News - Page 388

Africa

Nigeria's Equity Market Declines By 1.99% in March Despite Weekly Gains

NGX: Investors Lose N252bn Amidst Bearish Nigerian Exchange Trend

The Nigerian Exchange witnessed a continuation of bearish trading on Thursday, leading to a loss of N252 billion for stock investors. This downturn marks a cumulative loss of approximately N467 billion since

Emmanuel Ochayi

April 5, 2024

FX Crisis: Financial Expert Urges Diversification To Reduce Dollar Dependence

Business·Markets·News

FX Crisis: How Manufacturers Lost N1.5tn In Six Months, Says MAN

The Manufacturers Association of Nigeria (MAN) has disclosed that its members have experienced losses amounting to at least N1.5tn over the past six months due to a forex-related Crisis (FX Crisis). This

Emmanuel Ochayi

April 5, 2024

Business·News

Naira Depreciation Spurs Surge In Raw Material Imports To N3trn- NBS Reveals

Imports of raw materials into Nigeria surged by 25 percent to N3 trillion in 2023, driven by the depreciation of the naira against the dollar. This increase was highlighted in the Foreign

Emmanuel Ochayi

April 5, 2024

Business·News

Transcorp Power Records N142.1bn Gross Earnings In 2023, Signaling Robust Growth

Transcorp Power Plc, one of the power subsidiaries of Nigeria’s leading conglomerate, Transnational Corporation Plc (Transcorp), recorded gross earnings of N142.1 billion in FY 2023.

Victor Ezeja

April 4, 2024

News

EFCC, NSCDC Join Forces To Combat Illegal Mining In Enugu

Economic and Financial Crimes Commission (EFCC) and the Nigeria Security and Civil Defence Corps (NSCDC), have agreed to join forces against illegal mining, illegal oil bunkering and tax evasion in Enugu State.

Victor Ezeja

April 4, 2024

News·Power

Ikeja, Eko DisCos Begin Implementation Of Tariff Increase For Band A Customers

Ikeja Electric and Eko Electricity Distribution Company (EKEDC) have announced their commencement of implementation of the upward review of electricity tariff for customers on Band A feeders

Victor Ezeja

April 4, 2024

Entertainment·Movies·News

Three Nollywood Stars Who Act Their ‘Real’ Professions In Movies

These Nigerian actors have entertained their fans with many top performances in movies and television series.

Izuchukwu Okosi

April 4, 2024

Bobrisky Pleads Guilty To Naira Abuse, Convicted On Four Charges

News

EFCC Questions Bobrisky Over Naira Abuse

Operatives of the Lagos Zonal Command of the Economic and Financial Crimes Commission (EFCC), on Thursday arrested Idris Okuneye, a.k.a Bobrisky, over an allegation of abusing the naira. A statement posted on

Victor Ezeja

April 4, 2024

Attack On Donald Trump 'Distasteful' - Tinubu

News·World News

US Election: Judge Denies Trump Bid To Delay Manhattan Trial

The judge overseeing Donald Trump’s Manhattan trial dismissed his plea to push back the trial date. The ruling clears the way for the trial to proceed, marking a significant development in the

Emmanuel Ochayi

April 4, 2024

NGX ASI Further Drops By 0.67%, As BUA Cement, Eterna Among Top Losers

Business·Markets·News

NGX Bearish Trend Continues Amidst Bank Recapitalization Plans

The NGX All-Share Index experienced a downward trajectory, reflecting investor concerns over the central bank’s proposed bank recapitalization strategies. Closing at 104,181.32 points, the index saw a decline of 336.82 points compared

Emmanuel Ochayi

April 4, 2024

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News - Page 388

NGX: Investors Lose N252bn Amidst Bearish Nigerian Exchange Trend

FX Crisis: How Manufacturers Lost N1.5tn In Six Months, Says MAN

Naira Depreciation Spurs Surge In Raw Material Imports To N3trn- NBS Reveals

Transcorp Power Records N142.1bn Gross Earnings In 2023, Signaling Robust Growth

EFCC, NSCDC Join Forces To Combat Illegal Mining In Enugu

Ikeja, Eko DisCos Begin Implementation Of Tariff Increase For Band A Customers

Three Nollywood Stars Who Act Their ‘Real’ Professions In Movies

EFCC Questions Bobrisky Over Naira Abuse

US Election: Judge Denies Trump Bid To Delay Manhattan Trial

NGX Bearish Trend Continues Amidst Bank Recapitalization Plans

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