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Business - Page 540

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

Business·Technology·Top Stories

Cloud Computing – A Comprehensive Overview

The advent of cloud computing has revolutionized the way businesses store and manage data. This advanced technology has made it possible for organizations to store and access their data remotely, without having to invest in expensive hardware and infrastructure. In this article,

March 14, 2023

Naira Crisis: Banks Will Remain Open So Long It’s Safe To Do So – CIBN

Business·News

Buhari To CBN, AGF – I Didn’t Ask You To Disobey Supreme Court Order On Old Naira Notes

The Presidency onj Monday reacted to some public concerns that President Muhammadu Buhari did not respond to the Supreme Court judgement on the N500 and N1,000 old currency notes, saying it did not support disobedience to court order A statement issued on

March 13, 2023

Business·Technology

NCC Approves Harmonized Short Codes, Directs Implementation

In line with its consumer-centric approach to telecoms regulation, the Nigerian Communications Commission (NCC) has directed mobile network operators (MNOs) to commence implementation of approved harmonised short codes (HSC) for providing certain services to telecom consumers in Nigeria. The Commission has already

March 13, 2023

Nigeria Govt Finally Secures Access To Heathrow Airport For Air Peace

Business

Passengers Can Only Fly Aircraft Our CEO Can Travel In – Air Peace’s Legal Counsel

Head of the Legal Department at Air Peace, Ikechukwu Ugorji, has stated that an aircraft Allen Onyema, the founder of the airline, cannot travel in will not be made available to passengers. Ugorji made this known while speaking exclusively to Prime Business

March 13, 2023

How Loss Of Over $5 Trillion In U.S. Stock Exchange Affects Nigeria

Business·Markets

Nigerian Stock Market Cap Drops N3.34 billion

Nigerian bourse depreciated by N3.34 billion after the trading session on Monday, 13 March 2023, to close at N30.391 trillion from N30.394 trillion. This was after the All-Share Index depreciated by -0.01 per cent or 6.14 basis points, as the ASI settled

March 13, 2023

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Naira Weakens, Dollar Rate Rises In Official Market

Traders and investors exchanged the Naira and Dollar at N461.50/$1 on Friday, 10 March 2023, the FMDQ Exchange data has disclosed. The foreign exchange (Forex) rate rose from N461.00/$1 reported on Thursday, 9 March 2023, indicating the Naira depreciated by -0.11 per

March 13, 2023

Business·Finance & Economy·Top Stories

FULL LIST: How 18 U.S Banks Failed In 5 Years – Questions For Nigerian Banks

After two major banks failed in just two days (between March 10 and March 12), the U.S Federal Deposit Insurance Corporation (FDIC) on Monday updated its list of failed banks and added two banks – Signature Bank and Silicon Valley Bank (SVB)

March 13, 2023

Governor of Nigerias Central Bank Godwin Emefiele

Business

Emefiele Directs Bank CEOs To Start Accepting, Disbursing Old Naira Notes

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has directed the Chief Executive Officers of Deposit Money Banks (DMBs) to start accepting and paying out the old Naira notes. This was revealed by the governor of Anambra state, Chukwuma

March 13, 2023

Breaking: CBN Tell Banks To Increase Interest Rate On Loan, Set MPR At 18.5%

Business

CBN’s Emefiele Addresses N500m Support For Labour Party Against Tinubu, Sanwo-Olu

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has denied plotting against President-elect, Bola Tinubu. Reports had circulated earlier on Monday, alleging that the central bank head is working with an unnamed retired general, who is described as a billionaire.

March 13, 2023

Five Important Policies To Expect From Tinubu After Fuel Subsidy Removal

Business·Insights·Markets

Equity, Bond Investors To Struggle With Impact Of New Gov’t Policies – Analysts

The capital market in Nigeria began 2023 strongly, however, that won’t be the case towards the end of the year, Prime Business Africa (PBA) has gathered during a conversation with investment analysts. Nigerian stock market had begun the year bullish, posting about

March 13, 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 540

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

Buhari To CBN, AGF – I Didn’t Ask You To Disobey Supreme Court Order On Old Naira Notes

NCC Approves Harmonized Short Codes, Directs Implementation

Passengers Can Only Fly Aircraft Our CEO Can Travel In – Air Peace’s Legal Counsel

Nigerian Stock Market Cap Drops N3.34 billion

Naira Weakens, Dollar Rate Rises In Official Market

FULL LIST: How 18 U.S Banks Failed In 5 Years – Questions For Nigerian Banks

Emefiele Directs Bank CEOs To Start Accepting, Disbursing Old Naira Notes

CBN’s Emefiele Addresses N500m Support For Labour Party Against Tinubu, Sanwo-Olu

Equity, Bond Investors To Struggle With Impact Of New Gov’t Policies – Analysts

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

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