Economy - Page 13

Nigeria, Japan Signs MoU on Rice Seeds Production Systems, Diagnostic Capacity

April 26, 2024

By Adedapo Adesanya Nigeria and Japan have signed a Memorandum of Understanding (MoU) on the enhancement of rice seeds production system and diagnostic capacity

Economy

Naira Appreciates to N1,230/$1 at NAFEM, N1,220 at Black Market

April 9, 2024

Adedapo Adesanya

By Adedapo Adesanya The Naira continued its impressive run at the two major segments of the foreign exchange (FX) market on Monday, appreciating by

Economy

Oil Prices Fall as Middle East Tensions Ease

April 9, 2024

Adedapo Adesanya

By Adedapo Adesanya Oil prices fell on Monday after Israel reduced its troops in southern Gaza and began a fresh round of ceasefire talks

Economy

24 Stocks Crash NGX All-Share Index by 0.38% Ahead of Two-Day Break

April 9, 2024

Dipo Olowookere

By Dipo Olowookere The Nigerian Exchange (NGX) Limited further succumbed to the bears by 0.38 per cent on Monday despite the release of the

Economy

NNPC Owes Oil Marketers $3bn Fuel Subsidy Payments

April 8, 2024

Adedapo Adesanya

By Adedapo Adesanya The Nigerian National Petroleum Company (NNPC) Limited owes oil marketers around $3 billion for imported petrol, Reuters quoted sources as saying

Economy

GSK Begins Payment of N17.42 Per Share to Minority Investors

April 8, 2024

Aduragbemi Omiyale

By Aduragbemi Omiyale GlaxoSmithKline Consumer Nigeria (GSK) Plc has commenced the payment of the approved N17.42 per share to minority shareholders as part of

Economy

Nigeria to Receive $1.05bn Second Tranche Oil Loan from Afreximbank in May

April 8, 2024

Adedapo Adesanya

By Adedapo Adesanya Nigeria will receive the $1.05 billion second tranche of the $3.3 billion crude repayment loan from the African Export-Import Bank (Afreximbank)

Economy

Unlisted Securities Market Grows 0.39% in Week 14

April 8, 2024

Adedapo Adesanya

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange extended its run in the green territory for another week after the NASD Unlisted Security

Economy

CBN Sells Dollar to BDCs at N1,101/$1 to Cheapen Exchange Rate

April 8, 2024

Adedapo Adesanya

By Adedapo Adesanya As part of its efforts to continue to ease the exchange rate in the country and strengthen the Naira, the Central

Economy

Popoola Joins Ethiopian Securities Exchange Board After NGX Group Investment

April 8, 2024

Dipo Olowookere

By Dipo Olowookere The chief executive of the Nigerian Exchange (NGX) Group Plc, Mr Temi Popoola, has been appointed to the board of the

Association of Bureau De Change Operators of Nigeria ABCON

Economy

BDC Operators Lament Difficulties in Getting FX Allocations from CBN

April 8, 2024

Aduragbemi Omiyale

By Aduragbemi Omiyale The Association of Bureaux De Change Operators of Nigeria (ABCON) has expressed frustration at the bottlenecks it encounters in getting foreign

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Economy - Page 13

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