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Business

Naira Falls To New Low, Trades At N1,040/$ In Parallel Market

Okugbe Osaretin Oct 12, 2023

In a disheartening turn of events, the Nigerian naira has hit an all-time low in the parallel market, casting a dark shadow over the nation's economy. A comprehensive survey…
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Business

Oil Prices Soar As Hamas Attack On Israel Heightens Supply Concerns

Okugbe Osaretin Oct 9, 2023

In a shocking turn of events, oil prices surged, and the dollar and yen strengthened on Monday following an unexpected attack by Hamas on Israel over the weekend. This sudden…
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Business

FG’s Petroleum Pricing Strategy Under Scrutiny as Subsidy Continues

Samuel Nelson Oct 7, 2023

ABUJA – Festus Osifo, the National President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has asserted that the Federal Government continues to…
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Business

Nigerian Naira Among Worst-Performing Currencies In Africa – World Bank

Okugbe Osaretin Oct 5, 2023

In a recent report published by the World Bank, Nigeria's national currency, the naira, has been labeled one of the worst-performing currencies in Africa. The report, titled…
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Business

Fuel Prices Set To Soar As Crude Oil Hits $95.70 Per Barrel

Okugbe Osaretin Sep 18, 2023

In a concerning development for consumers and the Nigerian economy, global crude oil prices surged to $95.70 per barrel on Monday, up from the weekend's $94 per barrel. This uptick,…
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Business

Naira Weakens Against Dollar as Forex Market Sees Volatility

Blessing Obieze Aug 8, 2023

In a rather gloomy commencement to the week, the Nigerian Naira experienced a decline against the US Dollar at the official foreign exchange market window. As of Monday's trading…
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Business

FBN Holdings Plc Faces Shareholder Crisis: Minority Shareholders Demand Regulatory Intervention

Samuel Nelson Aug 8, 2023

In a concerning development, minority retail shareholders of FBN Holdings Plc have expressed their alarm regarding alleged tactics aimed at destabilizing Nigeria's longest-standing…
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Business

Naira Trades N741 Per Dollar At Official Market

Samuel Nelson Aug 3, 2023

The value of the naira increased to N741 to a dollar at the Importers & Exporters window.
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Business

Local Stock Market Investors Lose N80bn

Amara Ezeibekwe Aug 2, 2023

Investors at the local stock market recorded an N80 billion loss in the first trading session of the week.
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Business

BUA Foods Half-Year Profit Grows By N95.2bn

Adelowo Adegboyega Aug 2, 2023

BUA Foods has announced that its profit grew by N95.2 billion in the first half of 2023.
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Technology

‘Tech Startups Need to Use Influencer Marketing’ – Says Wole Oduwole

Ada Osadebe Jul 31, 2023

Wole Oduwole, the ingenious CEO of SEOGidi, has recently expressed his conviction that influencer marketing is an indispensable tool for startups, especially in Africa's burgeoning tech…
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Business

NGX Delists 1.31 Billion Ardova Shares

Samuel Nelson Jul 31, 2023

The Nigerian Exchange Limited said it has delisted the entire 1,310,629,267 issued share capital of Ardova Petroleum Plc from the daily official list.
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Business