All posts in: Business
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2 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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2 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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2 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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2 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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2 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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2 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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2 years agoBREAKING!!! Naira Crashes To 710 Naira Per Dollar
The naira has crashed further in the parallel market, trading for N710 against the U.S. dollar on the exchange platform Aboki Forex. Checks on Wednesday showed the cu...
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2 years agoBUA Cement’s rising production costs threaten shareholders’ investment
BUA Cement, owned by billionaire, Abdulsamad Rabiu, reported its revenue grew by 51.7% in the second quarter of 2022. While this is an impressiv...
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2 years agoNaira depreciates to N685/$1
The Nigerian currency has fallen significantly both at the official and unofficial markets, IgbereTV reports According to data released by the Nigerian Autonomous Foreign Exchange Fix...
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2 years agoInvestors lose N516.6bn as Nigeria’s capital market continues bearish run
The Nigerian capital market continued to suffer significant losses after the bourse’s share depreciated by -1.86 percent on Tuesday IgbereT...
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2 years agoIMF retains 3.4% growth prospect for Nigeria amid soaring inflation
The International Monetary Fund (IMF) retained the 3.4 percent growth projection for the Nigerian economy this year despite soaring inflation, and the ...
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2 years agoDangote expects refinery project to boost Nigeria’s export earnings, foreign reserves
Aliko Dangote, the founder of Dangote Cement, said his crude oil refinery plant would help Nigeria solve its foreign currency scarc...
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2 years agoAccess Bank secures US corporation’s $280m support for SMEs
The United States International Development Finance Corporation (DFC) and Access Bank Plc have signed an agreement on a $280 million support for Small and Me...
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2 years agoCBN struggles to help Naira as it continues poor performance against US dollar
The Central Bank of Nigeria is finding it extremely difficult to stop the poor performance of the Nigerian currency, IgbereTV reports ...
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2 years agoNaira falls to N630/$1 at the black market
Nigerian currency has dropped to a record low at the black market as forex scarcity gives room for traders to profit, IgbereTV reports According to information from some...
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2 years agoAirtel Nigeria stock hit 52-week high on back of N142.05bn loss
Investors holding Airtel Nigeria shares went home last week as one of the best gainers in the country’s stock market, after their investment grew 10% wit...
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2 years agoNaira value falls heavily against US dollar at Official FX market
The Nigerian currency, Naira, depreciated heavily at the Investors and Exporters (I&E) window of the foreign exchange market as its value slid by 1.3...
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2 years agoNaira gains at official market as CBN gets boost
The Naira has again depreciated against the dollar at the official market to make it two straight days of losses, IgbereTV reports Data from FMDQ securities showed...
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2 years agoNaira value rises by 0.74% against US dollar at official market
Nigerian currency on Wednesday increased in value to the US Dollar at the Investors and Exporters (I&E) window of the foreign exchange market by 0.74 p...
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2 years agoNigeria’s capital market resumes from Eid-el-Kabir holiday with N90.1bn loss
Sell-off by investors was the main activity on the floor of the Nigerian capital market after the resumption of trading on Wednesday, Igbere...
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