Business – Page 296 – City Business News

March 4, 2023 No Responses

Naira Loses Further To Dollar By 0.08%

Naira exchanged at N461.75 to the dollar at the Investors and Exporters window on Friday. The rate represented a further depreciation by 0.08 per cent, compared with the N461.40 which it exchanged to the dollar on Thursday. The open indicative...

March 3, 2023 No Responses

NGX Group Declares N6.17b Revenue For 2022

The Nigerian Exchange Group Plc has recorded a revenue of N6.17 billion in its audited financial statement, ended December 31, 2022. The Group explained on Thursday that the figure represents an increase of 6.8 per cent Year-on-Year (YoY) when compa...

NGX: Ugochi Obi Makes WFE <strong>Women Leaders List For </strong>2023

March 3, 2023 No Responses

NGX: Ugochi Obi Makes WFE Women Leaders List For 2023

By Moses Ebosele, ebosele@hotmail.com — The World Federation of Exchanges (WFE), on Thursday, named the head of X-Academy, Nigerian Exchange (NGX), Ugochi Obi as one of the twenty women leaders for 2023. City Business News reports that the WFE...

March 3, 2023 No Responses

WFE Women Leaders: Profile Of Ugochi Obi, Head, X-Academy, NGX

The World Federation of Exchanges (WFE), on Thursday, named the head of X-Academy, Nigerian Exchange (NGX), Ugochi Obi as one of the twenty women leaders for 2023. Information made available to the WFE website explained that the X-Academ...

March 2, 2023 No Responses

FG Approves Contracts For Transmission Company Of Nigeria

The Federal Executive Council (FEC) approved the procurement, design, installation and construction contracts and projects for the Transmission Company of Nigeria(TCN) on Wednesday in Abuja. Minister of Power, Alhaji Abubakar Aliyu, told State House correspond...

March 2, 2023 No Responses

Aisha Buhari Confident Of Tinubu’s Ability To Deliver

The wife of the President, Mrs Aisha Buhari, has expressed confidence on the ability of Nigeria’s President-Elect, Bola Tinubu, to deliver a country where unity, peace and progress is sustained. In a congratulatory message, which she personally signed ...

March 2, 2023 No Responses

Naira Gains 0.14% At Investors, Exporters Window

Naira exchanged at N461.35 to the dollar at the Investors and Exporters window on Wednesday. The rate represented an appreciation by 0.14 per cent compared with the N462 for which it exchanged to the dollar on Tuesday. The open indicative...

March 1, 2023 No Responses

INEC Declares Tinubu Winner Of Presidential Election

The Independent National Electoral Commission (INEC) has declared presidential flag bearer of the All Progressives Congress (APC), Sen. Bola Tinubu winner of Feb. 25 presidential election. Tinubu, who was former Governor of Lagos State, garnered total votes of...

March 1, 2023 No Responses

Four Ships Berth At Lagos Port With Petroleum Products

The Nigerian Ports Authority (NPA), on Tuesday disclosed that four ships had arrived the Lagos Port and are waiting to berth with petroleum products. It listed the petroleum products as jet fuel, automobile gasoline and petrol. The authority said that...

March 1, 2023 No Responses

Naira Exchanges For N462 To Dollar At Investors, Exporters Window

The Naira on Tuesday remained unchanged, exchanging at N462 to the dollar at the Investors and Exporters window. The local currency did not change from its value on Monday. An exchange rate of N462.50 to the dollar was the highest...

March 1, 2023 No Responses

NGX, PAPSS Sign MoU On Cross-Border Payments

Nigerian Exchange (NGX) and Pan African Payments Settlement System (PAPSS) on Tuesday signed a Memorandum of Understanding (MoU), to integrate the payments system that would boost cross-border securities transactions across African capital markets. Mr Temi Pop...

March 1, 2023 No Responses

India Bans Oil Tankers Older Than 25 Years

India is ramping up efforts aimed at modernizing its fleet and is reviewing the requirements of the registration and operation of ships to ensure the quality of the Indian flag. As a result, the country is withdrawing trading licenses to...

February 28, 2023 No Responses

Shell, Hapag-Lloyd Seal LNG Deal

German liner major. Hapag-Lloyd has signed a multi-year agreement for the supply of Liquefied Natural Gas (LNG) with Shell Western LNG B.V (Shell). The LNG is intended for Hapag-Lloyd’s twelve ultra-large dual-fuel container vessels currently under construct...

February 28, 2023 No Responses

Stock Market Gains N207b

The Nigerian bourse on Monday extended its positive performance with market capitalisation gaining N207 billion or 0.69 per cent to close at N30.140 trillion compared with N29.933 trillion on Friday. Also, the All-Share Index (ASI) rose by 379.21 points, repre...