UBA’s Gross Earnings Rise To N608bn In Q3’22
The United Bank of Africa says its gross earnings rose to N608 billion in the third quarter of 2022.
Naira Crashes To N765 Per Dollar At Black Market
The Nigerian currency, naira, has crashed further at the black market to N765 per dollar on Tuesday, OduNews can confirm
NASD OTC Market Closes Flat As Trading Volume Jumps By 1,054.5%
The NASD Over-the-Counter Securities exchange closed flat on Monday despite a skyrocketing increase in the number of volumes traded.
Nigeria’s External Debt Hits $40bn
Nigeria has incurred $40 billion in debt since President Muhammadu Buhari assumed office in 2015, OduNews reports.
Investors Gain N35.5bn As Equities Market Advances By 0.15%
Investors at the Nigerian Exchange (NGX) Limited gained N35.5 billion on Monday as the market witnessed a 0.15% increase in value, OduNews reports.
Nigerian Startup Bumpa Secures $4m In Seed Round
Nigerian retail automation platform, Bumpa, has raised $4 million in its seed round, OduNews reports.
Buhari Signs Nigeria Startup Bill Into Law
President Muhammadu Buhari has signed the Nigeria Startup bill into law.
Bank Of America Says Naira May Devalue By 20% In 2023
The Bank of America says the Nigerian currency is 20% overvalued against the dollar and this is expected to balance up by 2023.
Oil Theft Has ‘Significantly Reduced’ – Mele Kyai
The Nigerian National Petroleum Company Limited says cases of oil theft in the Niger Delta region have been reduced 'significantly'.
Bear Bites Harder At Customs Street As Investors Lose N544.47bn
The Nigerian Exchange Limited remained in the negative territory as investors' losses rose to N544.47 billion by the end of Tuesday's trading session, OduNews reports.
Fidelity Bank Redeems $400m Eurobond Notes
Fidelity Bank Plc says it has redeemed its $400 million five-year Eurobond notes on Monday, OduNews reports.
Gas Scarcity Looms As NLNG Declares Force Majeure Over Flooding
The Nigeria Liquefied and Natural Gas company has shut down operations after the widespread flooding disrupted its supply.
Bears Tighten Grip On Equities Market As Investors Lose N656bn
The Local stock market recorded a whopping N656 billion loss on Monday following losses recorded by Airtel and four others, OduNews reports.
FG Considers Special Forex Window For Manufacturers
The Federal Government says it is considering creating a separate and special foreign exchange window for exporting manufacturers.
Local Stock Market Records N11.9bn Gain In A Week
The Nigerian Exchange (NGX) Limited remained in the green zone last week as financial stocks lifted the market by N11.9 billion, OduNews reports.
Kuda Launches Business Account For Entrpreneurs
Kuda bank says it has launched a bank account to serve entrepreneurs in the micro, small and medium-scale enterprises (MSMEs) sector.
Naira Hits N750 Per Dollar At Black Market
The Nigerian currency crashed to N750 per dollar at the black market on Friday, OduNews gathered.
NASD OTC Market Gains N3.24bn
The NASD Over-the-Counter Securities Exchanged closed in the positive territory on Thursday as the market cap went up by N3.24 billion.
Dangote Refinary To Solve Forex Crisis
The Nigerian Midstream and Downstream Petroleum Regulatory Authority says the 650,000 barrels per day capacity Dangote refinery will help strengthen the naira.
UACN, Geregu, Others Pull Equities Market Down By 0.02%
Losses in the shares of Geregu Power and 8 others pull the Nigerian Exchange (NGX) Limited down by 0.02% on Thursday.