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Business
Nigeria Records Trade Growth In Third Quarter Of 2023
Nigeria’s total trade in the third quarter of 2023 stood at ₦18,804.29 billion, as total exports increased by 60.78% compared to the second quarter of 2023, the National Bureau of Statistics has said.
Exports were valued at ₦10,346.60…
Equities Market Gains N86bn On PZ Cussons Nigeria, 21 Others Growth
The domestic equities market on Tuesday sustained its bullish performance with a gain of N86 billion, following price appreciation in PZ Cussons Nigeria and 21 others.
As a result, the Nigerian Exchange Limited All-Share Index (NGX ASI)…
“Attend To Your Customers” — CBN Calls Out Banks For Neglecting Customers Amid Refund…
The Central Bank of Nigeria has called out some commercial banks on social media for neglecting their customers
The Apex bank's actions follows a series of customer complaints on social media, drawing the attention of the apex…
Naira Depreciates By 4.1%, Close At N809.02/Dollar
The naira on Monday depreciated by 4.1per cent to N809.02 against the dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM).
At the money market, the overnight lending rate expanded by 19basis points to 16.9per cent, in the…
Breaking: Access Holdings Declares N294.42bn Profit Before Tax
Access Holdings Plc on Wednesday announced N294.42billion profit before tax in nine months ended September 30, 2023 unaudited result and accounts.
This is an increase of 100.21per cent from N147.06billion reported in nine months of 2022.…
Nigerian Breweries Announces N78.16bn Loss In Nine Months
Nigerian Breweries Plc on Wednesday declared N78.16billion loss before tax in its unaudited nine months ended September 30, 2023 over devaluation of naira.
The company on the Nigerian Exchange Limited (NGX) had declared N19.09billion…
GTCO Declares N433.20bn Profit In Nine Months
Guaranty Trust Holding Company Plc (GTCO) on Tuesday released its nine months ended September 30, 2023 unaudited results with N433.20 billion profit before tax, an increase of 155.24 percent from N169.72. billion reported in nine months…
Elumelu Laments Embarrassing 2% Insurance Penetration In Nigeria
The Chairman, Heirs Insurance Group, Mr. Tony Elumelu has expressed that it is embarrassing that Nigeria has less than two percent insurance penetration, in a nation of over 200 million people, struggling to survive, amidst the harshest…
FG No Longer Paying Fuel Subsidy – Kyari Insists
The Group Managing Director of Nigerian National Petroleum Corporation Limited (NNPCL), Malam Mele Kyari, has disclosed that the Federal Government is no longer paying subsidies on Petroleum Motor Spirit (PMS), popularly known as petrol.…
Naira Falls By 40%, Now Among Africa’s Worst Currencies, Says World Bank
The Nigerian naira is among the worst-performing currencies in Africa, the World Bank has said.
It noted that the currency weakened by nearly 40 per cent against the US dollar since a mid-June devaluation.
The global bank explained in…