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Business - Page 663

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·News

Full List: Fidelity Bank Takes Over Kano, Kaduna, Benin DisCos, Appoints New Board Members

Fidelity Bank has taken over three electricity distribution companies (DisCos) in Kano, Benin and Kaduna, and changed the management of the firms over debt. The company temporary takeover will result into a sell off of the shares to private investors, a statement

July 6, 2022

Business

FBN Quest, Investment One, CSL Fail To Make Top Five Stockbroking Firms In Nigeria

FBN Quest Securities Limited, CSL Stockbrokers Limited and Investment One Stockbrokers International Ltd (formerly GTB Securities Limited) failed to make the top five performing stockbroking firms in Nigeria for H1. They ranked below Cardinalstone, Apt Securities, Stanbic IBTC Stockbrokers, Meristem Stockbrokers Limited

July 6, 2022

Business·Oil & Gas

NNPC’s Kyari, CBN’s Emefiele Accused Of Frustrating Fuel Subsidy Investigation

The House of Representatives Speaker, Femi Gbajabiamila, criticised Group Managing Director of the Nigerian National Petroleum Company Limited, Mele Kyari, and three others for failing to appear before the lawmakers. Nigeria’s green chamber had summoned Kyari, Minister of State for Petroleum, Timipre

July 6, 2022

Business·Oil & Gas

Crude Oil Price To Hit $45, As US Firms, Citigroup, Goldman Sachs Disagree Over Cost

American banks are divided over the future price of crude oil, as Citigroup and Goldman Sachs issue opposing forecast regarding the commodity that has skyrocketed to $102.9 per barrel globally. Since trading reopened after the global lockdown induced by COVID-19, crude oil

July 5, 2022

Business·Markets

Nigerian Stock Market Loses N110.48 billion On Sell-offs

Over N110.48 billion was lost on Tuesday after the market capitalisation fell to N27.81 trillion from N27.92 trillion, in response to sell off during trading. The equity cap was dragged down by the All Share Index, which depreciated from 51,791.45 ASI to

July 5, 2022

AMA News·Business

The new business balancing act has leaders walking a tightrope

Cameron Beveridge, Regional Director for Southern Africa at SAP JOHANNESBURG, South Africa, 5th July 2022 -/African Media Agency(AMA)/- Business leaders are engaged in a delicate balancing act as radical workforce changes, new customer demands, external pressures and the impact of the pandemic collide

July 5, 2022

Business·News

5 Habits To Help You Gain Financial Freedom Real Quick

No, we are not about to go into some academic definition of the term, ‘financial freedom.’ Everyone knows what it is. Simply, financial freedom describes having enough savings, investments, and cash on hand to afford the lifestyle you want for yourself and

July 5, 2022

Business·Oil & Gas

Lai Mohammed Reveals Why Buhari Can No Longer Remove Fuel Subsidy

The Nigerian government has revealed why the removal of petrol is impossible at this period, while also disclosing the routes oil thieves are using to steal millions of barrels produced by the country. According to the Minister of Information and Culture, Lai

July 5, 2022

Business·Currency

Dollar To Naira Exchange Rate: Bureau De Change Operators, I&E Sellers Increase Price Of Dollar

July 4, 2022 Forex Update: The value of the United States currency, dollar, grew against the naira on Monday across the official foreign exchange market and the black market, as supply of the greenback falls. The cost of dollar rose by 0.18%

July 5, 2022

Business

FIRS Set New Date For Submission Of Companies’ Income Tax, Excludes VAT, Others

The deadline for the submission of Companies’ Income Tax (CIT) has been extended by the Federal Government tax administrator, Federal Inland Revenue Service (FIRS), as firms struggle to meet initial deadline. FIRS extended the timeframe by two months, sitting the new deadline

July 5, 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 663

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

Full List: Fidelity Bank Takes Over Kano, Kaduna, Benin DisCos, Appoints New Board Members

FBN Quest, Investment One, CSL Fail To Make Top Five Stockbroking Firms In Nigeria

NNPC’s Kyari, CBN’s Emefiele Accused Of Frustrating Fuel Subsidy Investigation

Crude Oil Price To Hit $45, As US Firms, Citigroup, Goldman Sachs Disagree Over Cost

Nigerian Stock Market Loses N110.48 billion On Sell-offs

The new business balancing act has leaders walking a tightrope

5 Habits To Help You Gain Financial Freedom Real Quick

Lai Mohammed Reveals Why Buhari Can No Longer Remove Fuel Subsidy

Dollar To Naira Exchange Rate: Bureau De Change Operators, I&E Sellers Increase Price Of Dollar

FIRS Set New Date For Submission Of Companies’ Income Tax, Excludes VAT, Others

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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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