Category: Business
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Oba Market remains the largest and busiest commercial hub in Edo State, and its electronics section is the number one destination for phones, laptops, accessories, and repairs. The market hosts hundreds of gadget sellers ranging from wholesalers to retail dealers. You’ll also find several modern plazas around the area dedicated to electronics. Notable gadget centers…
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Abuja – (NAN) Some traders, business owners now prefer cash payment from customers for goods and services rendered. This followed implementation of the new tax law, a News Agency of Nigeria (NAN) study reveals. Some of the traders who spoke to NAN in Abuja on Sunday, said the move was the interim measure to sustain…
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Muscat: Gulf International Bank BSC (GIB), a leading regional financial institution headquartered in Bahrain, has announced the successful closing of a $1 billion five-year term loan facility for Energy Development Oman (EDO), arranged together with Mashreq as Joint Initial Mandated Lead Arrangers, Underwriters and Bookrunners. The transaction attracted strong participation from an international group of…
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Some entrepreneurs follow trends, but Alexander Amosu has made a career of creating them. Visionary, inventive, and bold, he has redefined what it means to be a pioneer in both business and luxury. Amosu’s entrepreneurial journey began remarkably early. At just 12 years old, he launched his first business, setting the tone for a career…
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🇳🇬President Bola Ahmed Tinubu (@officialABAT) on Thursday attended the #France-#Nigeria Business Council meeting alongside 🇫🇷President @EmmanuelMacron, with a focus on strengthening business, trade, & economic ties while exploring new avenues for partnership. Established in 2021 by President Macron, the Council plays a crucial role in bringing together major companies from Nigeria & France. The meeting…
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1 🇳🇬Nigeria: 61.2m tonnes 2 🇬🇭Ghana: 10.7m tonnes 3 🇨🇮Côte d’Ivoire: 7.6m tonnes 4 🇧🇯Benin: 3.2m tonnes 5 🇹🇬Togo: 985K tonnes 6 🇨🇲Cameroon: 543K tonnes 7 🇨🇫Central African Rep: 491K tonnes 8 🇹🇩Chad: 462K tonnes 9 🇨🇴Colombia: 402K tonnes 10 🇵🇬Papau New Guinea: 378K tonnes #Statisense (FAO)
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The Naira on Friday, February 2, exchanged at N1,440 to a dollar, from N1,450 per dollar on Thursday, February 1. The Naira also appreciated to N1,435.53 per dollar in the Nigerian Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,435.53 per dollar from N1,461.9 per dollar on…
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The market capitalisation of Dangote Cement hit N10tn at the close of trading on Monday, emerging as the first company to achieve that milestone on the Nigerian Exchange. It closed trading with a N10.098tn market cap. This month, it displaced Airtel Africa as the most capitalised stock on the local bourse.
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Billionaire tycoon Femi Otedola has racked up shares worth N6 billion of Dangote Cement Plc, a source with knowledge of the transactions told PREMIUM TIMES on Thursday. Mr Otedola, the source said, acquired the shares in his name. Sub-Saharan Africa’s largest cement maker Dangote Cement recently leapfrogged telecommunications powerhouse Airtel Africa to become Nigeria’s biggest…
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The Chief Executive Officer (CEO), Financial Derivatives Company (FDC), Bismarck Rewane, said the naira is currently under-valued at both the Nigerian Autonomous Foreign Exchange Market (NAFEM) and the parallel forex markets. Rewane stated this on Tuesday in a keynote address at the 2024 Economic Outlook and Budget Analysis organised by the Lagos Chamber of Commerce…