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Business - Page 373

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

Obaseki Pledges $35,000 To Fund Edo State Film Festival

Business·News

Edo, Delta, Others To Pursue Independence From BEDC, Aim To Redefine Local Electricity Distribution

In a bid to alleviate the persistent electricity crisis in their regions, Edo, Delta, Ekiti, and Ondo States are planning to repurchase their shares from the Benin Electricity Distribution Company (BEDC). Governor Obaseki emphasized the critical role of electricity in propelling societal

November 21, 2023

Business·News

NME, NIRAM Expo To Transform African Manufacturing Landscape- MAN

The Director-General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, foresees the upcoming Nigerian Manufacturing and Equipment Expo (NME Expo) and Nigeria Raw Materials Exposition (NIRAM Expo) as pivotal in reshaping the manufacturing scenario in Africa. Ajayi-Kadir emphasized that beyond being

November 21, 2023

Nigerian Govt Launches 'Build-A-Thon Program', Seeks Visionary Educators To Foster Tech Innovation In Schools

Business·News·Technology

Nigerian Govt Seeks Partnership With Elon Musk’s Starlink To Boost Local Job Creation

The Federal Government of Nigeria has initiated discussions with SpaceX’s internet service provider, Starlink, aimed at generating job opportunities within the country through local maintenance and production of its hardware. Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, revealed this

November 21, 2023

NGX Suspends Trading In Unity Bank, Guinea Insurance, 6 Other Companies’ Shares

Business·Markets

NGX’s Monday Dip Intensifies Volatility, ASI Declines By 0.15%

Amidst a bearish start to the week, the NGX encountered a marginal setback as the All-Share Index experienced a slight dip of 0.15%, closing at 71,008.7 points.

November 20, 2023

Forex Transactions Decline By $89.61 Million As Dollar Rate Surges

Business·News

Dollar Scarcity In Africa Deepens Economic Woes, Prompting Drastic Measures

Bloomberg report highlights the intensifying dollar shortage across Africa, exacerbating economic crises in beleaguered nations.

November 20, 2023

"No Omelette Without Breaking Eggs"- Sanwo-Olu Explains Nigerians' Resistance To Tax Reform Bills

Business·Finance & Economy·News

AfDB Report Reveals Lagos Budget Disparity, Ignites Wasteful Spending Outcry

The African Development Bank (AfDB) has uncovered startling revelations about Lagos State’s budget allocation and its impact on the city’s impoverished population. The report titled From Millions to Billions: Financing the Development of African Cities’, highlighted that despite a significant portion of the

November 20, 2023

Africa·Business·News·Oil & Gas

German Chancellor Pledges $4.4 Billion For Africa-EU Green Energy Initiative

In a commitment during the G20 Compact with Africa Investment Summit in Berlin today, German Chancellor Olaf Scholz announced $4.4 billion funding injection into the Africa-EU Green Energy Initiative, aiming to span until 2030. Expressing a proactive stance, Scholz highlighted Germany’s intention

November 20, 2023

Business·News

Polaris Bank Collaborates With Eventful Limited For Fashion Souk 9.0, Boosting Nigerian SMEs

Polaris Bank, Nigeria’s digital retail bank, and Eventful Limited have announced the anticipated season end edition of The Fashion Souk 9.0, with the aim of promoting Small and Medium-sized Enterprises (SMEs) in Nigeria. Set against the picturesque backdrop of Harbour Point on

November 20, 2023

Official Market Records Decline In Dollar Rate, Trade Flat In Black Market

Business·Currency·News

13 Nigerian States Reap N71.59 Billion Forex Profits Amidst Naira’s Depreciation

In a financial upturn that defied the odds, thirteen Nigerian states have raked in a sum of N71.59 billion in foreign exchange revaluation profits within just three months. This revelation surfaced from the latest third-quarter budget implementation reports, showcasing a windfall amidst the Naira’s

November 20, 2023

Business·News

NCC Highlights Urgency Of Quality Service In Telecom Sector

The Executive Vice Chairman/CEO of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, stressed the imperative nature of ensuring top-quality service within the telecommunications sector. Addressing industry leaders In an interactive session held in Lagos, Dr. Maida underscored the non-negotiable aspect of service

November 20, 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 373

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

Edo, Delta, Others To Pursue Independence From BEDC, Aim To Redefine Local Electricity Distribution

NME, NIRAM Expo To Transform African Manufacturing Landscape- MAN

Nigerian Govt Seeks Partnership With Elon Musk’s Starlink To Boost Local Job Creation

NGX’s Monday Dip Intensifies Volatility, ASI Declines By 0.15%

Dollar Scarcity In Africa Deepens Economic Woes, Prompting Drastic Measures

AfDB Report Reveals Lagos Budget Disparity, Ignites Wasteful Spending Outcry

German Chancellor Pledges $4.4 Billion For Africa-EU Green Energy Initiative

Polaris Bank Collaborates With Eventful Limited For Fashion Souk 9.0, Boosting Nigerian SMEs

13 Nigerian States Reap N71.59 Billion Forex Profits Amidst Naira’s Depreciation

NCC Highlights Urgency Of Quality Service In Telecom Sector

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