Business - Page 133

List Of 7 African Presidents To Join Aliko Dangote To Commission World’s Largest Refinery Today

Oil Marketers Call For Reduction In Dangote Diesel Price To N850/Litre

Oil marketers in Nigeria are pushing for a price cut in diesel produced by the Dangote Petroleum Refinery, urging a reduction to between N700 and N850 per litre. They argue that the

Emmanuel Ochayi

8 months ago

UBA Shines With 371% Profit Surge In H1 2023

Business·Latest News

UBA Gross Earnings Rises By 143% In 2023, Profit Hits N757.7bn

The bank’s total assets rise by 90.2% to N20.65 trillion; shareholders’ funds grows to N2.0 trillion, achieving an impressive growth of 120.2% Africa’s Global Bank, United Bank for Africa (UBA) Plc,

Victor Ezeja

8 months ago

Global Trade To Surge By 2.3% In 2024 - World Bank

Business·Latest News

Nigeria’s Inflation Expected To Drop To 15.1% In 2026, Says World Bank

The World Bank has projected Nigeria’s inflation to drop to 15.1% by 2026. In a report by the World Bank titled “African Pulse,” Nigeria’s economic outlook was examined, with a focus on

Emmanuel Ochayi

8 months ago

Business·Latest News

NACCIMA Urges Release Of 2024 Fiscal Policy To Tackle Economic Uncertainties

NACCIMA, representing the interests of businesses across Nigeria, has formally reached out to the Minister of Finance, Olawale Edun, emphasizing the urgent need for the disclosure of the 2024 government fiscal policy.

Emmanuel Ochayi

8 months ago

Fuel Subsidy: World Bank Must Allow Africa’s Poor Breathe

Africa·Business·Latest News·World News

World Bank: Trade Cost In Africa 5 Times Higher Than United States, Cites Insecurity, Poor Infrastructure, Others As Causes

The World Bank highlighted disparities in trade costs across African countries compared to the United States. According to the report, trade expenses in nations like Nigeria and Ethiopia are four to five

Emmanuel Ochayi

8 months ago

Naira Strengthens To N1,576 As Dollar Supply Rises

Business·Currency

Economic Expert Highlights Implications Of CBN’s Forex Sales To BDCs

A financial analyst and educator, Kalu Ajah, has highlighted the implications of forex sales to Bureau de Change (BDC) operators by the Central Bank of Nigeria (CBN) at a lower rate.

Victor Ezeja

8 months ago

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

Business·Latest News·Markets

NGX Investors Witness N220bn Loss Amidst Market Volatility

NGX Investors in the Nigerian equities market found themselves grappling with a loss of N220 billion as trading came to a close on Monday. This downturn was underscored by the dip in

Emmanuel Ochayi

8 months ago

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

Business·Currency·Finance & Economy·Latest News

Why CBN Banned Use Of Foreign Currency Collaterals For Naira Loans

The Central Bank of Nigeria (CBN) has tightened regulations surrounding loan collaterals, specifically targeting the use of foreign currencies.

Emmanuel Ochayi

8 months ago

Africa·Business·Latest News

Nigeria To Receive $1bn Afreximbank Loan In May For Bolstering Economy

Nigeria is gearing up to receive a significant financial injection of $1.05 billion from Afreximbank, set to be unleashed next month. This syndicated loan, intricately linked to the nation’s oil reserves, aims

Emmanuel Ochayi

8 months ago

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

Business·Latest News

DisCos Blame Technical Glitches For Inability To Maintain 20-Hour Power Supply

Several electricity distribution companies, commonly known as DisCos, are facing challenges in providing the mandated 20-hour power supply to customers on Band A feeders. This failure has led to apologies and explanations

Emmanuel Ochayi

8 months ago

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Business - Page 133

Oil Marketers Call For Reduction In Dangote Diesel Price To N850/Litre

UBA Gross Earnings Rises By 143% In 2023, Profit Hits N757.7bn

Nigeria’s Inflation Expected To Drop To 15.1% In 2026, Says World Bank

NACCIMA Urges Release Of 2024 Fiscal Policy To Tackle Economic Uncertainties

World Bank: Trade Cost In Africa 5 Times Higher Than United States, Cites Insecurity, Poor Infrastructure, Others As Causes

Economic Expert Highlights Implications Of CBN’s Forex Sales To BDCs

NGX Investors Witness N220bn Loss Amidst Market Volatility

Why CBN Banned Use Of Foreign Currency Collaterals For Naira Loans

Nigeria To Receive $1bn Afreximbank Loan In May For Bolstering Economy

DisCos Blame Technical Glitches For Inability To Maintain 20-Hour Power Supply

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