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Business - Page 361

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·Top Stories

NNPCL Creating Regional Gas Supply Network For Africa – Kyari

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari says the NNPCL is creating a regional gas pipeline network to supply natural gas across Africa. He stated this while speaking at a Regional CEO Panel organised by

December 5, 2023

Business·News

Why Over 2000 Federal Civil Servants’ November Salaries Are Withheld

Amidst ongoing verification processes within Federal Government ministries, departments, and agencies, more than 2,000 civil servants find their salaries withheld due to discrepancies in the Integrated Payroll and Personnel Information System (IPPIS). Expressing concern over the issue, a senior civil servant from

December 5, 2023

Nigerian Naira Vs U.S. Dollar: What To Expect This Week (17th-22nd, March 2025)

Business·Currency·News

CBN’s Initiative Sparks Naira Surge To N837/$1, Boosts Market Confidence

The Nigerian naira on Monday, December 4th, 2023, experienced a surge in value, closing at N837/$1 in the official market.

December 5, 2023

Business·Finance & Economy·News

Nigeria’s Q3 Foreign Trade Soars By 53.16% As Crude Oil Revenue Surges By 83.23% – NBS

Nigeria's foreign trade witnessed a rise by 53.16% year-on-year, hitting N18.80 trillion in the third quarter of 2023.

December 5, 2023

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

Business·Markets·News

ASI Dips By 0.66% As BUA Cement, Lafarge Drag NGX capitalisation To N259bn Loss

The Nigerian Exchange Limited grappled with a turbulent start to the week as losses besieged several medium-cap equities, triggering a notable dip in the All-Share Index (ASI) by 0.66% and market capitalization by N259 billion on Monday. A predominant loser, BUA Cement

December 5, 2023

Business·News·Oil & Gas

COP28: How Nigeria Utilises Gas To Drive Energy Transition – NNPCL Boss

The Group Chief Executive Officer (GCEO), Nigeria National Petroleum Company Limited (NNPC), Mr. Mele Kyari has highlighted Nigeria's efforts in utilising its abundant natural gas resources to drive energy transition.

December 5, 2023

Business·News

NCC Pledges Support To Meta’s 2Africa Cable Landing Initiative

In a meeting at the NCC headquarters in Abuja, Dr. Aminu Maida, the Executive Vice Chairman and CEO of NCC, reassured Meta (formerly Facebook) of the commission’s support for their 2Africa Cable initiative, aimed at enhancing Nigeria’s digital infrastructure. “Support will be

December 4, 2023

Africa·Business·News

Polaris Bank Enhances Cross-Border Transactions Through PAPPS Enrollment

Polaris Bank, one of Nigeria’s digital retail banks, has joined the Pan-African Payment and Settlement System (PAPPS), marking a step towards simplifying cross-border financial transactions across Africa. The PAPPS platform, tailored for international trade within the African continent, promises efficient, secure, and

December 4, 2023

Africa·Business·Finance & Economy·News

UBA Wins 2023 Bank Of The Year In Nigeria, Over 5 Other African Countries

United Bank for Africa (UBA) Plc, has won the Bank of the Year award at The Bankers Awards 2023 in Nigeria and more than 5 other African countries. In the ceremony in London hosted by The Banker Magazine, the financial institution bagged

December 4, 2023

Africa·Business·News

AfDB Approves $252.83 Million Loan For Road Infrastructure In Uganda

The Board of Directors of the African Development Bank Group approved a loan amounting to $252.83 million for Uganda for the road infrastructure. The loan is allocated to finance the construction of two vital roads – the Laropi-Moyo-Afoji and Katuna-Muko-Kamuganguzi road. Augustine

December 4, 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 361

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

NNPCL Creating Regional Gas Supply Network For Africa – Kyari

Why Over 2000 Federal Civil Servants’ November Salaries Are Withheld

CBN’s Initiative Sparks Naira Surge To N837/$1, Boosts Market Confidence

Nigeria’s Q3 Foreign Trade Soars By 53.16% As Crude Oil Revenue Surges By 83.23% – NBS

ASI Dips By 0.66% As BUA Cement, Lafarge Drag NGX capitalisation To N259bn Loss

COP28: How Nigeria Utilises Gas To Drive Energy Transition – NNPCL Boss

NCC Pledges Support To Meta’s 2Africa Cable Landing Initiative

Polaris Bank Enhances Cross-Border Transactions Through PAPPS Enrollment

UBA Wins 2023 Bank Of The Year In Nigeria, Over 5 Other African Countries

AfDB Approves $252.83 Million Loan For Road Infrastructure In Uganda

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