Latest news on business in Nigeria – Page 14 of 28

NGX: Investors Gain N313bn As ASI Rebound By 0.70%

VFG Group, McNichols Among Top Losers As Capitalization Dips By N22bn

Equities at the Nigerian Exchange Limited (NGX) kicked off yesterday with a twist as market capitalization dipped by N22 billion, with a slump in the shares of VFG Group and 20 other

Emmanuel Ochayi

1 year ago

Nigeria’s Oil Production Declines By 33,000 Barrels As OPEC Reports Setback In September

Business·Oil & Gas

OPEC Canvasses $14trn Investment To Meet Soaring Global Oil Demand

OPEC Secretary General, Haitham Al Ghais, has made an urgent call for a $14 trillion investment between 2023 and 2045 in a plea to address the escalating global thirst for oil and

Emmanuel Ochayi

1 year ago

Business·Latest News

Nigerian Govt Approves $3.45bn ‘Empowerment Loans’ For Power, Others

The Nigerian government during the Federal Executive Council (FEC) meeting on Monday granted approval for a series of ’empowerment loans’ totaling $3.45 billion. These funds are earmarked for projects spanning the power

Emmanuel Ochayi

1 year ago

Finance & Economy·Latest News

Lagos, Rivers, FCT Lead As States Generate N1.93tn – NBS

Lagos, Rivers, and the Federal Capital Territory (FCT) emerged as the frontrunners in state-generated revenue, with a collective total of N1.93 trillion in 2022. Data released by the National Bureau of Statistics

Emmanuel Ochayi

1 year ago

Business

Inflation Surges To 27.54% In October, Naira Depreciates, Stock Market Fluctuates Amid Economic Uncertainty

Nigeria’s inflation rate is projected to surge by 83 basis points year-on-year to reach 27.54% in October, marking a 1.9% increase when compared to the previous month’s figure of 26.72%. Analysts from

Emmanuel Ochayi

1 year ago

Marketers Assure Petrol Price Drop, Zero Scarcity During Yuletide

Business·Latest News·Oil & Gas

Petrol Price Jumped To N626.21 In September – NBS

NBS) on Saturday disclosed that the average retail price of a litre of premium motor spirit (otherwise called petrol) increased from N191.65 in September 2022 to N626.21 in September 2023.

Emmanuel Ochayi

1 year ago

How EFEMS Transparency Fuels Naira Demand In Parallel Market

Business·Currency·Latest News

ACTN Tasks Nigerian Govt On Tackling Widening Naira-Dollar Disparity

The Association of Corporate Treasurers of Nigeria (ACTN) has voiced their concern about the ongoing depreciation of the Naira against the dollar.

Emmanuel Ochayi

1 year ago

Naira Depreciates To N1,542 Per Dollar At Official Market

Business·Currency

Naira Exchange Rate Dips 5.4% To N808/$ Official, N1,170/$1 Black Market

The naira has experienced a 5.4% decline affecting both the official and black markets. The official rate on the NAFEM closed at N808/$1, while the parallel market saw N1170/$1. This downturn marks

Emmanuel Ochayi

1 year ago

Business·Latest News·Oil & Gas

OPEC Envisions Medium-Term Emergence Of Modular Refineries In Nigeria

OPEC) has announced that Nigeria is on the verge of a transformation in its energy sector with the establishment of medium-term modular refineries with a daily production capacity of 20,000 barrels each.

Emmanuel Ochayi

1 year ago

Business·Markets

Oando, Omatek Top Losers In N90bn Market Capitalization Drop

Nigerian Exchange Limited (NGX) experienced a rocky start as it reopened for transactions on Monday, with the market capitalization plummeting by N90 billion.

Emmanuel Ochayi

1 year ago

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Latest news on business in Nigeria - Page 14

VFG Group, McNichols Among Top Losers As Capitalization Dips By N22bn

OPEC Canvasses $14trn Investment To Meet Soaring Global Oil Demand

Nigerian Govt Approves $3.45bn ‘Empowerment Loans’ For Power, Others

Lagos, Rivers, FCT Lead As States Generate N1.93tn – NBS

Inflation Surges To 27.54% In October, Naira Depreciates, Stock Market Fluctuates Amid Economic Uncertainty

Petrol Price Jumped To N626.21 In September – NBS

ACTN Tasks Nigerian Govt On Tackling Widening Naira-Dollar Disparity

Naira Exchange Rate Dips 5.4% To N808/$ Official, N1,170/$1 Black Market

OPEC Envisions Medium-Term Emergence Of Modular Refineries In Nigeria

Oando, Omatek Top Losers In N90bn Market Capitalization Drop

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