Business - Page 119

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

Business·Currency·Latest News·World News

Bitcoin, Ethereum Prices Rebound Following Interest Rate Uncertainty In U.S.

After a turbulent week characterized by speculative activity before a crucial Federal Reserve meeting and its potential impact on interest rates in the US, the prices of Bitcoin and Ethereum have rebounded.

Emmanuel Ochayi

7 months ago

71.4% Of Nigerians Call For Interest Rate Reduction – CBN Survey

Business·Opinion

CBN, Fintechs And Money Laundering

An important development that occurred in the financial services industry the other week went largely unreported in the press; perhaps because the media is still engrossed in all the corruption dramas of

Etim Etim

7 months ago

Business·Latest News

UBA Empowers 400 Youths Across Africa Through Graduate Programme

Africa’s Global Bank, United Bank for Africa (UBA), has empowered 398 young Africans through its Graduate Management Acceleration Programme (GMAP) for 2024. The bank held the second edition of the GMAP class

Victor Ezeja

7 months ago

Why Inflation Is Rising Rapidly In Nigeria

Business·Latest News

How Govt Palliatives Push Food Inflation – CBN

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has stated that the government’s large-scale purchase of foodstuffs as palliatives is contributing to the country’s rising food inflation. This statement was

Emmanuel Ochayi

7 months ago

Banks’ Recapitalisation Drives 44% Surge In Nigerian Equities Market

Business·Latest News·Markets

Equity Market Sees Second Consecutive Day Of Gains, Investors Gain N303bn

The Nigerian equity market defied expectations on Thursday, May 2, 2024, as investors recorded gains for the second consecutive day. The market’s benchmark index appreciated by 0.55% to 98,762.78 points, driven by

Emmanuel Ochayi

7 months ago

Naira Falls To N1687 Per Dollar At Official Market

Business·Latest News·Markets

Naira Depreciates Further, Trades At N1,402 Against US Dollar

The naira continued its downward trend, losing value against the US dollar on Thursday at the official market. According to data from the FMDQ exchange securities, the naira depreciated by N12 or

Emmanuel Ochayi

7 months ago

Financial Expert Says Stable Forex Regime Will trigger Nigerian Breweries, Others’ Return To Profitability In 2024

Business·Latest News

Shareholder Associations Support Nigerian Breweries’ Rights Issue, Ask Nigerians To Take Advantage

Shareholders associations in Nigeria have expressed support for plans by Nigerian Breweries Plc to raise N600 billion through Rights Issues on the back of foreign exchange exposures that precipitated a loss of

Victor Ezeja

7 months ago

Business·Finance & Economy·Latest News

Unstable Customs Duty Exchange Rate Weakens Investors’ Confidence In Nigeria’s Economy – Expert

As Nigeria Customs Service (NCS) continues to adjust rate for calculating import duty due to fluctuations in the foreign exchange market, economic expert, Dr Muda Yusuf, has warned that it is hurting

Victor Ezeja

7 months ago

Business·Latest News·Tech News

MTN, Airtel, 9mobile, Glo’s Mobile Subscriptions Drop By 5.4 Million, As NCC Enforces Mandatory NIN-SIM Linkage

Four major telecomm operators in Nigeria - MTN, Airtel, Globacom and 9mobile - have recorded a decline of 5,409,429 active mobile subscriptions within the first quarter of 2024.

Victor Ezeja

7 months ago

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Business - Page 119

Fuel Scarcity: NNPC Blames Panic Buying, Marketers Disagree

Bitcoin, Ethereum Prices Rebound Following Interest Rate Uncertainty In U.S.

CBN, Fintechs And Money Laundering

UBA Empowers 400 Youths Across Africa Through Graduate Programme

How Govt Palliatives Push Food Inflation – CBN

Equity Market Sees Second Consecutive Day Of Gains, Investors Gain N303bn

Naira Depreciates Further, Trades At N1,402 Against US Dollar

Shareholder Associations Support Nigerian Breweries’ Rights Issue, Ask Nigerians To Take Advantage

Unstable Customs Duty Exchange Rate Weakens Investors’ Confidence In Nigeria’s Economy – Expert

MTN, Airtel, 9mobile, Glo’s Mobile Subscriptions Drop By 5.4 Million, As NCC Enforces Mandatory NIN-SIM Linkage

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