Business - Page 136

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

Nigerian Stock Market Sees Dip Of N156bn Amidst Banking Sector Blues

The Nigerian Stock Market on Friday faced a downturn, with the NGX All-Share Index dipping by 298.41 points, settling at 103,437.67 points. This decline mirrors a broader trend of diminishing market performance

Emmanuel Ochayi

8 months ago

Africa·Business·Latest News

AfDB Boosts Nigerian Fertilizer Industry With $75m Loan

The African Development Bank (AfDB) has injected a financial boost into Nigeria’s agricultural sector through a $75 million loan agreement with Indorama Eleme Fertilizer and Chemicals Limited, as announced on Thursday. The

Emmanuel Ochayi

8 months ago

Nigeria's Equity Market: Investors Lose N208bn As Key Index Declines

Business·Latest News·Markets

NGX: Investors Lose N252bn Amidst Bearish Nigerian Exchange Trend

The Nigerian Exchange witnessed a continuation of bearish trading on Thursday, leading to a loss of N252 billion for stock investors. This downturn marks a cumulative loss of approximately N467 billion since

Emmanuel Ochayi

8 months ago

FX Crisis: Financial Expert Urges Diversification To Reduce Dollar Dependence

Business·Latest News·Markets

FX Crisis: How Manufacturers Lost N1.5tn In Six Months, Says MAN

The Manufacturers Association of Nigeria (MAN) has disclosed that its members have experienced losses amounting to at least N1.5tn over the past six months due to a forex-related Crisis (FX Crisis). This

Emmanuel Ochayi

8 months ago

Business·Latest News

Naira Depreciation Spurs Surge In Raw Material Imports To N3trn- NBS Reveals

Imports of raw materials into Nigeria surged by 25 percent to N3 trillion in 2023, driven by the depreciation of the naira against the dollar. This increase was highlighted in the Foreign

Emmanuel Ochayi

8 months ago

Nigeria's Hardship Will Multiply If IMF's Advice On Electricity Subsidy Removal Is Followed, Alaje, Shehu Sani Warn

Business·Power

‘Govt Choking Us With Bills’: Nigerians Kick Against Electricity Tariff Hike

Nigerians have lamented about the potential negative impact of the latest hike in electricity tariff sanctioned by the Federal Government. While some expressed concerns about the inevitable spike in energy costs, and

Victor Ezeja

8 months ago

AMA News·Business

Multilateral Development Banks launch joint tool to assess country Electronic Government Procurement (eGP) Systems

ABIDJAN, Côte d’Ivoire, 2 April 2024 -/African Media Agency(AMA)/-The heads of procurement of the Multilateral Development Banks (MDBs) have collaboratively developed a comprehensive and user-friendly tool for assessing electronic government procurement (e-GP) systems of partner countries.

Prime Business Africa

8 months ago

Business·Latest News

Transcorp Power Records N142.1bn Gross Earnings In 2023, Signaling Robust Growth

Transcorp Power Plc, one of the power subsidiaries of Nigeria’s leading conglomerate, Transnational Corporation Plc (Transcorp), recorded gross earnings of N142.1 billion in FY 2023.

Victor Ezeja

8 months ago

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

Business·Latest News·Markets

NGX Bearish Trend Continues Amidst Bank Recapitalization Plans

The NGX All-Share Index experienced a downward trajectory, reflecting investor concerns over the central bank’s proposed bank recapitalization strategies. Closing at 104,181.32 points, the index saw a decline of 336.82 points compared

Emmanuel Ochayi

8 months ago

Business·Latest News

Nigeria’s Public Debt: 10 Largest Creditors As Of December 2023

As of December 2023, Nigeria’s public debt surged to ₦97.34 trillion, according to data from the Debt Management Office (DMO). This marks a significant increase of 146% from the previous year, a

Emmanuel Ochayi

8 months ago

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Business - Page 136

Nigerian Stock Market Sees Dip Of N156bn Amidst Banking Sector Blues

AfDB Boosts Nigerian Fertilizer Industry With $75m Loan

NGX: Investors Lose N252bn Amidst Bearish Nigerian Exchange Trend

FX Crisis: How Manufacturers Lost N1.5tn In Six Months, Says MAN

Naira Depreciation Spurs Surge In Raw Material Imports To N3trn- NBS Reveals

‘Govt Choking Us With Bills’: Nigerians Kick Against Electricity Tariff Hike

Multilateral Development Banks launch joint tool to assess country Electronic Government Procurement (eGP) Systems

Transcorp Power Records N142.1bn Gross Earnings In 2023, Signaling Robust Growth

NGX Bearish Trend Continues Amidst Bank Recapitalization Plans

Nigeria’s Public Debt: 10 Largest Creditors As Of December 2023

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