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Category: Business
Exploring The List Of America’s Richest Black Billionaires in 2024
The list of America’s richest black billionaires consist of individuals who have shown resilience in their various fields of expertise. These individuals have built their wealth across diverse portfolios including…
NGX: Investors Lose N468.4bn In 3 Days Amid Profit-Taking
Investors trading on the Nigerian Exchange Limited (NGX) witnessed a significant loss in their investments over three days as profit-taking persisted in fundamental stocks. The overall market capitalization closed at…
Relief As CBN Clears $7bn Forex Backlog Amid Boosting Economic Stabilization
The Central Bank of Nigeria (CBN) has announced the clearance of all forex backlogs, a significant stride towards economic stabilization. This achievement fulfills a commitment made by CBN Governor, Mr…
Inflation: Argentineans Abandoned US Dollar, Shift To Bitcoin
Argentineans are turning to Bitcoin as a shield against record-breaking inflation, marking a significant shift in the country’s economic landscape. Recent data indicates a surge in Bitcoin purchases in Argentina,…
French Authority Hit Google With €250m Fine For Copyright Infringement
The Autorité de la Concurrence in France has hit tech giant Google with a €250 million fine due to its failure to comply with copyright regulations. This move marks the…
Naira Gains Ground, Hits N1,400/$1 In Parallel Market
In a remarkable turn, parallel market operators are now offering a buy price of N1400/$1 for those willing to sell dollars, signaling a notable strengthening of the Naira. This shift…
NGX Sees Second Consecutive Day of Negative Trading As Investors Lose N62bn
For the second day in a row, the Nigerian Equities Market witnessed a downturn in trading activities, resulting in investors facing losses worth N62.21 billion, according to data from the…
FX: Naira Depreciates By N1,610/$1 In Parallel Market As Inflation Persists
The Nigerian naira faced a decline in the foreign exchange (FX) market on Monday, hitting N1,610 against the dollar in the parallel market. This marks a 0.63 percent decrease from…
NGX: Market Capitalization Loses N239bn As ASI Decline By 0.4%
The NGX commenced the week on a bearish note, witnessing a decline of 0.4% in the All-Share Index. This downturn led to a loss of 421.91 points, closing at 104,663.34…