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Latest news on business in Nigeria - Page 15

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

Naira Exchange Rate Dips 5.4% To N808/$ Official, N1,170/$1 Black Market

The naira has experienced a 5.4% decline affecting both the official and black markets. The official rate on the NAFEM closed at N808/$1, while the parallel market saw N1170/$1. This downturn marks a new low for the Naira, as it hasn’t faced

October 21, 2023

Business·News·Oil & Gas

OPEC Envisions Medium-Term Emergence Of Modular Refineries In Nigeria

OPEC) has announced that Nigeria is on the verge of a transformation in its energy sector with the establishment of medium-term modular refineries with a daily production capacity of 20,000 barrels each.

October 17, 2023

NGX: Investors Gain N313bn As ASI Rebound By 0.70%

Business·Markets

Oando, Omatek Top Losers In N90bn Market Capitalization Drop

Nigerian Exchange Limited (NGX) experienced a rocky start as it reopened for transactions on Monday, with the market capitalization plummeting by N90 billion.

October 17, 2023

NIN-SIM Linkage: Poor Sensitisation, System Hitches Blamed For 72.8m Unlinked Subscribers

Business·News

Telecom Companies Threaten To Withdraw USSD Services Over Lingering N120bn Debt

Telecommunication companies in Nigeria have issued fresh threats to withdraw Unstructured Supplementary Service Data (USSD) services, adding another layer of controversy to the ongoing dispute over N120 billion owed to them by banks.

October 17, 2023

How Loss Of Over $5 Trillion In U.S. Stock Exchange Affects Nigeria

Business·Markets

Nigerian Equities Market Surges with N409bn Gains In One Week

In a week marked by positive price movements in the industrial goods sector, the Nigerian Exchange Limited witnessed a surge in market capitalization, resulting in a substantial N409 billion gain for equities market investors. The All-Share Index rose by 1.12%, reaching 67,200.69

October 17, 2023

Cement Prices: House Of Reps Members’ Comments ‘Very Unfair’ To Investors - CPPE

News

CPPE CEO Calls For Nigerian Govt’s Intervention As Inflation Hits 26.7% In September

Economic exerts have reacted to the upward spiral of the Nigerian inflation rate, calling for critical government intervention measures to save the situation. In a report released on Monday, by the National Bereau of Statistics (NBS) on the inflation data for September

October 16, 2023

Nigeria's Inflation Rate Increases To 26.72%, AS Food Prices Soars

Business·Finance & Economy

NBS Releases Latest Data On Food Prices As Nigeria’s Inflation Hits 26.72%

The National Bureau of Statistics (NBS) on Monday disclosed that Nigeria’s annual inflation rate rose to 26.72 per cent in September from 25.80 per cent in the previous month, even as the headline inflation rate rose year-on-year (YoY) by 26.72 per cent

October 16, 2023

Customs Exchange Rate For Import Duty Rises By 2.04% In 4 Days

Business·News

‘It’s More Burden On Nigerians’ – Importers Bemoan 200% Spike In Customs Duty

Nigerian importers have decried the soaring costs of getting goods and commodities cleared from the country’s ports, pointing out that import duty has surged by over 200 per cent compared to previous rates, significantly impacting the cost of imported goods. They lamented

October 16, 2023

NGX stock market. Photo credit: TheCable

Business

Nigerian Equities Surge To Global Top 3, As Returns Hit N8.7trn

Nigeria has catapulted itself to a global investment powerhouse by securing the third-highest returns worldwide. The latest data from The Nation’s Market Intelligence shows a renewed surge in Nigerian equities, thanks to optimistic investors gearing up for third-quarter earnings reports. This fervor

October 16, 2023

NNPC Doesn’t Have Fuel To Sell – Oil Marketers’ Depot Chairman Says

Business·Oil & Gas

Nigeria’s NNPC Ends Crude Swap For Cash

The Nigerian National Petroleum Company Limited (NNPCL) has ended the crude oil swap deal and adopted cash tenders for fuel procurement. The move, as reported by Reuters, signifies a departure from a decade-old practice aimed at eliminating costly fuel subsidies and bolstering

October 13, 2023

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Latest news on business in Nigeria - Page 15

Naira Exchange Rate Dips 5.4% To N808/$ Official, N1,170/$1 Black Market

OPEC Envisions Medium-Term Emergence Of Modular Refineries In Nigeria

Oando, Omatek Top Losers In N90bn Market Capitalization Drop

Telecom Companies Threaten To Withdraw USSD Services Over Lingering N120bn Debt

Nigerian Equities Market Surges with N409bn Gains In One Week

CPPE CEO Calls For Nigerian Govt’s Intervention As Inflation Hits 26.7% In September

NBS Releases Latest Data On Food Prices As Nigeria’s Inflation Hits 26.72%

‘It’s More Burden On Nigerians’ – Importers Bemoan 200% Spike In Customs Duty

Nigerian Equities Surge To Global Top 3, As Returns Hit N8.7trn

Nigeria’s NNPC Ends Crude Swap For Cash

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Latest news on business in Nigeria - Page 15

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