Business
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25Dangote, BUA Cement spend 41.33% of sales on fuel, power
During the half year ending June 30, 2022, Nigeria’s two major cement companies, Dangote and BUA Cement spent a massive N173.537 billion...
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56
Nigerian Stocks Suffer 0.07% Loss as Inflation Spikes to 19.64%
On Monday, the Nigerian Exchange (NGX) Limited closed 0.07 percent lower after the National Bureau of Statistics (NBS) stated that the country’s...
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45
External reserves continue to fall, losing $337 million in two weeks
Nigeria’s external reserves decreased by $337 million in the first two weeks of August, continuing a downward trend in the middle of...
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69
Financial Inclusion: More Collaboration Needed with Regulators, says i-invest CPO, Tobi Olusoga
Nigeria’s financial technology (Fintech) industry has experienced exponential growth in recent years, as more people pivot from traditional banking systems to digital...
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70
Crude oil rises 2% as the IEA predicts increased demand in 2022
Crude oil prices rose by more than $2 on Thursday after the International Energy Agency (IEA) revised its prediction for demand growth...
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115
Dangote Cement and MTN Shares lower the market by 2.26%
Dangote Cement, MTN Nigeria, and 13 other companies’ shares weakened the Nigerian Exchange (NGX) Limited by 2.26 percent on Tuesday as investors...
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98
Naira depreciates 0.67% at I&E, 2.33% at unofficial fx market
At the Investors and Exporters (I&E) segment of the foreign exchange (forex) market on Monday, the Naira declined by 0.67 percent or...
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292
FX: Naira continues to appreciate to N428.12/$1 at the spot market
On Thursday, August 4, the Naira gained N1.08 or 0.25 percent versus the Dollar in the foreign currency market’s Investors and Exporters...
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126
Renewed buying interests drive a 1.35% gain in local stocks
Investors’ renewed purchasing activity increased the Nigerian Exchange (NGX) Limited by 1.35 percent on Tuesday, with consumer goods and financial companies attracting...
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114
Nigerian economy growing rapidly despite low revenue & other factors – FG says
The federal government has stated that it should be commended for keeping the Nigerian economy growing in the face of “very, very...
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123
SEC set to remove unnecessary requirements for efficient capital market
The Securities and Exchange Commission (SEC) has promised to review some of the capital market rules to make them more flexible and...
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1641
CBN sets to clamp down on bank customers withdrawing naira to buy dollar
Mr Godwin Elefiele, Governor of the Central Bank of Nigeria (CBN), has cautioned bank customers, particularly politicians and high-profile individuals, to refrain...
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157
CBN raises interest rate to 14% to curb inflation
The Central Bank of Nigeria (CBN) has raised the benchmark interest rate, the Monetary Policy Rate (MPR), to 14%. The apex bank...
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134
Stakeholders set to join Zenith Bank to unlock non-oil export opportunities in Nigeria
Zenith Bank will welcome key stakeholders in the Nigerian economy’s non-oil export sub-sector on Wednesday, July 20, 2022, at the Civic Centre,...
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763
UBA’s Leo Clocks 4, Set to Further Transform Digital Banking In Nigeria, Africa
Africa’s global bank, United Bank for Africa has said that it has concluded plans to commemorate the 4th year anniversary of its...
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598
Dollar to Naira rate for Tuesday, January 11
According to UTC, 1.00 US Dollar = 413.35 Nigerian Naira for today, Tuesday, January 11, 2022. Approximately, $1 will be equal to...
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655
Earn between N68,000 and N204,000 in PennyTree Associate program
Tackling unemployment; PennyTree launches Associate Program for Nigerian youths. PennyTree, a gamified digital lifestyle platform, has launched an Exclusive Associate Program for...
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730
Dollar to Naira rate for Monday, January 10
According to UTC, 1.00 US Dollar = 409.84 Nigerian Naira for today, Monday, January 10, 2022. Approximately, $1 will be equal to...
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576
Dollar to Naira rate for Saturday, January 8
According to UTC, 1.00 US Dollar = 413.21 Nigerian Naira for today, Saturday, January 8, 2022. Approximately, $1 will be equal to...
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554
Dollar to Naira rate for Friday, January 7
According to UTC, 1.00 US Dollar = 411.95 Nigerian Naira for today, Friday January 7, 2022. Approximately, $1 will be equal to...
