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Business

Naira parallel market

Naira Trades N1,280/$1 at Parallel Market After N10 Gain

March 30, 2024
By Dipo Olowookere The Nigerian Naira appreciated against the United States Dollar in the parallel market segment of the foreign exchange (FX) by N10 or 0.78 per cent on Friday. The domestic currency put up a positive performance against the greenback during the session amid an improvement in the supply of forex in the country’s currency market, trading at N1,280/$1
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Port Harcourt-Aba Train Service

Again, FG Postpones Port Harcourt-Aba Train Service Launch

March 31, 2024
By Adedapo Adesanya The Federal Government of Nigeria has postponed the Port Harcourt-Aba train service launch to April from the initially planned start date at the end of March. The Minister of Transportation, Mr Saidu Alkali, disclosed this to journalists after inspecting the reconstructed railway tracks in Port Harcourt on Friday and expressed disappointment over the delay, noting that the
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Lagos Commodities Futures Exchange

Lagos Commodities Futures Exchange Mulls Crude Oil Trading

March 31, 2024
By Adedapo Adesanya The Lagos Commodities Futures Exchange (LCFE) has moved for the trading of Nigeria’s crude oil in its exchange, in a bid to help boost Nigeria’s revenue generation and determine fair pricing. It also urged the federal government to utilize the commodities exchange ecosystem to boost food security, create job opportunities and enhance Nigeria’s capacity to earn foreign
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Nigerian companies selling prices

Nigerian Companies Raise Selling Prices to Unprecedented Level

April 1, 2024
By Modupe Gbadeyanka To remain in business, companies in Nigeria increased their selling prices at an unprecedented pace in March 2024, the Purchasing Managers’ Index (PMI) of Stanbic IBTC Bank has revealed. The hike in prices raised the purchase costs of consumers at the sharpest rate on record, triggered by the weakness of the local currency, the Naira. Stanbic IBTC
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financial stocks investors patronage

Investors Transact 1.804 billion Equities Worth N52.040bn in Four Days

April 1, 2024
By Dipo Olowookere In four days, investors transacted 1.804 billion equities worth N52.040 billion in 38,550 deals on the floor of the Nigerian Exchange (NGX) Limited compared with the 1.735 billion equities valued at N48.755 billion traded in 45,237 deals in the previous week. The market only opened for four sessions in the week under review due to the public
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Politics

Nigerian OTC securities exchange

OTC Exchange Rises 1.17% Amid High Trading Volume

May 18, 2024
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange recorded a 1.2 per cent appreciation on Friday, May 17 amid a large trading activity that saw three price gainers and four price losers. The market capitalisation of the OTC exchange jumped by N19.85 billion during the trading day to N1.720 trillion from N1.700 trillion and the NASD Unlisted Security Index
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Travel

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Lagos Seals Western Lodge Hotel In Ikorodu

The Lagos State Government has announced the immediate closure of one Western Lodge Hotel in the Ikorodu area of the state due to security reasons. A statement released on Sunday by the State’s Commissioner for Information and Strategy, Mr Steve Ayorinde, explained
August 14, 2016

6 Ways To Save Money At Lagos Hotels

By Nkem Ndem Lagos City can feel extremely expensive, at least compared to anywhere else in Nigeria. When vacationing in the city, it is easy to overspend and forget about your budget, especially if you are staying in any of the many
August 13, 2016

AHF Africa Seeks End To New HIV Infections

AIDS Healthcare Foundation (AHF) Africa Bureau has charged the global community to speed up interventions in order halt the spate of new HIV infections and AIDS related deaths among young people. The charge was made in commemoration of the 2016 International Youth
August 12, 2016

Hilton Hotels & Resorts Opens In Edinburgh

On Friday, August 12, 2016, Hilton Hotels & Resorts announced the official opening of Hilton Edinburgh Carlton, marking the 16th property in the Hilton Worldwide portfolio of brands in Scotland and the eighth Hilton Hotels & Resorts hotel in the country. More
August 12, 2016

3 Life Truths Nigerians Need To Accept

By Nkem Ndem Nigerians in today’s times are different from those that existed in the past and that is understandable as the society seem to have changed with the times. Aside from the fact that government officials are rarely within the coveted
August 12, 2016

Top 6 Useful Apps For Avid Readers

By Adeniyi Ogunfowoke Technology is changing almost everything around us including our reading habits. In the past when there were no apps, book lovers had to visit bookstores to buy books authored by their favourite writers. This is no longer the case
August 12, 2016

Old Mutual Seals $700m Investment Deals In Nigeria

The dwindling Nigerian economy is expected to receive a huge boost with the pumping of about $700 million into it. It is no longer a secret that the economy is struggling and businesses in Nigeria finding it very hard to survive, including
August 12, 2016

Buhari Congratulates Oyegun On 77th Birthday

President Muhammadu Buhari has felicitated with the National Chairman of All Progressives Congress, APC, Chief John Odigie Oyegun as he marks his 77th birthday on August 12, 2016. Buhari, in a statement signed by one of his media aides, Femi Adesina, joined
August 12, 2016

6000 Kids For Cowbell Summer Camp

The 2016 Cowbell Chocolate summer camp is expected to have not less than 6,000 children participating, the organisers have said. The kids are drawn from several schools across the country. At the six-day summer camp tagged ‘Chocademy’, opens in Makurdi, Benue State
August 12, 2016

Protesters Block Chevron Depot In Delta

On Thursday, August 11, 2016, some villagers staged a demonstration outside a Chevron facility in Delta State. The protesters demanded for better attention from the company as well as placements in Chevron. During the protest, personnel of the Nigerian military were deployed
August 11, 2016
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