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Business - Page 360

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

Business·News

Like GSK, P&G Set To Stop Operations In Nigeria

Procter & Gamble, a major consumer products company, has disclosed plans to close its ground operations in Nigeria and begin to import products into the country’s market. This was said by the company’s Chief Financial Officer, Andre Schulten, in a speech at

December 6, 2023

Business·News

Why Port Harcourt Refinery Can’t Work This December As Promised – Ex-NNPC Chief

Erstwhile Group Executive Director of the Nigerian National Petroleum Company (NNPC), Alex Ogedengbe, has advised Nigerians to minimize their expectations from the Port Harcourt refinery, stressing that from all indications the plant would not work this month. Prime Business Africa had reported

December 6, 2023

Business·Oil & Gas

NCDMB Boss Charges Oil And Gas Stakeholders To Double Efforts As Nigerian Content Level Remains At 54% In 2023

Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr Simbi Wabote, has called on stakeholders in the oil and gas industry to step up efforts in increasing Nigerian content level.

December 6, 2023

Nigeria's Wheat Imports Witness a Decline, Minister Foresees End To Imports In Upcoming Years

Business·News

Nigeria’s Wheat Imports Decline, Minister Foresees End To Imports

Nigeria, grappling with an import bill of around N970.22 billion on wheat in the last year, has seen a notable decline in figures according to the National Bureau of Statistics’ foreign trade report. Minister of Agriculture Abubakar Kyari says he anticipates a

December 6, 2023

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Currency·News

Naira Appreciates To N806.73/$1, Forex Turnover Hits $142.63m Amidst Stability Efforts

In a turn of events on Tuesday, the Nigerian naira exhibited an uptick against the dollar, closing at N806.73/$1 in the official market, marking a 3.85% appreciation. The Forex turnover surged by 92.93%, hitting $142.63 million, according to data from the Nigerian

December 6, 2023

6 Factors Behind Poor Performance Of Nigeria’s Oil & Gas Stocks This Year

Business·Markets·News

NGX Appreciates By 0.43%, NSLTECH, FBNH, MULTIVERSE Lead Gainers

In a shift from the previous day’s bearish market trend, the Nigerian Exchange Group (NGX) rebounded with an encouraging 0.43% surge, concluding at 71,250.17 points. This bullish momentum instigated a rise in equities, contributing to a gain of N166 billion in market

December 6, 2023

Banks Struggle With New Naira Notes On ATMs

Business·Currency

Cash Scarcity Is Human Rights Abuse, May Spark Revolution In Nigeria – CBN Warned

The Human Rights Writers Association of Nigeria (HURIWA) on Tuesday accused the Central Bank of Nigeria (CBN) of serial human rights violations through its deliberate and systemic failure to ensure the supply to deposit banks of adequate volumes of Naira notes to

December 5, 2023

Business·News

Presidential Aircraft Up For Sale As Reps Vow To Recover Nigerian Assets Fraudulently Acquired

The Nigerian Air Force (NAF) has asked interested persons to submit their bids for the purchase of the presidential aircraft, Falcon 900B, which is currently up for sale. This was even as the House of Representatives Committee on Public Assets vowed to

December 5, 2023

Business·News·World News

Air Freight Pilots’ Strike Risks Amazon’s $117B Logistics Revenue

In a move that could disrupt Amazon’s extensive delivery network, pilots from Air Transport International (ATI), a crucial air freight provider for the tech giant, have voted to authorize a potential strike. This development comes amid mounting concerns over low pay and an

December 5, 2023

Business·Oil & Gas

Old Port Harcourt Refinery Reconstruction Not Good Decision – Ex-MD

Former Managing Director, Kaduna and Port Harcourt Refineries, Alex Ogedengbe, has expressed reservations about the Nigerian government’s decision to rehabilitate the old Port Harcourt refinery in Rivers State, saying there won’t be any appreciable output from the plant.

December 5, 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 360

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

Like GSK, P&G Set To Stop Operations In Nigeria

Why Port Harcourt Refinery Can’t Work This December As Promised – Ex-NNPC Chief

NCDMB Boss Charges Oil And Gas Stakeholders To Double Efforts As Nigerian Content Level Remains At 54% In 2023

Nigeria’s Wheat Imports Decline, Minister Foresees End To Imports

Naira Appreciates To N806.73/$1, Forex Turnover Hits $142.63m Amidst Stability Efforts

NGX Appreciates By 0.43%, NSLTECH, FBNH, MULTIVERSE Lead Gainers

Cash Scarcity Is Human Rights Abuse, May Spark Revolution In Nigeria – CBN Warned

Presidential Aircraft Up For Sale As Reps Vow To Recover Nigerian Assets Fraudulently Acquired

Air Freight Pilots’ Strike Risks Amazon’s $117B Logistics Revenue

Old Port Harcourt Refinery Reconstruction Not Good Decision – Ex-MD

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