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Latest News in Nigeria - Page 86

Nigerian Economy: A Titanic Drifting Off Course Amid Policy Missteps

Is Price Control The Solution Or A New Problem For Nigeria’s Economic Crisis?

A New Economic Crisis or Relief? Nigerians are facing an ever-worsening cost-of-living crisis. From skyrocketing fuel prices to soaring food costs, the struggle to make ends meet has intensified in recent months. On August 29, Tunji Bello, the head of the Federal

September 15, 2024

Nigerian Banks Lose N42.6bn To Fraud In Q2 2024 As Experts Call For Enhanced Security

Business·News

Nigerian Banks Lose N42.6bn To Fraud In Q2, Experts Call For Enhanced Security

Nigerian Banks Face Massive Fraud Losses in 2024 In a troubling revelation, Nigerian banks lost N42.6bn to fraud and forgeries in the second quarter of 2024, surpassing the total fraud losses of 2023 by a wide margin. This sharp increase in fraudulent

September 15, 2024

Business·Markets·News

Japaul Lists 8bn Shares At N2.5k Per Share As Gold Mining Prospects Brighten

Japaul Gains SEC Approval for Special Placement Japaul Gold & Ventures Plc has announced that it secured approval from the Securities and Exchange Commission (SEC) for the Special Placement of 8 billion units of new shares at N2.50kobo. This move aims to

September 14, 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

Nigeria’s Equity Market Sees 1.06% Growth As Investors Focus On Banking, Oil Stocks

Equity Market Gains Driven by Banking and Oil Stocks Nigeria’s equity market experienced significant growth in the trading week ending on Friday, 13th September, rising by 1.06%. The increase followed three days of positive performance, which outweighed two declines. Investors’ interest in

September 14, 2024

News·Politics

Nigerian Govt Declares Public Holiday On Monday, September 16

The Federal Government has declared Monday, 16th September, as a public holiday. The announcement was made on Friday, 13th September, by Olubunmi Tunji-Ojo, the Minister of Interior, on behalf of the government. The public holiday has been declared to enable Muslims across

September 13, 2024

Business·FEATURES·News

Fuel Crisis: A Complex Challenge For Nigeria’s Energy Sector As Nigerians Demand Transparency

Fuel Crisis Sparks Frustration Across Nigeria The current fuel crisis in Nigeria, which began in July 2024, is causing severe disruptions across the country. Long queues at petrol stations, lost productivity, and rising costs have left many Nigerians frustrated. The root causes

September 13, 2024

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

Business·Markets·News

Nigeria’s Equity Market Gains As Nestle, Flour Mills, FBN Holdings Lead

Equity Market Rises on Major Stocks The Nigerian equity market saw a notable gain of 0.32 per cent on Thursday, translating to an increase of N178 billion. Nestle, Flour Mills, and FBN Holdings led the market’s upward movement, with their stocks showing

September 13, 2024

Business·FEATURES·News

N70,000 Minimum Wage: Civil Servants Struggle As State Governors Delay Payments

Minimum Wage Struggles: Civil Servants and State Governors at Odds The approval of Nigeria’s N70,000 minimum wage was celebrated as a hard-fought victory for the country’s workers. However, the joy was short-lived as state governors have delayed the implementation of this new

September 12, 2024

AIICO Insurance Forecasts 46% Growth In 2024 Pre-tax Profit, Aiming For N17.6bn

Business·Markets·News

AIICO Forecasts 46% Growth In 2024 Pre-tax Profit, Aiming For N17.6bn

AIICO Insurance Plc is set to record growth in 2024, with the company forecasting a pre-tax profit of N17.6 billion, which marks a 46% increase from the N12 billion posted in the 2023 financial year. The company’s growth trajectory is driven by

September 12, 2024

Business·News

Nigeria Records N6.95trn Trade Surplus In Q2 Despite Decline In Imports

Trade Surplus Reaches N6.95 Trillion in Q2 2024 Nigeria’s trade surplus for the second quarter of 2024 reached N6.95 trillion, according to the latest report by the National Bureau of Statistics (NBS). This figure represents a 6.60% increase from the N6.52 trillion

September 11, 2024

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Latest News in Nigeria - Page 86

Is Price Control The Solution Or A New Problem For Nigeria’s Economic Crisis?

Nigerian Banks Lose N42.6bn To Fraud In Q2, Experts Call For Enhanced Security

Japaul Lists 8bn Shares At N2.5k Per Share As Gold Mining Prospects Brighten

Nigeria’s Equity Market Sees 1.06% Growth As Investors Focus On Banking, Oil Stocks

Nigerian Govt Declares Public Holiday On Monday, September 16

Fuel Crisis: A Complex Challenge For Nigeria’s Energy Sector As Nigerians Demand Transparency

Nigeria’s Equity Market Gains As Nestle, Flour Mills, FBN Holdings Lead

N70,000 Minimum Wage: Civil Servants Struggle As State Governors Delay Payments

AIICO Forecasts 46% Growth In 2024 Pre-tax Profit, Aiming For N17.6bn

Nigeria Records N6.95trn Trade Surplus In Q2 Despite Decline In Imports

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Decarbonisation: Shippers Regret Failure to Reach Consensus on Net-Zero Framework

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Regina Daniels Accuses Husband of Domestic Violence, Family Alleges Assault

Nigerian Lawyer Obamuroh Named Partner at White & Case, Earns Presidential Praise

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Crypto Dives Further Amid Renewed Deleveraging Events

Innovation Series: Michael Gelpke Brings Home a Governmental Contract Worth 160M USD In Africa

Markets Find Footing as Gold Shines

Regina Daniels Accuses Husband of Domestic Violence, Family Alleges Assault

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