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Business - Page 538

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

Heirs Energies Limited, Nigeria’s leading indigenous integrated energy company, has executed a USD 750 million financing with the African Export–Import Bank (Afreximbank). The transaction was concluded at a signing ceremony in Abuja on Saturday 20th December 2025, attended by Mr. Tony

December 21, 2025

Tony Elumelu Foundation Empowered Us To Become Employers – Beneficiaries Praises Businessman

Business·Oil & Gas

Oil Thieves Attack Tony Elumelu’s Oil Firm’s Asset In Rivers State

Tony Elumelu’s oil firm, Heirs Holding Oil and Gas Limited, was attacked by oil thieves at Otamiri-Etche, Etche Local Government Area of Rivers State. The oil thieves connected an illegal oil bunkering facility to an oilfield, Oil Mining License (OML) 17, belonging

March 16, 2023

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business·News

Naira Scarcity: Latest CBN News, Updates On Naira Notes For Today

Amid subsisting controversy on new naira notes, Prime Business Africa (PBA), brings you the latest news on naira redesign policy of the Central Bank of Nigeria (CBN) for today. GTBank, Others Limit Cash Withdrawal To N10,000 The Central Bank of Nigeria (CBN)

March 16, 2023

Business

Moghalu Carpets CBN, Reveals Problems With Emefiele’s Naira Policy

Former Deputy Governor, Central Bank of Nigeria (CBN), Kingsley Moghalu, has condemned the handling of the Naira redesign policy under Godwin Emefiele. Moghalu said months after the CBN set out to implement the Naira redesign policy, Nigerians are still suffering from the

March 16, 2023

Moghalu Highlights How Trump’s Presidency Will Affect African Economies

Business·Opinion

Naira Redesign Implemention Failure And Its Consequences

The terrible suffering and economic loss Nigerians and Nigeria have experienced as a result of the faulty implementation of the Central Bank of Nigeria’s Naira redesign policy, the entry of the judiciary into central banking functions, all show clearly how our institutions—

March 16, 2023

Business·Currency·News

Old Naira Notes: GTBank, Others Limit Cash Withdrawal To N10,000

The Central Bank of Nigeria (CBN) has fully complied with the Supreme Court ruling ordering it to restore old naira notes to circulation but Guaranty Trust Bank (GTBank) and other banks have limited over-the-counter withdrawals to just N10,000. Our correspondent, who visited

March 15, 2023

Business·Markets

Over N126.76 billion Lost Amid Sell-Off In Oando, Glaxo Smith, Others

On Wednesday, 15 March 2023, the stock market capitalisation shed –0.41 per cent in valuation, as it fell to N30.22 trillion. The decline represents N126.76 billion when the N30.22 trillion market capitalisation is compared to the N30.35 trillion reported on Tuesday. In the same

March 15, 2023

Business

Inflation Hits 21.91%, As Nigerians Pay More For Bread, Yam, Others

The National Bureau of Statistics has revealed that Nigeria’s headline inflation hit 21.91 per cent in February 2023 on the back of a hike in Yam, Bread and Meat prices. According to the Consumer Index Price (CPI) for February 2023, released on

March 15, 2023

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Black Market’s Dollar Rate Now N290 Above Official Market

The Naira to Dollar exchange rate in the official market depreciated on Tuesday, 14 March 2023, as the Nigerian currency regains some value lost to the United States legal tender in the last couple of days. Prime Business Africa gathered from FMDQ

March 15, 2023

AMA News·Business

For the Republic of Congo, Economic Diversification Offers a Path to Prosperity

© Parfait Iloki | Ministry of Land Management, Infrastructure and Road Maintenance, Republic of Congo. STORY HIGHLIGHTS The Republic of Congo’s oil-driven growth model has reached its limits, says a new World Bank report, titled The Republic of Congo’s Road to Prosperity:

March 15, 2023

Shareholders Remember Wigwe, Others At Access Holdings Annual General Meeting

Business·Currency

Access Bank Reduces Forex Payout For International Students, Traders

Access Bank has reviewed its foreign exchange (FX) application for international school fees, a move that indicates other banks might follow suit. Account holders of Access Bank received a message titled; “important information on Form A request’, informing them that the processing time

March 15, 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 538

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

Oil Thieves Attack Tony Elumelu’s Oil Firm’s Asset In Rivers State

Naira Scarcity: Latest CBN News, Updates On Naira Notes For Today

Moghalu Carpets CBN, Reveals Problems With Emefiele’s Naira Policy

Naira Redesign Implemention Failure And Its Consequences

Old Naira Notes: GTBank, Others Limit Cash Withdrawal To N10,000

Over N126.76 billion Lost Amid Sell-Off In Oando, Glaxo Smith, Others

Inflation Hits 21.91%, As Nigerians Pay More For Bread, Yam, Others

Black Market’s Dollar Rate Now N290 Above Official Market

For the Republic of Congo, Economic Diversification Offers a Path to Prosperity

Access Bank Reduces Forex Payout For International Students, Traders

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

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

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

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