Reading Time: 2 minutes The Nigerian stock market started the month of July off very positive as investors made a huge profit of N534 billion on the first trading…
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Category: Business
NGX’s Trading Licence Holders’ Rules Are Approved By The SEC
Reading Time: < 1 minutes Nigerian Exchange (NGX) Limited, said the Securities and Exchange Commission (SEC) has approved trading licence holders’ rules to enable entities that are not dealing members…
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Manufacturers Charge The Federal Government For Measuring 90% Of Electricity Consumers Amid Planned Tariff Increase
Reading Time: 2 minutes Manufacturers have requested the federal government to ensure that at least 90% of electricity consumers are metered as part of the proposal to increase electricity…
View More Manufacturers Charge The Federal Government For Measuring 90% Of Electricity Consumers Amid Planned Tariff Increase
Naira Drops To N770.38/$ As I&E Is Affected By Demand Pressure.
Reading Time: 2 minutes Following a sharp increase in demand for dollars that was made worse by a severe lack of supply, the Naira sank by 16% yesterday to…
View More Naira Drops To N770.38/$ As I&E Is Affected By Demand Pressure.
Oye And Okonjo-Iweala Will Speak At The World Chambers Congress About Nigeria’s Opportunities.
Reading Time: 2 minutes At the World Chambers Congress, Dele Oye, national president of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), and Dr. Ngozi…
View More Oye And Okonjo-Iweala Will Speak At The World Chambers Congress About Nigeria’s Opportunities.
Tinubu Launches Monetary Policy Changes And Floates The Naira
Reading Time: < 1 minutes The new management of the Central Bank of Nigeria (CBN) yesterday adopted a clean float foreign exchange management, a choice it had previously disallowed, in…
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Nigeria Is Losing A lot Of Money Due To High Port Fees And Antiquated Clearing Procedures.
Reading Time: < 1 minutes Port costs, an antiquated clearing procedure, and a lack of automation work against the effectiveness and efficiency of Nigerian seaports. Nigerian ports are now ineffective…
View More Nigeria Is Losing A lot Of Money Due To High Port Fees And Antiquated Clearing Procedures.
7 Days Of Consistent Closing At The Official Market
Reading Time: < 1 minutes At Nigeria’s official foreign exchange (FX) market, the Investors and Exporters (I&E) forex window, the country’s currency yesterday lost 1.02 percent of its value (N4.83/$1).…
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As The Federal Government Restricts MDAs’ Accounts, Transactions Suffer
Reading Time: < 1 minutes Following a presidential mandate to the Central Bank of Nigeria (CBN) to place an embargo on their accounts, the federal government’s online financial activities have…
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Nigeria’s Economic Growth Is Too Modest, According To The World Bank, To Eradicate Poverty.
Reading Time: 2 minutes Yesterday, the World Bank issued a warning that Nigeria’s economic expansion is too sluggish to deal with the issue of extreme poverty in the nation.…
View More Nigeria’s Economic Growth Is Too Modest, According To The World Bank, To Eradicate Poverty.