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Business - Page 409

First Bank Changes Names Of Its Subsidiaries In UK, Some Sub-Saharan African Countries

First HoldCo Earns N2.29trn From Interests, Records 7% Drop In Profit

Between January and September 2025, First HoldCo generated N2.29 trillion as interest income, which grew by 40.37 percent from the N1.63 trillion recorded in the same period in 2024. In the company’s financial statement for the period ending September 30, 2025, First

December 23, 2025

Africa·Business·News

Access Africa, Thunes Partner To Revolutionize Cross-Border Payments In Africa, Beyond

In a move set to reshape the landscape of cross-border payments in Africa and beyond, Access Africa, a leading financial institution, has announced its strategic partnership with Thunes, a global payment infrastructure platform that connects more than 130 countries into a single

October 3, 2023

Lagos State Govt Sealed Mushin Plantain Over Filthy Conditions

Business·News

Lagos Govt Seals Mushin Market, States Reason

In a decisive move to combat the rampant filth plaguing markets across the state, the Lagos State government has sealed the Alamutu Plaintain Market in the Idi-Oro area of Mushin. The closure was prompted by alarming concerns over poor sanitary conditions and

October 3, 2023

Business·Entertainment·News

Nigerian Music Industry Unites To Address Challenges, Seek Solutions

In a virtual meeting on October 1, 2023, key players in the Nigerian music industry came together for an emergency summit. The summit, titled ‘Identification of Internal and External Regulatory Mechanisms to Smoothen the Working Relationship among Various Stakeholders and Subgroups in

October 3, 2023

Business·Finance & Economy·News·World News

UK, US Pledge Support For Nigeria’s Marine, Blue Economy Development

The governments of the United Kingdom and the United States have announced their commitment to partner with Nigeria in the development of the newly established Ministry of Marine and Blue Economy. This partnership aims to bolster Nigeria’s economic growth through the enhancement

October 3, 2023

Business·News

NITRA Hails Danbatta’s Trailblazing Leadership In Nigerian Telecom Sector

In a tribute to the strides made in Nigeria’s Information and Communication Technology (ICT) landscape, the Nigeria Information Technology Reporters’ Association (NITRA) has showered praise on Prof. Umar Garba Danbatta, the Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC). The

October 3, 2023

How Loss Of Over $5 Trillion In U.S. Stock Exchange Affects Nigeria

Business·Markets

Nigerian Stock Market Gains N167bn As Buacement, Oando Emerge Top Gainers

The Nigerian Stock Market experienced a significant turn-up during the trading sessions on Monday, October 2nd, and Tuesday, October 3rd, 2023, as substantial gains amounting to a total of N167 billion were recorded, spearheaded by the impressive performances of Buacement and Oando.

October 3, 2023

AMA News·Business

Bybit Expands Crypto Trading in South Africa with New Derivatives Products and Fiat On-Ramp Service

DUBAI, UNITED ARAB EMIRATES, 3 October 2023 -/African Media Agency(AMA)/- Bybit, the world’s third most visited crypto exchange, has announced the official launch of its cryptocurrency derivatives products in South Africa, along with the introduction of a new fiat on-ramp service. Bybit will market

October 3, 2023

Business·News

Rising Food Prices Squeeze Budgets, Stir Concerns Among Nigerians

As food prices in Nigeria continue the relentless climb, latest data from the National Bureau of Statistics (NBS) reveals alarming spike in cost of essential items, leaving many struggling to afford basic needs. The NBS’s freshly released report, titled ‘Selected Food Prices

October 3, 2023

Business·News

LIRS Urges Businesses To Educate Patrons On 5% Consumption Tax

In a bid to boost revenue and maintain essential amenities and services, the Lagos State Internal Revenue Service (LIRS) is taking a fresh approach to its taxation strategy, urging restaurant, hotel, and event center owners to educate their patrons about the 5%

October 3, 2023

Naira Falls To ₦1,530/$ At Official Market After Public Holiday

Business·FEATURES·News

As Dollar Hits N1000 In The Black Market, Will The Devaluation Ever End?

In the ever-evolving landscape of global economics, few phenomena strike as much fear and uncertainty into the hearts of citizens and policymakers alike as currency devaluation. In Nigeria, this fear has taken on a particularly troubling form in recent years, as the

October 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 409

First HoldCo Earns N2.29trn From Interests, Records 7% Drop In Profit

Access Africa, Thunes Partner To Revolutionize Cross-Border Payments In Africa, Beyond

Lagos Govt Seals Mushin Market, States Reason

Nigerian Music Industry Unites To Address Challenges, Seek Solutions

UK, US Pledge Support For Nigeria’s Marine, Blue Economy Development

NITRA Hails Danbatta’s Trailblazing Leadership In Nigerian Telecom Sector

Nigerian Stock Market Gains N167bn As Buacement, Oando Emerge Top Gainers

Bybit Expands Crypto Trading in South Africa with New Derivatives Products and Fiat On-Ramp Service

Rising Food Prices Squeeze Budgets, Stir Concerns Among Nigerians

LIRS Urges Businesses To Educate Patrons On 5% Consumption Tax

As Dollar Hits N1000 In The Black Market, Will The Devaluation Ever End?

Featured Stories

US Surveillance Flights Over Nigeria: A Sign of Heightened Security Cooperation

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

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First HoldCo Earns N2.29trn From Interests, Records 7% Drop In Profit

South African Court Blocks $3 Billion Electricity Tariff Deal Over Lack of Public Input

Beatty Sues to Block Renaming of Kennedy Center After Board Adds Trump’s Name

Uganda Restricts Starlink Imports Ahead of January Elections, Sparking Internet Blackout Fears

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

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

First HoldCo Earns N2.29trn From Interests, Records 7% Drop In Profit

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Business - Page 409

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