Business - Page 607

FG Suspends Nigeria’s Accountant-General Over Alleged N80bn Fraud

Federal Government has indefinitely suspended the Accountant General of the Federation, Ahmed Idris, over alleged N80 billion fraud. Prime Business Africa learnt that Idris was suspended by the Minister of Finance, Budget

PBA Reporter

May 18, 2022

Business·News·Sports

Financial Technology Company Signs Three-year Deal With NPFL

A leading financial technology company, Bitnob Technologies has penned a sponsorship deal with the Nigeria Professional Football League for the development of the top flight league in Nigeria.

Izuchukwu Okosi

May 18, 2022

Nigerian Gov’t Spends N96 Out Of Every N100 To Pay Debt - World Bank Says, Reveals Impact

Business

Nigeria’s Diasporan Remittances To Increase Over Rising Food Prices – World Bank

Nigeria’s Diaspora remittance inflow, according to the World Bank, will increase to $29bn in 2022 because of higher food prices and the continued adoption of official bank channels. The lobal bank explained

PBA Reporter

May 18, 2022

Business

NERC Says No Hike In Electricity Tariffs

The Nigerian Electricity Regulatory Commission (NERC) has claimed that there is no hike in electricity tariffs. The electricity market regulator made this known in a statement titled ‘Notice of Compliance in Respect

PBA Reporter

May 18, 2022

REVEALED: Why UK, EU Countries, Others Reject Food, Drug Exports From Nigeria

Business

Nigeria’s Q1 Trade Deficit Rose By 175%, Hit $764m – Report

The value of Nigeria’s international trade deficit, according to data from the Central Bank of Nigeria, rose by 175.13 per cent from $152.94m in January 2022 to $420.79m in March 2022. Prime

PBA Reporter

May 18, 2022

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business

ABCON To CBN: Create Special FX Trading Window For BDCs

The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to establish BDCs’ autonomous foreign exchange trading window (BAFEX) with a determined maximum daily

PBA Reporter

May 16, 2022

Nigeria's Inflation Rate Increases To 26.72%, AS Food Prices Soars

Business

Nigeria’s Inflation Rate Hits 8-Month High At 16.82%

The consumer price index, which measures the rate of increase in the price of goods and services, climbed to 16.82 per cent in April 2022, on the back of surging food and gas

PBA Reporter

May 16, 2022

Business

Nine Banks’ Non-Performing Loans Hit N814bn

Aggregate Non-Performing Loans of nine banks, according to the data obtained by Prime Business Africa, increased to N814.08bn in 2021, representing a 3.16 per cent increase from the N789.14bn reported in 2020.

PBA Reporter

May 16, 2022

Business·News

MTN, Airtel Subscribers Spent N615.08bn On Calls, Data In Q1 2022

There has been increase in voice and data usage as data from financial statements of two telecommunication giants, MTN Nigeria Communications Plc and Airtel Nigeria revealed that their subscribers spent about N615.08bn

Victor Ezeja

May 16, 2022

Business

Twitter Deal Temporarily On Hold – Elon Musk

Elon Musk, the billionaire founder of Tesla Inc. and the world’s richest person, has suspended his planned $44 billion to purchase Twitter. Musk who disclosed this in a tweet on Friday said

PBA Reporter

May 13, 2022

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Business - Page 607

FG Suspends Nigeria’s Accountant-General Over Alleged N80bn Fraud

Financial Technology Company Signs Three-year Deal With NPFL

Nigeria’s Diasporan Remittances To Increase Over Rising Food Prices – World Bank

NERC Says No Hike In Electricity Tariffs

Nigeria’s Q1 Trade Deficit Rose By 175%, Hit $764m – Report

ABCON To CBN: Create Special FX Trading Window For BDCs

Nigeria’s Inflation Rate Hits 8-Month High At 16.82%

Nine Banks’ Non-Performing Loans Hit N814bn

MTN, Airtel Subscribers Spent N615.08bn On Calls, Data In Q1 2022

Twitter Deal Temporarily On Hold – Elon Musk

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