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Business - Page 493

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

Business

25 Visa-Free, Visa-On-Arrival Countries For Nigerians

Are you looking to Japa (local parlance for escape) from the current economic hardship in Nigeria and cool off in a different country without going through the rigorous process of securing a visa first? Well, you are in luck, as there are

June 5, 2023

Business

Nigeria Accounts For 35% Of Foreign Airlines’ Trapped Funds Globally

The International Air Transport Association (IATA) said airlines’ funds blocked from repatriation in Nigeria is $812.2 million as of April 2023. According to the association, Nigeria has the highest airline funds blocked from repatriation (35.7%) when compared to other countries where airlines

June 5, 2023

AMA News·Business

Yango Leads the Charge in African Mobility Revolution at GITEX Africa Summit 2023

MARRACKECH, Morocco, 5 June 2023 -/African Media Agency (AMA)/- Yango, one of the leading ride-hailing services operating in Africa, showcased its commitment to the continent’s development at the highly anticipated GITEX AFRICA, bringing together innovators, entrepreneurs, and industry leaders to discuss the future

June 5, 2023

Nigeria’s Crude Oil Production Surges To 1.3mbpd

Business·News·Oil & Gas

Oil Prices Jump 2% As Saudi Arabia Plans Deeper Output Cuts

Saudi Arabia plans to deepen oil output cuts in July and this has shut up oil prices by as high as two per cent (2%), more than $1.5 a barrel, on Monday. The world’s top exporter of crude oil had pledged to

June 5, 2023

NNPC Denies Plans To Increase Fuel Price

Business·News·Oil & Gas

NNPC Ends Oil Swap Contracts, To Pay Cash For Petrol Imports

NNPC Ltd, the Nigeria state oil firm, is winding down crude swap contracts as its chief executive announced decision to henceforth pay cash for gasoline imports. The NNPC Ltd has been importing petrol from consortiums of foreign and local trading firms and

June 5, 2023

Sterling Bank customer laments N20 million debit on cvorporate account

Business·News·Top Stories

Sterling Bank Customer Laments N20 Million ‘Illegal Debit’ On Corporate Account

Bank Says It’s ‘System Failure’ UK-based customer of Sterling Bank, Mr Ben Emeka Uzokwe, has told Prime Business Africa (PBA) the story of how his Nigerian corporate account was allegedly debited by N20 million on Friday June 2, 2023 without the company

June 3, 2023

5G Deployment To Create $13.2tn Economic Value, 22.3m Jobs By 2035

Business·Technology

5G Deployment To Create 22.3m Jobs, $13.2tn Economic Value By 2035

The deployment of 5G technology is expected to create a global value chain that would generate 22.3 million jobs and result in $13.2 trillion economic value by 2035, according to a market study, said Adeleke Adewolu, Executive Commissioner, Stakeholder Management, Nigerian Communications

June 2, 2023

Business

Fuel Subsidy: Tinubu To Face First Nationwide Strike, As NLC Announces Protest

Bola Tinubu will experience his first nationwide strike as President of Nigeria, as the Nigeria Labour Congress (NLC) announces an industrial action over the removal of fuel subsidy. After an emergency meeting with NLC National Executive Council (NEC) in Abuja on Friday,

June 2, 2023

Investors To Buy N150 billion-worth Of FBN Holdings Stake

Business

CBN, NGX, SEC Fine First Bank, FBN Holdings N25.9 million For Aiding Fraudulent Dealings, Others

First Bank of Nigeria (FBN) Holdings and its subsidiaries were fined N25.9 million for fraudulent dealings and various contraventions, Prime Business Africa gathered. First Bank of Nigeria Limited, the subsidiary lender, was sanctioned by the Central Bank of Nigeria (CBN) for aiding

June 2, 2023

Jigawa Residents Spent More On Petrol In June

Business·Oil & Gas

Local Production Of Petrol Can Save Nigeria $21bn Of FX – IPMAN

As the crisis of petrol supply rages due to dependency on import, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has asserted that Nigeria can save about $21 billion of Foreign Exchange (FX) in a year if the products are refined locally.

June 2, 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 493

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

25 Visa-Free, Visa-On-Arrival Countries For Nigerians

Nigeria Accounts For 35% Of Foreign Airlines’ Trapped Funds Globally

Yango Leads the Charge in African Mobility Revolution at GITEX Africa Summit 2023

Oil Prices Jump 2% As Saudi Arabia Plans Deeper Output Cuts

NNPC Ends Oil Swap Contracts, To Pay Cash For Petrol Imports

Sterling Bank Customer Laments N20 Million ‘Illegal Debit’ On Corporate Account

5G Deployment To Create 22.3m Jobs, $13.2tn Economic Value By 2035

Fuel Subsidy: Tinubu To Face First Nationwide Strike, As NLC Announces Protest

CBN, NGX, SEC Fine First Bank, FBN Holdings N25.9 million For Aiding Fraudulent Dealings, Others

Local Production Of Petrol Can Save Nigeria $21bn Of FX – IPMAN

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

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

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

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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

Adamawa Governor Pardons Death Row Farmer Sunday Jackson After 11 Years

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