Latest news on business in Nigeria – Page 4 of 28

The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

Nigeria’s Equity Market Closes Week On Positive Note Despite Protests

The Nigeria’s equity market on Friday, August 2, defied the nationwide protest against bad governance, and ended the week on a positive note, gaining by 0.40 per cent. This is the first

Victor Ezeja

August 3, 2024

Naira vs Dollar: What To Expect This Week (24th-30th, March 2025)

Business·Currency·Finance & Economy·News

Naira Weakens Again, Falls To N1,617/$ At Official Market

After two days of respite, the value of the naira on Friday, 2nd August 2024, depreciated to N1617.08/$ at the official market. This reflects 3.0 per cent depreciation when compared to N1,570/$

Victor Ezeja

August 3, 2024

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

Business·Markets

NGX ASI Falls 0.31% As United Capital, Nestle Among Top Equity Losers

Nigeria’s equity market again experienced a decline on Tuesday as Nestle Nigeria, United Capital, Africa Prudential, Academy Press, and Thomas Wyatt emerged top 5 losers. Nestle Nigeria had a decline of N90,

Victor Ezeja

July 31, 2024

CPPE Highlights Why Nigerian Govt Should Review Customs FX Rate For Cargo Clearance

Business·Finance & Economy

Customs Exchange Rate For Import Duties Rises To N1601/$

The Nigeria Customs Service Exchange Rate for calculating duties collections at the ports has risen to N1601.86/$ as the naira value tumbles. The customs exchange rate for import duties had dropped to

Victor Ezeja

July 28, 2024

Finance & Economy·News

Nigerian Govt Ends Ways And Means Borrowing Era – Edun

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has stated that the Federal Government has exited from the Ways and Means borrowing mechanism. Mr Edun stated this

Victor Ezeja

July 26, 2024

Capital Importation: Banking Sector Records Highest Inflow In Q3 2024

Business·Finance & Economy·News

Nigeria’s External Reserves Rise To $37bn, Gain $2.35bn In 18 Days

Nigeria’s external reserves have increased to $37.05 billion as of July 18, 2024. This amounts to $2.35 billion or 6.7 per cent increase from $34.70 billion in June 2024. This was revealed

Victor Ezeja

July 23, 2024

Nigerian Govt Spends More On Debt Servicing Than Capital Expenditure, Personnel Costs, In Q1 2024

Finance & Economy·News

Nigeria Spends More On Debt Servicing Than Capital Expenditure, Personnel Costs In Q1

The Federal Government spent more on debt servicing than on capital expenditures and personnel costs in the first quarter (Q1) of 2024. This means approximately 74 per cent of the Federal Government’s

Victor Ezeja

July 22, 2024

Business·News·Oil & Gas

Dangote Counters NMDPRA’s Inferior Diesel Allegations, Invites Regulators To Test Refinery’s Products

Chief Executive Officer (CEO) of Dangote Refinery, Aliko Dangote, has refuted allegations by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) that the refinery is producing inferior quality diesel. Dangote, who

Victor Ezeja

July 21, 2024

Business·News·Oil & Gas

TotalEnergies Sells Onshore Oil Asset In Nigeria To Chappal Energies For $860m

TotalEnergies has signed a Share Purchase Agreement (SPA) with Mauritius-based energy firm, Chappal Energies, to sell its minority interest in a Nigerian onshore oil joint venture for $860 million. The French energy

Victor Ezeja

July 17, 2024

Currency·Finance & Economy·News

Nigeria’s Foreign Reserves Hit $35.05bn, Highest Since Tinubu Assumed Office

Nigeria’s foreign reserves on Wednesday, surged to $35.05 billion being the highest since President Bola Tinubu assumed office last year. This is data according to data obtained from the Central Bank of

Victor Ezeja

July 11, 2024

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Latest news on business in Nigeria - Page 4

Nigeria’s Equity Market Closes Week On Positive Note Despite Protests

Naira Weakens Again, Falls To N1,617/$ At Official Market

NGX ASI Falls 0.31% As United Capital, Nestle Among Top Equity Losers

Customs Exchange Rate For Import Duties Rises To N1601/$

Nigerian Govt Ends Ways And Means Borrowing Era – Edun

Nigeria’s External Reserves Rise To $37bn, Gain $2.35bn In 18 Days

Nigeria Spends More On Debt Servicing Than Capital Expenditure, Personnel Costs In Q1

Dangote Counters NMDPRA’s Inferior Diesel Allegations, Invites Regulators To Test Refinery’s Products

TotalEnergies Sells Onshore Oil Asset In Nigeria To Chappal Energies For $860m

Nigeria’s Foreign Reserves Hit $35.05bn, Highest Since Tinubu Assumed Office

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