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Business - Page 497

The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

Nigerian Stock Market Valuation Rises By N578.89bn To N97.77trn

On Tuesday, December 23, the valuation of the Nigerian Exchange (NGX) Limited, also known as the stock market, increased by N578.89 billion to N97.77 trillion, from the N97.19 trillion recorded on Monday, December 22. The all-share index (ASI) increased to 153,354.13 ASI,

December 23, 2025

Tinubu Tables Request After State Governors Back Fuel Subsidy Removal

Business·Oil & Gas

Updated: Fuel Subsidy Is Gone – Tinubu Says, Set For NLC Showdown

President Bola Tinubu has announced that the fuel subsidy is gone, stating that there will be no provision for it in his government’s budget. Tinubu said this during his inauguration speech on Monday, 29 May 2023. He reiterated his stance against the

May 29, 2023

Business·Insights

Judging President Buhari’s Eight Years Tenure By Numbers

On Monday, 29 May 2023, President Muhammadu Buhari handed over to President-elect, Bola Tinubu, ushering in a new administration. As Buhari draws the curtain on his eight-year tenure, Prime Business Africa looks beyond his self-praise and commendations from his cabinet and party

May 29, 2023

Business·News·Top Stories

Angola Becomes ATI’s 21st Member State, Pays $25 Million In Capital Subscription Fees

The Republic of Angola has become the 21st African Member State and the 1st Lusophone Member State of pan-African insurer, Africa Trade Insurance Agency – ATI, after paying a capital subscription of USD25 million. The membership was funded the Angolan National Treasury

May 27, 2023

Business

Children’s Day: Teach Your Kids Savings Culture, Polaris Bank Urges Parents

As the world commemorates 2023 Children’s’ Day celebration, Polaris Bank has urged parents to imbibe in their kids, the art of saving by opening Polaris Rainbow Account. READ ALSO: Top Five Best Performing Nigerian Banks To encourage savings amongst kiddies, Polaris Bank offers

May 27, 2023

Business·Transport

Nigeria Air: Int’l Community Watching To See If ICAO Standards Are Followed – Aviation Expert

an aviation expert, Captain Ado Sanusi, has warned that the international community is watching to see whether the country is following what the International Civil Aviation Organisation stipulated as Standard

May 26, 2023

Business·Markets

Nascon, Conoil, Others Lift Stock Market Cap By N82.92 billion

Over N82.92 billion was gained by stock investors in Nascon, Conoil and others on Friday, after the equity capitlisation appreciated by 0.28 per cent. Prime Business Africa gathered that the gain pushed up the market capitalisation from N28.76 trillion to N28.84 trillion. The All-Share

May 26, 2023

Business

Nigeria Air: Sirika Risks Contempt Of Court Charge – Domestic Airlines

The spokesperson of the domestic airline association, Airline Operators of Nigeria (AON), Obiora Okonkwo, has tackled the Aviation Minister, Hadi Sirika, for insisting that the national carrier, Nigeria Air, will be commissioned before his tenure ends on Monday, 23 May. Recall that Prime

May 26, 2023

Business·Top Stories·Transport

Nigeria Air Conceived On Faulty Foundation, Can’t Fly – Aviation Expert

As the Federal Government through the Ministry of Aviation, pushes to commence operations of Nigeria Air, experts in the industry have described the project as a ruse

May 26, 2023

Nigeria's September Oil Production Hits 1.5 Million Barrels, Bolsters OPEC Output

Business·Oil & Gas

Nigeria’s Oil Regulator Increases PIA Regulations To 12 Amid N16.25trn Loss

The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, has signed seven new regulations into law to address production count challenges and other problems facing the oil and gas industry. Prime Business Africa gathered the seven regulations, unveiled

May 26, 2023

Business

Pantami Receives Death Threat Over NIN-SIM Linkage

The Minister of Communications and Digital Economy, Isa Pantami, has revealed that he received death threats for initiating the mandatory linking of the National Identification Number (NIN) to the telecom SIMs. Recall that in 2020, the Nigerian government directed citizens to register

May 26, 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 497

Nigerian Stock Market Valuation Rises By N578.89bn To N97.77trn

Updated: Fuel Subsidy Is Gone – Tinubu Says, Set For NLC Showdown

Judging President Buhari’s Eight Years Tenure By Numbers

Angola Becomes ATI’s 21st Member State, Pays $25 Million In Capital Subscription Fees

Children’s Day: Teach Your Kids Savings Culture, Polaris Bank Urges Parents

Nigeria Air: Int’l Community Watching To See If ICAO Standards Are Followed – Aviation Expert

Nascon, Conoil, Others Lift Stock Market Cap By N82.92 billion

Nigeria Air: Sirika Risks Contempt Of Court Charge – Domestic Airlines

Nigeria Air Conceived On Faulty Foundation, Can’t Fly – Aviation Expert

Nigeria’s Oil Regulator Increases PIA Regulations To 12 Amid N16.25trn Loss

Pantami Receives Death Threat Over NIN-SIM Linkage

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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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Nigerian Stock Market Valuation Rises By N578.89bn To N97.77trn

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

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

Nigerian Stock Market Valuation Rises By N578.89bn To N97.77trn

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Business - Page 497

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