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March 02
Nigeria: Nigeria's Forex Crisis Adds MTN to Growing List of Financially Distressed Companies
"Most of the naira weakness will affect 2024, more than 2023, and it will take some time for MTN to recoup cost pressure from the consumer given regulatory restrictions in… Read more »
February 12
Nigeria: Stock Watch - Mutual Benefits, UBA, Ecobank Top Stocks Pick This Week
This is not a buy, sell or hold recommendation but a stock investment guide. Read more »
February 13
Nigeria: Naira Hits New Low At Official Market
Naira fell to N1,534 at the official market on Monday, hitting a new record low in the segment. Read more »
February 08
Nigeria: What Is Driving Nigeria's Stock Market Boom?
The all-share index, which indicates the general market movement of stocks on the NGX, has hit several record levels since the middle of last year. Read more »
January 31
Nigeria: Naira Hits All-Time Low At Forex Markets
Naira slipped to an all-time low at the official and unofficial markets on Tuesday to trade N1,482.57 and N1,491.00 respectively Read more »
January 24
Nigeria: Nigerian Stock Index Crosses Record 100,000 Points As Big Gains Continue
The index has returned 31.9 per cent since the start of the year. Read more »
November 22, 2023
Nigeria: NCDMB Refutes Inaccurate Report About Shell, Other Int'l Oil Companies in Nigeria
A statement issued on Tuesday by Manager, Corporate Communications of NCDMB, Mr Esueme D Kikile in Yenagoa described the report as inaccurate and "a failure to understand the… Read more »
November 06, 2023
Nigeria: Naira Strengthens Across Fx Markets Amidst Move to Boost Supply
In recent months, the naira has weakened significantly in both the authorised and unauthorised market segments. Read more »
October 24, 2023
Nigeria: Tinubu Promises to Address Challenges in Financial Markets
"My government is not blind to the challenges several of you are facing in the financial markets", Mr Tinubu said. Read more »
October 20, 2023
Nigeria: Nigeria's Dollar Woes Leave Record N452 Billion Forex Loss Across Big Consumer Goods Companies
The highest exchange loss, N123.8 billion, was posted by consumer goods powerhouse Nestle Nigeria, which also saw the sharpest deterioration year on year. Read more »
October 19, 2023
Nigeria: 18% Tax-to-GDP Ratio - We Won't Increase Taxes, Adedeji Assures Companies
A statement by his Special Adviser on Media and Communication, Dare Adekanmbi, quoted the FIRS chairman as saying that the invited companies and those willing to voluntarily carry… Read more »
October 09, 2023
Nigeria: Lagos Reopens Ladipo, Oyingbo Markets, Others Shut Over Environmental Issues
Lagos State government sealed off Ladipo, Oyingbo, Alamutu Ologede, and Ile Epo markets over violation of environmental laws. Read more »
October 04, 2023
Nigeria: Pollution - Reps to Probe Oil Companies for Alleged Violation of PIA
The lawmakers noted that many oil wells in oil-producing communities are depleted and are no longer commercially viable, resulting in the sale of old upstream assets by… Read more »
September 30, 2023
Nigeria: Naira Appreciates At Forex Markets
The naira strengthened marginally against the dollar at the official market to close at N755.27/$1 on Friday Read more »
August 23, 2023
Nigeria: Nigerian Exchange Proposes Dollar Securities for Companies Battling Forex Crunch
Part of a bigger push to help assuage the pain of sourcing the greenback, which is in limited supply in Nigeria, the drive is focusing on firms earning foreign exchange and those… Read more »
August 22, 2023
Nigeria: FIRS Advises Shipping Companies On Tax Regularisation
The agency said all affected international shipping lines must conclude the regularisation of their outstanding tax returns no later than 31 December. Read more »
June 21, 2023
Nigeria: Meet Nigerian Innovation-Driven Companies Using E-Mobility to Redefine Green Transportation
Green transportation is one of the top ways to reduce carbon emissions, as environmental impacts are not limited to just planting trees. Read more »
February 01, 2023
Nigeria: Naira Stable At Forex Markets Amid New Note Scarcity
Naira closed at N461.50 per $1 at the spot market on Tuesday, the same rate it traded in the previous session on Monday. Read more »
December 23, 2022
Nigeria: Nigerian Govt to Sell Five Electricity Companies to Fund 2023 Budget
The government said the sale will take place in the first quarter of 2023 and the proceeds will be used to fund the 2023 budget. Read more »
December 19, 2022
Nigeria: Nigeria Exchange Set for Startup Boom As SEC Approves Listing Rules for Tech Board
The technology board is a specialised platform for technology-based companies to list and raise capital on The Exchange. Read more »
December 15, 2022
Nigeria: Naira Slips Against Dollar At Official, Black Markets
Naira weakened by 0.94 per cent to N450.58. Read more »
December 13, 2022
Nigeria: Governor Adeleke Imposes Derivation Tax On Mining Companies in Osun, Warns Illegal Miners
Governor Ademola Adeleke says gold mining companies will pay 13 per cent of their profits into the state coffers. Read more »
December 09, 2022
Nigeria: Three Russian Companies, Eight Others Bid for Ajaokuta Steel Plant - - Minister
The government says it will no longer be possible for it to revive the steelworks before the Buhari administration leaves office next year. Read more »
November 07, 2022
Nigeria: Stocks Close Flat As Banks Offset Energy Shares' Slump
Measly gains cumulatively garnered by bank stocks like Zenith, Access Holdings, Zenith and FBN Holdings were eroded by dips in the shares of newly-listed Geregu Power and Oando. Read more »
September 15, 2022
Nigeria: LAWMA to Shut Ladipo, Oyingbo Markets - Official
The LAWMA boss said despite serving abatement notices to the markets, they continued their "mindless environmental violation." Read more »
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