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Business - Page 477

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

Diet Coke’s Sweetener To Be Classified As Cancer-causing Ingredient

The artificial sweetener used in Diet Coke, Aspartame, is to be classified by the International Agency for Research on Cancer (IARC) as an ingredient that causes cancer. Aspartame is used by companies producing low-calorie products, however, it is 200 times sweeter than

June 30, 2023

AMA News·Business

ENGIE and Meridiam acquire BTE Renewables

• Sales and Purchase Agreement signed with ACTIS for the acquisition of 100% of BTE Renewables, one of Africa’s leading renewable energy companies in South Africa and Kenya• Addition of 340 MW operating assets and a portfolio of more than 3 GW

June 30, 2023

AMA News·Business

Six African Heads of Government and U.S. Government Delegation confirmed for U.S.-Africa Business Summit

WASHINGTON, DC, USA, 30 June 2023, /African Media Agency/- More than 1,000 participants, including six African heads of state and government and a delegation of senior U.S. government officials, are expected in Gaborone, Botswana for the U.S.-Africa Business Summit, organized by the Corporate Council

June 30, 2023

Business

GTBank, Unity Bank, Leadway, Others Under Investigation For Customer Data Breach

The National Commissioner, Nigeria Data Protection Commission (NDPC), Vincent Olatunji, has disclosed that Guaranty Trust Bank (GTBank), Leadway Insurance and some companies are under investigation for data breaches. According to Olatunji on Thursday, Unity Bank, Fidelity Bank, Zenith Bank and Babcock University

June 30, 2023

Business

Virgin Galactic Charges Space Customers $450,000 Each To Travel 50 Miles Above Earth

Virgin Galactic charged customers as high as $450,000 each to take them to space, as the company intensifies competition with Blue Origin and SpaceX. On Thursday, the customers were flown to space around 8:30 am local time (1430 GMT) with a giant,

June 30, 2023

Forbes List: Dangote Reclaims Richest African Title From South Africa's Johann Rupert

Business

Aliko Dangote Retains Richest Man In Africa Status With $15.6bn – Bloomberg

President of the Dangote Group, Aliko Dangote, retains the richest man status in Africa according to Bloomberg’s Billionaires Index. This is despite the volatility of the Nigerian currency against the dollar. The Bloomberg’s daily top billionaire lists, released on Tuesday, showed that

June 29, 2023

Business·Transport

First Transshipment Vessel Arrives Lekki Port

The Lekki Deep Seaport on Thursday said its container terminal had received its first transshipment. In a statement announcing the arrival of the vessel, the management said it came with cargo from CMA CGM and Maersk, the two largest container shipping lines

June 29, 2023

CBN Reveals JP Morgan’s Intention After Report On Nigeria’s Foreign Reserves

Business·Insights

12 Nigerian Digital Banks Licensed By CBN To Operate As Microfinance Banks

The microfinance banking market in Nigeria is shrinking and Nigerians are having more competitive services to choose from thanks to Financial technology (Fintech) companies. It’s no news that technology has disrupted the banking system globally, and as a result, there’s an encroachment

June 29, 2023

CBN Owes Goldman Sachs, JP Morgan $7.5bn, Releases Financials Amid Probe

Business

Social Media Handle Request Illegal, Nigeria Data Protection Commission Tackles CBN

The National Commissioner of the Nigeria Data Protection Commission (NDPC), Vincent Olatunji, says it is illegal for the Central Bank of Nigeria (CBN) to direct banks to obtain the social media handles of their customers. According to Olatunji, the CBN and the

June 29, 2023

Business·Oil & Gas

Seplat CEO Seeks Tinubu’s Support Against NNPC Over ExxonMobil Assets Drama

After its plan to acquire oil and gas assets from ExxonMobil Corporation before Bola Tinubu became President failed, the Chief Executive Officer of Seplat Energy, Roger Brown, is now hoping the new administration will approve the acquisition. Recall that Brown had stated

June 29, 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 477

Diet Coke’s Sweetener To Be Classified As Cancer-causing Ingredient

ENGIE and Meridiam acquire BTE Renewables

Six African Heads of Government and U.S. Government Delegation confirmed for U.S.-Africa Business Summit

GTBank, Unity Bank, Leadway, Others Under Investigation For Customer Data Breach

Virgin Galactic Charges Space Customers $450,000 Each To Travel 50 Miles Above Earth

Aliko Dangote Retains Richest Man In Africa Status With $15.6bn – Bloomberg

First Transshipment Vessel Arrives Lekki Port

12 Nigerian Digital Banks Licensed By CBN To Operate As Microfinance Banks

Seplat CEO Seeks Tinubu’s Support Against NNPC Over ExxonMobil Assets Drama

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

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EFCC, Malami’s Lawyers Trade Words Over Bail Order as Legal Tussle Deepens

Asset Hunt Deepens as EFCC Links Universities, Hotels to Malami Family in Expanding Probe

Pope Leo XIV Includes Igbo Prayer in First Christmas Vigil Mass at the Vatican

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

EFCC, Malami’s Lawyers Trade Words Over Bail Order as Legal Tussle Deepens

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Business - Page 477

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