Latest news on business in Nigeria – Page 18 of 28

IMF Urges Nigeria, Sub-Saharan Africa To Ditch Tax Exemptions For Growth

The International Monetary Fund (IMF) has called on Nigeria and Sub-Saharan African nations to prioritize the removal of tax exemptions and boost domestic revenue generation as a means to tackle fiscal deficits.

Emmanuel Ochayi

1 year ago

Binance To Exit Russia Amidst US Sanctions Probe

Business·Currency·Latest News

Binance To Exit Russia Amidst Sanctions Violation Probe By US

Cryptocurrency giant, Binance, on Wednesday, announced decision to divest its Russian operations, citing its commitment to compliance and distancing itself from potential sanctions violations. This comes in the wake of months-long investigations

Emmanuel Ochayi

1 year ago

Mixed Sentiment Drives Nigeria’s Equity Market Down By 0.25% As Investors Show Caution

Business·Markets

Stock Recap: Nigerian Investors Face Turbulent Week, Lose N30.4 Billion

In a week of turbulent market activity, equity investors in Nigeria faced a challenging landscape, with a net loss of N30.379 billion in 38,536 deals, trading 3.911 billion shares, according to data

Emmanuel Ochayi

1 year ago

Africa·Business

Access Holdings Plc Reports 71.39% Profit Surge In H1 2023

Access Holdings Plc has unveiled its half-year financial performance, showcasing a remarkable surge in pre-tax profits, which soared by 71.39% year-on-year, reaching an impressive N167.601 billion. While the headline numbers are impressive,

Emmanuel Ochayi

1 year ago

Aliko Dangote Suffers $681 Million Wealth Plunge As Dangote Cement Slumps

Africa·Business·Finance & Economy·Latest News

Aliko Dangote Suffers $681m Loss As Cement Stock Value Slumps

Africa’s wealthiest industrialist, Aliko Dangote, has experienced a notable decline in his wealth portfolio as Dangote Cement, Nigeria’s most capitalized stock, endured a staggering loss of 8.49%, closing at N334.00 following Friday’s

Emmanuel Ochayi

1 year ago

Petrol Price Rises By 230.78% As Nigerians Paid N626.70 In August

Business·Latest News·Oil & Gas

Petrol Price Rises By 230.78% In 1 Year, Nigerians Paid N626.70 In August

The average retail price of a litre of Premium Motor Spirit (PMS) also known as petrol increased from N189.46 in August 2022 to N626.70 in August 2023, a report by the National

Victor Ezeja

1 year ago

Banks’ Recapitalisation Drives 44% Surge In Nigerian Equities Market

Business·Finance & Economy·Latest News

Nigerian Stock Market: Sunu Assurance, Berger Shine In Downturn

In a display of resilience, the Nigerian stock market weathered a minor dip on Wednesday, with the equity capitalization decreasing by a marginal 0.03 percent. While this translated to a dip of

Emmanuel Ochayi

1 year ago

Hamas Attack On Israel, Rising Tensions Surge Oil Prices

Business·Oil & Gas

Nigeria Continues Subsidy As ₦617 Pump Price Retained Despite Crude Nearing $100 Per Barrel

There are feelers that the Nigerian government has quietly restored the fuel subsidy removed few months ago as it appears to maintain the price cap of ₦617/per litre even when the prices

Victor Ezeja

1 year ago

Business·Oil & Gas

Why Price Of 12.5kg Gas May Hit ₦18k By December In Nigeria

As Nigerians grapple with the High cost of petrol in the last four months, they may yet encounter another surge in price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas.

Victor Ezeja

1 year ago

World Bank Report Reveals 34% of Nigeria’s Education, Health Expenditures Lost Due To Absenteeism

Africa·Business·Finance & Economy·Latest News·World News

Niger Coup Could Deepen Food Crisis Across West Africa- World Bank Warns

The World Bank has raised concerns that the recent coup d’état in Niger could exacerbate food crisis across West Africa, impacting millions of vulnerable people. The global financial institution released its September

Emmanuel Ochayi

1 year ago

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Latest news on business in Nigeria - Page 18

IMF Urges Nigeria, Sub-Saharan Africa To Ditch Tax Exemptions For Growth

Binance To Exit Russia Amidst Sanctions Violation Probe By US

Stock Recap: Nigerian Investors Face Turbulent Week, Lose N30.4 Billion

Access Holdings Plc Reports 71.39% Profit Surge In H1 2023

Aliko Dangote Suffers $681m Loss As Cement Stock Value Slumps

Petrol Price Rises By 230.78% In 1 Year, Nigerians Paid N626.70 In August

Nigerian Stock Market: Sunu Assurance, Berger Shine In Downturn

Nigeria Continues Subsidy As ₦617 Pump Price Retained Despite Crude Nearing $100 Per Barrel

Why Price Of 12.5kg Gas May Hit ₦18k By December In Nigeria

Niger Coup Could Deepen Food Crisis Across West Africa- World Bank Warns

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