Finance & Economy - Page 58

Naira Depreciation Deals Heavy Blow As Dangote, Nestle Nigeria, MTNN, Others Lose N1.7trn

Major players in Nigeria’s corporate landscape, including Dangote Group, Nestle Nigeria, and MTN Nigeria, among others, faced a loss of N1.7 trillion due to naira depreciation in 2023. This loss was revealed

Emmanuel Ochayi

8 months ago

CBN’s New Directive Forces Adaora Umeoji Out Of Zenith Bank

Business·Finance & Economy

Zenith Bank Appoints First Female GMD/CEO, Adaora Umeoji

Zenith Bank Plc has announced the appointment of Dr Adaora Umeoji as the Group Managing Director/Chief Executive Officer of the company.

Victor Ezeja

8 months ago

Savannah Energy’s Income Rises By 40% To $233.4m In H1 2024

Business·Oil & Gas

Savannah Energy Signs Share Purchase Agreements To Acquire 49% Interest In Stubb Creek Field, Nigeria

Savannah Energy PLC, the British independent energy company has signed separate Share Purchase Agreements (SPAs) with Sinopec International Petroleum Exploration and Production Corporation (SIPEC) and Jagal Ventures Limited to acquire 100 per

Victor Ezeja

8 months ago

Nigeria: Top 10 Performing Sectors By VAT Contribution In Q1 2024

Business·Finance & Economy

Nigeria’s VAT Collections Increase By 72.12% YoY Record N1.20trn In Q4 2023

Nigeria recorded a total of N1.20 trillion as Value Added Tax (VAT) contributions to the economy in the fourth quarter (Q4) of 2023.

Victor Ezeja

8 months ago

Israel-Iran Crisis: Crude Oil Prices Will Rise Above $90 Per Barrel If Conflict persists

Latest News·Markets·Oil & Gas·World News

Crude Oil Prices Surge To $86 Amidst Ukraine’s Attacks On Russian Refineries

The global crude oil market has been rocked by a surge in prices, triggered by relentless attacks on Russian refineries by Ukrainian fighters. Within just a week, prices of various crude oil

Emmanuel Ochayi

8 months ago

Business·Currency·Latest News·Markets

FX: Naira Depreciates To N1,610/$1 At Parallel Market

The Naira experienced a setback on Monday, slipping to N1,610 against the Dollar in the parallel section of the foreign exchange (FX) market. This marks a 0.63 percent decline from the N1,600/$

Emmanuel Ochayi

8 months ago

Africa·Business·Currency·Latest News

Binance: Court Orders Disclosure Of Nigerian Users To EFCC

A Federal High Court in Abuja has directed Binance Holdings Limited to furnish the Economic and Financial Crimes Commission (EFCC) with comprehensive information regarding Nigerian traders on its platform. The court issued

Emmanuel Ochayi

8 months ago

Customs Exchange Rate For Cargo Clearance Drops By 5.3% In 1 Week

Business·Finance & Economy

Customs Exchange Rate For Import Duty Drops To N1593/$

The Nigeria Customs exchange rate for calculating import duty at the ports has decreased by N31.32 to N1593.41/$ from N1,624.732/$ last week.

Victor Ezeja

8 months ago

Nigeria's Inflation Rate Hits 33.88% In October Amid Fresh Fuel Price Spike

FEATURES·Finance & Economy

Nigeria: Why Inflation Keeps Rising

Surging inflation in Nigeria has, in the views of economic experts, plunged the West African country into the worst economic crisis in years,

Victor Ezeja

8 months ago

Finance & Economy·Latest News·Politics

Budget Padding: How Nigeria Has Spent N2trn On Constituency Projects From 2003 To Date

Amid the clamor and consternation surrounding the purported N3.7 trillion budget padding by senators, a startling revelation has emerged, shedding light on Nigeria’s expenditure of N2 trillion on constituency projects since 2003.

Emmanuel Ochayi

8 months ago

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Finance & Economy - Page 58

Naira Depreciation Deals Heavy Blow As Dangote, Nestle Nigeria, MTNN, Others Lose N1.7trn

Zenith Bank Appoints First Female GMD/CEO, Adaora Umeoji

Savannah Energy Signs Share Purchase Agreements To Acquire 49% Interest In Stubb Creek Field, Nigeria

Nigeria’s VAT Collections Increase By 72.12% YoY Record N1.20trn In Q4 2023

Crude Oil Prices Surge To $86 Amidst Ukraine’s Attacks On Russian Refineries

FX: Naira Depreciates To N1,610/$1 At Parallel Market

Binance: Court Orders Disclosure Of Nigerian Users To EFCC

Customs Exchange Rate For Import Duty Drops To N1593/$

Nigeria: Why Inflation Keeps Rising

Budget Padding: How Nigeria Has Spent N2trn On Constituency Projects From 2003 To Date

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