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Business - Page 666

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·Oil & Gas·Top Stories

NNPC Accused Of Diverting N4.2 trillion, Inflating Fuel Consumption Figure By 50 million Litres

The Nigerian National Petroleum Corporation (NNPC) has been accused by the House of Representatives member, Sergius Ose-Ogun, of using the subsidy regime to divert about $10 billion. $10 billion, going by the official exchange rate as of June 30, 2022, would equal

June 30, 2022

Business·Markets

Stock Market: Ikeja Hotels Leads Gainer’s List, UPL Tops Losers’

The capital market ended in a stalemate on Wednesday, with the market capitalisation settling at N27.92 trillion, down by -0.002%. The slight decline was driven by the All Share Index marginally dropping from 51,803.98 to 51,802.48. Over 416.46 million shares were exchanged

June 29, 2022

AMA News·Business

Africa Publishing Innovation Fund and DAISY Consortium Giving Free Expert Training in Production of Accessible Books for Visually Impaired Readers

GENEVA, Switzerland,29 June, 2022,-/African Media Agency (AMA)/- The Africa Publishing Innovation Fund (APIF), a grant-giving program co-led by philanthropic organization Dubai Cares and the International Publishers Association (IPA), and the DAISY Consortium, a world authority on publishing for people with visual impairments and other print disabilities, are

June 29, 2022

AMA News·Business

FTT DAO raises $7 million, donated by FTX token fans

FTX Token Fans Start FTT DAO HONG KONG SAR, 29 June 2022 -/African Media Agency(AMA)/- FTT DAO, a community-led ecosystem DAO, has received 250,000 $FTT, worth approximately $7 million USD, in community donations to help kick start its activities. A number of community contributors

June 29, 2022

Business·Oil & Gas

NNPC Boss Reveals Number Of Illegal Refineries Operating In Nigeria After N434 billion Loss

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Limited, Mele Kyari, has revealed over 100 illegal refineries are being operated in Nigeria, as the country continues to lose billions to oil theft. Kyari made the staggering revelation during his

June 29, 2022

Business·Insights

What’s Happening To Mike Adenuga: Drops On Billionaire Ranking, As Glo Loses Almost N0.2billion Investment

Globacom founder, Mike Adenuga, began last year as the fourth richest man in Africa, a position he held alongside South African Fashion and retail business mogul, Johann Rupert. However, Rupert’s has gone on to become the second richest person on the continent

June 29, 2022

Business·Markets

Shareholders In Nigerian Stock Market Lost N85.64 billion, As Sell Off End Gains

The bulls movement was halted on Tuesday, as pessimistic investors offloaded shares on the exchange floor, plunging the capital market down by -0.30% This represents a loss of N85.64 billion in the market capitalisation, which closed trading at N27.92 trillion, below Monday’s

June 28, 2022

Business·Insights

Facebook’s Mark Zuckerberg Loses N98.09 billion, Drops Out Of Top 15 Richest List

In the last one year, Mark Zuckerberg, the founder of Facebook, has gone from being the fifth richest person, to not being listed among the top fifteen billionaires across the world, as his firm’s stock depreciates. Zuckerberg had risen into the top

June 28, 2022

AMA News·Business

Rise to the challenge: building intelligent enterprises in West Africa

by Titilayo Adewumi, Regional Sales Director for West Africa at SAP LAGOS, Nigeria, 28th June 2022 -/African Media Agency(AMA)/- The past few years have been a wake-up call to businesses to speed up their digital transformation efforts and more quickly adopt the technologies

June 28, 2022

Business·Currency

Dollar To Naira Exchange Rate: Dollar Sells At N421 As Trade Value Drops

June 27, 2022: Trading at the Investors and Exporters (I&E) window saw an exchange of $152.96 million, falling by $10.02 million, as the naira depreciated on the official foreign exchange market on Monday. According to data obtained from the FMDQ, which houses

June 28, 2022

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Business - Page 666

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

NNPC Accused Of Diverting N4.2 trillion, Inflating Fuel Consumption Figure By 50 million Litres

Stock Market: Ikeja Hotels Leads Gainer’s List, UPL Tops Losers’

Africa Publishing Innovation Fund and DAISY Consortium Giving Free Expert Training in Production of Accessible Books for Visually Impaired Readers

FTT DAO raises $7 million, donated by FTX token fans

NNPC Boss Reveals Number Of Illegal Refineries Operating In Nigeria After N434 billion Loss

What’s Happening To Mike Adenuga: Drops On Billionaire Ranking, As Glo Loses Almost N0.2billion Investment

Rise to the challenge: building intelligent enterprises in West Africa

Dollar To Naira Exchange Rate: Dollar Sells At N421 As Trade Value Drops

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