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Business - Page 548

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·Markets

Updated: Over N206.57 billion Gained By Nigerian Stock Investors In One Day

The stock market capitalisation appreciated by 0.69 per cent or N206.57 billion to close at N30.14 trillion on Monday, 27 February 2023, rising from N29.93 trillion reported last week Friday, 24 February 2023. It was learnt that the All-Share Index increased by 379.21 basis points, from 54,949.21 ASI to

February 27, 2023

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Cost Of Dollar Falls In Black Market, Investors Trade More USD

The value of the United States Dollar (USD) dropped in the black market on Monday, 27 February 2023, as the Naira appreciates by 0.26 per cent. It was gathered that the cost to buy one Dollar fell by N2, with the greenback

February 27, 2023

Business

Bill Gates Splashes $939.8 million On Beer Stock, Now Worth $105.5 billion

Bill Gates has invested in Heineken Holding NV, a beer manufacturer, a filing by the Netherlands’ Financial Markets Authority (AFM) has disclosed. Gates directly bought 6.65 million shares and indirect shares of 4.18 million through Bill & Melinda Gates Foundation Trust, a

February 27, 2023

AMA News·Business

Viva Technology and the International Finance Corporation (IFC) are delighted to announce the launch of the second edition of the AfricaTech Awards.

PARIS, France, 27 February 2023 -/African Media Agency (AMA)/- Viva Technology and the International Finance Corporation (IFC) are delighted to announce the launch of the second edition of the AfricaTech Awards. This initiative aims to recognize and support Africa-focused companies with innovative tech solutions

February 27, 2023

Bank Investors Earn N248.68 billion Amid Naira Scarcity Caused By CBN’s Policy

Business·Insights

Top 5 Revenue-generating Nigerian Banks – Access, Zenith, UBA, FBN’s Market Share

The top five revenue-generating banks in the financial industry reported a combined N2.23 trillion turnover within the first nine months of 2022. According to the 2022 Nine-Month period financial statements of the firms analysed by Prime Business Africa, it was gathered that

February 27, 2023

Nigeria's September Oil Production Hits 1.5 Million Barrels, Bolsters OPEC Output

Business·Oil & Gas

Nigerian Oil Firm, Eroton, Accuses Sahara Of Using Unknown Gunmen To Takeover Oilfield

Oil firm, Eroton Exploration and Production Company, said the Joint Venture (JV) partner in Oil Mining Licence (OML) 18 oilfield in Niger Delta, Sahara, used unknown armed men to displace some of its staff. Eroton said the unknown gunmen gained entry into

February 27, 2023

AMA News·Business

Aleph Hospitality To Develop And Operate Fauchon-Branded Hotels In The Middle East And Africa

The Dubai-based independent hotel management company has signed an exclusive agreement with Fauchon Hospitality to grow and operate the legendary brand’s luxury hotel portfolio in the Middle East and Africa The teams from Aleph Hospitality and Fauchon Hospitality in front of Fauchon

February 27, 2023

AMA News·Business

Equity-based Crowdfunding Platform, GoGetta Showcases First Vetted African Businesses Beyond SA

Sthembiso Zwane, Co-founder of GoGetta JOHANNESBURG, South Africa, 27 February 2023 -/African Media Agency(AMA)/- Innovative equity crowdfunding platform GoGetta has listed its first two businesses outside of South Africa. Scorefam is a sports gaming business which makes it easy for betting fans to deposit and

February 27, 2023

Business·Currency·Opinion

Time To Reintroduce Coins

Who remembers the last time he or she held, had and used the coin as a means of exchange in Nigeria? It is a very interesting and serious question. How many of our youths today can tell a story about the Nigerian

February 26, 2023

Business

Market Women, Small Businesses Sacrifice Earnings For Obi, Atiku, Tinubu

“So Alagbole can be this dry,” is what a customer said out loud on Saturday afternoon when she visited the Alagbole market, hoping to make a purchase. Alagbole bus-stop, located in the area of Ifo Local Government, Ogun State, is a congested

February 25, 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 548

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

Updated: Over N206.57 billion Gained By Nigerian Stock Investors In One Day

Cost Of Dollar Falls In Black Market, Investors Trade More USD

Bill Gates Splashes $939.8 million On Beer Stock, Now Worth $105.5 billion

Viva Technology and the International Finance Corporation (IFC) are delighted to announce the launch of the second edition of the AfricaTech Awards.

Top 5 Revenue-generating Nigerian Banks – Access, Zenith, UBA, FBN’s Market Share

Nigerian Oil Firm, Eroton, Accuses Sahara Of Using Unknown Gunmen To Takeover Oilfield

Aleph Hospitality To Develop And Operate Fauchon-Branded Hotels In The Middle East And Africa

Equity-based Crowdfunding Platform, GoGetta Showcases First Vetted African Businesses Beyond SA

Time To Reintroduce Coins

Market Women, Small Businesses Sacrifice Earnings For Obi, Atiku, Tinubu

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

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

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

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

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Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

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

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