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Business - Page 665

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·Markets

Caverton, Linkage Assurance Shares Soar, As Stock Market Gains N6.55 billion

Stock market rose 0.02% after close of business on Friday, resulting to the market capitalisation gaining N6.55 billion, to settle at N27.94 trillion, from N27.93 trillion. The growth was in response to the All Share Index closing at 51,829.67, rising by 12.07

July 1, 2022

Business

How Cryptoqueen Stole $4 billion From Cryptocurrency Investors Hoping To Make Quick Cash

In 2014, Ruja Ignatova created a cryptocurrency idea called “OneCoin”, which she claimed would become the next bitcoin. She promised individuals willing to buy OneCoin high returns and low risk. Ignatova, known as Cryptoqueen, claimed that OneCoin is mineable, and could supply

July 1, 2022

Business

Revealed: How Farmers Pay Bandits N400 million To Visit Farms In Kaduna

A former Managing Director of Kaduna State Media Corporation (KSMC), Zubairu Abdulra’uf, said bandits in the state have received N400 million in two years to allow farmers in Birnin Gwari town access their farms. Abdulra’uf disclosed to newsmen on Thursday, that since

July 1, 2022

Africa·Business·News

Why Amazon Finally Seeks To Recruit Nigerians

Popular American e-commerce company, Amazon, has officially announced, it is looking to recruit qualified persons for seven positions based in Lagos, Nigeria this time around. Apparently, this development threatened to shatter the internet because the news has long been awaited. Only in

July 1, 2022

Business

Direct Flight, Weapon Supply, Three Other Things Buhari Asked From Portugal’s President

On Thursday, President Muhammadu Buhari met with President of Portugal, Marcelo Rebelo de Sousa in Lisbon, to discuss the need for both countries to partner in several areas that can be beneficial to them. Buhari requested for both trade and security partnership

July 1, 2022

Business·Markets

PZ, Honeywell Among Loser’s List, Amid Slight Growth In Nigerian Stock Market

The market capitalisation closed with a 0.02% hike, moving from N27.92 trillion to N27.93 trillion on Thursday. The All Share Index gained 15.11 basis points to rise to 51,817.59 from 51,802.48. About 223.11 million shares, worth N3.87 billion, were traded in 4,213

June 30, 2022

Business·Insights

Bitcoin Creator, Satoshi Nakamoto Loses $22.1 billion, As Aliko Dangote Closes Gap On Richest List

There has been confusion as to the facial identity and background of bitcoin founder, but one thing that has remained constant, without opposing views, is his pseudo name being Satoshi Nakamoto. As of late March, Nakamoto’s networth was estimated at $41.16 billion,

June 30, 2022

Business

FG To Spend N777.61 billion To Buy Transformers, Spare Parts

The Federal Executive Council, presided over by Vice President, Yemi Osinbajo, approved the procurement of equipment worth N777.61 billion to improve power supply across Nigeria. During the FEC meeting on Wednesday, it was revealed that N9.89 billion will be disbursed for onshore

June 30, 2022

AMA News·Business

Kasi Insight is disrupting the market research industry with the launch of dataset

NAIROBI, Kenya, 30th June 2022 -/African Media Agency (AMA)/- Kasi Insight is Africa’s leading decision intelligence company empowering business leaders and entrepreneurs to make crucial decisions with confidence. The company conducts over 10,000 monthly interviews across 20 countries in Africa and aggregate all

June 30, 2022

Business

Shisha, Cigarettes, Tobacco Prices Set To Rise In Nigeria, As Buhari Increases Tax By 10%

The tax placed on tobacco products has been reviewed upward by the Federal Government, the Minister of State for Health, Olorunnimbe Mamora, has revealed. He said the move is to curb its usage. Prices of tobacco products, as well as shisha and

June 30, 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 665

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

Caverton, Linkage Assurance Shares Soar, As Stock Market Gains N6.55 billion

How Cryptoqueen Stole $4 billion From Cryptocurrency Investors Hoping To Make Quick Cash

Revealed: How Farmers Pay Bandits N400 million To Visit Farms In Kaduna

Direct Flight, Weapon Supply, Three Other Things Buhari Asked From Portugal’s President

PZ, Honeywell Among Loser’s List, Amid Slight Growth In Nigerian Stock Market

Bitcoin Creator, Satoshi Nakamoto Loses $22.1 billion, As Aliko Dangote Closes Gap On Richest List

FG To Spend N777.61 billion To Buy Transformers, Spare Parts

Kasi Insight is disrupting the market research industry with the launch of dataset

Shisha, Cigarettes, Tobacco Prices Set To Rise In Nigeria, As Buhari Increases Tax By 10%

Featured Stories

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

SAFE IN NIGERIA: Boris Johnson’s Claim and the outrage

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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 665

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