Business

In a bid to arrest the free fall of the naira at the parallel market, also known as black market, the Central Bank of Nigeria {CBN}, on Monday, announced new measures aimed at curbing the activities of currency speculators. This was disclosed by the Acting Governor of the CBN, Folashodun Shonubi to State House correspondents at the Presidential Villa after briefing …

The Naira crossed the N1,000 mark to reach an all-time low of N1,099.05/$1 on Friday, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) window has shown. This represents a significant 23.29% or N255.98 drop in valuation compared to its previous closing rate. The Nigerian currency had on Thursday rebounded to close at N843.07/$1 at the official market. However, the …

A dynamic figure in the realms of business, philanthropy, and politics, Dr. Dominic Joshua has said he is on a mission to redefine impact in Africa and the global community.  He said with his unwavering determination, he specializes in navigates challenges, turning them into opportunities to make a profound difference. “Every endeavour I undertake is a step towards transforming lives …

The value of investments in the Nigerian stock market appreciated by N339 billion at the close of trading on Wednesday. This represented a 0.93 growth in the market capitalization from N36.53 trillion to N36.87 trillion after five hours of trading today. The All-Share Index dipped by 618.68 basis points to close at 67,378.88, down from 66,760.2 achieved by the bourse …

The Nigeria Employers’ Consultative Association (NECA), on Friday, raised the alarm over the consequences of ongoing divestment of multinationals in Nigeria. The body said no fewer than 20,000 direct employees have lost their jobs to such divestments in recent times. NECA, which ia the umbrella body for employers and the voice of business in Nigeria, raised the alarm in a …

The Acting Governor of the Central Bank of Nigeria (CBN), Folasodun Sonubi, said on Monday the apex bank would adopt new measures to stabilise the naira against the dollar in the coming days. He stated this in a chat with State House Correspondents after a meeting with President Bola Tinubu at the Presidential Villa, Abuja. The meeting took place a …

MTN Foundation has announced the opening of applications to the MTN ICT and Business Skills Training, a youth development initiative “aimed at equipping young entrepreneurs between 18 and 35 years with tech enabled skills to keep their small businesses relevant and competitive”. The Foundation says the training will be delivered through a 5-week online programme which includes Masterclasses from key …

Nigerian households and small businesses looking to acquire solar panels, batteries, inverters, and other green energy equipment now have access to as much as N10 million to buy these assets through the First City Monument Bank (FCMB) Energy Finance Loan. The loan is designed to help homes and small businesses like hospitals, schools, restaurants, bars, stores, hotels, and fashion places …

Just recently the delegates at the Fifth International Conference on Chemicals Management (ICCM5), in Bonn, Germany, adopted a global framework for a planet free of harm from chemicals and waste. HELEN OJI reports. The framework is based around 28 targets that aim to improve the sound management of chemicals and waste. Governments have committed to create the regulatory environment to reduce chemical …

The naira exchanged for N742.10 to a dollar at the Investors and Exporters window on Tuesday. The local currency appreciated by 4.06 percent compared to the N773.50 it exchanged for against the dollar on Monday. The open indicative rate closed at N761.24 to the dollar on Tuesday. READ ALSO: Naira to Dollar exchange rates drop in official and black markets …