All posts in: Business

    NGX: 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...

    Currency 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 ...

    Preline 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...

    Honeywell, 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 ...

    Naira 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...

    Investors 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,...

    At 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...

    BREAKING!!! 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...

    BUA 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...

    Naira 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...

    Investors 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...

    IMF 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 ...

    Dangote 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...

    Access 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...

    CBN 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 ...

    Naira 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...

    Airtel 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...

    Naira 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...

    Naira 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...

    Naira 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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