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Business - Page 649

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Exchange Rates For Dollar Increase Across Parallel, Official Markets

In the black market on Thursday, December 18, the naira depreciated against the United States dollar (USD) by 0.13 percent to N1,489.01/$1, from the N1,487.01/$1 reported on Wednesday, December 17. According to Naira Rates data, while the foreign exchange (FX) rate for

December 18, 2025

Business·News·Sports

Aston Villa, Chelsea Agree Deal For Chukwuemeka

Chelsea on Tuesday evening confirmed the imminent signing of Anglo-Nigerian midfielder Carney Chukwuemeka from Aston Villa reports Prime Business Africa

August 2, 2022

Business·Insights

Ecobank Shareholders Lose N34.86 billion, As Cameroonian Billionaire Buys Lender’s Assets

Alain Nkontchou, a Cameroonian billionaire, has purchased shares from Ecobank Transnational Incorporated (ETI) amid a period the company’s shareholders are losing part of their investment. According to document obtained from the capital market authority, Nigerian Exchange Limited (NGX), and published on July

August 2, 2022

AMA News·Business

New Data Shows Migrants Changing Behaviours to Maintain Financial Obligations to Family Overseas as Inflation Rises

Globally, 78% of remittance senders agree that the cost of living has increased for themselves 75% of respondents said that the costs of living for those they send money to has increased since the start of the year Daily expenses, healthcare and

August 2, 2022

Business·Technology

Ghanaian Government Probing Flutterwave’s Operation, Financial Records

Nigerian payment company, Flutterwave, is being probed by Ghanaian government, days after Kenyan authority filed a lawsuit against the tech unicorn over card fraud and other financial infractions. In a letter dated July 13, 2022, the Bank of Ghana mandated financial institutions

August 2, 2022

Business·Oil & Gas

Seplat Energy To Operate New Export Route After Revenue Loss To Vandalism

Seplat Energy has commenced transportation of crude through the new Amukpe-Escravos pipeline in Niger Delta, as the oil and gas company looks to reduce it dependence on Trans Forcados System. The firm had previously been using the Trans Forcados System as route

August 2, 2022

Business

Nigerian Palm Oil Maker, Okomu Oil, Makes N40.8 billion In Six Months, To Pay Shareholders Dividends

The management of Okomu Oil Palm have agreed to pay shareholders an interim dividend of N7 per 50 kobo ordinary shares after the company reported significant growth in profit and revenue. Okomu Oil’s decision to pay out dividend was driven by 72.5%

August 2, 2022

Business·News·Sports

Former Arsenal Midfielder Set To Join French Club On Free Transfer

Former Arsenal midfielder Aaron Ramsey whose contract has been terminated by Juventus on Monday reached an agreement with Ligue 1 side OGC Nice on a free move

August 1, 2022

Business

UBA Changes Board Members, As Kennedy Uzoka Bows Out

United Bank for Africa (UBA) has made changes to its board, with the current Managing Director and Chief Executive Officer, Kennedy Uzoka, set to take another position. While the changes haven’t been disclosed to the investing public or the Nigerian Exchange Limited

August 1, 2022

Governor of Nigerias Central Bank Godwin Emefiele

Business·Currency

Bureau De Change Operators Provide CBN With Solutions To Save Naira

The Central Bank of Nigeria (CBN) has been urged by the Association of Bureaux De Change Operators of Nigeria (ABCON), to put an end to the official fixed rate in the foreign exchange market. ABCON’s President, Aminu Gwadabe, said abolishing the fixed

August 1, 2022

AMA News·Business

BonelliErede and Italia Africa Business Week host a thought-provoking discussion on the restitution of cultural property to African states

ADDIS ABABA, Ethiopia, 1 August 2022 -/African Media Agency(AMA)/- BonelliErede, a leading international law firm, and Italia Africa Business Week (IABW), a commercial and business forum whose goal is to facilitate sharing economic, commercial and financial knowledge between Africa and Italy, recently held

August 1, 2022

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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

SEC Orders Full Registration of Tradable Instruments by January 2026

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

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Business - Page 649

Exchange Rates For Dollar Increase Across Parallel, Official Markets

Aston Villa, Chelsea Agree Deal For Chukwuemeka

Ecobank Shareholders Lose N34.86 billion, As Cameroonian Billionaire Buys Lender’s Assets

New Data Shows Migrants Changing Behaviours to Maintain Financial Obligations to Family Overseas as Inflation Rises

Ghanaian Government Probing Flutterwave’s Operation, Financial Records

Seplat Energy To Operate New Export Route After Revenue Loss To Vandalism

Nigerian Palm Oil Maker, Okomu Oil, Makes N40.8 billion In Six Months, To Pay Shareholders Dividends

Former Arsenal Midfielder Set To Join French Club On Free Transfer

UBA Changes Board Members, As Kennedy Uzoka Bows Out

Bureau De Change Operators Provide CBN With Solutions To Save Naira

BonelliErede and Italia Africa Business Week host a thought-provoking discussion on the restitution of cultural property to African states

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Nigeria Placed on U.S. Partial Travel Ban List as Restrictions Expand to 39 Countries

Exchange Rates For Dollar Increase Across Parallel, Official Markets

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

SEC Orders Full Registration of Tradable Instruments by January 2026

Nigeria Placed on U.S. Partial Travel Ban List as Restrictions Expand to 39 Countries

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Business - Page 649

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