Business - Page 90

Vessels Discharge Hitches Causing Fuel Scarcity – NNPC

NNPC Retail Denies ‘Lubricants-for-Petrol’ Claims, Says Investigation Underway

The Nigeria National Petroleum Company (NNPC) Retail Limited has debunked allegations that a pump attendant in one of its outlets coerced customers to purchase lubricants or engine oil as a prerequisite for

Victor Ezeja

5 months ago

Naira Appreciates To ₦1,600 As Dollar Supply Rises

Business·Latest News

Nigeria’s FX Reserves Rise To $34.14bn Amid World Bank Support

Nigeria’s Reserves Hit New High Nigeria’s foreign exchange (FX) reserves have reached $34.14 billion, marking a 4.06% increase from $32.74 billion on June 3, 2024. This data, released by the Central Bank

Emmanuel Ochayi

5 months ago

Africa·Business·Latest News

Naira, Ghana Cedis, Egyptian Pounds Rated Worst Performing Currencies

Devaluation and Market Volatility Hit Naira Hardest The naira has emerged as the worst-performing currency globally in the first half of 2024, according to a Bloomberg report released on Friday. The report

Emmanuel Ochayi

5 months ago

Business·Markets

Financial Markets Week-end Summary – June 28, 2024

Nigeria Borrows N7.71 Trillion In Q1 2024 The Debt Management Office (DMO) reported that Nigeria’s new borrowing in Q1 2024 was N7.71 trillion. This included N2.81 trillion from the N6.06 trillion domestic

Prime Business Africa

5 months ago

Banks’ Recapitalisation Drives 44% Surge In Nigerian Equities Market

Business·Latest News·Markets

NGX All-share Index Breaks Threshold As Oil, Gas Drive Gains

NGX All-share Index Surpasses Psychological Milestone The Nigerian stock market All-share Index (ASI) broke past the 100,000-point threshold as trading activity picked up momentum. The milestone was reached after the stock market

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 29th June 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

Forex Crisis: CBN Sells $122.67m To 46 Authorised BDC Operators

Business·Currency·Latest News

CBN Revises Guidelines For Foreign Currency Deposits

The Central Bank of Nigeria (CBN) has released new guidelines for the deposit of foreign currency notes by Deposit Money Banks (DMBs). In a circular dated 27 June 2024 signed by CBN’s

Victor Ezeja

5 months ago

Business·Latest News

Netizens React As Cost Of Healthy Diet In Nigeria Rises By 32% In 5 Months

The cost of Healthy Diet Soars The cost of a healthy diet (CoHD) in Nigeria has surged by 32 percent, reaching N1,041 per adult per day in May 2024, compared to N786

Emmanuel Ochayi

5 months ago

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Finance & Economy

Nigeria’s External Reserves Rises To $34bn, Highest Since March

Nigeria’s external reserves has surged to $34.07 billion in June. This was revealed in the latest forex reserves data published by the Central Bank of Nigeria (CBN) on its official website. The

Victor Ezeja

5 months ago

AMA News·Business

Mastercard Foundation Fund for Resilience and Prosperity

LONDON, England, 28 June 2024, /African Media Agency/- AFSIC – Investing in Africa is wholly focused on accelerating Africa’s economic emergence by matching investment opportunities in Africa transforming Africa’s business, trade and investment environment sustainably growing Africa’s

Prime Business Africa

5 months ago

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Business - Page 90

NNPC Retail Denies ‘Lubricants-for-Petrol’ Claims, Says Investigation Underway

Nigeria’s FX Reserves Rise To $34.14bn Amid World Bank Support

Naira, Ghana Cedis, Egyptian Pounds Rated Worst Performing Currencies

Financial Markets Week-end Summary – June 28, 2024

NGX All-share Index Breaks Threshold As Oil, Gas Drive Gains

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 29th June 2024

CBN Revises Guidelines For Foreign Currency Deposits

Netizens React As Cost Of Healthy Diet In Nigeria Rises By 32% In 5 Months

Nigeria’s External Reserves Rises To $34bn, Highest Since March

Mastercard Foundation Fund for Resilience and Prosperity

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