HomeBusiness

Business

Southeast Sit-at-Home Costs Micro-Businesses N4.6trn Yearly – Report

The enforced sit-at-home protests by the Indigenous People of Biafra (IPOB) may have caused severe socio-economic and security disruption in Southeast with micro-businesses losing N4.6 trillion yearly, according to an SBM Intelligence report.

Dangote to Begin Coal Exports, Targets $7m Fertiliser Revenue Daily

Aliko Dangote, president of the Dangote Industries Limited, says the company will soon start exporting coal out of Nigeria.

Nigeria Targets $23bn Avocado Market

There are efforts to get more Nigerians to explore the global avocado market projected to reach $17.56 billion this year . The market was $16.24 billion last year. It is expected to reach $23.29 billion by 2029.

Forex Inflows from IMTOs Rise by 44.5%

The value of foreign exchange inflows to the economy through the International Money Transfer Operators (IMTOs) rose sharply in 12 months to $4.76 billion, the Central Bank of Nigeria (CBN) quarterly statistical bulletin has shown.

Naira Holds Firm Against Dollar in Black Market

Naira Holds Firm Against Dollar in Black Market ‎The naira remained stable against the US dollar in the parallel market on Monday. ‎A source at the Abuja black market told Economic Confidential that as of May 26, the naira traded at ₦1,610/$1 for buying and ₦1,617/$1...

SEC Reports N1.1trn Dividends for Listed Companies in 2024

The Securities and Exchange Commission (SEC) says listed companies declared dividends totalling N1.1 trillion to shareholders in 2024, and N1 trillion of that amount has already been paid.