Latest news on business in Nigeria – Page 10 of 28

Naira Appreciates To N869/$1 As Experts Debate Stability

Nigerian Naira Plummets To New Low, Hits N1,043.09/$ In Official Market

The Nigerian Naira plunged to a troubling low, closing at N1,043.09 against the dollar, marking a depreciation of 16.35% and signaling deep concerns for the country's economy just days before 2024.

Emmanuel Ochayi

11 months ago

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

Business·Markets

NGX Bounces Back: All-Share Index Surge By 0.99% As MTN, Dangote Top Gainers

The All-Share Index surged by 0.99% to hit a historic high of 74,502.58 points, marking an upturn. Market capitalization also saw a notable climb, closing at N40.769 trillion, up from yesterday’s figures.

Emmanuel Ochayi

11 months ago

Nigerian Equities Surge To Global Top 3, As Returns Hit N8.7trn

Business·Markets

Bearish Trends Persist In Post-Christmas Trading As ASI Dip By 0.34%

The first trading day post-Christmas saw the Nigerian Stock Exchange All-Share Index dip by 0.34%, closing at 73,768.64 points, marking a bearish start after the festive break. According to market analysis, the

Emmanuel Ochayi

11 months ago

Dangote Refinery's Diesel Price Cut Sparks Marketers' Hope For N700/Litre

Business·Latest News·Oil & Gas

Dangote Refinery Moves Closer To Begin Full Operations As It Receives Third Crude Shipments Of 1 Million Barrels

The Dangote Petrochemical Refinery has received its third consignment of one-million-barrel crude oil cargo from Shell International Trading and Shipping Company Limited (STASCO), marking a progression in its quest to commence petroleum

Emmanuel Ochayi

11 months ago

Business

eNaira Sees Surge In Transaction Volume, Yet Adoption Lags Behind

The Central Bank of Nigeria (CBN) has revealed 284.6% increase in eNaira transaction volume for August 2023, reaching N9.78 billion, as reported in its Monthly Economic Report. Despite this spike, eNaira’s ratio

Emmanuel Ochayi

11 months ago

Business·Oil & Gas

Nigeria’s Riverside LNG To Supply Gas To South Africa

Nigeria-based Riverside LNG is engaging in discussions to supply gas to South Africa, marking the potential initiation of the first-ever gas deal between the two nations. Bloomberg reported on Wednesday that the

Emmanuel Ochayi

11 months ago

71.4% Of Nigerians Call For Interest Rate Reduction – CBN Survey

Business·Latest News

CBN Lifts Restrictions On Cryptocurrency Transactions In Banks

The Central Bank of Nigeria has announced a review of its restrictions on cryptocurrency transactions in the country.

Victor Ezeja

11 months ago

Business·Latest News

BVN Registration Hits 59.9 Million As CBN Deadline Approaches

Latest data released by the Nigeria Inter-Bank Settlement System (NIBSS) revealed a surge in Bank Verification Number (BVN) registrations, reaching 59.9 million as of December 18, 2023

Emmanuel Ochayi

11 months ago

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

Business·Latest News

Naira Slumps To N861.91/$1 In Official Market, As Expert Seeks Robust Economic Reforms

Nigerian Naira witnessed a 0.85% decline, closing at N861.91/$1 at the official market on Thursday, revealing an ongoing economic challenge.

Emmanuel Ochayi

11 months ago

Foreign Investors Capitalize On Nigeria’s Manufacturing Potential - Expert

Business

Investment In Nigerian Manufacturing Sector Drops By N368bn In 8 Years – Report

Economic reports from the Manufacturers Association of Nigeria (MAN) reveal a downturn in investments within Nigeria's manufacturing sector, plummeting by N367.79 billion between 2014 and 2022.

Emmanuel Ochayi

11 months ago

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Latest news on business in Nigeria - Page 10

Nigerian Naira Plummets To New Low, Hits N1,043.09/$ In Official Market

NGX Bounces Back: All-Share Index Surge By 0.99% As MTN, Dangote Top Gainers

Bearish Trends Persist In Post-Christmas Trading As ASI Dip By 0.34%

Dangote Refinery Moves Closer To Begin Full Operations As It Receives Third Crude Shipments Of 1 Million Barrels

eNaira Sees Surge In Transaction Volume, Yet Adoption Lags Behind

Nigeria’s Riverside LNG To Supply Gas To South Africa

CBN Lifts Restrictions On Cryptocurrency Transactions In Banks

BVN Registration Hits 59.9 Million As CBN Deadline Approaches

Naira Slumps To N861.91/$1 In Official Market, As Expert Seeks Robust Economic Reforms

Investment In Nigerian Manufacturing Sector Drops By N368bn In 8 Years – Report

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