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Business - Page 377

Dangote–Farouk Saga: Why Damning Claims Brought Down Oil Sector Giants

Dangote–Farouk Saga: Why Damning Claims Brought Down Oil Sector Giants By Dr Marcel Mbamalu In a stunning turn of events, high-profile resignations have rocked Nigeria’s oil sector, leaving many wondering what’s really going on. The sudden exits of Farouk Ahmed and Gbenga

December 22, 2025

Despite Current Challenges, Ongoing Reforms In Nigeria Presents Opportunities For Investment Banking – Expert

Business·News

Despite Current Challenges, Ongoing Reforms In Nigeria Present Opportunities For Investment Banking – Expert

Investors have been advised to deploy their skills in identifying opportunities in investment banking amidst the challenges posed by the ongoing economic reforms by the current administration in Nigeria.

November 17, 2023

Africa·Business·News

Cellulant Secures Approval As Payment Provider In Egypt, Strengthens Regional Payment Infrastructure

Cellulant, a payments fintech company, announced its attainment of the initial approval as both a Payment Service Provider and Payment Facilitator in Egypt. This achievement stands as a step in bolstering Cellulant’s presence in Africa, particularly in enhancing its expansive payment infrastructure,

November 16, 2023

5 Reasons Nigeria's Crude Oil Production is Declining – And What Next

Business·FEATURES·Oil & Gas

Nigeria’s Oil Production Prospects: Meeting OPEC Quota, Economic Growth

In the realm of global oil production, Nigeria stands at a critical juncture, striving to align its output with OPEC quotas while charting a course toward robust economic growth. According to data released by the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), the

November 16, 2023

Fuel Subsidy: World Bank Must Allow Africa’s Poor Breathe

Business·Politics

World Bank Allocates $300 Million In Palliative Loans For Nigeria

The World Bank has initiated the disbursement of $300 million under the National Social Safety Net Program-Scale Up. The approved $800 million loan, sanctioned on December 16, 2021, aims to aid the Federal Ministry of Humanitarian Affairs & Poverty Alleviation’s efforts in

November 16, 2023

NGX stock market. Photo credit: TheCable

Business·Markets·News

Oando, Mecure, Others Top Gainers As NGX Crosses 71,000 Mark

The Nigerian Exchange Group (NGX) breached the 71,000 mark, fostering a celebratory atmosphere among investors as the All-Share Index escalated by 0.25%, culminating in a closure at 71,014.34 points. This advancement not only signified the market’s resilience but also set a new

November 16, 2023

Business·Sports

Man City Reveals £712.8m Revenue For Financial Year, Surpasses Man United’s Record

Premier League and European champions Manchester City on Wednesday posted a Premier League record revenue of £712.8m for the 2022-23 financial year

November 15, 2023

Nigeria's Inflation Rate Hits 33.88% In October Amid Fresh Fuel Price Spike

Business·News

Nigeria’s Food Inflation Hits 31.5% With Headline Rate At 27.3% In October

Consumer Price Index (CPI) for October 2023 released by the National Bureau of Statistics (NBS) on Wednesday has it that Nigeria’s headline inflation rate surged by a 0.61 percentage point from the 26.72 per cent

November 15, 2023

Afrinvest Banking Report Highlights Nigeria Govt’s $1tn Economy, Recapitalisation Policy

Business·News

Inflation: We Need Measures To Boost Production, Ease Of Business, Afrinvest Advises Monetary, Fiscal Authorities

Afrinvest West Africa Limited, a capital market holding company has advised monetary and fiscal authorities to rethink their anti-inflation strategies to holistically address the ugly narrative of surging inflation rate

November 15, 2023

Polaris Bank Empowers MSMEs Through Fashion Souk

Business·News

Polaris Bank Rewards 5 Winners With N1m Each In ‘Save & Win’ Promo

Polaris Bank has rewarded five winners with a cash prize of N1 million each in its ongoing 'Save & Win' promo. The live quarterly draw is held at the Bank's headquarters Annex in Alausa Ikeja, Lagos.

November 15, 2023

Experts Clarify Misconceptions About Statutory Audits in Financial Reporting

Business·News

Expert Clarifies Misconceptions About Statutory Audits In Financial Reporting

Ms Bolanle Onawumi, a partner at one of the major accounting firms, Deloitte, has highlighted points about statutory audits, dispelling common misunderstandings.

November 15, 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 377

Dangote–Farouk Saga: Why Damning Claims Brought Down Oil Sector Giants

Despite Current Challenges, Ongoing Reforms In Nigeria Present Opportunities For Investment Banking – Expert

Cellulant Secures Approval As Payment Provider In Egypt, Strengthens Regional Payment Infrastructure

Nigeria’s Oil Production Prospects: Meeting OPEC Quota, Economic Growth

World Bank Allocates $300 Million In Palliative Loans For Nigeria

Oando, Mecure, Others Top Gainers As NGX Crosses 71,000 Mark

Man City Reveals £712.8m Revenue For Financial Year, Surpasses Man United’s Record

Nigeria’s Food Inflation Hits 31.5% With Headline Rate At 27.3% In October

Inflation: We Need Measures To Boost Production, Ease Of Business, Afrinvest Advises Monetary, Fiscal Authorities

Polaris Bank Rewards 5 Winners With N1m Each In ‘Save & Win’ Promo

Expert Clarifies Misconceptions About Statutory Audits In Financial Reporting

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Dangote–Farouk Saga: Why Damning Claims Brought Down Oil Sector Giants

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

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

SAFE IN NIGERIA: Boris Johnson’s Claim and the outrage

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Dangote–Farouk Saga: Why Damning Claims Brought Down Oil Sector Giants

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

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Dollar Trades Flat In Black Market, Appreciates In Official Window

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

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

Dangote–Farouk Saga: Why Damning Claims Brought Down Oil Sector Giants

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