All posts in: Business

    Angola 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...

    OPEC’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...

    Naira 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...

    Clearing 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 ...

    Kuda 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...

    NNPC 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 ...

    Titan 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 ...

    Nigerian 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 ...

    Rising 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...

    Nigeria’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...

    Tough 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, ...

    Investors 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...

    Crude 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...

    Naira 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...

    Niger 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...

    Stock 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 ...

    Analyst 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,...

    Investors 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...

    Naira 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...

    Naira crashes to N621/$1 at peer-to-peer market

    For a Nigerian trying to buy a dollar at the peer-to-peer exchange platform, you need at least N620 or more depending on the amount you need and the time of purchase, Igbe...

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