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Business - Page 520

Stock Market Rally Halted As Demand For Ecobank, PZ Cussons Shares Dropped

ALEX Leads NGX Gainers’ List, Guinea Insurance Among Losers

At the end of trading in the Nigerian stock market on Monday, December 22, the capitalisation of the Nigerian Exchange (NGX) Limited closed at N97.19 trillion. Also, the all-share index (ASI) of the NGX stood at 152,459.07 ASI. Equity traders exchanged 451,52

December 22, 2025

Polaris Bank Media Seminar: Expert Calls For More Training On Investigative Journalism

Business·News

Polaris Bank Seeks To Deploy Low-cost Digital Solutions

Polaris Bank has forged new partnership to deploy low-cost digital solutions on a much more secured platform, in what the bank says will make “customer acquisition and digital onboarding seamless.” A renewed partnership with Network International, an enabler of digital commerce across

April 18, 2023

Business·News·Top Stories

Nigerian Govt, Bühler In Renewed Partnership To Boost Rice Production, Food Security

Global Swiss family business, Bühler, and the Nigerian government are in new partnership to boost Imota rice production and guarantee general food security. The new project to boost rice production across the country is anchored on the 2017 agreement for acquisition of

April 18, 2023

Africa·Business·News

Afreximbank Provides EUR10 Million To Banque Postale du Congo For SMEs Financing

African Export-Import Bank (Afreximbank) has signed a landmark agreement with Banque Postale du Congo (BPC) to provide the Congolese bank with an EUR 10-million factoring facility for SMEs financing in the Republic of Congo and the CEMAC region. Signed on behalf of

April 18, 2023

L-R: Consultant to Edo State Government on Forestry, Mr. lucky Wase; Edo State Facilitator, Sustainable Trade Initiative, Comrade Bashiru Kadiri; Permanent Secretary, Edo State Ministry of Environment & Sustainability, Mr Joel Ediowe; Commissioner for Agriculture & Food Security, Hon. Stephen Idehenre, and Commissioner for Environment & Sustainability, Engr Osasere Evboumwan, during a one-day state-level stakeholders’ consultation workshop, themed “Preservation of biodiversity and sustainable use of lowland forest mosaic in Ogun, Edo, Delta and Ondo States,’ in Benin City, the Edo State capital.

Business·News

Edo, FG, UN, Others Partner To Tackle Deforestation, Enhance Environmental Sustainability

The Edo State Government is collaborating with the Federal Government, the United Nations Food and Agriculture Organization and the Global Environment Facility (GEF) to tackle the challenges of deforestation and forest degradation, promote environmental sustainability and ensure effective management and utilization of

April 18, 2023

ExxonMobil’s Force Majeure On Oil Lifting In Nigeria, Threatens Output, Revenue

Business·Oil & Gas

ExxonMobil Force Majeure On Nigeria Oil Lifting Threatens Output, Revenue

In-house workers’ union strike action has forced Exxon Mobil to declare force majeure on loadings from different oil terminals in Nigeria. According to a report in Reuters, the company made this known in a statement on Monday. “We will continue to take

April 18, 2023

Africa·Business·News

Nigerian Airlines Threaten To Bar Ivorian Govt Flight Access In Nigeria

Nigerian Airlines have issued stern warning to the government of Cote D’Ivoire, giving it 10 day ultimatum – beginning from April 18th, 2023- to grant access to operate or face the consequences of its next line of action. Chief Executive Officer of

April 18, 2023

Business·Technology

Be Ready For 9mobile Resurgence, CEO Juergen Peschel Tells Channel Partners

9mobile CEO, Juergen Peschel, has affirmed that the telco’s business is on the path of resurgence following new investments into its network operations as well as a strong commitment by the board and management to aggressively reclaim market share. This assertion was

April 18, 2023

NOVA Records Double Earnings By 108% Profit Growth In 2022

Business

NOVA Doubles Earnings In 108% Profit Growth

NOVA Merchant Bank Limited has announced its Audited Full Year 2022 financial results, showing a 107.9% year-on-year growth in profit before tax and the group year-on-year profit before tax of 98.2%, as both funded and non-funded income grew significantly on the back

April 18, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Dollar Falls To Naira, Forex Supply Drops Significantly

The Naira fought back against the Dollar on Monday, 17 April 2023, gaining 0.37 per cent in value, as the cost of the United States currency dropped by ₦1.75 kobo in the official market. At the end of trading on Monday, the

April 18, 2023

Business·News

Union Homes Company Secretary Petitions CBN, Police, Says Aso Savings & Loans Diverted N2.5bn LASG Compensation

A senior official of Union Homes Plc has accused principal officers of Aso Savings & Loans, the lead agency in an unfinished merger, of diverting the N2.5b judgement debt and compensation which the Lagos State Government paid to Union Homes Plc, Searaq

April 18, 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 520

ALEX Leads NGX Gainers’ List, Guinea Insurance Among Losers

Polaris Bank Seeks To Deploy Low-cost Digital Solutions

Nigerian Govt, Bühler In Renewed Partnership To Boost Rice Production, Food Security

Afreximbank Provides EUR10 Million To Banque Postale du Congo For SMEs Financing

Edo, FG, UN, Others Partner To Tackle Deforestation, Enhance Environmental Sustainability

ExxonMobil Force Majeure On Nigeria Oil Lifting Threatens Output, Revenue

Nigerian Airlines Threaten To Bar Ivorian Govt Flight Access In Nigeria

Be Ready For 9mobile Resurgence, CEO Juergen Peschel Tells Channel Partners

NOVA Doubles Earnings In 108% Profit Growth

Dollar Falls To Naira, Forex Supply Drops Significantly

Union Homes Company Secretary Petitions CBN, Police, Says Aso Savings & Loans Diverted N2.5bn LASG Compensation

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Heirs Energies Agrees $750m Afreximbank Financing to Drive Long-Term Growth

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

SAFE IN NIGERIA: Boris Johnson’s Claim and the outrage

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ALEX Leads NGX Gainers’ List, Guinea Insurance Among Losers

Dollar Rate Drops In Black Market, Stable In Official Window

Best-Performing Cement Companies In Nigeria — By Revenue Growth

Dangote Cement Posts Strong Profit Growth Despite Flat Volumes

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

ALEX Leads NGX Gainers’ List, Guinea Insurance Among Losers

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