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Business - Page 545

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·Currency·News

CBN Hijacked State Power, Confiscated The Naira, Says Stanbic IBTC Owner, Peterside

Owner of Stanbic IBTC, Atedo Peterside at the weekend said the Central Bank of Nigeria (CBN) actually hijacked the powers of the state by confiscating the naira in the guise of currency redesign. The founder of Stabic IBTC and ANAP spoke just

March 5, 2023

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

Business·Opinion

Old Naira Notes: Supreme Court Verdict Is No Victory For El-Rufai, Other Governors – Expert

The Supreme Court verdict on old Naira notes is neither a victory for the governors who instituted the case against the Federal Government and Central Bank of Nigeria, CBN, nor a loss to the defendants. Rather, it is a restoration of order

March 3, 2023

Naira Scarcity: Zenith Bank's Profit Drops To N223.91bn, Faces N967bn Lawsuits

Business

Jim Ovia Gets New Position As Zenith Bank Restructures Into HoldCo

Zenith Bank has revealed that it is restructuring into a Holding Company (HoldCo) after receiving Approval-in-principle from the Central Bank of Nigeria (CBN). In a statement sent to the Nigerian Exchange Limited (NGX) on Friday, 3rd March 2023, Zenith Bank said it

March 3, 2023

AMA News·Business

33 Years of Glory: Building a Better Future Together with Hantec

HONG KONG, SAR, 3 march 2023,-/African Media Agency (AMA)/- Celebrating its 33rd anniversary on 3rd March 2023, Hantec Group has developed from a financial institution to an established multinational enterprise guided by its customer-oriented and innovation-driven philosophy along the way. Founded in Hong

March 3, 2023

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Currency

Dollar Rate Rises In Official Window, Falls In Black Market

The value of foreign exchange (Forex) transacted on Thursday, 3 March 2023, dropped when compared to the previous day’s transaction. In the foreign exchange data obtained from FMDQ Securities, a firm that tracks the exchange rate in the official market, it was

March 3, 2023

Nigeria's Treasury Bills Surpass N6.6trn In 2023 Amid Economic Headwinds

Business·Currency

Breaking: Old Naira Notes Remain Legal Tender, Supreme Court Rules

The Supreme Court has ruled that the old N1,000, N500, and N200 notes remain legal tender until December 31. The seven-man panel of justices of the apex court gave the ruling at its sitting on Friday in a suit brought by 17

March 3, 2023

Cash In Circulation Up By N701.4 billion, Emefiele's CBN Loses Control Again

Business

Updated: Old Naira Notes Remain Legal, Buhari Acted As Dictator – Supreme Court Declares

The Supreme Court on Friday, 3 March 2023, ruled that the old Naira notes remain legal tender till 31 December 2023, as it set aside the deadline of the Central Bank of Nigeria (CBN). Delivering the judgement of the Supreme Court, Justice

March 3, 2023

AMA News·Business

Jeremy Awori leads Ecobank Group as the new Chief Executive Officer

LOME, Togo, 2 March 2023,-/African Media Agency (AMA)/- Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, the leading pan-African banking group, is pleased to announce that Jeremy Awori has officially assumed his role as Chief Executive Officer of the

March 3, 2023

CBN’s New Directive Forces Adaora Umeoji Out Of Zenith Bank

Business

Zenith Bank’s DMD, Adaora Umeoji, Quits On CBN’s New Directive

The Deputy Managing Director (DMD) of Zenith Bank, Adaora Umeoji, has quit her role in the financial institution due to the new tenure announced by the Central Bank of Nigeria (CBN) for bank leadership. Recall that the central bank created a new

March 3, 2023

Ecobank Fined N3.2m, PZ Cussons Slammed With N4.8m Amid Clampdown

Business

Jeremy Awori Takes Over From Ade Ayeyemi As Ecobank’s CEO

Ade Ayeyemi has retired from his post as the Chief Executive Officer of Ecobank Transnational Incorporated (ETI), a position he occupied for seven years. Ayeyemi’s retirement gave way for Jeremy Awori to take over the CEO seat on Wednesday, 1 March 2023,

March 3, 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 545

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

CBN Hijacked State Power, Confiscated The Naira, Says Stanbic IBTC Owner, Peterside

Old Naira Notes: Supreme Court Verdict Is No Victory For El-Rufai, Other Governors – Expert

Jim Ovia Gets New Position As Zenith Bank Restructures Into HoldCo

33 Years of Glory: Building a Better Future Together with Hantec

Dollar Rate Rises In Official Window, Falls In Black Market

Breaking: Old Naira Notes Remain Legal Tender, Supreme Court Rules

Updated: Old Naira Notes Remain Legal, Buhari Acted As Dictator – Supreme Court Declares

Jeremy Awori leads Ecobank Group as the new Chief Executive Officer

Zenith Bank’s DMD, Adaora Umeoji, Quits On CBN’s New Directive

Jeremy Awori Takes Over From Ade Ayeyemi As Ecobank’s CEO

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

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