All posts in: Business
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3 years agoNaira slides further against dollar as FX scarcity persists
The Nigerian currency, Naira, continued its poor performance against the United States dollar as forex scarcity piled more pressure on the official foreign exc...
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3 years agoInvestors pocket N43.1bn as Nigeria’s stock market ends losses
The Nigerian capital market rebounded from the last three consecutive losses with the equity capitalization closing at N26.81 trillion on Tuesday, IgbereT...
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3 years agoNGX: Zenith Bank among top gainers as investors lose N18.6bn
The Nigerian stock market resumed trading this week, the market capitalisation dropping by -0.06 percent on Monday, IgbereTV reports ...
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3 years agoIgbo Engineer Invents New Automated Traffic Booth that Can Solve Lagos Traffic Problem, Improve Security and Generate Revenue
Igbo Engineer Invents New Automated Traffic Booth that Can Solve Lagos Traffic Problem, Impro...
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3 years agoInvestors drop N189bn as Nigeria’s capital market continues losing streak
Investors in the Nigerian capital market lost N189.06 billion at the close of trading on Friday, IgbereTV reports This followed the dip ...
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3 years agoNaira falls heavily against dollar at official market
The Nigerian currency, Naira, depreciated heavily against the United States dollars at the official market on Thursday, IgbereTV reports After trading activit...
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3 years agoNGX: Market cap slumps to N26.9tr amid losses in Caverton, Stanbic IBTC
Investors in the Nigerian capital market lost N32.83 billion following the crash in equity capitaliza...
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3 years agoDangote Cement, May & Baker propel Nigeria’s capital market to N390.9bn gain
The Nigerian capital market was lifted by the 1.46 percent rise in equity capitalization at the close of trading on Wednesday, IgbereTV repo...
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3 years agoExpert claims Naira overvalued by 200%, begs CBN to set currency free
The Managing Director of Financial Derivatives Company Limited (FDC), Bismarck Rewane, said on Tues...
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3 years agoArdova dismisses reports on winding up of majority investor over $6m debt
Ardova Plc has reacted to reports on the winding up of its largest shareholder, Prudent Energy and Services Limited (PESL), over failure to meet ...
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3 years agoNaira records 0.52% gain over dollar
The Nigerian currency, Naira, recorded a slight gain over the United States dollar at the official exchange market on Tuesday, Igber...
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3 years agoNigeria’s sugar import from Brazil hits N385bn despite CBN’s restriction
Nigeria’s sugar import from Brazil has increased to N385 billion ($592.18 million) despite the Cen...
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3 years agoInvestors lose N120bn amid significant sell-off in Nigeria’s capital market
Investors in the Nigerian capital market lost N120 billion as significant sell-off hit the bour...
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3 years agoNGX: Investors gain N81bn as Honeywell, GTCO lead trades
The equity capitalization in the Nigerian capital market rose to N27.35 trillion at the close of trading on Friday, IgbereTV reports The figure was 0.2 per...
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3 years agoCurrency traders lose millions as Naira gradually recovers
Some Nigerians who decided to buy dollars with the hope of making big gains have been left to count their losses in the last three days, IgbereTV reports ...
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3 years agoPreline Limited to acquire N17.5m Eterna stocks
In October 2021, Preline Limited acquired a majority stake in Eterna, nine months later, the investment company is seeking to acquire another round of shares in the oil an...
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3 years agoHoneywell, Jaiz Bank lead Nigerian capital market’s N364.3bn recovery
The equity capitalization in the Nigerian capital market rose to N27.30 trillion at the close of trading ...
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3 years agoNaira depreciation continues at unofficial market as BDCs tell CBN what to do
The bad performance of the Nigerian currency, Naira continued at the peer-to-peer (P2P) segment...
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3 years agoInvestors lose N281.1bn to massive sell-off in Nigeria’s capital market
Investors in the Nigerian stock market lost a whopping N281.17 billion to massive sell-off on Thursday,...
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3 years agoAt 118.9%, Economist Intelligence Unit ranks Nigeria’s debt-revenue ratio as the worst in the world
Nigeria has attained another dubious global ranking with its debt service ratio now judged to be the highest in the w...
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