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Business - Page 555

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

Buhari's 8years in Office: No Better Way To Squander Goodwill

Business

Buhari Says Old N200 Notes To Remain Legal Till April, Rules Out N500, N1,000 Notes

President Muhammadu Buhari has announced that the old N200 notes will remain legal tenders till 10 April 2023, as he makes changes to the Central Bank of Nigeria’s (CBN) directive to banks. Buhari, in a nationwide broadcast on Thursday, 16 February 2023,

February 16, 2023

Oil & Gas Women Entrepreneurs To Benefit From $40m NCDMB/NEXIM Bank Fund - Wabote

Business·News·Oil & Gas

Local Content: NCDMB Boss Lists Strategies For Regional Collaboration, Signs MoU With Senegal

Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr Simbi Kesiye Wabote, has proposed strategies that would break down barriers and promote cross-border collaboration amongst governments and businesses. The partnership is geared towards strengthening regional collaboration to deepen local content,

February 15, 2023

Naira Scarcity: Angry Warri Youths Attack First Bank, Burn Access Bank

Business·News

Naira Scarcity Protest: Delta Police Arrest 9 Over Attacks On Banks

Officers of the Nigeria Police Force, Delta State Command, have arrested at least 9 suspects in connection with burning of two commercial banks in Warri on Wednesday. Prime Business Africa earlier reported that some angry youths in Warri, Delta State, on Wednesday,

February 15, 2023

Fuel, Bread, Others Push Nigeria's Inflation Rate To 22.41%, NBS CPI Report Shows

Business

Nigeria’s Inflation Rate Hits 21.82%, As Naira Scarcity Disrupts Trade, Hikes Prices

The National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation rate soared to 21.82 per cent in January 2023, as the country struggles with Naira scarcity. According to the latest consumer price index (CPI) released by NBS, the inflation rate closed

February 15, 2023

Business·News

Naira Scarcity: Angry Warri Youths Attack First Bank, Burn Access Bank

A group of angry youths in Warri, Delta State, on Wednesday set an Access Bank branch office ablaze in protest against persisting scarcity of naira notes. A viral video showed protesting youths around the Udu Road axis of Warri, disrupting vehicular movement

February 15, 2023

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

Business

Naira Redesign: Revoke Central Bank Office’s C of O – Shehu Sani To Ganduje

The former Kaduna State lawmaker, Shehu Sani, has reacted to the clampdown on commercial banks by the Kano State government over the Naira redesign policy. Governor Abdullahi Ganduje of Kano state had threatened to revoke the license of commercial banks refusing to

February 15, 2023

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business·News·Top Stories

How Currency, FX Crises Harm Nigerians – Economist Tackles CBN On Food Price Claims

The drop in market prices of some food items is just a fading echo from activities of frustrated cash-hungry Nigerians fighting for survival in response to CBN’s currency and FX crises amid a new naira policy implementation. This sums up the feedback

February 15, 2023

‘Nigerian Students Loan Scheme To Begin In Three Weeks’- Gbajabiamila

Business

Fuel, Naira Scarcity Created To Stop Tinubu From Winning Presidential Election – Gbaja

The Speaker of the House of Representatives, Femi Gbajabiamila, has stated that the recent fuel and Naira scarcity is a ploy against President Muhammadu Buhari and the Presidential candidate of the All Progressive Congress (APC), Bola Tinubu. He made this known at

February 15, 2023

Business

Breaking: S’Court Adjourns Proceedings On CBN’s Naira Policy Till Feb 22

Nigeria’s Supreme Court has adjourned proceedings on the naira swap policy of the Central Bank of Nigeria (CBN) till Wednesday, February 22 for a hearing of the consolidated suits by 10 states. The apex court which heard the case on Wednesday, 8th

February 15, 2023

Business·Insights

The Power of Collaboration in Growth PR: Lessons From MTN, Airtel, 9mobile

It was Valentine’s Day in Nigeria, and the air was filled with love and romance. However, something unexpected happened in the world of telecommunications, as two giant and competing brands, MTN Nigeria and Airtel Nigeria, joined hands to exhibit the power

February 15, 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 555

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

Buhari Says Old N200 Notes To Remain Legal Till April, Rules Out N500, N1,000 Notes

Local Content: NCDMB Boss Lists Strategies For Regional Collaboration, Signs MoU With Senegal

Naira Scarcity Protest: Delta Police Arrest 9 Over Attacks On Banks

Nigeria’s Inflation Rate Hits 21.82%, As Naira Scarcity Disrupts Trade, Hikes Prices

Naira Scarcity: Angry Warri Youths Attack First Bank, Burn Access Bank

Naira Redesign: Revoke Central Bank Office’s C of O – Shehu Sani To Ganduje

How Currency, FX Crises Harm Nigerians – Economist Tackles CBN On Food Price Claims

Fuel, Naira Scarcity Created To Stop Tinubu From Winning Presidential Election – Gbaja

Breaking: S’Court Adjourns Proceedings On CBN’s Naira Policy Till Feb 22

The Power of Collaboration in Growth PR: Lessons From MTN, Airtel, 9mobile

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Fire Hits FIRS Office Amid Tax Law Discrepancy Concerns

PayPal’s Nigeria Re-Entry Raises Hard Questions About Inclusion, Accountability, Market Power

Former Delta North Senator Peter Nwaoboshi Dies After Sudden Collapse in Abuja

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

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

Dollar Trades Flat In Black Market, Appreciates In Official Window

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

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

Fire Hits FIRS Office Amid Tax Law Discrepancy Concerns

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