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Business - Page 546

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

Wema Bank In Search Of N25 billion, Target Private Investors

Business

Wema Bank In Search Of N25 billion, Targets Private Investors

Wema Bank has announced plans to borrow N25 billion through bond issuance, a corporate document dated 2 March 2023 has revealed. The financial institution said part of the fund will be disbursed as credit to Nigeria’s Small and Medium Enterprise (SME) businesses

March 3, 2023

Business

Transcorp Hotels Plc Records 172% PBT Growth, N31.4bn Revenue

Transcorp Hotels Plc, a leading hospitality brand, has reported its financial results for full year 2022. The Group reported a Profit Before Tax (PBT) of N4.5 billion, a 172 percent increase year-on-year, having ended 2021 with a PBT of N1.7 billion. Transcorp

March 2, 2023

Business·Markets

Stock Market Investors Gain N88.04 billion, As Equity Cap Rises By 0.29%

Nigerian bourse appreciated by 0.29 per cent or N88.04 billion on Thursday, 2 March 2023, as the market capitalisation closed with N30.32 trillion, above the N30.23 trillion recorded a day before. Stock market data disclosed the All-Share Index closed with 55,670.24 ASI, rising by 161.63 basis points

March 2, 2023

Moghalu, British Gov’t Support Tinubu’s Fuel Subsidy Removal, Forex Reforms

Business·Currency

Mixed Fortunes For Forex Markets: How Tinubu’s Win Will Affect Dollar Rate

The United States Dollar (USD) gained against the Naira in the black market on Thursday, 2 March 2023, as the exchange rate appreciated by 1.05 per cent. During trading in the Bureau De Change window of the black market, the exchange rate

March 2, 2023

Business

Increased Spending Towards Elections, Others To Affect Economy – CBN

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has projected that Nigeria’s economy will grow at a subdued pace in 2023. MPC made this known in a 70-page document released on Wednesday covering the MPC’s first meeting for

March 2, 2023

CBN Places Service Restriction On PoS Agents Across Nigeria

Business

CBN To Reveal Banks’ Disbursement Details Of New Naira Notes

The Central Bank of Nigeria (CBN) has responded to the request made by an activist lawyer, Femi Falana (SAN), to provide details of the disbursement of the new N200, N500 and N1,000 notes. Falana had written to the central bank, in a

March 2, 2023

AMA News·Business

Bybit and Talos Enter Partnership to Expand Digital Assets Trading for Institutional Clients

DUBAI, United Arab Emirates, 2 March 2023 -/African Media Agency(AMA)/- Bybit, the world’s third most visited crypto exchange, has announced a dynamic partnership with Talos, the premier institutional digital asset trading technology provider. The integration combines the power of Talos’s robust trade infrastructure solutions

March 2, 2023

AMA News·Business

Practical approach, clear business case needed for sustainability success

by Shabir Ahmed, Industry Advisor: Energy & Resources at SAP Africa JOHANNESBURG, South Africa, 01 March 2023 -/African Media Agency(AMA)/- A growing wealth of evidence shows that sustainability has become a mainstream business and societal issue. Leading companies are embracing sustainability not only to

March 2, 2023

Jigawa Residents Spend More On Petrol As Price Rises By 223.21% To N770

Business·Oil & Gas

Oil Marketers To Sanction Petrol Stations Selling At N220 Per Litre

The President of the Petroleum Retail Outlet Owners Association of Nigeria (PETROAN), Billy Gillis-Harry, has revealed that the group will sanction retailers for fixing exorbitant prices to their Premium Motor Spirit (PMS), also known as petrol. Gillis-Harry said a task force has

March 2, 2023

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

Business·Markets

How Stock Market Reacts To Tinubu’s Victory

Hours after Bola Ahmed Tinubu of the All Progressive Congress (APC) emerged as the winner of the Nigerian presidential election, the stock market closed on a negative note on Wednesday, ending its positive form. Prime Business Africa learnt that the Nigerian bourse’s

March 1, 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 546

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

Wema Bank In Search Of N25 billion, Targets Private Investors

Transcorp Hotels Plc Records 172% PBT Growth, N31.4bn Revenue

Stock Market Investors Gain N88.04 billion, As Equity Cap Rises By 0.29%

Mixed Fortunes For Forex Markets: How Tinubu’s Win Will Affect Dollar Rate

Increased Spending Towards Elections, Others To Affect Economy – CBN

CBN To Reveal Banks’ Disbursement Details Of New Naira Notes

Bybit and Talos Enter Partnership to Expand Digital Assets Trading for Institutional Clients

Practical approach, clear business case needed for sustainability success

Oil Marketers To Sanction Petrol Stations Selling At N220 Per Litre

How Stock Market Reacts To Tinubu’s Victory

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