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Latest news on business in Nigeria - Page 3

Why We Plan N50bn Capital Raise, Upgrade To Commercial Bank – Infinity Trust Mortgage Bank

Infinity Trust Mortgage Bank (ITMB) has announced plans to raise an additional N50 billion in capital and also upgrade to a regional commercial bank. The bank’s management made this known while speaking at the “Facts Behind the Offer Presentations” held at Nigerian

August 23, 2024

Business·News·Oil & Gas

Oando Completes $783m Acquisition Of Agip Oil

Oando PLC has announced that it has successfully completed acquisition of 100% of the shareholding interest in the Nigerian Agip Oil Company (NAOC), from the Italian energy company, Eni. A statement signed by Ayotola Jagun, Oando Chief Compliance Officer and Company Secretary,

August 23, 2024

CPPE Highlights Why Nigerian Govt Should Review Customs FX Rate For Cargo Clearance

Business·Finance & Economy

CPPE Highlights Why Nigerian Govt Should Review Customs Exchange Rate For Cargo Clearance

Centre for the Promotion of Private Enterprise (CPPE), has expressed concern about challenges posed by prohibitive and volatile Customs exchange rate for cargo clearance in Nigeria. The Centre stated that the high and unpredictable Customs duty has a grave negative impact on

August 19, 2024

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 19th August 2024

What is the Dollar to Naira Exchange rate at the black market, like the Aboki FX? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN) in the parallel market also known as the black market, especially the Aboki fx

August 19, 2024

Business·Currency·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 18th August 2024

August 18, 2024

NNPCL Crude Sales In Naira Will Boost Economy - Nigerian Govt

Business·News·Oil & Gas

How NNPCL Crude Sales In Naira Will Boost Economy

Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, on Tuesday held a strategic meeting with relevant stakeholders in Abuja to ensure implementation of President Bola Tinubu’s directive for the Nigerian National Petroleum Corporation Limited (NNPCL) to sell crude

August 14, 2024

Business·FEATURES

Why Windfall Tax On Nigerian Banks Shouldn’t Take Retrospective Effect

The proposed enforcement of 70 per cent windfall tax on profits generated from foreign exchange (FX) transactions by Nigerian banks has been generating mixed reactions across the country. While some have expressed support for the policy, others have opposed it. The harmonisation

August 14, 2024

Dangote Refinery Reduces Ex-depot Price Of Diesel To ₦1,020 Per Litre

News

Dangote Refinery: We Buy Nigerian Crude From Int’l Traders At Extra $4m Per Cargo

Dangote Refinery has reiterated that it is not getting enough crude oil supply from producers in the country. The company which has been facing the challenge of insufficient supply since it commenced operations in January this year, said it has not been

August 9, 2024

News

Heirs Insurance Group Appoints Ibrahim Puri, Sonny Iroche As Independent Non-executive Directors

Heirs Insurance Group (HIG), a Nigerian insurance provider, has announced the appointment of Ibrahim Puri and Sonny Iroche as Independent Non-executive Directors of its non-life insurance business, Heirs General. The appointments further strengthen HIG’s governance and leadership team. HIG has enjoyed rapid

August 7, 2024

Naira vs Dollar: What To Expect This Week (24th-30th, March 2025)

Business·Currency

Naira Appreciates Against Dollar At Official Market

The Naira on Tuesday, 6 August, further appreciated at the official market, trading at N1601 to the dollar. According to data from the FMDQ Securities and Exchange, the official trading platform of the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira gained

August 6, 2024

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Latest news on business in Nigeria - Page 3

Why We Plan N50bn Capital Raise, Upgrade To Commercial Bank – Infinity Trust Mortgage Bank

Oando Completes $783m Acquisition Of Agip Oil

CPPE Highlights Why Nigerian Govt Should Review Customs Exchange Rate For Cargo Clearance

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 19th August 2024

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 18th August 2024

How NNPCL Crude Sales In Naira Will Boost Economy

Why Windfall Tax On Nigerian Banks Shouldn’t Take Retrospective Effect

Dangote Refinery: We Buy Nigerian Crude From Int’l Traders At Extra $4m Per Cargo

Heirs Insurance Group Appoints Ibrahim Puri, Sonny Iroche As Independent Non-executive Directors

Naira Appreciates Against Dollar At Official Market

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