October 28, 2024 - NairaDay

Business News Economy

Naira Declines Amid Market Forces as CBN Adjusts Strategy

Web AdminOctober 28, 2024October 28, 2024

October 28, 2024 — The Nigerian naira continues to face downward pressure against the US dollar, trading at N1,654.09 per dollar in the official foreign currency market as of Wednesday....

Business News

Naira Experiences Mixed Performance in Forex Markets

Web AdminOctober 28, 2024October 28, 2024

October 28, 2024 — The Nigerian naira has shown a mixed performance in the forex market, with a slight depreciation in the parallel market but a notable recovery in the...

Business News

Crypto Market Shows Promising Growth in October, Memecoins Lead the Charge

Web AdminOctober 28, 2024October 28, 2024

October 28, 2024 — The cryptocurrency market experienced a significant uptick in October, commonly referred to as "Uptober" by enthusiasts, with key assets like Bitcoin witnessing notable price surges. This...

Business News

Cadbury Nigeria Reports 65% Increase in Pre-Tax Losses Despite 51% Revenue Growth

Web AdminOctober 28, 2024October 28, 2024

Key highlights from the financial statement include: Revenue: N89.52 billion (+51%) Cost of Sales: N74.76 billion (+74%) Gross Profit: N14.76 billion (-9.44%) Selling and Distribution Expenses: N5.18 billion (-0.13%) Operating...

Business News

Oil prices plummeted nearly $5 per barrel on Monday following Israel’s retaliatory strikes against Iran, which did not target oil or nuclear facilities, thus leaving energy supplies intact.

Web AdminOctober 28, 2024October 28, 2024

As of 1302 GMT, Brent crude was down $4.80 (6.31%) to $71.25 per barrel, while West Texas Intermediate (WTI) fell $4.78 (6.7%) to $67.00 per barrel. The decline followed a...

Tech Business

Google Invests $5.8 Million to Enhance AI Skills Across Sub-Saharan Africa

Web AdminOctober 28, 2024October 28, 2024

Tech giant Google has announced a significant investment of $5.8 million aimed at accelerating AI skilling initiatives throughout Sub-Saharan Africa. This commitment is part of the company’s broader goal to...

Business News Economy

Northern Nigeria’s Rice Mills Face Shutdowns Amid Rising Costs and Lack of Support

Web AdminOctober 28, 2024October 28, 2024

Rice mills in Northern Nigeria are shutting down as escalating production costs and the cessation of intervention financing over the past 18 months strain operations. Between 2015 and 2020, a...

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GOVERNOR CALEB MUTFWANG’S ADMINISTRATION: LEADING THE CHARGE FOR FAIR AND CREDIBLE ELECTIONS IN PLATEAU STATE

Web AdminOctober 28, 2024October 28, 2024

Governor Caleb Mutfwang’s administration has emerged as a trailblazer in Nigeria’s democratic space, with its outstanding efforts in promoting fair and credible elections in Plateau State. Through a strategic focus...

Day: October 28, 2024

Naira Declines Amid Market Forces as CBN Adjusts Strategy

Naira Experiences Mixed Performance in Forex Markets

Crypto Market Shows Promising Growth in October, Memecoins Lead the Charge

Cadbury Nigeria Reports 65% Increase in Pre-Tax Losses Despite 51% Revenue Growth

Oil prices plummeted nearly $5 per barrel on Monday following Israel’s retaliatory strikes against Iran, which did not target oil or nuclear facilities, thus leaving energy supplies intact.

Google Invests $5.8 Million to Enhance AI Skills Across Sub-Saharan Africa

Northern Nigeria’s Rice Mills Face Shutdowns Amid Rising Costs and Lack of Support

GOVERNOR CALEB MUTFWANG’S ADMINISTRATION: LEADING THE CHARGE FOR FAIR AND CREDIBLE ELECTIONS IN PLATEAU STATE

Nigerian Equities Market Sheds N94bn as Investors Take Profit on Blue-Chip Stocks

Turkish Investors Eye Agriculture, Textiles, and Manufacturing in Abia

National Quality Conference, Awards Shifted to March 2026

Universal Insurance Posts 291% Profit Growth, Records ₦15.3bn Premium in 2024

Bitget Launches AI-Powered Trading Assistant in Nigeria to Boost Smart Trading

Alake Woos Global Investors at China Mining Conference, Says Nigeria’s Reforms Have Made Mining Sector Most Attractive in Africa

Real Madrid Edge Barcelona 2–1 in El Clásico Thriller to Go Top of La Liga

Dangote Seeks Additional $5bn for Lagos Refinery Expansion, Says Afreximbank President

Nigeria Academy of Pharmacy Urges Stronger Collaboration to Drive Pharmaceutical Innovation and Self-Reliance

Despite Dangote Refinery, Nigeria Still Imported 69% of Petrol in 15 Months

Poor Regulation, Lack of National Water Safety Plan Fueling Boat Accidents — Maritime Research Group

NNPCL Urges NUPRC to Deepen Investment Drive in Deepwater Projects to Keep Nigeria Competitive