All posts in: Business
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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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2 years agoAngola edges Nigeria to remain Africa’s biggest oil producer for second straight month
Angola has retained its position as the biggest oil producer in Africa for the second straight month, IgbereTV reports Ne...
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2 years agoOPEC’s demand forecast drags crude oil prices down
Brent and the West Texas Intermediate (WTI) crude oil fell Tuesday evening, as the Organization of Petroleum Exporting Countries (OPEC) projected slow growth in deman...
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2 years agoNaira starts week positive as black market traders take advantage of holidays
Nigerian currency resumed from the Easter holiday at the official market, trading on a positive note after exchanging at N427.75 to the US do...
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2 years agoClearing agents demand review of age limit for imported vehicles
The Association of Nigerian Licensed Customs Agents (ANLCA) has demanded the review of the age limit placed on imported vehicles in the country, IgbereTV ...
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2 years agoKuda to take N50 on N1000 as fintech firms begin charges on customers’ deposits
A financial service company, Kuda Microfinance Bank, on Tuesday announced charges on customer deposits across its network, IgbereTV Repor...
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2 years agoNNPC secures court order to stop ExxonMobil from leaving Nigeria
The Nigerian National Petroleum Company (NNPC) Limited has secured an injunction from the Federal High Court in Abuja restraining the sale of shares of ...
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2 years agoTitan Bank acquisition of Union Bank hits snag, amid investors’ tussle
The Federal High Court in Lagos has been asked to halt the acquisition of Union Bank of Nigeria (UBN) by Titan Trust Bank, following disagreement ...
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2 years agoNigerian banks spend N6.9bn on welfare package for MDs CEOs
Nigerian banks, to keep their directors, and chief executives happy, spent over N6.96 billion on sitting allowance and compensation in 2021, IgbereTV reports ...
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2 years agoRising diesel price, multiple taxation, others cripple our operations, manufacturers cry out
The Manufacturers Association of Nigeria (MAN) has requested the government to review its diesel importation channel, to preve...
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2 years agoNigeria’s capital importation loses $6.92bn, as inflows dip in four consecutive quarters
The National Bureau of Statistics (NBS) has reported that capital importation declined in Q1 2022, mirroring other corresponding...
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2 years agoTough time for Nigerian companies as customers buy mostly on credit
Nigerian companies are facing a cash crunch which confirms how financially stretched Nigerians are becoming, ...
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2 years agoInvestors make N10bn as Nigeria’s capital market rebounds from bearish trading
The Nigerian capital market rebounded from two consecutive losses on Thursday with the equity ca...
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2 years agoCrude oil price crashes amid recession fears
Price of Brent crude oil dropped to $99.78 amidst fears over global economic recession, IgbereTV reports The fall in crude oi...
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2 years agoNaira kicks off July strong, as Forex transactions rise 95% in H1, 2022
Nigerian currency kicked off the month of July with a marginal gain, but pressure from forex scarcity and the Joe Biden administration interest hik...
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2 years agoNiger Insurance, Honeywell Flour and Okomu Oil among stocks to watch this week
This week, Niger Insurance, Honeywell Flour and Okomu Oil made the list of stocks to watch, as...
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2 years agoStock Roundup: Investors trade N24.4bn worth of shares as financial sector leads activities
Investors in the Nigerian capital market traded 1.348 billion shares worth N24.487 billion in 22,155 deals this week, IgbereTV ...
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2 years agoAnalyst predicts oil price to hit $200, as G7 countries move against Russia
Oil price is expected to reach $200 after a group of rich nations under the aegis of the G7 announces a plan to cap the price of Russian crude,...
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2 years agoInvestors pocket N7.33bn as Nigeria’s stock market rebounds from bearish trading
Nigerian capital market shareholders went home with N7.33 billion following the rise in eq...
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2 years agoNaira falls heavily to US dollar at official markets amid low FX supply
The Naira has fallen heavily to the US dollar as investors, and exporters continue to battle with for...
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