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Business - Page 418

Naira Appreciates Against Dollar, Trades At N1,477 Per USD

The foreign exchange rate of the United States dollar (USD) increased to N1,477.99 kobo per $1 in the parallel market on Tuesday, December 23, from the N1,476.95 kobo per USD recorded on Monday, December 22. This represents a 0.07 percent decline in

December 23, 2025

AMA News·Business

Opera Mini hits 1 billion downloads worldwide, celebrating 18 years of its existence

NAIROBI, Kenya, 25 September, 2023 -/African Media Agency(AMA)/- Today we’re honored to announce that our popular mobile browser, Opera Mini, has achieved a remarkable milestone: 1 billion downloads on the Google Play Store. This incredible achievement is a testament to the browser’s widespread popularity

September 25, 2023

N10 Trillion Spent On Refineries, But They Refuse To Work, Says Taiwo Oyedele

Business·News·Oil & Gas

Nigeria’s Oil & Gas Capital Expenditure Dips To $6 Billion – FG Reveals

Mr. Gbenga Komolafe, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reported a staggering drop in annual upstream capital expenditure (CAPEX), which fell from a towering $27 billion in 2014 to a meager $6 billion in 2022, marking a remarkable

September 25, 2023

AfDB Announces $1.44 Billion Investment In Nigeria's Infrastructure

Africa·Business·News·World News

AfDB President Proposes Five-Point Plan For Fairer Global Financial Architecture

In a thought-provoking address at the 78th United Nations General Assembly, Dr. Akinwumi Adesina, President of the African Development Bank, unveiled a five-point plan to rectify the perceived constraints that hinder Africa’s development within the global financial architecture. The President emphasized the

September 25, 2023

Africa·Business·Finance & Economy·News

Ghana To Conclude Rate Hikes As Falling Inflation Sparks Hope

The Bank of Ghana is expected to wrap up its series of interest rate hikes today, September 25th, as a substantial drop in inflation offers respite to the nation’s economy. For three consecutive days, Accra, the capital of Ghana, witnessed impassioned demonstrations as

September 25, 2023

Why Cement Price Keeps Rising – Producers

Business·News

Cement Manufacturers Warn Of Price Hike Amidst Concrete Road Plans

In response to the government’s plan to introduce concrete roads, the Cement Producers Association of Nigeria has issued a stark warning that the move could lead to a significant surge in cement prices, potentially reaching a staggering N9,000 per bag. The current price

September 25, 2023

Business·News·Oil & Gas

Conoil Plc’s Shareholders Approve N1.734 Billion Dividend Payout For 2022

In a resounding show of confidence, shareholders of Conoil Plc have enthusiastically approved a final dividend payout of N1.734 billion for the 2022 financial year. This approval came at the company’s 53rd Annual General Meeting held in Uyo, Akwa Ibom State, over

September 25, 2023

AMA News·Business

Four growth challenges for emerging African telcos

by Robert van Breukelen, COO at Itemate Solutions DODOMA, Tanzania, 25 September 2023 -/African Media Agency (AMA)/- Africa is home to a thriving telecoms industry typified by a small group of very large, dominant telcos – such as MTN and Safaricom – and

September 25, 2023

In a groundbreaking move set to reshape the economic landscape of Africa, the United Bank of Africa (UBA) has unveiled a colossal $6 billion financing initiative aimed at turbocharging the growth of Small and Medium Enterprises (SMEs) across the continent.

Business·News

UBA, AfCFTA Partner To Supercharge African SMEs With $6 Billion Financing Boost

The United Bank of Africa (UBA) has unveiled a colossal $6 billion financing initiative aimed at turbocharging the growth of Small and Medium Enterprises (SMEs) across the continent. The agreement, signed on the sidelines of the 30th Afreximbank Annual Meeting (AAM) in

September 25, 2023

Nigeria Govt, Raspberry Pi Foundation Partner To Launch Code Clubs In Nigeria

Business·News·Technology

FG Calls For Open, Secure Internet At Africa Internet Governance Forum

In a resounding call for an open and secure internet across Africa, Nigeria’s Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, asserted the Nigerian government’s commitment to bridging the digital divide and fostering innovation throughout the continent. Speaking at the

September 25, 2023

Business·News·Technology

FG Launches Talent Export Program For Youth Employment

Nigeria’s foreign exchange earnings, President Bola Tinubu unveiled the National Talent Export Programme (NATEP) during the 78th United Nations General Assembly (UNGA) in New York. The program aims to position Nigeria as a hub for talent outsourcing, drawing inspiration from countries like

September 25, 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 418

Naira Appreciates Against Dollar, Trades At N1,477 Per USD

Opera Mini hits 1 billion downloads worldwide, celebrating 18 years of its existence

Nigeria’s Oil & Gas Capital Expenditure Dips To $6 Billion – FG Reveals

AfDB President Proposes Five-Point Plan For Fairer Global Financial Architecture

Ghana To Conclude Rate Hikes As Falling Inflation Sparks Hope

Cement Manufacturers Warn Of Price Hike Amidst Concrete Road Plans

Conoil Plc’s Shareholders Approve N1.734 Billion Dividend Payout For 2022

Four growth challenges for emerging African telcos

UBA, AfCFTA Partner To Supercharge African SMEs With $6 Billion Financing Boost

FG Calls For Open, Secure Internet At Africa Internet Governance Forum

FG Launches Talent Export Program For Youth Employment

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Naira Appreciates Against Dollar, Trades At N1,477 Per USD

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

Chief Arthur Mbanefo (1930-2025): A Life of Impact and Inspiration- By Kingsley Moghalu

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Business - Page 418

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