Business - Page 83

NNPC Seeks New $2 Billion Oil-Backed Loan To Boost Finances

NNPCL Seeks New $2bn Oil-Backed Loan To Boost Finances

NNPCL’s Ongoing Financial Strategies The Nigerian National Petroleum Company Limited (NNPCL) is negotiating a new oil-backed loan to strengthen its finances and support its business activities, according to Mele Kyari, Group Chief

Emmanuel Ochayi

5 months ago

Banks’ Recapitalisation Drives 44% Surge In Nigerian Equities Market

Business·Latest News·Markets

UACN, Africa Prudential, Ikeja Hotel, Others Drive Equity Market Loss Of N114bn

Equity Market Sees a Downturn The Nigerian equities market experienced a decline on Tuesday, falling by 0.20% or N114 billion. This downturn was primarily due to investors selling shares of major companies

Emmanuel Ochayi

5 months ago

Naira Drops To N1606 Per Dollar, Lowest In 3 Weeks At Official Market

Business·Latest News·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 10th July 2024

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN)

Emmanuel Ochayi

5 months ago

Business·Latest News

Apapa Customs Revenue Hits N1.02trn In H1 2024 Amid Trade Volume Decline

In the first half of the year, the Nigeria Customs Service (NCS) generated N1.02 trillion at its Apapa Area Command. This reflects a 143% increase compared to the N421.38 billion earned over

Victor Ezeja

5 months ago

NGX Suspends Trading In Unity Bank, Guinea Insurance, 6 Other Companies’ Shares

Business·Latest News

NGX Suspends Trading In Unity Bank, 7 Other Companies’ Shares

NGX Group has suspended trading in the shares of Unity Bank, Guinea Insurance, and six other companies for non-compliance with filing requirements for 2023. Other firms affected by the suspension include C&I

Victor Ezeja

5 months ago

Business·Latest News

Minister Urges SEC To Tighten Cryptocurrency Oversight, Ensure Market Integrity

Minister of Finance Calls for Stringent Oversight On Cryptocurrency The newly inaugurated board of the Securities and Exchange Commission (SEC) has been called upon to tackle the complexities of regulating cryptocurrencies and

Emmanuel Ochayi

5 months ago

Business·Latest News

Food Inflation Crisis: Nigerian Govt Approves N2trn Package, Suspends Duty On Rice, Wheat, Others

In response to the escalating food inflation crisis, the Federal Government has approved an intervention plan to stabilise and advance the country’s food security. Minister of Agriculture and Food Security, Abubakar Kyari,

Emmanuel Ochayi

5 months ago

Nigeria's Stock Market Dips By 0.21% As Investors Await Key MPC's Decisions

Business·Latest News·Markets

Equity Market Begins Week On Slight Dip Amid Mixed Sentiments

Market Overview Nigeria’s equity market opened the new week on a slightly negative note, dipping by 0.01 per cent. This movement came as investors sold consumer goods stocks despite engaging in bargain

Emmanuel Ochayi

5 months ago

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 18th July 2024

Business·Latest News·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 9th July 2024

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN)

Emmanuel Ochayi

5 months ago

Naira Appreciates To ₦1,600 As Dollar Supply Rises

Business·Latest News

Nigeria’s FX Reserves Rise To $34.66bn, Highest Level In 13 Months

FX Reserves Growth: A 13-month High Nigeria’s external reserves have risen by $1.88 billion to $34.66 billion as of 4 July 2024, marking the highest level in 13 months. This increase is

Emmanuel Ochayi

5 months ago

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Business - Page 83

NNPCL Seeks New $2bn Oil-Backed Loan To Boost Finances

UACN, Africa Prudential, Ikeja Hotel, Others Drive Equity Market Loss Of N114bn

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 10th July 2024

Apapa Customs Revenue Hits N1.02trn In H1 2024 Amid Trade Volume Decline

NGX Suspends Trading In Unity Bank, 7 Other Companies’ Shares

Minister Urges SEC To Tighten Cryptocurrency Oversight, Ensure Market Integrity

Food Inflation Crisis: Nigerian Govt Approves N2trn Package, Suspends Duty On Rice, Wheat, Others

Equity Market Begins Week On Slight Dip Amid Mixed Sentiments

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 9th July 2024

Nigeria’s FX Reserves Rise To $34.66bn, Highest Level In 13 Months

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