Latest news on business in Nigeria – Page 13 of 28

NGX: Investors Gain N313bn As ASI Rebound By 0.70%

NGX Starts November Strong As ASI Breaks 70,000 With AIRTERLAFRI, FBNH Leading Gainers

Nigerian Stock Exchange (NGX) kicked off November with triumph, as the All-Share Index (ASI) shattered the 70,000 mark, culminating in a close at 70,581.76 points.

Emmanuel Ochayi

1 year ago

Business·Latest News·Markets

Nigerian Stock Market Surges By 4.3% To Close October Amid Economic Uncertainties

Equities trading on the Nigerian Exchange Limited (NGX) defied economic headwinds to close the month of October on a high note.

Emmanuel Ochayi

1 year ago

Group Praises Lagos Internal Revenue Service Whistle-blower Initiative

Business·Latest News

LIRS Cracks Down On Tax Evaders, Shuts 34 Corporations, 23 Hospitality Firms

In a crackdown on tax evaders, the Lagos State Internal Revenue Service (LIRS) has closed down 34 corporate organizations and 23 hospitality businesses for failing to remit Personal Income Taxes and Consumption

Emmanuel Ochayi

1 year ago

In a groundbreaking move set to reshape the economic landscape of Africa, the United Bank of Africa (UBA) has unveiled a colossal $6 billion financing initiative aimed at turbocharging the growth of Small and Medium Enterprises (SMEs) across the continent.

Business·Latest News

UBA Records 86.64% PBT Growth In Q3, 2023

United Bank for Africa Plc has just unveiled its third-quarter results for 2023, reporting 86.64% year-on-year growth in pre-tax profits, reaching N98.444 billion. This performance has pushed the nine-month pre-tax profits to

Emmanuel Ochayi

1 year ago

Business·Markets

Equity Surges By N536bn In Nigeria’s Capital Market With 1.45% ASI Gain

In the begining of the week, the Nigerian stock market witnessed a surge as the All-Share Index (ASI) soared by 1.45%. Closing at a commanding 68,111.71 index points, it marked an uptick

Emmanuel Ochayi

1 year ago

Naira Rises Against Dollar, Ends Week On Positive Note

Business·Currency

Naira Hits All-Time Low As Exchange Rate Dips To N993/$1 On Official NAFEM

Nigerian naira has reached an unprecedented low in the official market, as the exchange rate plummeted to N993 per US dollar on the Nigerian Foreign Exchange Market (NAFEM), marking a colossal 20.5%

Emmanuel Ochayi

1 year ago

Business

MTN Records 75.7% Decline On PBT In Q3

MTN Nigeria Communications Plc reported a 75.7% decline in its profit before tax (PBT) for the third quarter of 2023, amounting to N32.08 billion. This contrast with the N132.04 billion recorded in

Emmanuel Ochayi

1 year ago

Business·Latest News

NAMA Seeks Exemption Of Aviation Agencies From Treasury Single Account

NAMA has added its voice to the growing call by aviation agencies seeking exemption from the Treasury Single Account (TSA).

Emmanuel Ochayi

1 year ago

Business·Latest News

Transcorp Hotels Records 62% Profit Growth In Impressive Q3 Financials

Transcorp Hotels PLC has released its financial performance for the third quarter of 2023, which indicated a robust year-on-year growth across all benchmarks to the tune of 31.76 per cent.

Victor Ezejaand

Admin

1 year ago

Business·Latest News

Nigerian Govt Expects Injection Of $10bn Within Weeks To Ease FX Crisis

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has disclosed that the country is expecting an inflow of $10bn in Foreign Exchange in the coming weeks. He stated

Abigail Erhiagboje

1 year ago

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Latest news on business in Nigeria - Page 13

NGX Starts November Strong As ASI Breaks 70,000 With AIRTERLAFRI, FBNH Leading Gainers

Nigerian Stock Market Surges By 4.3% To Close October Amid Economic Uncertainties

LIRS Cracks Down On Tax Evaders, Shuts 34 Corporations, 23 Hospitality Firms

UBA Records 86.64% PBT Growth In Q3, 2023

Equity Surges By N536bn In Nigeria’s Capital Market With 1.45% ASI Gain

Naira Hits All-Time Low As Exchange Rate Dips To N993/$1 On Official NAFEM

MTN Records 75.7% Decline On PBT In Q3

NAMA Seeks Exemption Of Aviation Agencies From Treasury Single Account

Transcorp Hotels Records 62% Profit Growth In Impressive Q3 Financials

Nigerian Govt Expects Injection Of $10bn Within Weeks To Ease FX Crisis

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