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Latest news on business in Nigeria - Page 12

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Naira Appreciates To N806.73/$1, Forex Turnover Hits $142.63m Amidst Stability Efforts

In a turn of events on Tuesday, the Nigerian naira exhibited an uptick against the dollar, closing at N806.73/$1 in the official market, marking a 3.85% appreciation. The Forex turnover surged by 92.93%, hitting $142.63 million, according to data from the Nigerian

December 6, 2023

Business·Finance & Economy·News

Nigeria’s Q3 Foreign Trade Soars By 53.16% As Crude Oil Revenue Surges By 83.23% – NBS

Nigeria's foreign trade witnessed a rise by 53.16% year-on-year, hitting N18.80 trillion in the third quarter of 2023.

December 5, 2023

Dangote Refinery Boosts U.S. Jet Fuel Supply As Demand Rises

Business·News·Oil & Gas

NNPCL Boosts Dangote Refinery With Fourth Delivery Of 1m Barrels Crude Oil

In a move propelling Nigeria’s refining landscape, the Nigeria National Petroleum Corporation Limited (NNPCL) has continued its stride by delivering an additional one million barrels of crude oil to the Dangote Refinery. This marks the fourth consecutive delivery in a series set

November 28, 2023

Business·News

Dangote Cement GMD Advocates Sustainable Cement Production, Urges Shift To Alternative Fuels

Innovative strategies in the cement industry were spotlighted as Arvind Pathak, Group Managing Director of Dangote Cement Plc, emphasized the urgency of decarbonization

November 27, 2023

NGX stock market. Photo credit: TheCable

Business·Markets·News

NGX Wraps Week With 0.12% ASI Increase, ABC Transport Leads Losers

In the pulse of market fluctuations, the Nigerian Exchange (NGX) concluded the week on a modest upswing, marking a 0.12% surge in the All-Share Index (ASI).

November 18, 2023

Despite Current Challenges, Ongoing Reforms In Nigeria Presents Opportunities For Investment Banking – Expert

Business·News

Despite Current Challenges, Ongoing Reforms In Nigeria Present Opportunities For Investment Banking – Expert

Investors have been advised to deploy their skills in identifying opportunities in investment banking amidst the challenges posed by the ongoing economic reforms by the current administration in Nigeria.

November 17, 2023

Nigeria's Inflation Rate Hits 33.88% In October Amid Fresh Fuel Price Spike

Business·News

Nigeria’s Food Inflation Hits 31.5% With Headline Rate At 27.3% In October

Consumer Price Index (CPI) for October 2023 released by the National Bureau of Statistics (NBS) on Wednesday has it that Nigeria’s headline inflation rate surged by a 0.61 percentage point from the 26.72 per cent

November 15, 2023

News

N3.44tr Raised Through Bonds, Commercial Papers In 2 Years – Issuing Houses

The Association of Issuing Houses of Nigeria (AIHN) said that private businesses and the government have raised N3.44 trillion through the issuing of Corporate Bonds and Commercial Paper in only two years.

November 15, 2023

CBN Fines Union Bank N200 million For Cryptocurrency Trading

Business·News

Union Bank of Nigeria To Delist From NGX, Offers N7.70 Per Share In Payout

After 52 years of listing, Union Bank of Nigeria Plc has concluded plans to delist from the Nigerian Stock Exchange (NGX). This was disclosed in a corporate filing on the NGX website. Speaking on behalf of Union Bank, the Company Secretary Somuyiwa

November 14, 2023

Nigeria's Q2 Foreign Capital Drops 9.04%, Lagos Leads

Business

Global Venture Capital Investment Hits Lowest Point Since 2020 Pandemic – Report

Market researcher PitchBook reports 30% year-on-year decrease in global venture capital investment, plunging to $73 billion in the third quarter of 2023—the lowest since the onset of the pandemic in 2020. The downturn is attributed to factors like rising interest rates, inflation,

November 14, 2023

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Latest news on business in Nigeria - Page 12

Naira Appreciates To N806.73/$1, Forex Turnover Hits $142.63m Amidst Stability Efforts

Nigeria’s Q3 Foreign Trade Soars By 53.16% As Crude Oil Revenue Surges By 83.23% – NBS

NNPCL Boosts Dangote Refinery With Fourth Delivery Of 1m Barrels Crude Oil

Dangote Cement GMD Advocates Sustainable Cement Production, Urges Shift To Alternative Fuels

NGX Wraps Week With 0.12% ASI Increase, ABC Transport Leads Losers

Despite Current Challenges, Ongoing Reforms In Nigeria Present Opportunities For Investment Banking – Expert

Nigeria’s Food Inflation Hits 31.5% With Headline Rate At 27.3% In October

N3.44tr Raised Through Bonds, Commercial Papers In 2 Years – Issuing Houses

Union Bank of Nigeria To Delist From NGX, Offers N7.70 Per Share In Payout

Global Venture Capital Investment Hits Lowest Point Since 2020 Pandemic – Report

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