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Business - Page 351

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

Agro-Economy·Business·News

Agriculture: The Alternative Bank Moves To Tackle Hunger In Ogoniland

The Alternative Bank Limited has moved to tackle hunger in Ogoniland through its Agricultural Community Support Programme (ACSP). Their partnership with over 800 local farmers and Global Entrepreneurship City Limited signals a move towards addressing hunger, reviving agriculture, and tackling environmental distress

December 15, 2023

Criminalising Refusal To Sing Anthem Not Our Priority – Lawyer

Business·News

NASS To Probe $496m Payment For Itakpe Iron Ore Revitalization

The National Assembly has agreed to probe into the failed concession agreement involving $496 million payment to an Indian firm, Global Infrastructure Holding Limited (GIHL).

December 15, 2023

World Bank Report Reveals 34% of Nigeria’s Education, Health Expenditures Lost Due To Absenteeism

Africa·Business·News·World News

Debt Servicing: How High-Interest Rates Threaten Nigeria, Tanzania, Others’ Investments – World Bank

World Bank report has brought to light the alarming reality faced by developing nations, particularly Nigeria and Tanzania, as they grapple with the burden of debt servicing. Over the past four decades, these countries collectively funneled a colossal $441 billion into servicing

December 15, 2023

IMF Urges Caution On Crypto Adoption, Warns Of Macro-Financial Instability

Business·News·World News

IMF Caution Against Increased Crypto Adoption, Warns Of Macro-financial Instability

Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva has sounded a cautionary alarm regarding the widespread embrace of cryptocurrencies, warning against macro-financial instability. Georgieva’s call at the International Conference on Digital Money in Seoul, South Korea conveyed a sense of urgency

December 15, 2023

AfDB Boosts Nigerian Fertilizer Industry With $75m Loan

Africa·Business·News

Sao Tome and Prínciple: AfDB Approves $17.4m Grants To Boost Financial, Energy Reforms

The Board of Directors of the African Development Bank Group has approved grants amounting to $17.4 million for Sao Tome and Príncipe. This move is part of the economic response strategy aimed at supporting public finance and energy sector reforms following several

December 15, 2023

African Development Fund Approves €38.84 Million Loan To Boost Benin’s Economic Growth

Africa·Business·News

ADF Approves €38.84m Loan To Boost Benin’s Economic Growth

In a move to bolster Benin’s economic landscape, the Board of Directors of the African Development Fund, a concessional window of the African Development Bank Group, has sanctioned a €38.84 million loan. The loan signed on December 13, aims to kickstart the

December 15, 2023

Business·News·Sports

Africa Cup Of Nations 2023: Ecobank Named Official Sponsor

Ecobank, one of the pan-African banks, has been declared an Official Sponsor of the TotalEnergies Africa Cup of Nations Côte d’Ivoire 2023 by the Confederation of African Football (CAF). The tournament, set to begin on 13 January 2024 in Côte d’Ivoire, is

December 15, 2023

Naira Ends Week With N30 Gain In Black Market: Hope For Naira?

Business·Currency·News

Naira Appreciates To N901/$1: Confidence Key To Stability – Experts

On a day marked by a marginal gain for the Naira against the dollar, the local currency appreciated to close at N901.41 to a dollar at the official market, while holding steady at N1,260/$1 at the black market on Thursday, December 14th,

December 15, 2023

NNPC: Petrol Import To Stop As Port Harcourt Refinery Begins Operations Soon

Business·Oil & Gas

2024 Budget: 1.78mpd Oil Production Can Be Achieved – NNPCL Boss

Despite the drop in the crude oil production as indicated in the latest November 2023 report, Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has asserted that 1.785 million barrels of oil per day (bpd) in

December 14, 2023

Business·Finance & Economy·News

CBN Governor Predicts Decline In Inflation, Exchange Rates In 2024

The Central Bank of Nigeria (CBN) Governor, Yemi Cardoso, has predicted a decline in persistently rising inflation and exchange rates in 2024. Addressing the Joint Committee on Banking, Insurance, and Other Financial Institutions in Abuja on Thursday, Cardoso emphasized, “The outlook for

December 14, 2023

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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 351

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

Agriculture: The Alternative Bank Moves To Tackle Hunger In Ogoniland

NASS To Probe $496m Payment For Itakpe Iron Ore Revitalization

Debt Servicing: How High-Interest Rates Threaten Nigeria, Tanzania, Others’ Investments – World Bank

IMF Caution Against Increased Crypto Adoption, Warns Of Macro-financial Instability

Sao Tome and Prínciple: AfDB Approves $17.4m Grants To Boost Financial, Energy Reforms

ADF Approves €38.84m Loan To Boost Benin’s Economic Growth

Naira Appreciates To N901/$1: Confidence Key To Stability – Experts

2024 Budget: 1.78mpd Oil Production Can Be Achieved – NNPCL Boss

CBN Governor Predicts Decline In Inflation, Exchange Rates In 2024

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

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Business - Page 351

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