Latest news on business in Nigeria – Page 5 of 23

NGX: Nigerian Equity Market Rebounds With N812bn Rise In April

NGX Equity Market Surges To N13 Trillion Gains In 2023: A Year Of Optimism, Caution

The Nigerian Exchange Limited (NGX) witnessed an upsurge in the equity market, delivering over N13 trillion in gains for investors in 2023. This exponential growth nearly tripled the previous year’s figures, marking

Emmanuel Ochayi

5 months ago

Naira Depreciates To 1,530/$1 On Parallel market As Shortage of Dollar Continues

Business·Currency·Latest News

Exchange Rate Closes Year At Historic Low Of N907/$1 In Official Market

Nigerian Naira closed the year at an unprecedented exchange rate of N907.11 per dollar at the official market, signifying a 26.8% depreciation since June 14th, amid a tumultuous year for Africa's largest

Emmanuel Ochayi

5 months ago

Business·Currency

Naira To Sustain Depreciation In 2024 – Analysis Reveals

A grim forecast by Bloomberg L.P. has surfaced, signaling a continued slump of the Naira throughout 2024.

Emmanuel Ochayi

5 months ago

Business·Finance & Economy

Nigerians Grapple With Soaring Living Costs, Borrow N740bn Amidst Inflation Surge

Nigerians have borrowed approximately N740 billion from banks between January and September this year, according to the Central Bank of Nigeria's quarterly economic reports.

Emmanuel Ochayi

5 months ago

Business·Latest News

BUA Group Chairman Reaffirms Commitment To Slashing Cement Price To N3,500

Abdul-Samad Rabiu, Chairman of BUA Group, has reiterated the company's pledge to sell cement at N3,500 per bag starting January 2024.

Emmanuel Ochayi

5 months ago

Naira Appreciates To N869/$1 As Experts Debate Stability

Business·Currency

Nigerian Naira Plummets To New Low, Hits N1,043.09/$ In Official Market

The Nigerian Naira plunged to a troubling low, closing at N1,043.09 against the dollar, marking a depreciation of 16.35% and signaling deep concerns for the country's economy just days before 2024.

Emmanuel Ochayi

5 months ago

Business·Markets

NGX Bounces Back: All-Share Index Surge By 0.99% As MTN, Dangote Top Gainers

The All-Share Index surged by 0.99% to hit a historic high of 74,502.58 points, marking an upturn. Market capitalization also saw a notable climb, closing at N40.769 trillion, up from yesterday’s figures.

Emmanuel Ochayi

5 months ago

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

Business·Markets

Bearish Trends Persist In Post-Christmas Trading As ASI Dip By 0.34%

The first trading day post-Christmas saw the Nigerian Stock Exchange All-Share Index dip by 0.34%, closing at 73,768.64 points, marking a bearish start after the festive break. According to market analysis, the

Emmanuel Ochayi

5 months ago

Dangote Refinery's Diesel Price Cut Sparks Marketers' Hope For N700/Litre

Business·Latest News·Oil & Gas

Dangote Refinery Moves Closer To Begin Full Operations As It Receives Third Crude Shipments Of 1 Million Barrels

The Dangote Petrochemical Refinery has received its third consignment of one-million-barrel crude oil cargo from Shell International Trading and Shipping Company Limited (STASCO), marking a progression in its quest to commence petroleum

Emmanuel Ochayi

5 months ago

Business

eNaira Sees Surge In Transaction Volume, Yet Adoption Lags Behind

The Central Bank of Nigeria (CBN) has revealed 284.6% increase in eNaira transaction volume for August 2023, reaching N9.78 billion, as reported in its Monthly Economic Report. Despite this spike, eNaira’s ratio

Emmanuel Ochayi

5 months ago

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Latest news on business in Nigeria - Page 5

NGX Equity Market Surges To N13 Trillion Gains In 2023: A Year Of Optimism, Caution

Exchange Rate Closes Year At Historic Low Of N907/$1 In Official Market

Naira To Sustain Depreciation In 2024 – Analysis Reveals

Nigerians Grapple With Soaring Living Costs, Borrow N740bn Amidst Inflation Surge

BUA Group Chairman Reaffirms Commitment To Slashing Cement Price To N3,500

Nigerian Naira Plummets To New Low, Hits N1,043.09/$ In Official Market

NGX Bounces Back: All-Share Index Surge By 0.99% As MTN, Dangote Top Gainers

Bearish Trends Persist In Post-Christmas Trading As ASI Dip By 0.34%

Dangote Refinery Moves Closer To Begin Full Operations As It Receives Third Crude Shipments Of 1 Million Barrels

eNaira Sees Surge In Transaction Volume, Yet Adoption Lags Behind

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