N Seven acquires 550,092 Guinness Nigeria shares
The acquisition underscores ongoing activity by key insiders to consolidate equity positions in the prominent brewing entity.
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SEC Nigeria releases rules for forex trading
The Commission said that the move is aimed at bringing operators serving Nigerian investors within a defined regulatory framework, particularly as online forex trading platforms increasingly operate across borders.
Naira Exchange Rates •Commodity Prices, Wednesday September 3
BLACK MARKET RATES US Dollar (USD) ₦1,400 Great British Pound(GBP) ₦1,890 EURO (EUR) ₦1,580 Canadian Dollar (CAD) ₦1,020 South African Rand (ZAR) ₦75 Ghana CEDI (GHS) ₦95 West African CFA Buy ₦2, 300 CENTRAL AFRICAN CFA Buy ₦2,150 CBN Exchange Rates US Dollar (USD) ₦1,329.43 Great British Pound (GBP) ₦1,800.18 EURO (EUR) ₦1,542. 01 Swiss…
Allawee notifies customers of closure December 1
Allawee warned that payments sent to its account numbers from December 1, 2026 will fail, while its cards will also stop working, regardless of the expiry dates printed on them.
Nestlé to sell health subsidiary for USD 1 billion
“This is another important step in the strategic transformation of our portfolio” said Philipp Navratil, CEO, Nestlé. “We are focusing our resources where we have the strongest competitive advantage.”
Dangote Refinery, NMDPRA Lock Horns Over Free Zone Powers
The refinery is challenging the directive on the ground that the petroleum regulator lacks the statutory authority to exercise regulatory or oversight powers over its operations within the free zone.
Commercial Banks’ Borrowing From CBN Drops By 89% in August
The apex bank lends money to banks through the SLF at interest rate of 500 bases points (bps) above the Monetary Policy Rate (MPR).
Naira Black Market,CBN Rate Tuesday Sept 1• Commodity Prices
Today, the Naira is exchanging at the Black Market and the CBN rate as follows : Black Market Rates • 1 US Dollar is 1398 Naira. •1 Great British Pound (GBP) is 1890 Naira. •1 Euro (EUR) is 1595 Naira. •1 Canadian Dollar (CAD) is 1020 Naira. •1 Chinese Yuan is 190 Naira. •1 South…
N120bn Power Loss: FG Moves Against Energy Theft on Ikorodu–Sagamu Industrial Corridor
Manufacturers operating in industrial clusters need reliable electricity not only to keep production lines running but also to control operating costs.
Emzor raises N26.7bn bond on FMDQ Group Exchange
The bond forms part of the company’s broader N40 billion ($29.6 million) bond issuance programme and represents Emzor’s second domestic bond, following strong investor demand that resulted in the issue being oversubscribed.