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Latest news update in Nigeria - Page 3

Nigerian Banks Face New FX Gain Tax: Impact On Profitability, Capital Adequacy

Nigerian Banks New FX Gain Tax: Impact On Profitability, Capital Adequacy

Nigerian banks are at risk of facing profits and capital adequacy declines as the Federal Government plans to tax 50 per cent of profits realised from foreign exchange (FX) revaluation in 2023. President Bola Tinubu has asked legislators for an upward review

July 19, 2024

Nigeria's Equity Market Declines By 1.99% in March Despite Weekly Gains

Business·Markets·News

Equity Market Surges As Investors Eye Interim Dividends, Bonus Shares

Focus on Equities Market Action Nigeria’s equity market rebounded strongly on Thursday, rising by 0.47 per cent or N263 billion. This surge is attributed to corporate announcements, including interim dividends and bonus shares, which have bolstered investor confidence and buying activity. Interim

July 19, 2024

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

Business·Markets·News

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

What is the Dollar to Naira Exchange rate at the black market, especially the Aboki fx? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN) in the black market, especially the Aboki fx, in Nigeria, is N1,620 for 1

July 19, 2024

Business·News

NNPC Uncovers 221 Cases Of Oil Theft In Niger Delta

Surge in Oil Theft Cases Across Niger Delta The Nigerian National Petroleum Company (NNPC) has reported a significant rise in oil theft incidents in the Niger Delta region. Over the past week, 221 cases of oil theft were uncovered. These incidents include

July 18, 2024

Petrol Landing Cost Price Now At N1,117/litre, MEMAN Reveals

Business·News·Oil & Gas

Petrol Landing Cost Now N1,117/litre, MEMAN Reveals

MEMAN Unveils Real Cost of Petrol The Major Energies Marketers Association of Nigeria (MEMAN) announced on Wednesday that the landing cost of Premium Motor Spirit (PMS), commonly known as petrol, stood at N1,117 per litre as of Tuesday, July 16, 2024. This

July 18, 2024

Business·Markets·News

Nigeria’s Stock Market Sees First Negative Close Of The Week Amidst Q2 Financial Reports

Nigeria’s Stock Market Decline Nigeria’s stock market witnessed a decline on Wednesday, marking its first negative close of the week. The equities market decreased by 0.04 per cent as second quarter (Q2) financial reports trickled in, prompting investors to react to corporate

July 18, 2024

Business·Markets·News

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

July 18, 2024

Africa·News·World News

UAE Denies $10k Bank Balance, N640k Fee Requirements For Nigerian Visa Applicants

UAE Authorities Dispel Rumors The United Arab Emirates (UAE) has denied reports that it requires a $10,000 bank balance and N640,000 fee for Nigerians applying for visas. These rumours were recently addressed by the UAE’s Department of Economy and Tourism, following inquiries

July 17, 2024

Business·Markets·News

Nigeria’s Equity Market Sees N62bn Gains As United Capital, UACN, Others Lead Charge

Nigeria’s equity market saw a modest increase on Tuesday, with a 0.11% rise driven by buy-side actions, enhancing the market value by N62 billion. Market Performance and Key Drivers The market experienced a boost on Tuesday as United Capital, UACN, and Cutix

July 17, 2024

Business·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 17th July 2024

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

July 17, 2024

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Latest news update in Nigeria - Page 3

Nigerian Banks New FX Gain Tax: Impact On Profitability, Capital Adequacy

Equity Market Surges As Investors Eye Interim Dividends, Bonus Shares

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

NNPC Uncovers 221 Cases Of Oil Theft In Niger Delta

Petrol Landing Cost Now N1,117/litre, MEMAN Reveals

Nigeria’s Stock Market Sees First Negative Close Of The Week Amidst Q2 Financial Reports

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

UAE Denies $10k Bank Balance, N640k Fee Requirements For Nigerian Visa Applicants

Nigeria’s Equity Market Sees N62bn Gains As United Capital, UACN, Others Lead Charge

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 17th July 2024

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