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Business - Page 522

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

Business·Transport

Air Peace Set To Begin Direct Flights From Nigeria To Israel April 20

Leading Nigerian airline, Air Peace, is set to begin direct flight operations from Nigeria to Israel on Thursday, 20th April. This was disclosed by the airline in a tweet on Sunday, 15th April where it called on customers who intend to fly

April 16, 2023

Business·News·Top Stories

UBA Records Profit Growth Across Major Income Lines

HIGHLIGHTS The Group posted 47.5% Growth in Gross Earnings, Profit Hit ₦61.4bn Profit Before Tax (PBT) rose significantly by 38.2 percent to ₦61.4 billion in Q1 2023, up from ₦44.5 billion recorded in the first quarter of 2022 The Bank recorded improved

April 16, 2023

Africa·Business·Finance & Economy

AfDB Approves Trade Finance Transaction Guarantee Facility For Bancobu

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a trade finance transaction guarantee facility to Banque Commerciale Du Burundi (Bancobu). Leveraging Bancobu’s strategic footprint in the East African nation, this instrument will provide support to Small and

April 15, 2023

Africa·Business·News

Cassava Technologies To Invest $250M In South African Economy

Cassava Technologies has pledged a total of R4.5 billion (about $250 million) in investment in South Africa through its business units. The units are Liquid Intelligent Technologies, Africa Data Centre and Distributed Power Africa. This announcement was made during the fifth South

April 15, 2023

How Nigeria Has Failed To Pluck Low-hanging Fruits In Palm Oil Production

Agro-Economy·Business

Nigeria Fails To Pluck Low-hanging Fruits, Imports N300bn Palm Oil In 6 Years

Highlights Nigeria has great potential to produce palm oil on large scale for exports and local consumption but has since independence failed to develop the needed capacity The country spent N299.6 billion importing palm oil in just six years Experts urge government

April 15, 2023

Nigerian Banks Earn N135.52 Trillion From CBN's Naira Policy, E-Payment

Business·Opinion

CBN, Naira Redesign And Inflation Blues

Economy is the life blood of a people. The state of the economy determine the level of happiness or sadness of majority of citizens, and can also influence the degree of social stability or disruption in the society. Citizens are happy when

April 15, 2023

Business·News

GTBank Hosts Popular American Chef, Jessica Craig For Lagos Masterclass On Pastry Skills

GTBank will be hosting New York’s celebrated pastry chef, Jessica Craig, in its 2023 edition of “GTCO Food and Drink” to take participants through the process of making decadent desserts. The bank, which has already sent invitations to millions of its customers

April 15, 2023

Aviation Workers To Shutdown Airport Operation For Two Days, Reveal Reasons

Business·Transport

Aviation Workers To Shut Down Airports For 2 Days

Five aviation unions in Nigeria have threatened to suspend operations across Nigerian airports amid a disagreement with the Federal Government over condition of service and salary review. The five aviation unions are the National Union of Air Transport Employees (NUATE), the Association

April 14, 2023

Seplat Energy, Total Lead List Of Highest Paying Companies In Nigeria

Business·Markets

Investors In Cadbury, Wema Bank, Others Lose N27.58 billion In Stock Trading

About N27.58 billion was lost in the Nigerian bourse on Friday, 14 April 2023, as the stock market capitalisation depreciated from N28.29 trillion to close at N28.26 trillion on Friday. Also, the All-Share Index closed down at 51,893.94 ASI from 51,944.58 ASI, after shedding

April 14, 2023

Business·Diaspora·News·Real Estate

Shelter Afrique Targets African Diaspora In Housing Delivery

HIGHLIGHTS Remittances by Africans in the diaspora reached over $95.6bn in 2021, according to World Bank statistics Nigeria, Ghana, Kenya among the highest recipients of remittance inflows in Africa Pan African housing development financier, Shelter Afrique is targeting the African Diaspora to enhance

April 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 522

ALEX Leads NGX Gainers’ List, Guinea Insurance Among Losers

Air Peace Set To Begin Direct Flights From Nigeria To Israel April 20

UBA Records Profit Growth Across Major Income Lines

AfDB Approves Trade Finance Transaction Guarantee Facility For Bancobu

Cassava Technologies To Invest $250M In South African Economy

Nigeria Fails To Pluck Low-hanging Fruits, Imports N300bn Palm Oil In 6 Years

CBN, Naira Redesign And Inflation Blues

GTBank Hosts Popular American Chef, Jessica Craig For Lagos Masterclass On Pastry Skills

Aviation Workers To Shut Down Airports For 2 Days

Investors In Cadbury, Wema Bank, Others Lose N27.58 billion In Stock Trading

Shelter Afrique Targets African Diaspora In Housing Delivery

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ALEX Leads NGX Gainers’ List, Guinea Insurance Among Losers

Dollar Rate Drops In Black Market, Stable In Official Window

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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

ALEX Leads NGX Gainers’ List, Guinea Insurance Among Losers

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