Business - Page 118

Nigeria's Treasury Bills Surpass N6.6trn In 2023 Amid Economic Headwinds

Nigeria’s Currency In Circulation Hits N3.87trn- CBN Reveals

Nigeria’s currency in circulation has surged to N3.87tn as of March’s end, indicating a preference for cash among Nigerians. The Central Bank of Nigeria (CBN) disclosed this in its latest money and

Emmanuel Ochayi

7 months ago

NGX ASI Further Drops By 0.67%, As BUA Cement, Eterna Among Top Losers

Business·Latest News·Markets

NGX: Nigerian Equity Market Rebounds After N3.54trn Rise In April

After enduring a tumultuous April where it suffered a loss of N3.54 trillion, the Nigerian equity market has bounced back, marking its first weekly gain. Investors, seeking better returns, fueled this upward

Emmanuel Ochayi

7 months ago

Business·Latest News·Transport

Lagos-Calabar Highway Construction: Telcos Express Concern Over Disruptions Of Cables

Telecommunication companies have raised concerns over potential disruptions to connectivity as construction progresses on the 700km Lagos-Calabar Coastal Highway. This development comes on the heels of Multichoice’s announcement of a three-day technical

Emmanuel Ochayi

7 months ago

CPPE Highlights Why Nigerian Govt Should Review Customs FX Rate For Cargo Clearance

Business·Latest News·Markets

Customs Duty: Naira Depreciation Worsens As Exchange Rate Hits N1,441.53/$1

The recent increase in the exchange rate for customs duty collection to N1,441.53 to the USD has sparked concerns among stakeholders, coming at a time when the naira is experiencing significant depreciation.

Emmanuel Ochayi

7 months ago

Nigerian Govt Spends ₦380bn On Electricity Subsidy In Q2 2024 — NERC

Business·Latest News·Power

Electricity Supply To Int’l Customers Shouldn’t Exceed 6% Of Available Grid Generation, NERC Orders GenCos

In its quest to prioritize electricity supply to local customers, the Nigerian Electricity Regulatory Commission (NERC) has ordered Generation Companies (GenCos) not to exceed 6 per cent of available power grid generation

Victor Ezeja

7 months ago

Cryptocurrency Platforms Begin Charging 7.5% VAT On Transaction In Nigeria

Business·Currency·Latest News

Nigerian Govt Plans Suspension Of $57bn Crypto Businesses To Rescue Naira

Following a Monday meeting between the Securities and Exchange Commission SEC and operators of digital assets, Nigeria’s $56.7 billion peer-to-peer market in crypto is being considered for suspension by the government. Given

Emmanuel Ochayi

7 months ago

Business·Latest News

Inflation, Housing Crisis: Lagos House Rents Rise By 100% In 4 Years

Lagos, Nigeria’s economic hub, is facing a severe housing crisis, with house rents increasing by over 100% in just four years, far outpacing stagnant incomes. This mismatch is putting immense financial pressure

Emmanuel Ochayi

7 months ago

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

Business·Latest News·Markets

NGX: FBN Holdings, Others Emerge Top Gainer As Market Cap Grows By 1.46%

The Nigerian Exchange Group Plc (NGX) witnessed a rise in trading activity, with FBN Holdings Plc emerging as the top gainer. The financial institution’s shares experienced an increase of approximately N238.703 billion,

Emmanuel Ochayi

7 months ago

Antiguan and Barbuda Prime Minister Applauds Air Peace's Trail-blazing Strides, Woos Nigerian Investors

Business·Latest News

Antiguan and Barbuda Prime Minister Applauds Air Peace’s Giant Strides, Woos Nigerian Investors

Prime Minister of Antigua and Barbuda, Honourable Gaston Alfonso Browne, has commended Air Peace for the airline's trail-blazing strides, especially the recent commencement of direct flights to London.

Admin

7 months ago

Business·Latest News·Oil & Gas

Fuel Scarcity: NNPC Blames Panic Buying, Marketers Disagree

The Nigeria National Petroleum Corporation (NNPC) has attributed the lingering fuel scarcity in the country to panic buying and sharp practices by some petroleum marketers. However, petroleum marketers have disagreed with the

Emmanuel Ochayi

7 months ago

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Business - Page 118

Nigeria’s Currency In Circulation Hits N3.87trn- CBN Reveals

NGX: Nigerian Equity Market Rebounds After N3.54trn Rise In April

Lagos-Calabar Highway Construction: Telcos Express Concern Over Disruptions Of Cables

Customs Duty: Naira Depreciation Worsens As Exchange Rate Hits N1,441.53/$1

Electricity Supply To Int’l Customers Shouldn’t Exceed 6% Of Available Grid Generation, NERC Orders GenCos

Nigerian Govt Plans Suspension Of $57bn Crypto Businesses To Rescue Naira

Inflation, Housing Crisis: Lagos House Rents Rise By 100% In 4 Years

NGX: FBN Holdings, Others Emerge Top Gainer As Market Cap Grows By 1.46%

Antiguan and Barbuda Prime Minister Applauds Air Peace’s Giant Strides, Woos Nigerian Investors

Fuel Scarcity: NNPC Blames Panic Buying, Marketers Disagree

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