Business

Naira gains at official market, exchanges N1,459/$

The naira, on Wednesday, May 15, 2024, appreciated at the official market, trading at N1,459.02 to the dollar. Data from…

2 years ago

Nigeria’s inflation rate hits 33.69%

The National Bureau of Statistics (NBS) has announced that Nigeria’s inflation rate rose to 33.69 per cent in April 2024.…

2 years ago

Investors lose N132bn at stock market

The stock market recorded a downturn on Tuesday, May 14, 2024, resulting in a loss of N132 billion by investors…

2 years ago

Stock market capitalisation drops by N297bn

Trading opened negatively on the Nigerian Exchange Limited (NGX) on Monday, May 13, 2024, with the market capitalisation dropping by…

2 years ago

UK exits recession with 0.6% GDP growth

The United Kingdom (UK) has exited the shallow recession it entered in the second half of 2023 after its economy…

2 years ago

Ekiti govt, Cavista Holdings sign multi-billion naira MoU on cassava farming

Ekiti State Government has signed a Memorandum of Understanding (MoU) with Nigerian investment company Cavista Holdings to establish a state-of-the-art…

2 years ago

Reps to CBN: Halt implementation of 0.5% cybersecurity levy

The House of Representatives has directed the Central Bank of Nigeria (CBN) to suspend the implementation of the cybercrime levy.…

2 years ago

Zenith Bank shareholders approve N125.59bn dividend payout

Shareholders of Zenith Bank Plc have approved the proposed final dividend payment of N3.50 per share, bringing the total dividend…

2 years ago

Naira depreciates 0.3% against dollar at official market

The naira, on Wednesday, May 8, 2024, slightly depreciated at the official market, trading at N1,421.06 to the dollar. Data…

2 years ago

CBN orders banks to suspend charges on cash deposits till September

The Central Bank of Nigeria (CBN) has directed banks in the country to stop charges on cash deposits until September…

2 years ago

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