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Friday, December 6, 2024

CATEGORY

Business

Naira falls to N1,745/$ in parallel market, gains in NAFEM

The Naira weakened further in the parallel market, closing at N1,745 per dollar on Thursday, down from N1,740 per dollar recorded on Wednesday. In contrast,...

CAC delists Dunlop, Mitsubishi, Innoson “Vinod”, 80,000 other companies

The Corporate Affairs Commission (CAC) has removed companies from its registry that failed to submit their annual returns for the last decade. Previously, on July...

GenCos suffer N229.6 billion losses as grid instability persists

Nigeria's 21 operational electricity plants on the national grid have reportedly suffered financial losses of approximately N229.6 billion in 2024 due to repeated grid...

Naira gains 0.67% against Dollar at official market

The naira strengthened on Tuesday at the official market, trading at N1,678.93 to the dollar, marking a recovery from a three-day losing streak. According to...

Shehu Sani advocates tax reform, decries VAT inequity among states

Former Senator Shehu Sani has called for support for the proposed tax reform bill, citing the Federal Inland Revenue Service (FIRS) Chairman’s revelation about...

Naira weakens marginally, trades at N1,652.25 per Dollar

On Friday, the naira experienced a slight depreciation at the official market, closing at N1,652.25 against the dollar. Data from the FMDQ Exchange's official trading...

The Delborough Lagos hosts 16 presidents in one year – Obi of Onitsha 

Marking its first one year after inauguration, the governing board members of the prestigious 'The Delborough Lagos' have attributed the landmark successes recorded by...

Marketers drag Dangote Refinery to court, seek continued petrol imports

In a new legal battle, three oil marketing companies (AYM Shafa Limited, A.A. Rano Limited, and Matrix Petroleum Services Limited) have filed a response...

NGX rebounds as Investors gain N131 billion

The Nigerian stock market saw a turnaround on Tuesday, posting a gain of 0.22%, or N131 billion, after six consecutive sessions of decline. Market capitalisation,...

Naira strengthens to N1,725/$ in parallel market

The Naira appreciated to N1,725 per dollar in the parallel market on Tuesday, improving from N1,730 per dollar the previous day. In the Nigerian Autonomous...

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