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Business - Page 565

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

Geregu, Veritas, Other Shareholders Pocket N44.03 billion As Bourse Rises By 0.15%

Nigerian bourse rose by 0.15 per cent on Tuesday, 31, January 2023, adding N44.03 billion to the stock market capitalisation. It lifted the equity valuation up from N28.95 trillion to N28.99 trillion. This was reflected in the All-Share Index which closed at 53,238.67

January 31, 2023

2023 Elections·AMA News·Business

Safeguarding democracy: why digital transformation of the electoral process is critical

by Titilayo Adewumi, Managing Director at SAP West Africa LAGOS, Nigeria, 31 January 2023 -/African Media Agency(AMA)/- As Africa’s largest democracy gears up for its hotly contested elections, the question of technology’s role in enhancing the voting process is once again in the spotlight.

January 31, 2023

MTN Nigeria Borrows N125 billion For Operation Amid Musk’s Starlink Threat

Business

MTN Reacts, As Nigerians Criticise Network After Elon Musk’s Starlink Announcement

MTN Nigeria has been busy trying to pacify its data subscribers after the network firm owned by Elon Musk, Starlink, announced its presence in Nigeria on Tuesday, 31, January 2023. Starlink has been in discussion with the representatives of the Nigerian Communications

January 31, 2023

Business

CBN Act Prevents Banks From Rejecting Old Naira After Deadline, Emefiele Meets Reps

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said commercial banks will continue to receive the old Naira notes after the deadline on 10, February 2023. Emefiele said the CBN Act mandates the financial regulator to accept a

January 31, 2023

Business·Currency

Video: New Naira Scarcity Forces Nigerians To Fight At ATMs

The biting scarcity of the new naira notes, worsened by the deadline set by the Central Bank of Nigeria (CBN), has forced Nigerians to fight at the Automated Teller Machine point in a bank as they struggle to withdraw money. The naira

January 31, 2023

Business

CPPE’s Muda Yusuf Tackles CBN’s Emefiele Over Naira In Circulation Claim

The founder of the Centre for the Promotion of Private Enterprise (CPPE), Muda Yusuf, has revealed that contrary to the statement of the Central Bank of Nigeria (CBN), cash is not supposed to be inside commercial banks. Recall that the CBN Governor,

January 31, 2023

CPPE Highlights Why Nigerian Govt Should Review Customs FX Rate For Cargo Clearance

Business

Old Naira: Expert, Muda Yusuf, Compares UK, CBN’s Currency Transition, Obstacles

The former Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Muda Yusuf, said on Monday, 30, January 2023, that the two months timeframe for the old Naira to cease being a legal tender is too short considering some factors. Dr

January 30, 2023

Business

Old Naira: How CBN’s Deadline Is Disrupting Ecowas Regional Trade – Dr. Muda Yusuf

The founder of the Centre for the Promotion of Private Enterprise (CPPE), Muda Yusuf, has revealed that the short deadline to phase out the old Naira notes is affecting trade in the Economic Community of West African States (ECOWAS). Speaking at a

January 30, 2023

Business

UBA Appoints Abiola Bawuah As First Female CEO For Africa Operations

The Board of Directors of the United Bank for Africa Plc has appointed Mrs Abiola Bawuah, as Chief Executive Officer (CEO) of the UBA, Africa Operations. This was confirmed in a statement released by the Board on Monday, 30th January 2023. Bawuah

January 30, 2023

Business

Agribusiness, Food Processing, Top Sectors Supported By Edo N2bn MSME Fund

Businesses in the agriculture, food processing, petrochemical and education sectors in Edo State have benefited from the Edo Micro, Small and Medium Enterprises (MSME) Fund. The MSME fund is a credit scheme set up by Governor Godwin Obaseki-led administration to stimulate productivity

January 30, 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 565

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

Geregu, Veritas, Other Shareholders Pocket N44.03 billion As Bourse Rises By 0.15%

Safeguarding democracy: why digital transformation of the electoral process is critical

MTN Reacts, As Nigerians Criticise Network After Elon Musk’s Starlink Announcement

CBN Act Prevents Banks From Rejecting Old Naira After Deadline, Emefiele Meets Reps

Video: New Naira Scarcity Forces Nigerians To Fight At ATMs

CPPE’s Muda Yusuf Tackles CBN’s Emefiele Over Naira In Circulation Claim

Old Naira: Expert, Muda Yusuf, Compares UK, CBN’s Currency Transition, Obstacles

Old Naira: How CBN’s Deadline Is Disrupting Ecowas Regional Trade – Dr. Muda Yusuf

UBA Appoints Abiola Bawuah As First Female CEO For Africa Operations

Agribusiness, Food Processing, Top Sectors Supported By Edo N2bn MSME Fund

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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

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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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