Business - Page 21

Naira Gains Stability But Caution Needed, Rewane Warns

Imported Poverty: How Nigeria’s Love For Foreign Goods Is Killing Naira

In the bustling markets of Lagos, a troubling trend is unfolding. Despite the nation’s rich resources and entrepreneurial spirit, Nigerians’ preference for imported goods is exacerbating the naira’s decline to N1658 currently,

Emmanuel Ochayi

1 month ago

Nigeria's Equity Market Declines As Investors Sell Oando, Honeywell Flour Mills, Others

Business·Latest News·Markets

Nigeria Equity Market Sees Largest 2025 Decline As NGX Loses N1.06trn

The Nigerian equities market witnessed its largest daily decline of 2025 on Tuesday, resulting in a significant N1.064 trillion loss. This downturn marks a 1.66 percent drop, the highest negative swing recorded

Emmanuel Ochayi

1 month ago

Business

NO Cash In ATMs: CBN Slams N1.35bn On 9 Banks

The Central Bank of Nigeria (CBN), has imposed fines totalling on N1.350 billion on nine Deposit Money Banks (DMBs) over failure to dispense cash through their Automated Teller Machines (ATMs) during the

Victor Ezeja

1 month ago

Business·Latest News·Tech News

Tariff Hike Looms As Telecos, ICT Firms Deal with Rising Debt

Technology and telecom companies in Nigeria are dealing with significant financial difficulties as they collectively owed N1.69 trillion to banks as of September 2024. Despite this hefty debt, these companies are pushing

Emmanuel Ochayi

1 month ago

Business·Latest News·Oil & Gas

Fuel Price Hike Sparks Concerns As Depot Costs Hit N950/litre

The loading cost of Premium Motor Spirit (petrol) and other refined petroleum products at depots surged on Monday, causing widespread concern among consumers and industry stakeholders. It was reported that petrol and

Emmanuel Ochayi

1 month ago

Naira Strengthens To N1,535/$1 As Market Confidence Improves

Business·Currency·Latest News·Markets

Naira Opens Week With Further Depreciation

The naira began the new week on a negative note as it recorded further depreciation at the foreign exchange market on Monday, 13th January. The Nigeria Foreign Exchange Market (NFEM) data published

Victor Ezeja

1 month ago

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 24th October 2024

Business·Latest News·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 14th January 2025

What is the Dollar to Naira Exchange rate at the black market, like the Aboki Fx? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN) in the parallel market

Victor Ezeja

1 month ago

Nigeria's Equity Market Declines By 0.11% As Investors Trade Cautiously

Business·Latest News·Markets

Stock Market Declines By 0.08%, Defies Bullish Start Expectations For New Week

Nigeria’s equities market began the new week on a cautious note, decreasing by 0.08 per cent or N52 billion. This defied the expectations of many analysts who predicted a bullish start. The

Emmanuel Ochayi

1 month ago

Business

UBA Rewards Customers With Over N41m In Legacy Promo

United Bank for Africa (UBA) Plc has spent not less than N41.8 million in prizes to over 100 lucky customers in its just concluded UBA Legacy Promo series. The promo, which began

Victor Ezeja

1 month ago

Business·Latest News·Oil & Gas

Fuel Price Hike Looms As Global Crude Nears $80/barrel- Experts Warn

The possibility of a fuel price hike looms as the price of Brent crude oil, the global benchmark, surged to $79.76 per barrel on Sunday. This increase, up from $72.88 in December

Emmanuel Ochayi

2 months ago

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Business - Page 21

Imported Poverty: How Nigeria’s Love For Foreign Goods Is Killing Naira

Nigeria Equity Market Sees Largest 2025 Decline As NGX Loses N1.06trn

NO Cash In ATMs: CBN Slams N1.35bn On 9 Banks

Tariff Hike Looms As Telecos, ICT Firms Deal with Rising Debt

Fuel Price Hike Sparks Concerns As Depot Costs Hit N950/litre

Naira Opens Week With Further Depreciation

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 14th January 2025

Stock Market Declines By 0.08%, Defies Bullish Start Expectations For New Week

UBA Rewards Customers With Over N41m In Legacy Promo

Fuel Price Hike Looms As Global Crude Nears $80/barrel- Experts Warn

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