Browse Category

Business - Page 359

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

Tinubu Set To Attend COP 28 Summit In Dubai

Business·Finance & Economy·News

Nigerian Govt Allocates N100bn For National CNG, Electric Vehicle Deployment

In a move toward a sustainable and cost-effective transportation future, the Presidential Compressed Natural Gas (CNG) Initiative announced the allocation of N100 billion for the proliferation of CNG buses across Nigeria. The initiative, outlined in a statement released on Wednesday, detailed plans

December 7, 2023

How Nigeria’s External Reserves Rose By 5.6% To $38.8bn In 2024 — CBN

Business·News

Why Banks Will Disconnect Non-deposit Financial Institutions From Transfer List

In a directive from the Nigeria Inter-Bank Settlement System (NIBSS), United Bank of Africa (UBA), First Bank, and others across the country have been mandated to disconnect various non-deposit-taking financial entities from their NIP (Nigeria Inter-Bank Settlement System Instant Payment) Outwards System.

December 7, 2023

Business·FEATURES

What About Nigeria’s Eastern Seaports? The Startling Statistics!

Reviving Nigeria’s Eastern Seaports Will Increase Government’s Yearly Revenue By $14 Billion In early April this year, the Lagos Chamber of Commerce and Industry (LCCI) reported that Nigeria loses N7.6 trillion annually to congestions in Apapa and Tin-can ports in Lagos. The

December 7, 2023

National Assembly Suspends Legislative Activities For Seven Days To Mourn Buhari

Business·News

Stop Tax Waivers To Companies – NASS Tells FG After Nigeria Lost N3Trn In 2023

After learning from the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, that Nigeria has already lost over N3 trillion to tax waivers this year, the National Assembly joint committee on Appropriations has urged the federal government to

December 7, 2023

Official Market Records Decline In Dollar Rate, Trade Flat In Black Market

Business·Currency·News

Naira Hits New Record Low At N951/$1 – Experts Urge Drastic Economic Shifts

In a dramatic plunge, the Nigerian Naira plummeted to a historic low of N951/$1, marking a 15.19% depreciation in the official market. Wednesday’s trading saw fluctuations, with an intraday high of N1159.10/$1 and a low of N701/$1, showcasing a concerning spread of

December 6, 2023

NGX stock market. Photo credit: TheCable

Business·Markets·News

First Bank’s Market Surge Leads NGX As ASI Appreciates By 0.78%

In an unprecedented surge, the Nigerian Exchange Group (NGX) witnessed an ascent in market indices today, highlighted by the All-Share Index (ASI) rallying by 0.78% to conclude at 71,808.64 points. This surge translated into equities gaining N472 billion, with the market capitalization

December 6, 2023

Business·News·Oil & Gas

NNPC Signs 2 Gas Deals At COP28

The Nigeria National Petroleum Company Limited (NNPCL) has signed two gas contracts at the ongoing COP28 in Dubai United Arab Emirates (UAE).

December 6, 2023

Africa·Business·News·World News

World Bank To Allocates $5bn To Empower 100 Million Africans Through Electricity Initiatives

Addressing an assembly in Zanzibar, Tanzania, Ajay Banga, the president of the World Bank outlined an ambitious initiative to empower 100 Million Africans through the availability of electricity across Africa by 2030. During the mid-term review of the International Development Association’s (IDA)

December 6, 2023

Business·News·Oil & Gas

2024 Budget: Nigerian Govt Pledges N4.45bn Allocation To Ajaokuta Steel, Seeks N35 Billion Financing For Revival

In a determined move to resuscitate the long-dormant Ajaokuta Steel Company, the Federal Government has earmarked N4.45 billion in the 2024 budget, demonstrating a noticeable increase from the previous year’s allocation of N3.71 billion. This renewed allocation aims to address personnel costs,

December 6, 2023

Business·News·World News

TikTok Owner, ByteDance Utilizes $50 Billion Cash Reserve To Repurchase Shares

ByteDance, the powerhouse behind TikTok and Douyin, announced a move to repurchase up to $5 billion worth of shares from investors, drawing from its $50 billion cash reserve. The company, renowned for its viral short-video apps, witnessed a revenue surge, amassing $29

December 6, 2023

Previous 1 … 357 358 359 360 361 … 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

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.

Necessary

Always Enabled

Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.

Cookie	Duration	Description
cookielawinfo-checbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Business - Page 359

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

Nigerian Govt Allocates N100bn For National CNG, Electric Vehicle Deployment

Why Banks Will Disconnect Non-deposit Financial Institutions From Transfer List

What About Nigeria’s Eastern Seaports? The Startling Statistics!

Stop Tax Waivers To Companies – NASS Tells FG After Nigeria Lost N3Trn In 2023

Naira Hits New Record Low At N951/$1 – Experts Urge Drastic Economic Shifts

First Bank’s Market Surge Leads NGX As ASI Appreciates By 0.78%

NNPC Signs 2 Gas Deals At COP28

World Bank To Allocates $5bn To Empower 100 Million Africans Through Electricity Initiatives

2024 Budget: Nigerian Govt Pledges N4.45bn Allocation To Ajaokuta Steel, Seeks N35 Billion Financing For Revival

TikTok Owner, ByteDance Utilizes $50 Billion Cash Reserve To Repurchase Shares

Featured Stories

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

SAFE IN NIGERIA: Boris Johnson’s Claim and the outrage

Enugu’s BRT Blitz: Modern Roads, Shattered Lives

VENGEANCE UNLEASHED: US Launches Devastating Strikes Against ISIS in Syria After Deadly Attack

Whatsapp Channel

Latest News

A Very Dirty Christmas Title Sparks Backlash – CAN, Regulators, Producer in Public Dispute

Fire Hits FIRS Office Amid Tax Law Discrepancy Concerns

PayPal’s Nigeria Re-Entry Raises Hard Questions About Inclusion, Accountability, Market Power

Former Delta North Senator Peter Nwaoboshi Dies After Sudden Collapse in Abuja

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

Dollar Trades Flat In Black Market, Appreciates In Official Window

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

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

A Very Dirty Christmas Title Sparks Backlash – CAN, Regulators, Producer in Public Dispute

Suggestions

Business - Page 359

Featured Stories

Follow Us

Whatsapp Channel

Latest News