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Business - Page 370

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

Agro-Economy·Business·News

Beef Stew Costs Surge By 17% , Escalating Financial Strain On Nigerian Households

In a disconcerting revelation from the latest stew index report by PricePally, the expense of preparing a pot of beef stew surged by 17 percent in 2023, painting a worrisome picture of escalating financial burdens for households across Nigeria. “Amid the price

November 24, 2023

Kenya's President William Ruto Announces Visa-Free Entry

Africa·Business

Kenyan Govt To Privatize 35 State-owned Companies

President William Ruto has revealed plans to privatize 35 underperforming state-owned companies in Kenya. This move aims to revitalize these entities, combating bureaucratic inefficiencies while stimulating economic growth in the East African nation. “We have identified the first 35 companies that we

November 24, 2023

Naira Falls Against Dollar In Black Market As Demand Increases In FX Market

Business·Currency·News

Naira Slides To N956/$ As Dollar Supply Dwindles

Amidst a 13.78% plunge from its Wednesday closing rate, the Nigerian naira tumbled to N956 against the US dollar on Thursday, marking a distressing downturn in the forex market. According to data sourced from the FMDQ Securities Exchange, the alarming drop was

November 24, 2023

Tinubu Inherited Dead Economy, Urges Understanding Amid Challenges- Soludo

Business·News·Politics

Tinubu Inherited Dead Economy- Soludo Urges Understanding Amid Challenges

Governor Charles Soludo of Anambra State emphasized the critical state of Nigeria’s economy, likening it to a ‘dead horse’ inherited by the current administration. Addressing the nation’s economic landscape in an interview on Channels Television’s Politics Today on Thursday 23 November 2023,

November 24, 2023

Agro-Economy·Business·News

Nigerians’ Household Spending Surges To N61.07 Trillion Despite Soaring Inflation- NBS

The National Bureau of Statistics (NBS) revealed in its Expenditure and Income Gross Domestic Product (GDP) report that Nigerians spent N61.07 trillion on household consumption in the first half of 2023. This figure represents a 2.83% increase compared to the same period

November 24, 2023

Business·News

Gov Otti Partners With Multilateral Organization To Rehabilitate 248.46 Kilometers Of Roads

Abia State Governor, Dr Alex Otti, OFR, affirmed his administration’s commitment to partnering with multilateral organizations in the reconstruction and rehabilitation of 248.46 kilometres of roads in the state. This announcement came during a meeting with a delegation from the Federal Ministry

November 23, 2023

Business·Currency·News

Former Finance Minister Says Nigeria’s FX Crisis Worthy Of Guinness World Records

In an assessment of Nigeria’s economic turmoil, former Minister of Finance, Kalu Idika, expressed profound concern over the country’s foreign exchange crisis, suggesting it merits a place in the Guinness World Records. His remarks followed President Bola Tinubu’s recent claims about his

November 23, 2023

Business·News·Oil & Gas

Nigerian Military Seizes Over 500,000 Litres Of Stolen Crude Oil In One Week

The Nigerian military has seized over 500,000 litres of stolen crude oil as part of an intensified crackdown on illicit activities in the country’s oil-rich Niger Delta region. Maj.-Gen. Edward Buba, Director of Defense Media Operations, declared the success of Operation Delta Safe. Speaking at a

November 23, 2023

Business·News

C&I Leasing Forecasts 2024 Forex Impact, Ensures Dividends Amid FX Volatility

The Group Managing Director/Chief Executive Officer of C&I Leasing, Mr Ugoji Lenin Ugoji, has highlighted the impact of foreign exchange dynamics in the upcoming year, while assuring shareholders of dividend payouts amidst ongoing FX volatility.” Ugoji addressed shareholders at the 32nd Annual

November 23, 2023

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

Business·News·Oil & Gas

Nigeria Govt To Revive Marginal Field Bid Round To Fuel Domestic Energy Boost

President Bola Tinubu has given the green light for a new round of bidding to revitalize abandoned oil and gas fields in Nigeria. This announcement, made by Minister of State for Petroleum Senator Heineken Lokpobiri, comes in the wake of the country’s

November 23, 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 370

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

Beef Stew Costs Surge By 17% , Escalating Financial Strain On Nigerian Households

Kenyan Govt To Privatize 35 State-owned Companies

Naira Slides To N956/$ As Dollar Supply Dwindles

Tinubu Inherited Dead Economy- Soludo Urges Understanding Amid Challenges

Nigerians’ Household Spending Surges To N61.07 Trillion Despite Soaring Inflation- NBS

Gov Otti Partners With Multilateral Organization To Rehabilitate 248.46 Kilometers Of Roads

Former Finance Minister Says Nigeria’s FX Crisis Worthy Of Guinness World Records

Nigerian Military Seizes Over 500,000 Litres Of Stolen Crude Oil In One Week

C&I Leasing Forecasts 2024 Forex Impact, Ensures Dividends Amid FX Volatility

Nigeria Govt To Revive Marginal Field Bid Round To Fuel Domestic Energy Boost

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

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

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

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