Business & Economy - Page 131

Capital market

NNPCL Revenue Hits ₦6 Trillion in May as Oil Output Inches Up

The Nigerian National Petroleum Company Limited (NNPCL) posted ₦6.008 trillion in revenue for May 2025, marking a slight increase from the ₦5.972 trillion recorded in April. The rise follows steady gains in crude oil and condensate production, which climbed to 1.63 million

July 1, 2025

Business & Economy

Distraught manufacturers task FG on lasting solution to forex scarcity

The Manufacturers Association of Nigeria (MAN), Ogun State branch, has called on the Federal Government to take urgent and concerted action to resolve the current foreign exchange scarcity and surge in dollar prices. Speaking yesterday (Tuesday, November 12) on the theme “Dollar to Naira

November 13, 2024

Business & Economy

NGX loses N69bn as sell-offs hit Oando, Dangote Sugar, Nestle

By RUKAYAT ADEYEMI The Nigerian stock market closed on a bearish note on Tuesday, with a loss of N69 billion, due to sell-offs in large and medium capitalised stocks. The Nigerian Exchange Ltd. (NGX) market capitalisation, which opened at N59.004 trillion, dropped

November 13, 2024

Business & Economy

Stock market opens bullish, gains N84bn

By RUKUYAT ADEYEMI The Nigerian Exchange Ltd. (NGX) on Monday opened the week positive with N84 billion profit added to the portfolios of investors. Specifically, the market capitalization which opened at N58.920 trillion, gained N84 billion or 0.14 per cent to

November 12, 2024

Business & Economy

ECCIMA rallies support for Dangote, urges govt to prioritize local production over importation

Blames continuous naira depreciation for low local production From IKECHUKWU NNADI, Enugu The Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) has urged the federal government and other stakeholders in the nation’s economy to take steps to protect the Dangote Refinery and

November 12, 2024

Business & Economy

FG’s Commercial, Industrial Trade Fair begins Friday in Lagos

By CHIJIOKE KINGSLEY The federal government is set to hold the much talked about Commercial and Industrial Trade Fair which will begin this Friday 15 – 26th November 2024, at the Lagos International Trade Fair Complex, Badagry Expressway. The Management Complex, headed

November 11, 2024

Business & Economy·Opinion

Dangote Refinery’s solo fight against ‘dirty fuel’ dump in Nigeria, by Ehichioya Ezomon

If Africa’s richest man and Chairman of Dangote Group, Aliko Dangote, had thought his efforts and dogged determination to brace the odds and establish the multibillion dollar 650,000bpd-capacity Dangote Petroleum Refinery would bring him praises, and alleviate Nigeria’s decades-long dependence on corrupt

November 10, 2024

Business & Economy

Again, naira depreciates against the dollar at official market

The Naira on Friday closed the week weaker at the official market, trading at N1,678.87 to the dollar. Data from the official trading platform of the FMDQ Exchange, revealed that the Naira lost N39.37 This represents a 2.4 per cent loss when

November 9, 2024

Business & Economy

Why Tinubu should push for export, by Udeogaranya

A Chinese affairs expert and former APC presidential aspirant, Chief Charles Udo Udeogaranya, has advised President Tinubu to vigorously push for production and export as a path to rescuing the Nigerian economy from its current crisis. The former presidential aspirant lamented the absence of

November 8, 2024

Business & Economy

FBN Holdings flags off ₦150bn rights issue, plans to raise further ₦300bn

By MIKE ABBAH FBN Holdings, the parent company of Nigeria’s oldest bank, has flagged off its ₦150 billion rights issue. While the Central Bank increased capital requirements for the country’s biggest banks tenfold in March 2024, Nnamdi Okonkwo, FBN

November 8, 2024

Business & Economy

Boon to investors as UBA seeks NGX approval for rights issue of 6.8bn shares

By MIKE ABBAH Africa’s Global Bank, United Bank for Africa (UBA) has announced the submission of an application to the Nigerian Exchange (NGX) for the approval and listing of a rights issue totalling 6,839,884,274 ordinary shares (six billion, eight hundred and thirty-nine million,

November 8, 2024

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Business & Economy - Page 131

NNPCL Revenue Hits ₦6 Trillion in May as Oil Output Inches Up

Distraught manufacturers task FG on lasting solution to forex scarcity

NGX loses N69bn as sell-offs hit Oando, Dangote Sugar, Nestle

Stock market opens bullish, gains N84bn

ECCIMA rallies support for Dangote, urges govt to prioritize local production over importation

FG’s Commercial, Industrial Trade Fair begins Friday in Lagos

Dangote Refinery’s solo fight against ‘dirty fuel’ dump in Nigeria, by Ehichioya Ezomon

Again, naira depreciates against the dollar at official market

Why Tinubu should push for export, by Udeogaranya

FBN Holdings flags off ₦150bn rights issue, plans to raise further ₦300bn

Boon to investors as UBA seeks NGX approval for rights issue of 6.8bn shares

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