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Business - Page 634

First HoldCo, Lasaco Add N244.61bn To Nigerian Stock Market

The Nigerian Exchange Limited (NGX) said the market capitalisation for the stock market increased to N95.52 trillion on Wednesday, December 17, from the N95.28 trillion posted on Tuesday, December 16, representing a N244.61 billion gain. About 383.71 basis points were added to

December 17, 2025

IPMAN Asks FG To Partner With Illegal Refinery Operators In Creeks

Business·Oil & Gas

NNPC Boss, Mele Kyari, Says Churches, Mosques Involved In Crude Oil Theft

Religious leaders in Nigeria have been accused by the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, of aiding oil pipeline vandalism. Kyari said there’s a network of vandals operating against oil companies, as well as

August 31, 2022

Finance Minister Likens Hardship Caused By Old Naira Deadline To Injury

Business

Nigerian Gov’t Eyes N8.46 trillion Revenue for 2023, Finance Minister Defends Debt

Nigeria’s Minister of Finance, Budget and National Planning, Zainab Ahmed, said the Federal Government has projected generating N8.46 trillion revenue for 2023, with oil accounting for 22.4% of the earnings. According to Ahmed, oil-related sources will generate N1.9 trillion, while the federal

August 31, 2022

Business·Markets

ETranzact Lead Gainers, Courtville Top Gainers, As Nigerian Stock Market Crashes

Over N18.3 billion was lost on Tuesday after the Nigerian bourse dip -0.06%. The slump sent the market capitalisation down from N26.79 trillion to N26.77 trillion. Nigerian stock market depreciated following a 34.06 basis points loss in the All-Share Index. The ASI

August 30, 2022

AMA News·Business

George Asamani appointed MD, Sub-Saharan Africa, Project Management Institute

George Asamani, Managing Director, PMI Sub-Saharan Africa JOHANNESBURG, South Africa, 30 August 2022 -/African Media Agency(AMA)/- Project Management Institute (PMI), the world’s leading association for project professionals, announced today that George Asamani has been appointed as the Managing Director for Sub-Saharan Africa.

August 30, 2022

CBN Fines Union Bank N200 million For Cryptocurrency Trading

Business

Fidelity Bank Acquires Union Bank UK On CBN Approval

The Central Bank of Nigeria (CBN) has approved the acquisition of Union Bank’s UK subsidiary by Fidelity Bank, a statement obtained from the Nigerian Exchange Limited (NGX) on Tuesday disclosed. Fidelity Bank’s Managing Director and Chief Executive Officer, Nneka Onyeali-lkpe, said the

August 30, 2022

Business·News

Delta Airlines To Stop New-York-Lagos Flights Over Trapped Dollars

Delta Air Lines has announced that it will stop operating flights from New York JFK airport to Lagos, stating that the market environment doesn’t encourage the continuation of the flights. In a statement released by the United States carrier, the company said

August 30, 2022

Business

FG To Borrow N1.8 trillion From Foreign Creditors – Finance Minister, Zainab Ahmed

The Minister of finance, budget and national planning, Zainab Ahmed, says the Federal Government will borrow N9.32 trillion from domestic and foreign creditors to finance 2023 budget deficit. She stated that the federal government will borrow N1.8 trillion from foreign creditors, while the

August 30, 2022

AMA News·Business

Africa fintech and crypto leaders to connect at the Africa

Money and DeFi Summit in Ghana this September ACCRA, Ghana, 30 August 2022 -/African Media Agency(AMA)/- As the rapid growth of fintech continues and the birth of decentralised finance (DeFi) grows across Africa, leading fintechs, investors, crypto platforms, ventures and digital finance stakeholders will connect

August 30, 2022

Business·Insights

Stanbic IBTC’s Olufunke Amobi Part With N5.17 million, As Firm Loses N71.26 billion

Stanbic IBTC Head of Human Capital, Olufunke Amobi, has acquired shares in the financial institution days after the company released an impressive earnings report for the first half of 2022. Amobi acquired 170,000 shares in Stanbic IBTC on August 26, on the

August 30, 2022

Business·News·Sports

West Ham United Unveils Brazil Midfield Maestro Paqueta

West Ham United on Monday evening unveiled Brazilian midfielder Lucas Paqueta after the completion of his medical for record fee of £60m

August 29, 2022

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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

SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

The UK Labour government has expanded its existing sugar tax

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Business - Page 634

First HoldCo, Lasaco Add N244.61bn To Nigerian Stock Market

NNPC Boss, Mele Kyari, Says Churches, Mosques Involved In Crude Oil Theft

Nigerian Gov’t Eyes N8.46 trillion Revenue for 2023, Finance Minister Defends Debt

ETranzact Lead Gainers, Courtville Top Gainers, As Nigerian Stock Market Crashes

George Asamani appointed MD, Sub-Saharan Africa, Project Management Institute

Fidelity Bank Acquires Union Bank UK On CBN Approval

Delta Airlines To Stop New-York-Lagos Flights Over Trapped Dollars

FG To Borrow N1.8 trillion From Foreign Creditors – Finance Minister, Zainab Ahmed

Africa fintech and crypto leaders to connect at the Africa

Stanbic IBTC’s Olufunke Amobi Part With N5.17 million, As Firm Loses N71.26 billion

West Ham United Unveils Brazil Midfield Maestro Paqueta

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UK Targets Sugary Milk Drinks as Government Tightens Health Levy

NOM Demands Immediate Suspension of Tinubu’s New Tax Law, Warns of Worsening Hardship

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