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Business - Page 550

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

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Naira To Dollar Rate To Rise To N900 In Black Market – New Report

Independent tax and business advisory firm, Andersen, has stated that demand pressure will affect the exchange rate in the black market in 2023. The advisory firm said various factors will push up the parallel rate of the Naira to N900/$1, indicating the

February 23, 2023

Naira Float: 40% Of Nigerian Banks May Raise New Equity Capital

Business

Nigerian Banks Address Shutting Down Operation For Presidential Election

Nigerian banks have denied reports that financial institutions plan to shut down operations due to the presidential election holding on Saturday, 25 February 2023. Messages have been circulated through WhatsApp that all banking services, including electronic payment channels, will not be available

February 23, 2023

Business·Markets

Equity Investors Earn N68.76 billion, As Stock Market Recovers

Investors made N68.76 billion on Wednesday, 22 February 2023, after the Nigerian stock market grew by 0.23 per cent. The gain raised the market capitalisation up to N29.58 trillion from N29.51 trillion. Similarly, the All-Share Index appreciated by 126.22 basis points, rising

February 22, 2023

Tax Reform Bill: No Region Will Be Shortchanged, Shehu Sani Tells Northerners

Business

Old Naira Notes: Shehu Sani, Other Nigerians React To Supreme Court Decision

Reactions have began to trail the decision of the Supreme Court to adjourn the final judgement on the deadline of the old Naira notes. Prime Business Africa reported on Wednesday, 22 February 2023, that after hearing arguments from the states and the Federal

February 22, 2023

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

Business

Breaking: Supreme Court Sets March 3 For Final Judgement On CBN’s Naira Redesign Policy

The final Supreme Court judgement on the Naira redesign policy of the Central Bank of Nigeria (CBN) will be delivered on Friday, 3 March 2023. The Supreme Court, led by seven justices, revealed this on Wednesday, 22 February 2023, after they insisted

February 22, 2023

Business

Updated: We Refuse To Be Used As Scapegoat, Supreme Court Says On Old Naira Notes Case

The Supreme Court has stated that it doesn’t want to be used as a scapegoat due to the old Naira notes case brought before it by Kaduna, Kogi and Zamfara, and seven other state Governments. During the hearing on Wednesday morning, 22

February 22, 2023

Pan-Nigerian Aggregation, Not Peter Obi, Defeated Tinubu In Lagos

Business·FEATURES·Insights·Oil & Gas·Top Stories

How Peter Obi, Atiku Or Tinubu Presidential Win Will Affect Fuel Price

With the 2023 Presidential election just three days away, Nigerians should brace up for a significant hike in Premium Motor Spirit (PMS), also known as fuel, if Peter Obi, Bola Tinubu or Atiku Abubakar emerged as the winner. Fuel price as a

February 22, 2023

NGX: Investors Gain N313bn As ASI Rebound By 0.70%

Business·Markets

Stock Market Crashes Amid Political Tension Ahead Presidential Election

As the Presidential election nears, the Nigerian stock market halted Monday’s gain, losing N19.08 billion on Tuesday, 21 February 2023, amid heightened political tension. The loss dragged the market capitalisation down to N29.51 trillion, from N29.53 trillion, indicating jittery among investors. Also, the

February 21, 2023

Business·Currency

Naira Policy: No Presidential Orders To Reissue Old N1,000, N500 Notes – CBN

The Central Bank of Nigeria (CBN) has denied that it received presidential orders to reissue the old N500 and N1000 naira banknotes. The denial was in response to a press release purportedly released by the CBN and circulating on social media, to

February 21, 2023

CBN Asked To Disburse N250 billion To Cushion Subsidy Removal

Business

CBN Begins Door-to-door Delivery Of New Naira Notes After Ganduje Threat

The distribution of the new Naira notes has taken a new turn as the Central Bank of Nigeria (CBN) delivers the cash door-to-door in Kano State. CBN representatives in Kibiya, Rano, and Tundun Wada local government areas in Kano State went to

February 21, 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 550

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

Naira To Dollar Rate To Rise To N900 In Black Market – New Report

Nigerian Banks Address Shutting Down Operation For Presidential Election

Equity Investors Earn N68.76 billion, As Stock Market Recovers

Old Naira Notes: Shehu Sani, Other Nigerians React To Supreme Court Decision

Breaking: Supreme Court Sets March 3 For Final Judgement On CBN’s Naira Redesign Policy

Updated: We Refuse To Be Used As Scapegoat, Supreme Court Says On Old Naira Notes Case

How Peter Obi, Atiku Or Tinubu Presidential Win Will Affect Fuel Price

Stock Market Crashes Amid Political Tension Ahead Presidential Election

Naira Policy: No Presidential Orders To Reissue Old N1,000, N500 Notes – CBN

CBN Begins Door-to-door Delivery Of New Naira Notes After Ganduje Threat

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