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Business - Page 353

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

Oil Prices Surge Amid Middle East Conflict Fears, Brent Crude Nears $80 Per Barrel

Business·News

Oil Prices Drop Threatens Nigeria’s 2024 Revenue Target

In a London trading session on Wednesday, oil prices plummeted to a five-month low, posing a threat to Nigeria’s revenue targets for 2024. The decline, driven by worries of declining demand, supply shortages, and fluctuations in long-term interest rates, is raising apprehensions

December 13, 2023

Nigerians Generate 40,000MW Of Electricity From Generator, Says Minister

Business·News

Nigerians Generate 40,000MW Of Electricity From Generator, Says FG

The Nigerian government disclosed that the country generates approximately 40,000 megawatts of electricity from generators fueled by petrol (Premium Motor Spirit) and diesel (Automotive Gas Oil). This reliance on backup generators, revealed Minister of Power Adebayo Adelabu, is costing the nation tens

December 13, 2023

Business·Finance & Economy·News

Just In: CBN Halts New Loan Applications For Intervention Programme

The Central Bank of Nigeria (CBN) has halted the acceptance of new loan applications under its Development Finance Intervention Programme, signaling a transition in its operational strategy. In a circular addressed to bank Chief Executives, Sa’ad Hamidu, Acting Director of the Development

December 13, 2023

Business·News·World News

UK To Invest $15m In Nigeria’s Agric Sector

The British International Investment (BII) on Tuesday announced plans to inject $15 million into Valency International, a Singapore-based agricultural commodities trading house, for the expansion of processing and warehouse infrastructure in Nigeria.

December 13, 2023

NGX stock market. Photo credit: TheCable

Business·Markets·News

NGX Sees N130 Billion Gain As ASI Rise By 0.33%

Trading activities on the Nigerian Exchange Limited exhibited resilience on Tuesday, with investors gaining N130 billion as the market showcased a blend of positive and sectorial variations. In direct commentary, a market analyst, John Doe, highlighted, “Today’s performance reflects a continued upward

December 13, 2023

Business·News

Gov Fubara Presents 2024 Budget To Rivers Assembly Despite Demolition

Governor Siminalayi Fubara of Rivers State on Wednesday presented the N800bn budget estimate for the 2024 fiscal year to Edison Ehie-led group at the Government House the same time that the House of Assembly complex at Moscow Road in Port Harcourt was

December 13, 2023

Business·Oil & Gas

Nigeria Optimistic On Achieving 1.7mpd Crude Despite November Output Drop

The Nigerian government has expressed optimism that the country will reach and exceed the benchmark for the 2024 crude oil budget of 1.7 million barrels per barrel despite a slight decrease in oil output in November 2023.

December 13, 2023

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Currency·News

Experts Advocate Shift In Naira Policy As Currency Falls Marginally To N1186/$1

The Nigerian naira experienced a marginal dip against the U.S. dollar on Tuesday, registering an intraday high of N1186/$1 across both official and parallel markets. This slight decline comes after a rebound on Monday, where the currency appreciated notably at the official

December 13, 2023

Nigeria identifies 44 key solid minerals foreign investors showing interest

Business·News

Nigeria Identifies 44 Key Solid Minerals With Foreign Investors Showing Interest

The Minister of Solid Minerals Development, Dele Alake yesterday stated that the ministry has identified about 44 key solid mineral deposits in the country out of which seven are in high demand because of their value. He stated this when he appeared

December 13, 2023

"No Omelette Without Breaking Eggs"- Sanwo-Olu Explains Nigerians' Resistance To Tax Reform Bills

Business·News

Lagos Govt Pushes For Over N10 Billion Annual Budget To Overhaul Security

Abdurrazaq Balogun, the Executive Secretary of Lagos State Security Trust Fund (LSSTF), emphasized the urgent need for a substantial budget exceeding N10 billion annually for the next five years to revamp the security framework in Lagos State. During the 17th Annual Town

December 13, 2023

Previous 1 … 351 352 353 354 355 … 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 353

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

Oil Prices Drop Threatens Nigeria’s 2024 Revenue Target

Nigerians Generate 40,000MW Of Electricity From Generator, Says FG

Just In: CBN Halts New Loan Applications For Intervention Programme

UK To Invest $15m In Nigeria’s Agric Sector

NGX Sees N130 Billion Gain As ASI Rise By 0.33%

Gov Fubara Presents 2024 Budget To Rivers Assembly Despite Demolition

Nigeria Optimistic On Achieving 1.7mpd Crude Despite November Output Drop

Experts Advocate Shift In Naira Policy As Currency Falls Marginally To N1186/$1

Nigeria Identifies 44 Key Solid Minerals With Foreign Investors Showing Interest

Lagos Govt Pushes For Over N10 Billion Annual Budget To Overhaul Security

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

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

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