Latest News - Page 258

Africa

Nigerian Govt Incurs ₦464.12bn Electricity Subsidy Obligation

Nigeria: Electricity DisCos’ Revenue Drops By 1.13%, Supply Dips By 10.3% In Q1 2024

The total revenue of the 11 electricity distribution companies (DisCos) in Nigeria declined by 1.13 per cent from N294.95 billion in the fourth quarter (Q4) 2023 to N291.62 billion in first quarter

Victor Ezeja

8 months ago

British International Investment Pledges $75m Bond To Boost MSME Projects In Africa

Africa·Latest News·World News

BII Pledges $75m Projects In Africa, India, Others

British International Investment New Investment in Green Projects British International Investment (BII), the UK’s development finance institution and impact investor, has committed $75 million to the second Green Basket Bond. This bond,

Emmanuel Ochayi

8 months ago

Nigerian Stock Market Declines As MPC Retains Key Interest Rates

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

8 months ago

Nigerian Naira Vs US Dollar: What To Expect This week?

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

8 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

8 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

8 months ago

U.S Election: Biden's Raspy Debate Performance Raises Questions About His Future, Trump Allies Claim Victory

U.S Election: Biden’s Raspy Debate Performance Raises Questions About His Future As Trump Allies Claim Victory

Biden Struggles in Debate Against Trump President Joe Biden faced off against former President Donald Trump in their first debate ahead of the November election. Biden’s performance, marked by a raspy

Emmanuel Ochayi

8 months ago

UNILAG Moves To Resolve Radiography Accreditation Crisis

UNILAG, Stakeholders Assist 300-level Student After Viral Video Reveals Poor Living Conditions

The University of Lagos (UNILAG) has responded to the viral video showing the poor living conditions of a 300-level student, expressing gratitude for the widespread support and concern from the community. The

Emmanuel Ochayi

8 months ago

EFCC Boss Seeks Int’l Cooperation As Africa Looses Over $88.6bn To Illicit Financial Flows Annually

EFCC Boss Seeks Int’l Cooperation As Africa Loses Over $88.6bn To Illicit Financial Flows Annually

Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has called for international collaboration in tackling illicit financial flow which poses grave threat to Africa’s economic stability and development. According

Victor Ezeja

8 months ago

Business·Latest News

Nigeria’s Treasury Bills See Strong Demand, Raise N284.26bn

Strong Investor Interest in Latest Treasury Bills Auction The Federal Government of Nigeria, through the Central Bank of Nigeria (CBN), has successfully raised a total of N284.26 billion, in its latest Nigerian

Emmanuel Ochayi

8 months ago

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Latest News - Page 258

Nigeria: Electricity DisCos’ Revenue Drops By 1.13%, Supply Dips By 10.3% In Q1 2024

BII Pledges $75m Projects In Africa, India, Others

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

U.S Election: Biden’s Raspy Debate Performance Raises Questions About His Future As Trump Allies Claim Victory

UNILAG, Stakeholders Assist 300-level Student After Viral Video Reveals Poor Living Conditions

EFCC Boss Seeks Int’l Cooperation As Africa Loses Over $88.6bn To Illicit Financial Flows Annually

Nigeria’s Treasury Bills See Strong Demand, Raise N284.26bn

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