Naira Bounces Back At Forex Market
The Naira sustained its positive momentum against the dollar at the various forex market segments on Thursday after falling to a record low last week.
Verve Partners uLesson To Offer Cardholders 10% Discount
Verve, has partnered uLesson, an online learning platform to offer 10 per cent discount off educational content and gadgets when payments are made with Verve cards on the uLesson website
Nigeria LNG Loses $7bn To Gas Supply Constraints, Insecurity In 2022
The Nigeria Liquefied Natural Gas (NLNG) Limited says that it recorded a $7 billion loss due to gas supply constraint and insecurity in the country.
Repatriate FX Earnings To Ease Pressure On Naira – CBN To Private Sector
The Central Bank of Nigeria has urged the Organised Private Sector (OPS) to bring in their foreign exchange proceeds back to the apex bank to stabilise the FX pressure in the country.
Local Stock Market Sheds N17bn As Traders Book Profit
After halting the bearish trend on Tuesday to garner a 1.35% gain, the Nigerian stock exchange went back to the red zone on Wednesday as it recorded a N17bn loss.
AfDB, Côte d’Ivoire Government Begin 2023-2027 Strategy Discussions
The African Development Bank and the Côte d'Ivoire government have begun preliminary strategy discussions to lay the foundations for the Bank's strategy in Côte d'Ivoire over the next five years.
CAC: NIN To Replace Signatures For Business Registration
[ODUNEWS] August 3 – The Corporate Affairs Commission (CAC) has stated that National Identification Number (NIN) would replace signatures required...
BREAKING: OPEC+ Raises Nigeria’s Oil Quota To 1.830m bpd
The Organisation of Petroleum Exporting Countries and its allies (OPEC+) have raised Nigeria’s oil quota to 1.830 million barrels per day, mb/d in September 2022, from 1.826 mb/d in August 2022.
NGX Halts Bearish Trend, Records 1.35% Gain
The Nigerian Stock Exchange on Tuesday halted its bearish trend as it recorded renewed buying interests from investors which saw it record a 1.35% gain.
NGX Opens August In Red As Investors Lose N227bn
The Nigerian Stock Exchange (NGX) Limited began August in the red zone as investors recorded a N227 billion loss at the close of business on Monday.
Global Oil Prices Dip Below $100
The global oil benchmark, Brent Crude, plunged 0.37% to $99.66 a barrel, while West Texas Intermediate (WTI) crude fell 0.01 percent to $93.88 a barrel.
Wole Oduwole Launches ‘SEOGidi’ To Aid Growth Among Startups, Others
Tech enthusiast Wole Oduwole has launched a search engine marketing company, SEOGidi, to help grow startups and existing brands.
Naira Appreciates To N680 Per Dollar At Parallel Market
The value of the Naira on Monday appreciated to N680 per dollar at the parallel market on Monday, OduNews reports.
“It Can’t Be Tolerated” – Pantami Rejects Planned 5% Tax On Calls, Texts, Data
Minister of Communications and Digital Economy, Prof. Isa Pantami, has faulted the Federal Government's plan to impose a 5% excise duty on telecom subscribers.
BDC Operators Ask CBN To Abandon Official Rate
Bureau De Change operators have asked the Central Bank to abandon the official exchange rate and float the naira amid the recent crash of the currency.
FBN Holdings’ Profit Grows By 48% As Assets Rise To N9.5trn
FBN Holdings says it recorded 48% in profit for the half-year period ended June 30, 2022, as its total assets grew by 6.6 per cent to N9.5 trillion.
Nigerian Stocks Lose N869bn In One Week Over MPR Hike
The market value of the Nigerian stock fell by N869 billion in one week over the recent hike in the Monetary Policy Rate.
Lekki Seaport Approved To Start Commercial Operations
President Muhammadu Buhari has approved the commencement of operations at the Lekki Deep Seaport in Lagos.
NGX Remains In Red Zone For Eight Consecutive Days
The Nigerian Foreign Exchange (NGX) Limited remained in the red territory for eight consecutive days as it recorded a 1.04 per cent loss on Thursday.
Airtel Loses N14bn Over SIM-NIN Linkage In Q2’22
Telecom firm Airtel Nigeria says it recorded N14.1 billion loss in the second quarter of 2022 (April to June) over...