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naira-dollar-forex

Naira Drops 27 Kobo Against Dollar at Spot Market

December 7, 2021
By Adedapo Adesanya The Naira started the new week on a weaker note against the United States Dollar at the Nigerian Autonomous Foreign Exchange Rate Fixing (NAFEX) on Monday. At the Investors and Exporters sector of the foreign exchange (FX) market, the domestic currency retreated by 27 kobo or 0.06 per cent to trade at N415.00/$1 versus N414.73/$1 it was
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Unlisted Securities Market

Unlisted Securities Close Flat Amid Low Trading Volume

December 7, 2021
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange closed flat on Monday, December 6, with no single price gainer and price loser at the close of transactions. The unlisted securities market recorded the stalemate amid a low level of transactions during the session as investors stay away from the market. When the exchange closed for the trading day, the
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Gas Flaring

Nigeria ‘Burns’ N289.7bn Via Gas Flaring in 10 Months

December 7, 2021
By Adedapo Adesanya Nigeria lost an equivalent of N289.7 billion, in 10 months as oil and gas firms operating in the country flared 201.5 billion standard cubic feet (SCF) of gas between January and October 2021. This was disclosed by the National Oil Spill Detection and Response Agency (NOSDRA) in its latest data which covers the first 10 months of
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FBN Holdings

Q3 Performance Weakens FBN Holdings Nine Months Profit by 40.2%

December 7, 2021
By Dipo Olowookere The poor performance of FBN Holdings Plc in the third quarter of 2021 weakened its profit in the first nine months of the year by 40.2 per cent, analysis of the company’s financial statements by Business Post showed. The results filed to the Nigerian Exchange (NGX) Limited revealed that in the period under review, the profit after
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Abattoirs

FCT ARDS Moves to Transform Abattoirs

December 7, 2021
By Adedapo Adesanya The Federal Capital Territory Administration Agriculture and Rural Development Secretariat (ARDS) has implemented moves to upgrade abattoirs across the territory as part of efforts to enhance standards. This was disclosed by the Secretary of the ARDS in the nation’s capital, Mr Abubakar Ibrahim when he led some officials of the secretariat to inspect facilities at the Karu
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Politics

ANOH Gas Plant

Tinubu To Commission Three Critical Gas Projects

May 3, 2024
By Adedapo Adesanya President Bola Tinubu will commission three critical gas infrastructure projects undertaken by the Nigerian National Petroleum Company (NNPC) Limited and its partners as part of efforts to use gas to boost the Nigerian economy. This was disclosed in a statement by the Special Adviser to the President on Media and Publicity, Mr Ajuri Ngelale, on Friday, adding
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Travel

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Nigerian Startup Firm Publiseer Goes to MIT Solve

By Dipo Olowookere A popular digital content distribution platform in Nigeria, Publiseer, has found its way to the MIT Solve Global Challenges. MIT Solve is a business incubator from the Massachusetts Institute of Technology, USA, that advances solutions from tech entrepreneurs to
July 7, 2018

Naira Falls Against Greenback at I&E FXW on Weak Supply

By Cowry Asset In the just concluded week, the Nigerian Naira further depreciated week-on-week (w-o-w) against the U.S. dollar at the Investors & Exporters Forex Window (I&E FXW) by 0.35 percent to close N362.58 amid stronger demand for the greenback vis a
July 7, 2018
NSE All-Share Index

Mobil, Dangote Cement Return Stock Market to Danger Zone

By Dipo Olowookere The Nigerian Stock Exchange (NSE) closed the last trading day of the week bearish 24 hours after it finished the previous session bullish. This was influenced mainly by losses recorded by Mobil Oil Nigeria, Dangote Cement and 22 other
July 7, 2018

Anyanwu Unfolds Economic Agenda for Imo

By Ebireri Henry Ovie Pulling Imo people out of the clutches of poverty and propelling the economy of the state to prosperity were given at the weekend by Senator Samuel Nnaemeka Anyanwu as reasons for joining the governorship race. “If our natural
July 6, 2018
power generation NNPC AGIP

NDPHC, GE Sign Deal to Boost Power Supply in Nigeria

By Modupe Gbadeyanka A deal to boost power supply in Nigeria has been signed between GE and the Niger Delta Power Holding Company (NDPHC). The collaboration, Business Post gathered, is aimed at developing an End-To-End to Power Intervention (EEIP) in the country.
July 6, 2018

CCT Trial: Supreme Court Quashes Charges Against Saraki

By Dipo Olowookere A five-man panel of the Supreme Court led by Justice Dattijo Muhammad has unanimously upheld an appeal filed by the Senate President, Mr Bukola Saraki, over his trial at the Code of Conduct Tribunal (CCT) bordering on alleged false
July 6, 2018
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