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Business - Page 664

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·Insights

How GTCO Shareholders Lost N163.34 billion, Amid Declining Investor Confidence

Shareholders of Guaranty Trust Holding Company (GTCO) lost -21.15% of their investment in the financial institution, as the Segun Agbaje-led firm loses investors’ confidence. GTCO stock had began January at N26 per share, but in the last six months, investors have been

July 4, 2022

Business·Markets

Nigerian Stock Market Down, As Fidson, Regal Insurance, Others Record Gains

The Nigerian bourse opened trading this week by depreciating 0.07%, as the market capitalisation closed at N27.92 trillion on Monday, below Friday’s N27.94 trillion. This was driven by the 38.22 basis points lost in the All Share Index, which dropped from 51,829.67

July 4, 2022

Business·Currency

Dollar To Naira Exchange Rate: Cost Of Dollar, Euro Drops, As Forex Demand Falls Below $4 billion In H1

July 1, 2022: Nigerian currency, Naira, appreciated against the Dollar, Pound and Euro in the official foreign exchange market, Investors & Exporters window on Friday, FMDQ, has reported in its forex data. The US currency had sold for N425.05 on Thursday, but

July 4, 2022

Business·News·Sports

Arsenal Seals £45 Million Deal On Man City’s Jesus

Arsenal on Monday completed the signing of Manchester City attacker Gabriel Jesus on a long-term contract until 2027 reports Prime Business Africa.

July 4, 2022

AMA News·Business

TPAY MOBILE’s Founder and CEO Sahar Salama hands over Group CEO responsibilities to become Group Chairwoman

ex-CEO of Mollie, Gaston Aussems, named successor DUBAI, UAE, 4 July 2022 -/African Media Agency(AMA)/- TPAY MOBILE, the leader in mobile payments in the Middle East, Africa, and Turkey (META), today announces it has appointed Gaston Aussems, previously CEO of Mollie, as Group

July 4, 2022

AMA News·Business

Interview with Rupert McCammon on What to Expect at AFSIC 2022

Rupert McCammon, the Managing Director of AFSIC is committed to Driving Investment Into the African Continent Across all Industries LONDON, England, 1 July 2022, /African Media Agency/- AFSIC, now in its 9th year, is believed to be the largest African investment event taking

July 4, 2022

Business

Revealed: Why Nigerian Gov’t Refunded 2,084 Retirees Their N519.51 million Pension Contributions

The National Pension Commission (PENCOM) has refunded the pension contribution of 2,084 retirees after failing to surpass the required amount to earn a lump sum and annuity payment from life insurance companies. According to the government agency’s first quarterly report on ‘Enbloc

July 4, 2022

Business·News

Lawmakers To Summon CBN’s Godwin Emefiele Over AMCON’s N5 trillion Debt

The House of Representatives have decided to summon the heads of Central Bank of Nigeria (CBN), Nigerian Financial Intelligence Unit (NFIU), and Nigeria Deposit Insurance Corporation (NDIC), over their inability to recover the N5 trillion owed to Asset Management Corporation of Nigeria

July 4, 2022

Business·Insights

Why Two Richest Men, Elon Musk And Bernard Arnault Lost Whopping N689.58 billion In One Day

On Friday, the two richest people in the world, Tesla majority shareholder, Elon Musk, and Louis Vuitton Moët Hennessy (LVMH), Bernard Arnault, lost a whopping of N689.58 billion in one day. Musk, who is the wealthiest person in the world, accounted for

July 1, 2022

Investors In John Holt, BUA Foods, Others Earn N262.52bn In Stock Trading

Business·Markets·News

Investors Trade N485.4bn Worth Of Equities In Q2

Both local and foreign investors on the Nigerian Exchange Limited (NGX) traded N485.4billion worth of equities in the second quarter (Q2) of 2022. This is an increase of 40.11 per cent when compared to N346.43 billion traded in the first quarter (Q1)

July 1, 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 664

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

How GTCO Shareholders Lost N163.34 billion, Amid Declining Investor Confidence

Nigerian Stock Market Down, As Fidson, Regal Insurance, Others Record Gains

Dollar To Naira Exchange Rate: Cost Of Dollar, Euro Drops, As Forex Demand Falls Below $4 billion In H1

Arsenal Seals £45 Million Deal On Man City’s Jesus

TPAY MOBILE’s Founder and CEO Sahar Salama hands over Group CEO responsibilities to become Group Chairwoman

Interview with Rupert McCammon on What to Expect at AFSIC 2022

Revealed: Why Nigerian Gov’t Refunded 2,084 Retirees Their N519.51 million Pension Contributions

Lawmakers To Summon CBN’s Godwin Emefiele Over AMCON’s N5 trillion Debt

Investors Trade N485.4bn Worth Of Equities In Q2

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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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Business - Page 664

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