29.7 C
Lagos
Saturday, April 26, 2025
type here...

CATEGORY

Business

Business

NAIRA WIPES OUT 8-MONTH GAINS AS PARALLEL MARKET RATE HITS N1,740/$1; CBN MAINTAINS STABLE NAFEM RATE AT N1,600

pretty onyi -
The Naira is facing a significant depreciation trend, closing at N1,740/$1 in the parallel market over the weekend, which indicates a reversal of the...
Business

IMF Highlights Global Economic Challenges and Impact of High Prices on Families

pretty onyi -
The Managing Director of the International Monetary Fund (IMF), Ms. Kristalina Georgieva, addressed key economic challenges at the 2024 Global Policy Agenda briefing, part...
Business

POLARIS BANK REAFFIRMS DIGITAL LEADERSHIP WITH BAFI AWARDS WINS

pretty onyi -
Polaris Bank, Nigeria’s leading digital retail commercial bank, has once again demonstrated its digital supremacy in the banking sector by clinching the prestigious title...
Business

NIGERIAN EXCHANGE SEES BULLISH TREND AMID EXPECTATIONS FOR Q3 FINANCIAL REPORTS

pretty onyi -
The Nigerian Exchange (NGX) experienced a continued uptrend and bullish sentiment last week, driven by portfolio repositioning in anticipation of favorable third-quarter (Q3) 2024...
Business

NAIRA’S RAPID DEPRECIATION HITS N1,740/$1 IN PARALLEL MARKET AS SUPPLY PRESSURES MOUNT

pretty onyi -
The Nigerian Naira continues to face depreciation pressures, with the parallel market rate nearing N1,740 to the dollar at the end of last week,...
Business

CHEVRON NIGERIA LIMITED’S NEW OIL FIELD DISCOVERY: A PIVOTAL MOMENT FOR NIGERIA’S OIL SECTOR

pretty onyi -
Chevron Nigeria Limited (CNL) recently announced the discovery of a new oil field estimated to produce 17,000 barrels per day (bpd), marking a critical...
Business

WORLD BANK URGES NIGERIA TO LEVERAGE NYSC FOR INDUSTRIALIZATION, SUPPORTS REFORMS TO BOOST ECONOMY

pretty onyi -
The World Bank has emphasized Nigeria's National Youth Service Corps (NYSC) scheme as a valuable asset capable of driving industrial growth, encouraging the Nigerian...
Business

Naira Depreciates to ₦1,740 per Dollar in Parallel Market While Appreciating in NAFEM

pretty onyi -
Today, the Naira experienced a slight depreciation in the parallel market, dropping to ₦1,740 per dollar from ₦1,739 per dollar on Thursday. In contrast,...
Business

FIRSTBANK CLARIFIES MISLEADING REPORT ON SYSTEM UPGRADE

pretty onyi -
FirstBank has issued a statement addressing a misleading report concerning a recent system upgrade, emphasizing that the information circulated was intended solely for its...
Business

NBS REPORT SHOWS 67.8% OF NIGERIAN HOUSEHOLDS USE FIREWOOD FOR COOKING

pretty onyi -
The National Bureau of Statistics (NBS) has released a report revealing that a significant 67.8% of Nigerian households in nine states primarily use firewood...
Business

Nigeria’s External Reserves Reach $40.2 Billion

pretty onyi -
The Central Bank of Nigeria (CBN) has announced that the nation's external reserves have increased to $40.2 billion as of October 18, 2024. This...
Business

Naira Depreciates in Parallel Market but Appreciates in NAFEM

pretty onyi -
Yesterday, the Naira depreciated to N1,739 per dollar in the parallel market, compared to N1,735 per dollar on Wednesday. Conversely, it appreciated to N1,601.2...
Business

VERVE INTERNATIONAL HITS NEW MILESTONE WITH 70 MILLION ISSUED PAYMENT CARDS

pretty onyi -
Verve International has announced a new growth milestone, recording over 70 million issued payment cards to date. In a statement, the company highlighted that Verve...
Business

CBN CLARIFIES THERE IS NO DEADLINE FOR OLD NAIRA NOTES

pretty onyi -
The Central Bank of Nigeria (CBN) has issued a clarification stating that there is no deadline for the circulation of old Naira notes, dispelling...
Business

Nigerian Breweries Reports Significant Revenue Growth in Q3 2024

pretty onyi -
Nigerian Breweries Plc has announced impressive financial results for the third quarter ending September 30, 2024, posting revenue of ₦703 billion, marking a 75%...
Business

FOREIGN EXCHANGE INFLOWS TO NIGERIA REACH $57 BILLION BY AUGUST 2024

pretty onyi -
Foreign exchange (FX) inflows to Nigeria reached $57 billion by August 2024, as reported by the Central Bank of Nigeria (CBN). This announcement was...
Business

NIGERIA’S EXTERNAL RESERVE INCREASES TO $40.2 BILLION

pretty onyi -
As of October 18, 2024, Nigeria's external reserve has reached $40.2 billion, according to the Central Bank of Nigeria (CBN). This update was shared...
Business

AFRICA PRACTICE SURVEY REVEALS 46% OF AFRICAN BUSINESSES HIT BY REVENUE DECLINES, AS 70% TURN TO DIGITAL SOLUTIONS

pretty onyi -
A recent CEO survey conducted by Africa Practice has revealed that 46% of African businesses are experiencing revenue declines due to rising inflation and...
Business

WORLD BANK COMMITS TO INCREASE AGRICULTURE FINANCING TO $9 BILLION ANNUALLY BY 2030

pretty onyi -
The World Bank Group has announced a significant increase in its annual agriculture financing, aiming to boost investments to $9 billion by 2030. This...
Business

G-24 URGES IMF AND WORLD BANK REFORMS TO BETTER SUPPORT DEVELOPING ECONOMIES

pretty onyi -
The Group of 24 (G-24) has called for comprehensive reforms of the International Monetary Fund (IMF) and the World Bank to better address the...
1234...18Page 3 of 18

Latest news

© Africanawa 2025, All rights reserved. LagosNawa is a wholly Nigerian company and a subsidiary of Kingdom Global Business, based in Nigeria.

About Us

Popular Category

Editor Picks