Business - Page 104

Nigeria's Stock Market Dips By 0.21% As Investors Await Key MPC's Decisions

Profit-Taking Dips Nigerian Equity Market By 0.12% Amid Banking, Insurance Activity

Nigeria’s equity market moved further into negative territory on Tuesday, declining by 0.12 percent as investors took profits in several stocks, including International Energy, UPDC, Unity Bank, and Chams. This drop follows

Emmanuel Ochayi

6 months ago

Business·Latest News·Politics

Lagos, Kaduna, Abia, 27 Other State Government spent N968.64bn On refreshments, Sitting Allowance, Others In 3 months

Lagos, Kaduna, Abia, and 27 other state governments spent N968.64 billion on recurrent expenditures, including refreshments, sitting allowances, and other costs, in the first quarter of 2024. This spending pattern has raised

Emmanuel Ochayi

6 months ago

CBN’s FX Market Intervention Falls Short As Naira Struggles To Gain Ground

Business·Latest News·Markets

Naira Stable On More Dollar Sales

The naira remained stable across foreign exchange markets on Tuesday, with a surge in dollar sales by 94.46% at the official market. Despite the fluctuations, the local currency showed resilience, reflecting the

Emmanuel Ochayi

6 months ago

Minimum Wage: No going back On N250,000- TUC

Business·Latest News·Politics

Minimum Wage: Labour Union’s N494k Demand Is Not Fixed, Says TUC President

Festus Osifo, President of the Trade Union Congress (TUC), clarified on Tuesday that the N494,000 minimum wage demand is not fixed, emphasizing that organized labor approached negotiations with an ideal scenario in

Emmanuel Ochayi

6 months ago

Nigeria’s Oil Production Declines By 33,000 Barrels As OPEC Reports Setback In September

Business·Latest News·Oil & Gas·World News

OPEC Sees Oil Output Rise In May As Nigeria, Iraq Lead Increase- Report

OPEC’s oil production saw a notable increase in May 2024, driven by higher exports from Nigeria and Iraq. According to a Reuters survey released on Tuesday, the Organisation of the Petroleum Exporting

Emmanuel Ochayi

6 months ago

Business·Latest News·Markets

Equity Market Sees Decline As Nigerian Exchange Loses N102 billion

The Nigerian Exchange witnessed a loss on Monday, shedding N102 billion in equity market. This downturn was primarily driven by declines in key stocks such as First Bank of Nigeria Holdings, Seplat

Emmanuel Ochayi

6 months ago

Why Increasing Minimum Wage To At Least N100,000 Is Important - Analysts

Business·Latest News

Minimum Wage Increase: Prepare To Deal with Inflation, Economist Tells FG

Chief Economist and Senior Partner at SPM Professionals, Dr Paul Alaje, has stated that given the present economic realities in Nigeria, workers deserve an increase of their minimum wage but the government

Victor Ezeja

6 months ago

Minimum Wage: Labour To Reject N100,000 Proposal By Nigerian Govt As Negotiations Continues On Tuesday

Business·Latest News·Politics

NLC, 30 Others Join Ongoing Nationwide Strike (Full List)

The Nigeria Labour Congress (NLC) and thirty other unions have initiated an indefinite nationwide strike, citing the Federal Government’s refusal to raise the minimum wage from N60,000. The strike, set to commence

Emmanuel Ochayi

6 months ago

CBN Could've Saved Heritage Bank To Protect Depositors' Funds - Economist

Business·Latest News

Why CBN Revoked Heritage Bank’s Licence

The Central Bank of Nigeria (CBN) has revoked Heritage Bank’s operating licence, citing poor performance which threatens the financial system stability. In a statement released on Monday, signed by Hakama Sidi Ali,

Victor Ezeja

6 months ago

Equity Market Begins July With 0.04% Decline

Business·Latest News·Markets

Nigerian Equity Market Sees Positive Week With N954 billion Gain

The Nigerian equity market had a positive performance last week, with investors gaining N954 billion. By the end of the week, the market capitalisation and the All-Share Index both increased by 0.02

Emmanuel Ochayi

6 months ago

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Business - Page 104

Profit-Taking Dips Nigerian Equity Market By 0.12% Amid Banking, Insurance Activity

Lagos, Kaduna, Abia, 27 Other State Government spent N968.64bn On refreshments, Sitting Allowance, Others In 3 months

Naira Stable On More Dollar Sales

Minimum Wage: Labour Union’s N494k Demand Is Not Fixed, Says TUC President

OPEC Sees Oil Output Rise In May As Nigeria, Iraq Lead Increase- Report

Equity Market Sees Decline As Nigerian Exchange Loses N102 billion

Minimum Wage Increase: Prepare To Deal with Inflation, Economist Tells FG

NLC, 30 Others Join Ongoing Nationwide Strike (Full List)

Why CBN Revoked Heritage Bank’s Licence

Nigerian Equity Market Sees Positive Week With N954 billion Gain

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