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Business - Page 369

Heirs Energies Agrees $750m Afreximbank Financing to Drive Long-Term Growth

Heirs Energies Limited, Nigeria’s leading indigenous integrated energy company, has executed a USD 750 million financing with the African Export–Import Bank (Afreximbank). The transaction was concluded at a signing ceremony in Abuja on Saturday 20th December 2025, attended by Mr. Tony

December 21, 2025

CBN Reforms Yielding Positive Returns As FX Transactions Surge To $800m, CBN Gov Assert

Business·Finance & Economy·News

CBN Governor Reveals $1.4B Loss Over 8 Years From 43-Item Forex Restrictions

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso has revealed losses amounting to $1.4 billion over eight years due to the CBN’s ban on 43 items. Cardoso made this revelation at the 58th Annual Bankers’ Dinner organized by the Chartered Institute

November 25, 2023

Agro-Economy·Business·News·World News

French Minister Launches Agri-Food Platform To Boost Nigeria Ties

In a move strengthening ties between France and Nigeria, Minister Olivier Becht inaugurated the “Food for Nations” agri-food platform on Friday. “This collaboration marks an exciting milestone,” Becht stated, emphasizing the platform’s role in fostering bilateral trade and cooperation. “France recognizes the promising

November 25, 2023

Business·News

Nigerian Govt Unveils 160 Affordable Housing Units In Kano

The Federal Government has unveiled the new completed 160 low-cost housing units as part of the National Housing Programme (NHP) in Jaba, Fagge Local Government Area of Kano state. The Controller of the Federal Ministry of Housing and Urban Development, Mr. Sunusi Umar-Dange,

November 25, 2023

CBN Governor Predicts Decline In Inflation, Exchange Rates In 2024

Business·Finance & Economy·News

How CBN Strayed From Core Mandate- Cardoso Vows Realignment

Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has unveiled it vision to recalibrate the apex bank’s direction, citing how it strayed away from it core mandate during the previous administration. Highlighting a departure from past practices at the annual bankers’ dinner in

November 25, 2023

X Introduces Labels For Identifying Parody Accounts

Business·News·World News

Elon Musk’s X Faces $75M Ad Revenue Drop Amidst Controversial Endorsement

Popular social media platform owned by Elon Musk, X (formerly Twitter), confronts a daunting financial blow as major brands halt ad campaigns in response to Musk’s controversial social media activity which has the potential of the company losing $75 million. The fallout

November 25, 2023

Business·News

Wike Slashes Abuja Land Certificate Fees Amid Stakeholder Protests

Minister Nyesom Wike of the Federal Capital Territory (FCT) has reduced the issuance fee for Certificates of Occupancy (C-of-Os) from N5 million to N3.5 million. During his second monthly ministerial press briefing on Friday, Wike affirmed the revised fee, stating, “Issuance of

November 25, 2023

NGX ASI Further Drops By 0.67%, As BUA Cement, Eterna Among Top Losers

Business·Markets·News

NGX Suspends Consolidated Hallmark Insurance Trading Ahead of Holding Company Move

The Nigerian Exchange Limited (NGX) has taken a decisive step by suspending the trading of Consolidated Hallmark Insurance shares. This suspension, as revealed in the NGX weekly report obtained by is a precursor to the company’s delisting and subsequent listing as a

November 25, 2023

Business·News

Patricia Technologies Exnorated As Nigerian Police Arrest Cybercrime Suspect

The Nigerian Police has Apprehend Cybercrime Suspect Linked to Patricia Technologies Breach. The arrest of Wilfred Bonse, identified as a key suspect, was confirmed after an extensive inquiry conducted by the National Cybercrime Center of the Nigeria Police (NPF-NCCC). Following Patricia Technologies’

November 25, 2023

Financial Inclusion Key To Realising Nigeria's $1trn Economy Target - Cardoso

Business

Depreciating Naira To Dollar Exchange Rate Exposes Nigerian Banks To Great Risk – CBN

The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso has noted that a thorough assessment of Nigerian economy reveals significant challenges, including high and rising inflation, inadequate foreign exchange supply, depreciation of the exchange rate, limited external reserves, weakened output,

November 25, 2023

AfDB Announces $1.44 Billion Investment In Nigeria's Infrastructure

Africa·Business·News

African Countries Face Macroeconomic Modelling Gap, Says AfDB

The African Development Bank Group (AfDB) has shed light on gaps in macroeconomic modeling capacity across African nations. This was reveled during the African Economic Conference 2023 held in Addis Ababa. The comprehensive report titled “Benchmark Macroeconomic Models for Effective Policy Management

November 24, 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 369

Heirs Energies Agrees $750m Afreximbank Financing to Drive Long-Term Growth

CBN Governor Reveals $1.4B Loss Over 8 Years From 43-Item Forex Restrictions

French Minister Launches Agri-Food Platform To Boost Nigeria Ties

Nigerian Govt Unveils 160 Affordable Housing Units In Kano

How CBN Strayed From Core Mandate- Cardoso Vows Realignment

Elon Musk’s X Faces $75M Ad Revenue Drop Amidst Controversial Endorsement

Wike Slashes Abuja Land Certificate Fees Amid Stakeholder Protests

NGX Suspends Consolidated Hallmark Insurance Trading Ahead of Holding Company Move

Patricia Technologies Exnorated As Nigerian Police Arrest Cybercrime Suspect

Depreciating Naira To Dollar Exchange Rate Exposes Nigerian Banks To Great Risk – CBN

African Countries Face Macroeconomic Modelling Gap, Says AfDB

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Heirs Energies Agrees $750m Afreximbank Financing to Drive Long-Term Growth

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