Business - Page 109

Naira Falls To N1687 Per Dollar At Official Market

Naira Gains In Parallel Market, Trade For N1,500/$1 As EFCC Cracks Down On Illegal Trading

The Nigerian naira showed resilience against the US dollar in the parallel market this week, reflecting a slight appreciation despite challenges. On Friday, the naira was valued at N1,500 per dollar, improving

Emmanuel Ochayi

6 months ago

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

Business·Latest News·Markets

Naira Decline Breaks Four-Day Winning Streak, Falls To N1485/$1 Amid Forex Market Volatility

The naira’s four-day winning streak ended on Thursday as it depreciated by 1.55%, closing at 1485.66/$1 on the official market. This marks the currency’s lowest level since March 20, when it traded

Emmanuel Ochayi

6 months ago

Business·Latest News

Nigeria Records 136% of 2023 FX Inflow In First 3 Months Of 2024 – Cardoso Reveals

The Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, has revealed a significant increase in foreign exchange (FX) inflows in the first quarter of 2024, marking a 136% rise

Emmanuel Ochayi

6 months ago

Business·Latest News·Markets

NGX: Equity Market Continues Downtrend As Investors Lose N84bn

The Nigerian equity market extended its losing streak on Thursday, shedding N84 billion in market capitalization. This decline was primarily driven by losses in Skyway Aviation Handling, NEM Insurance, and 26 other

Emmanuel Ochayi

6 months ago

AMA News·Business

The Guardian, AFP, Al Jazeera, and Reuters top index for most balanced media coverage of Africa, American outlets lag at the bottom — new report

The Guardian, AFP, Al Jazeera, and Reuters top index for most balanced media coverage of Africa, American outlets lag at the bottom — new report JOHANNESBURG, South Africa, 23 May 2024 -/African

Prime Business Africa

6 months ago

Business·Latest News·Oil & Gas

Nigeria Customs Seizes 17,580 Litres Of Petrol In Less Than 60 Days

The Nigeria Customs Service, Federal Operations Unit, Zone D, has announced the interception of 17,580 litres of premium motor spirit (PMS) valued at N12.7 million. This operation took place between April and

Emmanuel Ochayi

6 months ago

Business·Latest News

EFCC Arrests Over 200 BDC Operators Nationwide Over Alleged Forex Scam

The Economic and Financial Crimes Commission (EFCC) has apprehended more than 200 individuals across Nigeria in a sweeping crackdown on foreign exchange scams and financial market manipulation. This unprecedented operation aims to

Emmanuel Ochayi

6 months ago

Dangote Refinery: Fueling Nigeria's Economic Resurgence or Monopoly Menace?

Business·Latest News·Oil & Gas

Dangote Refinery Raises Diesel Prices To N1,100 Amid Naira’s Decline

Dangote Petroleum Refinery has increased the price of its Automotive Gas Oil (diesel) from N940/litre to N1,100/litre due to the recent depreciation of the naira against the US dollar. The refinery’s decision,

Emmanuel Ochayi

6 months ago

Business·Latest News

Nigeria Customs Seizes 58,000 Sachets Of Tramodol, Analgin Injection Being Conveyed To Bandits In Kaduna Worth Over N3bn

The Nigeria Customs Service, Federal Operations Unit, Zone B, has made a seizure of contraband goods worth over N3 billion in the North-West and North-Central zones. The seized items include 58,750 sachets

Emmanuel Ochayi

6 months ago

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

Business·Latest News·Markets

Equity Market Rises 0.11% As Investors Flock To Nestle Nigeria Plc Ahead Of Annual Meeting

Nigeria’s equities market saw a modest gain of 0.11% on Tuesday, driven by heightened investor interest in Nestle Nigeria Plc. The company’s upcoming annual meeting on May 22 prompted increased buying activity,

Emmanuel Ochayi

6 months ago

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Business - Page 109

Naira Gains In Parallel Market, Trade For N1,500/$1 As EFCC Cracks Down On Illegal Trading

Naira Decline Breaks Four-Day Winning Streak, Falls To N1485/$1 Amid Forex Market Volatility

Nigeria Records 136% of 2023 FX Inflow In First 3 Months Of 2024 – Cardoso Reveals

NGX: Equity Market Continues Downtrend As Investors Lose N84bn

The Guardian, AFP, Al Jazeera, and Reuters top index for most balanced media coverage of Africa, American outlets lag at the bottom — new report

Nigeria Customs Seizes 17,580 Litres Of Petrol In Less Than 60 Days

EFCC Arrests Over 200 BDC Operators Nationwide Over Alleged Forex Scam

Dangote Refinery Raises Diesel Prices To N1,100 Amid Naira’s Decline

Nigeria Customs Seizes 58,000 Sachets Of Tramodol, Analgin Injection Being Conveyed To Bandits In Kaduna Worth Over N3bn

Equity Market Rises 0.11% As Investors Flock To Nestle Nigeria Plc Ahead Of Annual Meeting

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