All posts in: Business
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3 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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3 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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3 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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3 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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3 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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3 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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3 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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3 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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3 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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3 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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3 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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3 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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3 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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3 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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3 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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3 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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3 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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3 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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3 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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3 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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