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Business - Page 563

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

Finance Minister Criticises Moody’s Over Downgrade Rating

The Minister of Finance, Zainab Ahmed, has played down the importance of Moody’s downgrade after the rating agency rated the country’s credit status as a Caa1. Nigeria’s credit rating was B3 before Moody’s downgraded the status to Caa1 citing a weak business

February 3, 2023

DSS warns Against Breakdown Of Law, Order After March 18 Polls

Business·Oil & Gas

DSS To Track Cross-border Fuel Smuggling, As 270 Filling Stations Shut Down

The Federal Government shut down over 270 filling stations amid scarcity of Premium Motor Spirit (PMS) and a hike in pump prices across several retailers. According to the government on Thursday, the petrol stations shut down were clamped down on for inflating

February 3, 2023

Business·News

Naira Redesign: Fidelity Bank Assures Customers Of Cash Payment

The management of Fidelity Bank Plc has assured customers of cash payment across all its branches nationwide. Head of Corporate Communication of the bank, Dr. Meksley Nwagboh, said this in a statement issued by the bank Thursday. He said: “Our customers can

February 3, 2023

Business·News·Sports

Martinelli Signs New Arsenal Contract Until 2027; Saka, Saliba Next To Extend Deals

Arsenal forward Gabriel Martinelli on Thursday put pen to paper on a new contract at Arsenal taking his stay at the club to the summer of 2027. The Gunners are expected to imminently announce the extension of the Brazilian's contract with the

February 2, 2023

Business

Finance Minister Likens Hardship Caused By Old Naira Deadline To Injury

The Minister of Finance, Zainab Ahmed, has described the current distress experienced by Nigerians due to the unavailability of the redesigned Naira as a sore that would eventually be cured. Ahmed said the Federal Government is worried about the struggle among Nigerians

February 2, 2023

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

Business·Markets

MRS Leads Gainers’ List, Sunu Tops Losers, As Stock Investors Gain N271.49 billion

Nigerian bourse closed above the N29.13 trillion market capitalisation reported on Wednesday, 1, February 2023, as it gained N271.49 billion during trading on Thursday, 2, February, 2023, to rise to N29.41 trillion. Also, the All-Share Index appreciated by 498.44 basis points from 53,499.68 ASI

February 2, 2023

Call CBN to arrest POS agents selling naira notes

Business

Old Naira: PoS Operators, Market Women Risk Jail Term, As CBN Threatens Arrest

The Godwin Emefiele-led Central Bank of Nigeria (CBN) has warned that the financial regulator will start arresting persons selling the Naira notes. In a circular released on Thursday, 2, February 2023, the central bank said it learnt that persons are hawking and

February 2, 2023

Business

CBN Sets Limit For GTBank, Zenith Bank, Others On New Naira Withdrawal

The Central Bank of Nigeria (CBN) has instructed Guaranty Trust Bank (GTBank), Zenith Bank, and other commercial banks to start distributing the redesigned Naira notes over the counter. Recall that the central bank had halted the withdrawal of the new Naira notes

February 2, 2023

Business

Moody’s Says Its Highly Risky To Invest In GTBank, Fidelity Bank, 7 Others

Guaranty Trust Bank (GTBank), Access Bank Plc, First Bank of Nigeria (FBN) and six other commercial banks have been downgraded by the international rating agency, Moody’s. Moody’s, which assesses investment risk in countries and companies, said it has downgraded the investment or

February 2, 2023

Business·News·Sports

Enzo Fernandez Arrives London, Unveiled By Chelsea

Chelsea's new record signing, Enzo Fernandez on Wednesday evening arrived at the club's training ground ahead of his unveiling following his £106.8m acquisition from Portuguese side, Benfica

February 1, 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 563

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

Finance Minister Criticises Moody’s Over Downgrade Rating

DSS To Track Cross-border Fuel Smuggling, As 270 Filling Stations Shut Down

Naira Redesign: Fidelity Bank Assures Customers Of Cash Payment

Martinelli Signs New Arsenal Contract Until 2027; Saka, Saliba Next To Extend Deals

Finance Minister Likens Hardship Caused By Old Naira Deadline To Injury

MRS Leads Gainers’ List, Sunu Tops Losers, As Stock Investors Gain N271.49 billion

Old Naira: PoS Operators, Market Women Risk Jail Term, As CBN Threatens Arrest

CBN Sets Limit For GTBank, Zenith Bank, Others On New Naira Withdrawal

Moody’s Says Its Highly Risky To Invest In GTBank, Fidelity Bank, 7 Others

Enzo Fernandez Arrives London, Unveiled By Chelsea

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

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

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

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