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Business - Page 466

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

NGX Records N63.83bn Share Trades Within Three Days

A total turnover of 2.87 billion shares, worth N63.83 billion, was traded in 80,229 deals by investors on the floor of the Nigerian Exchange (NGX) between Monday and Wednesday. The NGX, also known as the stock market, opened for three trading days

December 25, 2025

Business·Transport

Nigerian Airlines Spend Millions Of Dollars On Aircraft Maintenance Abroad Due To Lack Of MROs – Onyema

Lack of Maintenance, Repair and Overhaul (MRO) facility for aircraft maintenance in Nigeria has made airlines lose millions of dollars in doing so abroad, says Chairman/CEO Air Peace, Allen Onyema. Onyema, who is the Vice Chairman of the Airline Operators of Nigeria

July 16, 2023

Business·News·Sports

Football Transfer News: Arsenal Confirms £105m Rice Signing, England Star Dreams Major Titles

Arsenal on Saturday evening unveiled new signing Declan Rice after protracted negotiations over the structure of the transfer fees with West Ham United

July 15, 2023

Business·News·Sports·Uncategorized

Cristiano Ronaldo Breaks Another Guinness World Record

Cristiano Ronaldo has emerged as number one on Forbes' list of the world's highest-paid athletes, and ultimately earning a place in the Guiness World Record title for the highest annual earnings for an athlete in 2023

July 14, 2023

Business·Technology

Verified Twitter Content Creators To Start Sharing Ad Revenue

In a bid to draw more content creators, popular social media platform, Twitter, has decided to be sharing advertising revenue with verified content creators. The microblogging platform made this known on Thursday, saying that content creators will begin to get a share

July 14, 2023

Business·Markets

Over N97.57bn Lost To Selloffs In UAC Nigeria, Champion Brew

About N97.57 billion was lost in the Nigerian stock market on Friday, dragging the market capitalisation down to N34.06 trillion, from Thursday’s N34.16 trillion. This followed the 179.21 basis points drop in the All-Share Index, which fell to 62,569.73 ASI, from 62,748.94 ASI. Over

July 14, 2023

Access Bank Raises N351bn, Emerges First Nigerian Bank To Meet CBN’s N500bn Capital Requirement

Business

Standard Chartered Sells Subsidiaries In Four African Countries To Access Bank

Access Holdings’ banking division, Access Bank, has agreed to acquire the subsidiaries of Standard Chartered in four African countries, amid its expansion drive. Access Bank offered to purchase Standard Chartered’s subsidiaries in Angola, Cameroon, Gambia and Sierra Leone, after the latter announced its

July 14, 2023

Business·Insights

Oba Otudeko’s Hostile Takeover: Understanding Problems Facing FBN Holdings

What began as a blessing in disguise for FBN Holdings’ shareholders and the company might end up becoming a nightmare that would cost stakeholders billions of naira, Prime Business Africa has learnt. In the first week of July, when reports began to

July 14, 2023

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Official Naira To Dollar Rate Slumps, Black Market Sells USD At Higher Price

The naira to dollar rate in the investors’ and exporters’ window closed at N746.2/$1 on Thursday, as the value of the United States currency dropped by 4.63 per cent. Prime Business Africa learnt that authorised dealers were willing to drop the price

July 14, 2023

Business·Oil & Gas

Oil Marketers Accuses Petrol Drivers Of Sabotaging Distribution With N23,000 Illegal Levy

The National Public Relations Officer (PRO) of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Yakubu Suleiman, has accused the Petroleum Tanker Drivers (PTD) association of sabotaging fuel distribution. Suleiman said petroleum tanker drivers illegally imposed N23,000 levy on fuel distribution, charging

July 14, 2023

Shareholders Remember Wigwe, Others At Access Holdings Annual General Meeting

Business

Montepio Holding Finally Sells Majority Stake In Finibanco To Access Bank

Montepio Holding SGPS S.A has completed the sale of its stake in Finibanco Angola S.A to Access Bank, the subsidiary of Access Holdings. Access Bank acquired 51 per cent, which is a majority stake in Finibanco Angola, giving the Nigerian lender access

July 14, 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 466

Nigerian Airlines Spend Millions Of Dollars On Aircraft Maintenance Abroad Due To Lack Of MROs – Onyema

Football Transfer News: Arsenal Confirms £105m Rice Signing, England Star Dreams Major Titles

Cristiano Ronaldo Breaks Another Guinness World Record

Verified Twitter Content Creators To Start Sharing Ad Revenue

Over N97.57bn Lost To Selloffs In UAC Nigeria, Champion Brew

Standard Chartered Sells Subsidiaries In Four African Countries To Access Bank

Oba Otudeko’s Hostile Takeover: Understanding Problems Facing FBN Holdings

Official Naira To Dollar Rate Slumps, Black Market Sells USD At Higher Price

Oil Marketers Accuses Petrol Drivers Of Sabotaging Distribution With N23,000 Illegal Levy

Montepio Holding Finally Sells Majority Stake In Finibanco To Access Bank

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