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Business - Page 561

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

Business

NACCIMA DG Says Printing N5,000 Notes Better, Faults Emefiele’s Naira Redesign Policy

The Director-General of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), Sola Obadimu, has suggested that the introduction of N5,000 notes would have prevented the Naira policy debacle. Obadimu argued that if he was the Governor of the

February 7, 2023

AMA News·Business

Mama Money and TNM partner for money transfers to Malawi

The partnership allows for affordable money transfers from South Africa using the Mama Money app to TNM Mpamba accounts in Malawi Nicolas Vonthron, CEO, Mama Money CAPE TOWN, South Africa, 7 February 2023 -/African Media Agency(AMA)/- Mama Money, a fintech that offers cross-border money transfers

February 7, 2023

Business·Oil & Gas

Ardova Investors To Earn N16.8 billion, As Billionaire Plans Takeover

Ignite Investments & Commodities Limited has informed Ardova investors that the majority shareholder is willing to buy their stake for N17.38 per share to take the company private. In a statement dated 6 February 2023, Ardova said Ignite Investments has made its

February 7, 2023

2023 Elections·Business·News

Naira Scarcity: Bankers In Viral Video Flee Angry Customers Through Back Fence

Bankers in Delta State took turns to scale the bank fence to flee attacks after customers showed readiness to violently protest naira scarcity and failure to facilitate over-the-counter and electronic cash withdrawals. A viral video believed to have been taken in Delta

February 7, 2023

Business·News·Sports

Man City Faces Points Deduction, Expulsion Over Financial Irregularities

Premier League champions, Manchester City on Monday were charged with over 100 breaches of regulations by the Football Association and could face points deductions or expulsion from the Premier League

February 6, 2023

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

Business

Court Stops CBN From Extending Old Naira Use Beyond February 10 Deadline

The Federal Capital Territory (FCT) High Court at Wuse Zone 2, Abuja, has ordered the Central Bank of Nigeria (CBN) to maintain the 10th February deadline for phasing out the old,₦1,000, ₦500 and ₦200 banknotes. The court also barred President Muhammadu Buhari

February 6, 2023

Business·News·Top Stories

Naira Scarcity In Edo: Special Task Force For Shylock POS Agents

There will soon be a special task force for shylock Point of Sale (POS) operators in Edo State, according to Governor Godwin Obaseki. As was the case with his move against land grabbers, the Edo State governor said his administration will set

February 6, 2023

Business·Markets

Equity Investors Make N90 billion, As Stock Market Closes High

Nigerian stock exchange closed with N90 billion gain on Monday, 6 February 2023, as the market capitalisation increased from N29.52 trillion to N29.61 trillion. The All-Share Index gained 154.65 basis points on Monday to rise from 54,213.09 ASI to 54,367.74 ASI. Investors traded N4.79 billion for

February 6, 2023

KPMG Makes Naira Projection After Foreign Capital Importation Drops To $1.06 billion

Business

Nigerians Divided Over Who To Blame For CBN’s Naira Redesign Crisis

Nigerians are divided over who to blame for the crisis that has erupted from the transition from the old Naira to the redesigned banknotes. Prime Business Africa reported that Nigerians are stripping themselves in banking halls and protesting against banks due to

February 6, 2023

Business·Oil & Gas

Peter Obi Says Oil Industry Can Reduce Sufferings Of Nigerians, Reveals How

The Labor Party’s presidential candidate, Peter Obi, has revealed the oil industry can aid in reducing the suffering of Nigerians. Obi said ensuring Nigeria is dependent on local refineries will reduce the negative impact of fuel scarcity and the high cost of

February 6, 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 561

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

NACCIMA DG Says Printing N5,000 Notes Better, Faults Emefiele’s Naira Redesign Policy

Mama Money and TNM partner for money transfers to Malawi

Ardova Investors To Earn N16.8 billion, As Billionaire Plans Takeover

Naira Scarcity: Bankers In Viral Video Flee Angry Customers Through Back Fence

Man City Faces Points Deduction, Expulsion Over Financial Irregularities

Court Stops CBN From Extending Old Naira Use Beyond February 10 Deadline

Naira Scarcity In Edo: Special Task Force For Shylock POS Agents

Equity Investors Make N90 billion, As Stock Market Closes High

Nigerians Divided Over Who To Blame For CBN’s Naira Redesign Crisis

Peter Obi Says Oil Industry Can Reduce Sufferings Of Nigerians, Reveals How

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

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

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

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Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

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

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

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