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Business - Page 564

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·Markets

Guinness, Ardova Shareholders Report Loss, As Seplat, NAHCO, Others Gain Big

About N142.16 billion was gained in the Nigerian stock market on Wednesday, 1, February 2023, after the bourse’s equity capitalisation rose from N28.99 trillion to N29.13 trillion. Similarly, the All-Share Index rose from 53,238.67 ASI to 53,499.68 ASI, rising by 261.01 basis

February 1, 2023

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Currency

Dollar Rate Falls By 0.80% In Bureau De Change Window

The exchange rate depreciated in the Bureau De Change window of the black market on Wednesday, 1, February 2023, after the Central Bank of Nigeria (CBN) confirmed banks will continue to receive old Naira after the phase-out deadline. Naira appreciated by 0.80

February 1, 2023

The Nigeria Ports Authority (NPA), the Nigeria Customs Service (NCS) and three other agencies have been accused of illegal auction of Federal Government properties.

Business

Pres. Buhari’s Request To Restructure CBN Loan Suspended Again

The House of Representatives has stated that it will not restructure some of the loans obtained by President Muhammadu Buhari from the Central Bank of Nigeria (CBN) until more information has been provided. President Buhari obtained the loan under the CBN’s ‘Ways

February 1, 2023

Business

Nigeria’s GDP At Risk, As Transition From Old Naira To New Affects 2 Major Sectors

The founder of the Centre for the Promotion of Private Enterprise (CPPE), Muda Yusuf, said sectors driven by cash are struggling with the transition from old Naira notes to redesigned banknotes. Yusuf identified the distributive trade sector and the agricultural sector as two

February 1, 2023

Concerns For Nigeria's Oil Market As Over 60 Million Barrels Remain Unsold

Business·Oil & Gas

Oil Price Rises, As Nigeria’s Failure To Meet Quota Drags OPEC Output Down

Despite Nigeria claiming the spot of the largest crude oil producer in Africa, it failed to meet its quota in January 2023, as agreed with members of Organisation of the Petroleum Exporting Countries (OPEC). On the back of the report that OPEC’s

February 1, 2023

Business·News·Sports

Southampton Signs Onuachu On Three-and- Half Year Deal

Premier league struggles, Southampton in the early hours of Wednesday morning confirmed the signing of Nigeria international, Paul Onuachu from Belgian side, Genk.

February 1, 2023

Business·News·Sports

Chelsea, Benfica Agree £105m British Transfer Record For Enzo Fernandez

Chelsea late Tuesday night reached an agreement to sign Benfica midfielder Enzo Fernandez for a British transfer record of £105.4million.

February 1, 2023

Business·News·Sports

Arsenal Signs £12m Jorginho From Chelsea On 18-month Deal

Arsenal on Tuesday evening confirmed the signing of Italy international midfielder, Jorginho from Premier League rivals, Chelsea. Jorginho has signed an 18-month deal until the summer of 2024 at the Emirates with the option of a year’s extension into 2025. The Gunners

January 31, 2023

Business·News·Sports

Inter Milan Signs Remo Stars’ Prodigy, Akinsanmiro, On Deadline Day

Nigeria Premier Football League side, Remo Stars have confirmed the sale of midfielder, Ebenezer Akinsanmiro to Italian Serie A giants, Inter Milan.

January 31, 2023

Naira Opens Week With Gain Across FX Markets

Business·Currency

Naira Gains Against Dollar, As Exchange Rate Falls In Black Market, Official Window

The exchange rate between the Naira and the United States Dollar (USD) depreciated on Monday, 30, January, 2023, on the back of a stronger local currency. According to the exchange rate data obtained from the FMDQ Exchange, it was learnt that the

January 31, 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 564

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

Guinness, Ardova Shareholders Report Loss, As Seplat, NAHCO, Others Gain Big

Dollar Rate Falls By 0.80% In Bureau De Change Window

Pres. Buhari’s Request To Restructure CBN Loan Suspended Again

Nigeria’s GDP At Risk, As Transition From Old Naira To New Affects 2 Major Sectors

Oil Price Rises, As Nigeria’s Failure To Meet Quota Drags OPEC Output Down

Southampton Signs Onuachu On Three-and- Half Year Deal

Chelsea, Benfica Agree £105m British Transfer Record For Enzo Fernandez

Arsenal Signs £12m Jorginho From Chelsea On 18-month Deal

Inter Milan Signs Remo Stars’ Prodigy, Akinsanmiro, On Deadline Day

Naira Gains Against Dollar, As Exchange Rate Falls In Black Market, Official Window

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

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

SAFE IN NIGERIA: Boris Johnson’s Claim and the outrage

Enugu’s BRT Blitz: Modern Roads, Shattered Lives

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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

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

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