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Business - Page 362

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

AfDB Boosts Nigerian Fertilizer Industry With $75m Loan

Africa·Business·News

Multilateral Development Banks Pledge Action To Tackle Africa’s Climate Crisis

Multilateral Development Banks gathered at the 2023 UN Climate Change Conference (COP 28) in Dubai have committed to extensive global action to address Africa’s critical climate change challenges. In a joint statement released, representatives from major banks affirmed their determination to increase

December 4, 2023

Africa·Business·News·World News

African, Global Institutions Pledge $175M For Green Infrastructure

African and global institutions, joined by the governments of Germany, France, and Japan along with philanthropies, have pledged over $175 million towards the Alliance for Green Infrastructure in Africa (AGIA). This commitment a show of solidarity amid COP28 signifies a leap toward

December 4, 2023

NGX stock market. Photo credit: TheCable

Business·Markets·News

NGX Witnesses Robust Financial Services Activity As Investors Lost N90bn In 1 Week

The Nigerian Exchange Limited (NGX) encountered a bustling week within the financial services industry, spearheading trading activities despite investors facing a loss of N90bn by the market close. Reflecting on the week’s activities, industry players expressed varied sentiments. “Despite the challenging landscape,

December 4, 2023

Business·Finance & Economy·Startup

El-Rufai Plots $100m Private Sector Return, Reveals What Nigerian Youths Need

Ex-governor Nasir El-Rufai, who used to be a player in Nigeria’s private sector before emerging as an accidental public servant, is planning to launch a $100 million venture capital (VC) fund early next year for startups in Nigeria, particularly those in the

December 4, 2023

Africa·Business·News·Oil & Gas

Nigeria, Ghana, Others Lead Consortium To Deploy 5 GW Battery Energy Storage Systems

Ten countries, including Egypt, Ghana, India, Kenya, Malawi, Mauritania, Mozambique, Nigeria, and Togo, joined the Battery Energy Storage Systems (BESS) Consortium. Spearheaded by the Global Energy Alliance for People and Planet’s Global Leadership Council (GLC) At the 2023 United Nations Climate Change

December 3, 2023

NACCIMA Boss, Oye, To Chair Vanguard Economic Summit 2025

Business·News

How Private Sector Can Influence Governance Practices In Nigeria – NACCIMA

National President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dele Oye Esq., has harped on the need to entrench transparency, accountability, and the rule of law in the country’s governance structures to drive sustainable growth and development. Speaking

December 3, 2023

Business·News

NACCIMA Praises Barrister Eze’s Appointment As President Of Salt City Chamber, Stresses Collaboration For Growth

The National President of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), Dele Kelvin Oye, praised Barrister Chukwuemeka Eze’s appointment as the inaugural President of the Salt City Chamber of Commerce. Speaking at Eze’s inauguration in Ebonyi State,

December 3, 2023

Business·News

Atiku Denies Stake In INTELS Amidst Allegations Of Beneficiary Status

Former Nigerian Vice President, Atiku Abubakar, denied claims suggesting he retains a stake in INTELS, an oil and gas logistics company he sold in 2020 for $100 million. Responding to allegations linking him to the company, Abubakar labeled the insinuations as mischievous,

December 3, 2023

Blue Economy: Tinubu Appoints New Executive Directors For NPA, NIMASA

Business·News

Food Inflation: APC Chieftain Praises Tinubu For Agricultural Subsidy, Foresees Relief From Soaring Food Prices

Mr. Olatunbosun Oyintiloye, a Chieftain of the All Progressives Congress (APC) in Osun State, praised President Bola Tinubu for sanctioning a 50 per cent reduction in the cost of agricultural inputs, emphasizing its role in aiding farmers to bolster production amidst escalating

December 3, 2023

Tinubu Never Promised To Reduce Dollar Rate To N200 – Lawmaker Says

Business·News

Nigerian Govt Allocates N135bn To States under NG-CARES: Nasarawa, Cross River, Zamfara Lead In Performance

In a move aimed at tackling multidimensional poverty, the Nigerian Federal Government has disbursed N135.4 billion to states and the FCT through the NG-CARES initiative. Dr. Abdulkarim Obaje, National Coordinator of NG-CARES, highlighted the impact of this funding allocation on the country’s

December 3, 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 362

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

Multilateral Development Banks Pledge Action To Tackle Africa’s Climate Crisis

African, Global Institutions Pledge $175M For Green Infrastructure

NGX Witnesses Robust Financial Services Activity As Investors Lost N90bn In 1 Week

El-Rufai Plots $100m Private Sector Return, Reveals What Nigerian Youths Need

Nigeria, Ghana, Others Lead Consortium To Deploy 5 GW Battery Energy Storage Systems

How Private Sector Can Influence Governance Practices In Nigeria – NACCIMA

NACCIMA Praises Barrister Eze’s Appointment As President Of Salt City Chamber, Stresses Collaboration For Growth

Atiku Denies Stake In INTELS Amidst Allegations Of Beneficiary Status

Food Inflation: APC Chieftain Praises Tinubu For Agricultural Subsidy, Foresees Relief From Soaring Food Prices

Nigerian Govt Allocates N135bn To States under NG-CARES: Nasarawa, Cross River, Zamfara Lead In Performance

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