Turnover In August

FMDQ Securities Exchange reported a total turnover of N40.43 trillion in August 2024, reflecting an increase in market activity. FMDQ Secondary Market Turnover Reaches N40.43trillion FMDQ Securities Exchange has reported a total secondary market turnover of N40.43 trillion in August 2024, representing

September 24, 2024

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

Business·Markets·News

Nigeria’s Equity Market Rises By 0.14% Ahead Of Monetary Policy Committee Meeting

Equity Market Sees Early Gains as Investors Await MPC Decision Nigeria’s equity market opened the week with a 0.14% increase on Monday, driven by gains in Flour Mills, Fidelity Bank, and FCMB Group. Analysts remain cautiously optimistic as the Monetary Policy Committee

September 24, 2024

Nigeria Now Leading Cement Exporter In Africa – Dangote

Business·News·Oil & Gas

Dangote Backs End Of Petrol Subsidy, Citing Economic Gains

Nigerian billionaire Aliko Dangote has expressed strong support for ending the country’s long-standing petrol subsidy. During an interview with Bloomberg TV in New York, Dangote said, “The time is right to get rid of subsidies,” emphasising that the move could significantly benefit

September 24, 2024

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Latest News in Nigeria - Page 81

Naira Falls Amid Increased Forex Turnover To N15.74tn, Says FMDQ Report

UNGA79: Tinubu Calls for Debt Relief, Urgent Global Action

Top 10 African Countries With The Highest Number Of U.S. Green Card Recipients

Nigeria’s Stock Market Rises By 0.18% Despite CBN Interest Rate Hike

Equity Market In Nigeria Surpasses 2023 Record With N3.47trn Trade In 8 Months

Nigeria’s Unemployment Rate Rises To 5.3% In Q1- NBS

Winners, Losers In Edo Election After Fierce Political Battle

FMDQ Records N40.43trn Secondary Market Turnover In August

Nigeria’s Equity Market Rises By 0.14% Ahead Of Monetary Policy Committee Meeting

Dangote Backs End Of Petrol Subsidy, Citing Economic Gains

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