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Business - Page 549

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

The Federal Government of Nigeria has issued its debut bond under the Presidential Power Sector Debt Reduction Programme, raising N590 billion to settle verified arrears owed to power generation companies and gas suppliers. The bond, guaranteed by the full faith and credit

December 21, 2025

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Currency

Naira Gains Against Dollar Amid N900 Exchange Rate Projection

The exchange rate between the Dollar and the Naira depreciated by –0.05 per cent on Thursday, 23 February 2023, the FMDQ Securities disclosed. According to data obtained from FMDQ, which monitors the dollar rate in the official market, it was noted that

February 24, 2023

Business·Oil & Gas

Cooking Gas Price In Nigeria Rose By 38.63%, New NBS Report Reveals

The price of 12.5kg cooking gas jumped by 38.63 per cent year-on-year, rising to N10,277.17 in January 2023, from N7,413.25 recorded the same month last year. On a month-on-month basis, the retail price rose by 0.28 per cent, hitting N10,277.17 in January

February 24, 2023

Business·Currency·Top Stories

CBN Thinks eNaira For $800m Cash Transfer Scheme In 2023

The Central Bank of Nigeria (CBN) has proposed that the 2023 cash transfer scheme under the National Safety Net Programme Scale Up should deploy the eNaira as vehicle. This will further entrench the CBN’s cashless policy. The National Social Safety Net Programme

February 24, 2023

Business·Technology·Top Stories

Hosting Webinars Can Drive Growth And Success For Your Business

With the shift to remote work and virtual events, businesses have had to adapt to new ways of reaching and engaging their audience. One strategy that’s proven effective in recent times is hosting webinars. Here are some of the top benefits of

February 24, 2023

AMA News·Business

OPPO unveils new 6G white paper examining the future of world mobility

The close integration of 6G and AI technologies represent a key direction in the future of 6G development, transforming the role of communications networks from “connection” to “convergence”. OPPO’s proposed “versatile 6G system with minimized kernel” aims to help build the future

February 24, 2023

GTCO, First Bank Fail To Make Top Five Performing Nigerian Bank Stocks In H1

Business

Zenith Bank, FCMB, Polaris Bank Set Different Closing Hours Over Presidential Election

Nigerian commercial banks are closing early on Friday due to the Presidential election scheduled to hold on Saturday, various statements have shown. The Deposits Money Banks (DMBs) sent electronic messages to their account holders via SMS, email and their social media platforms.

February 24, 2023

Business·Insights·Technology·Top Stories

Basic Tips To Protect Your Accounts

SIM Lock Phone lock is no security at all; Lock your SIM in your phone settings. Use a scrambled password like 5131, 2864 (not 1234 or 1111). In the event of phone theft, fraudsters cannot use your sim to transfer, collect loan

February 24, 2023

More Calls For Air Peace To Be Designated A Flag Carrier As Airline Increases Routes

Business

Election: Air Peace Suspends Flight, Customers To Earn Points For Tickets

Nigeria’s largest carrier, Air Peace, has disclosed that it will suspend flight operations due to the Presidential and National Assembly Elections. Air Peace in a statement published via its official Instagram handle, said the operation will be suspended on Saturday, 25 February

February 23, 2023

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Business·Markets

Stock Market Cap Hits N29.76 trillion, As Investors Make N180.22 billion

Nigerian Exchange Limited (NGX) ended trading with N180.22 billion gain on Thursday, 23 February 2023, as the market capitalisation grew from N29.58 trillion to N29.76 trillion. The All-Share Index closed at 54,646.38 ASI, after gaining 330.85 basis points, which increased the index from the 54,315.53

February 23, 2023

Femi Otedola Issues New Statement After Reports Of Transcorp Plc Acquisition

Business

Femi Otedola Sells 5% Of Geregu Power To Africa’s Supranational Bank

Africa Export and Import Bank (Afreximbank), a supranational bank, has acquired a five per cent stake in the electricity-generating firm, Geregu Power Plc, owned by Femi Otedola. According to a document released dated February 21, 2023, Africa Export and Import Bank bought

February 23, 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 549

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

Naira Gains Against Dollar Amid N900 Exchange Rate Projection

Cooking Gas Price In Nigeria Rose By 38.63%, New NBS Report Reveals

CBN Thinks eNaira For $800m Cash Transfer Scheme In 2023

Hosting Webinars Can Drive Growth And Success For Your Business

OPPO unveils new 6G white paper examining the future of world mobility

Zenith Bank, FCMB, Polaris Bank Set Different Closing Hours Over Presidential Election

Basic Tips To Protect Your Accounts

Election: Air Peace Suspends Flight, Customers To Earn Points For Tickets

Stock Market Cap Hits N29.76 trillion, As Investors Make N180.22 billion

Femi Otedola Sells 5% Of Geregu Power To Africa’s Supranational Bank

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