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Business - Page 552

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

AMA News·Business

Four money transfer scams to beware of in Cameroon in 2023

By Imane Charioui, Director of Francophone Africa, WorldRemit YAOUNDE, Cameroon, 20 February, 2023,-/African Media Agency (AMA)/- The rapid growth of mobile money technology has disrupted the financial sector in Sub-Saharan Africa, fuelling social-economic transformation in many countries and the growth has provided considerable

February 20, 2023

Business·News

Edo, UK Seal Deal To Promote Transparency In Public-private Project Execution

Edo State Government has entered a new partnership with the United Kingdom Nigeria Infrastructure Advisory Facility (UKNIAF), a development partner to build a Public Private Partnership (PPP) framework that fosters transparency in PPP project transactions in the state. The partnership was signed

February 20, 2023

Business

Bank CEOs Meet Over Old Naira Deadline

The Chief Executive Officers of Nigerian Deposit Money Banks (DMBs) met amid confusion over deposits of old N200, N500 and N1,000 notes. Prime Business Africa previously reported on Friday, 17 February 2023, that the Central Bank of Nigeria (CBN) denied authorising banks

February 20, 2023

Atiku Highlights Why Nigeria’s 2025 Budget Is Unsustainable

Business

Atiku Withdraws Support Over CBN’s Handling Of Old Naira Notes

The presidential candidate of the Peoples’ Democratic Party (PDP), Atiku Abubakar, has began to sing a different tone as regards the deadline the Central Bank of Nigeria (CBN) chose to phase out the old Naira notes. Atiku had supported the 10 February

February 20, 2023

Failure To Scrap Fuel Subsidy, Cash Shortage Major Fiscal Risk To Nigeria’s Economy - FocusEconomics

Business

I’m Aware Of Current Hardship – Buhari Speaks On His Crisis-Induced Policies

President Muhammadu Buhari said he is aware that his policies have caused hardship for Nigerians and his administration is working on appropriate measures to ease the suffering. Buhari, in a video recording sent from Addis Ababa, Ethiopia, on Sunday, to support Bola

February 20, 2023

Business·News·Top Stories

FBN Holdings Debunks Fake News, Seeks Arrests On Purported ‘N400 Billion EFCC Recovery’

FBN Holdings has called on security agencies to fish out authors of fake report purporting that its management released N400 billion new notes to the Presidential candidate of the All Progressives Congress (APC), Bola Ahmed Tinubu, as Nigerians reel under the weight

February 20, 2023

Business·News·Transport

Nigeria Air: Ethiopian Airlines Chairman Meets Buhari, Gives Fresh Conditions

President Muhammadu Buhari on Sunday in Addis Ababa met with Girma Wake, Ethiopian Airlines Board Chairman, during which they exchanged views on how to operationalize the troubled national carrier – Nigeria Air. The national carrier project has been in abeyance, following series

February 20, 2023

Business·Top Stories

CBN Ratifies Indian Director For Sterling Bank

The Central Bank of Nigeria (CBN) has approved Sterling Bank’s appointment of India’s Manish Singhal as non-executive director to its Board. The bank announced the apex bank’s ratification in a statement at the weekend. Banks are required by law to obtain regulatory

February 19, 2023

Business·News

Transcorp Hotels Appoints New Non-Executive Director

Transcorp Hotels Plc has appointed Udechukwu Obi Osakwe as a non-executive director, effective 17th February 2023, subject to the approval of shareholders. Osakwe’s appointment comes following the retirement of Mr Alexander Adeyemi from the Board after serving for close to four years.

February 18, 2023

Edo Train Attack: Residents Hail Obaseki, Security Agencies For Deploying Tech In Rescue Of Hostages

Business·News

Edo Disburses N703m To 1,681 MSMEs

Edo State Government has disbursed a total of N703.6 million (N703,678,950) to 1,681 Micro Small and Medium Enterprises (MSMEs) in the state under the Edo MSME Fund scheme. Project Manager, Edo State MSME Fund, Joseph Ojoboh, who disclosed this in a chat

February 18, 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 552

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

Four money transfer scams to beware of in Cameroon in 2023

Edo, UK Seal Deal To Promote Transparency In Public-private Project Execution

Bank CEOs Meet Over Old Naira Deadline

Atiku Withdraws Support Over CBN’s Handling Of Old Naira Notes

I’m Aware Of Current Hardship – Buhari Speaks On His Crisis-Induced Policies

FBN Holdings Debunks Fake News, Seeks Arrests On Purported ‘N400 Billion EFCC Recovery’

Nigeria Air: Ethiopian Airlines Chairman Meets Buhari, Gives Fresh Conditions

CBN Ratifies Indian Director For Sterling Bank

Transcorp Hotels Appoints New Non-Executive Director

Edo Disburses N703m To 1,681 MSMEs

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