Daily Business Headlines – November 30, 2022


Losses In NB, Others Drag Indices By N62 Billion

The bears sustained hold on the equities sector of the Nigerian Exchange Limited (NGX), following weak investor sentiments in the shares of many blue-chip companies, especially Nigerian Breweries (NB) and Stanbic IBTC, causing the market capitalisation to slip further by N62 billion. The All-Share Index (ASI) decreased… Read More


How Degradation Of Interlinked Roads Cripple Businesses At Apapa Port

Apapa port city, the nation’s gateway to economy is now one of torment for residents, workers and business people. The port city, which has two seaports, namely the Tin Can Island Port, Port Apapa and several tank farms dotting the length and breadth of the town. From all indications residents of the city are seeking the attention… Read More


Airlines Slash Fares As Competition Rise On Domestic Routes

Airlines operating in Nigeria are gradually slashing ticket prices on domestic routes as more airlines resume operations or increase frequencies. In recent weeks, more airlines have increased frequencies into routes that were being plied by one or few… Read More

FMDQ Exchange Secondary Market Turnover For October Down By 31.84%

FMDQ Exchange has released its Financial Markets Monthly report for October which shows that its secondary market turnover was N13.54 trillion, representing a month-on-month (MoM) decrease of 31.84percent (N6.33trillion) and a year-on-year (YoY) decrease of 21.33percent (N3.67trillion) from September 2022 and October 2021 figures… Read More



Emefiele: Non-Oil Exporters Repatriated $4.9bn In Nine Months

The Central Bank of Nigeria (CBN) says non-oil exporters repatriated $4.98 billion into the country in the first nine months of the year. Godwin Emefiele, CBN governor, disclosed this during his keynote address at the second edition of the RT200 biannual non-oil export summit, held in Lagos on Tuesday. The summit is themed ‘RT200… Read More


Federal Government Plans To End Refined Petroleum Products Imports By Q3/2023

The federal government plans to end refined petroleum products imports by Q3/2023. This is according to Timipre Sylva, Nigeria’s minister of state for petroleum resources. He said this during a press briefing in the country’s capital, Abuja, on Tuesday. Sylva said: “We are expecting that we will actually be exiting the importation of petroleum… Read More


Emefiele Reiterates Optimism About Economy Amid Slow Growth

In his address at the 57th Chartered Institute of Bankers of Nigeria’s annual bankers’ dinner, which held in Lagos last Friday, Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, painted a positive outlook for the country’s economy despite Gross Domestic Product (GDP) growth slowing to 2.25 per cent in Q3’ 2022… Read More



ASUU Continues Protest, Says NEC’ll Decide Next Step

The no-work, no-pay Federal Government policy was the subject of a peaceful demonstration on Tuesday by members of the Academic Staff Union of Universities at the Joseph Sarwuan Tarka University (formerly Federal University of Agriculture) Makurdi, Benue State. The Federal Government had, in October 2022, paid prorated… Read More

2023: You Must Be Apolitical, IGP Warns Men

The Inspector General of Police, Usman Baba, has warned men of the Nigeria Police Force to be apolitical as 2023 general election draws near. IGP Alkali handed down this warning in Umuahia, Abia State after inaugurating various projects in the state including Divisional Police Officer’s quarters in Eastern Ngwa Divisional Headquarters… Read More



Interswitch Supports Nigeria’s Payments Ecosystem, Headlines CeBIH 2022 Conference

Africa’s leading integrated payments and digital commerce company, Interswitch, has been announced as the Premium sponsor of the 2022 annual conference of the Committee of e-Business Industry Heads (CeBIH) holding on Friday, December 2, 2022, in Lagos. The Annual Conference, which has enjoyed keen support from the technology… Read More