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Business - Page 662

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·Technology

Flutterwave Counters Kenyan Authority On Money Laundering

Nigerian startup, Flutterwave, has denied allegation that the company is involved in money laundering after Kenyan authority, Asset Recovery Agency (ARA), closed 52 accounts belonging to the firm to aid their investigation. ARA secured a court order to suspend activities on the accounts

July 7, 2022

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Dollar To Naira Exchange Rate: Naira Falls In Black Market, I&E Dollar Rate Down

July 6, 2022 Dollar Rate Update: The value of the naira closed upward on Wednesday, rising by 0.52% at the end of business hour in the Investors and Exchange window, halting its loss, which was driven by shortage of dollar in the

July 7, 2022

AMA News·Business

Niyel Launches 77 Free Advocacy Tools For Change Creators

DAKAR, SenegaI, 06 July 2022 -/African Media Agency (AMA)/- Niyel, international, impact-driven campaigns, advocacy and public affairs firm, today launched a robust resource tool called Do Something: 77 tools for change creators. Do Something is a collation of expert views in the field of advocacy, within

July 7, 2022

Business·Oil & Gas

Oando Boss, Wale Tinubu, Says Business Suffering From Oil Theft, Reveal Losses

The Group Chief Executive Officer of Oando Plc, Wale Tinubu, said Nigeria’s Gross Domestic Product (GDP) is at risk of losing millions due to the crude oil barrels pumped by oil companies that are lost to sabotage and theft. Tinubu said the

July 7, 2022

Business·Oil & Gas

Oil And Gas Industry Is Under Siege – Last Speech Of Late OPEC Sec-Gen, Mohammad Barkindo

The oil and gas industry was hit with a shock following reports that Organisation of the Petroleum Exporting Countries (OPEC) Secretary-General, Mohammad Barkindo, passed away suddenly. Barkindo’s death came hours after he granted a speech at the Nigerian Oil and Gas (NOG)

July 7, 2022

Business·News

Latest Index Ranking Reveals Top Business Cities In Africa

Database company, Statista, has published its Global Business Cities Index report which detailed some of the world’s top cities for doing business. Out of 200 cities contained in the report, only eight are in Africa. Statista stated that in compiling the report,

July 6, 2022

Ghana Regrets 'Unauthorised' Abuja Travel Advisory

Business·News

Ghana Makes U-Turn, To Borrow $1.5 Billion From IMF

Ghana has announced recently that it has reversed its policy decision not to seek financial help from the International Monetary Fund (IMF), saying the country’s economy now needs $1.5billion from the IMF to thrive. Reportedly, barely a week after the policy reversal,

July 6, 2022

Business·Oil & Gas

Crude Oil Falls Below $100, As American Firm Projects New Low

Brent crude oil fell on Wednesday below $100 after trading above the level since April last year. The depreciation in its price was driven by projected global recession in light of soaring inflation. The commodity dip to $99.78 per barrel after concerns

July 6, 2022

Business·Markets

Stock Market: Over N16.14 billion Lost In Five Hours

The stock market closed with the equity capitalisation extending its downward trend with -0.05%, which wiped off N16.14 billion from the bourse, as pessimism tightens grip on investors. Following the dip, the market capitalisation nosedive to N27.79 trillion from N27.81 trillion, trailing

July 6, 2022

Business·Currency

Dollar To Naira Exchange Rate: Cost Of Dollar Rises By N4.25, As Foreign Reserves Up $5.83bn

July 5, 2022 Dollar Rate Update: The cost of naira and dollar exchange reversed to their level in December 2021 following a 0.99% decline in the value of the Nigerian currency after trading in the official market on Tuesday. Nigeria’s legal tender

July 6, 2022

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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 662

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

Flutterwave Counters Kenyan Authority On Money Laundering

Dollar To Naira Exchange Rate: Naira Falls In Black Market, I&E Dollar Rate Down

Niyel Launches 77 Free Advocacy Tools For Change Creators

Oando Boss, Wale Tinubu, Says Business Suffering From Oil Theft, Reveal Losses

Oil And Gas Industry Is Under Siege – Last Speech Of Late OPEC Sec-Gen, Mohammad Barkindo

Latest Index Ranking Reveals Top Business Cities In Africa

Ghana Makes U-Turn, To Borrow $1.5 Billion From IMF

Crude Oil Falls Below $100, As American Firm Projects New Low

Stock Market: Over N16.14 billion Lost In Five Hours

Dollar To Naira Exchange Rate: Cost Of Dollar Rises By N4.25, As Foreign Reserves Up $5.83bn

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

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Former Delta North Senator Peter Nwaoboshi Dies After Sudden Collapse in Abuja

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

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

Former Delta North Senator Peter Nwaoboshi Dies After Sudden Collapse in Abuja

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