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Business - Page 308

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond under the Presidential Power Sector Debt Reduction Programme, raising N590 billion to settle verified arrears owed to power generation companies and gas suppliers. The bond, guaranteed by the full faith and credit

December 21, 2025

Africa·Business·News·World News

Economist Urges Long-Term Financing Instead Of Short-Term Loan For Africa’s Growth

Renowned economist Professor Jeffrey Sachs has highlighted the challenges facing Africa’s economic development, emphasizing the need for long-term financing solutions. Speaking at the Africa Union summit in Addis Ababa, Ethiopia, Sachs criticized the prevalent practice of short-term loans with high interest rates,

February 18, 2024

Business·News

Rising Exchange Rates, Cement Prices, Building Materials, Others Spark Real Estate Crisis: Developers, Homeowners, Investors Lament

In the face of skyrocketing exchange rates, Nigeria’s real estate sector is reeling from a series of challenges that threaten to derail projects, unsettle homeowners, and disillusion investors. With building material costs soaring to unprecedented heights, estate developers find themselves grappling with

February 18, 2024

Just In: CBN Resumes Fx Sale To BDCs At N1,021/$1

Business·Markets·News

CBN Forex Policies Faltering As Naira Edges Closer To N1,700/$1: Is Stability Possible Amidst Structural Challenges?

The ongoing struggle to stabilize the naira against the dollar has intensified, with the exchange rate inching closer to a daunting N1,700/$1 mark. Despite concerted efforts by the Central Bank of Nigeria (CBN) to implement various forex policies, the currency’s value continues

February 17, 2024

AfDB Boosts Nigerian Fertilizer Industry With $75m Loan

Africa·Business·News·World News

AfDB Warns of Unrest Over Rising Commodity Prices

The African Development Bank (AfDB) has issued a cautionary message, highlighting the potential for social unrest as commodity and fuel prices continue to climb, sparking resistance against government policies like subsidy removal. According to their macroeconomic performance report for 2024, the bank

February 17, 2024

Business·News

FCCPC Reopens Supermarket Sealed Over Misleading Pricing

The Federal Competition and Consumer Protection Commission (FCCPC) has reinstated Sahad Stores, a popular supermarket in Abuja’s Garki area, following assurances of transparent pricing practices. The decision comes just a day after the store was sealed for deceptive pricing strategies. Adamu Ahmed

February 17, 2024

Business

Hardship: Tackle Root Cause Of Food Scarcity, Inflation, Not Breaking Warehouses, Closing Shopping Mall Over Hoarding, Nweke Tells Nigerian Govt

Mr Frank Nweke Jr, has advised the Nigerian government to tackle the root causes of high inflation and food scarcity ravaging the country rather than breaking warehouses of goods and closing down shopping centres over allegations of hoarding products.

February 17, 2024

Why Cement Price Keeps Rising – Producers

Business·News

Incessant Increase In Price Of Cement, Other Building Materials Not Acceptable, Says Housing Minister

The Minister of Housing and Urban Development, Arc. Musa Dangiwa, expressed concern about the constant increase in cement and other building material prices in Nigeria. He said, “It’s sad to see Nigerians paying more for cement almost every day. I don’t know

February 16, 2024

NGX ASI Further Drops By 0.67%, As BUA Cement, Eterna Among Top Losers

Business·Markets

NGX Sustains Positive Trend, Gains N329bn As ASI Rises By 0.58%

Nigerian exchange continued its upward trajectory for the second consecutive day, witnessing a notable gain of N329 billion.

February 16, 2024

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Currency

Naira Trades N1,498/$ At Official Market, N1600 At Parallel Market As CBN Tackles Forex Operators

The naira edged up slightly against the US dollar, closing at N1,498.25/$ on Thursday, showing a marginal improvement from the previous day’s rate of N1,503.38/$. This minor appreciation occurred amidst ongoing efforts by the Central Bank of Nigeria (CBN) to combat foreign

February 16, 2024

Nigeria's Inflation Rate Hits 33.88% In October Amid Fresh Fuel Price Spike

Business

Nigeria’s Inflation Hits 29.90% As Experts Blame Weaker Naira, High Fuel Prices, Others

Economists are pointing to a combination of factors, including a weaker naira and high fuel prices, as the driving forces behind Nigeria’s soaring inflation rate, which has now reached 29.90% as of January 2024. The latest figures from the National Bureau of

February 16, 2024

Previous 1 … 306 307 308 309 310 … 728 Next

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

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Business - Page 308

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

Economist Urges Long-Term Financing Instead Of Short-Term Loan For Africa’s Growth

Rising Exchange Rates, Cement Prices, Building Materials, Others Spark Real Estate Crisis: Developers, Homeowners, Investors Lament

CBN Forex Policies Faltering As Naira Edges Closer To N1,700/$1: Is Stability Possible Amidst Structural Challenges?

AfDB Warns of Unrest Over Rising Commodity Prices

FCCPC Reopens Supermarket Sealed Over Misleading Pricing

Hardship: Tackle Root Cause Of Food Scarcity, Inflation, Not Breaking Warehouses, Closing Shopping Mall Over Hoarding, Nweke Tells Nigerian Govt

Incessant Increase In Price Of Cement, Other Building Materials Not Acceptable, Says Housing Minister

NGX Sustains Positive Trend, Gains N329bn As ASI Rises By 0.58%

Naira Trades N1,498/$ At Official Market, N1600 At Parallel Market As CBN Tackles Forex Operators

Nigeria’s Inflation Hits 29.90% As Experts Blame Weaker Naira, High Fuel Prices, Others

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Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

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