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Business - Page 669

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·Currency

Black Market Dollar To Naira Exchange Rate Today: Traders Increase Price To Buy Dollars Across All Forex Market

Naira depreciates across all foreign exchange markets on Wednesday, as the United States government protects its currency against inflation by increasing interest rates. In the official forex market, Investors & Exporters window, it was gathered that the naira depleted in value to

June 23, 2022

Business·Oil & Gas

Oil Price Crashes, As Vladimir Putin Seeks Nigerian Buyers For Russian Oil

Nigeria has become one of the major destinations for Russian oil products, as European Union embargo on Vladimir Putin’s country disrupt Moscow’s supply chains. And in an effort to prevent the restriction from affecting its oil earnings deeply, Russia is looking for

June 23, 2022

Business

How Eko Electricity Distribution Company Lost N4 billion Under Tinuade Sanda

The Managing Director of Eko Electricity Distribution Company (EKEDC), Tinuade Sanda, said the firm lost N4 billion following damages to their property in the last six months. This has affected their operation. In a press conference on Wednesday, Sanda explained that the

June 23, 2022

Business

Aliko Dangote Makes N73.96 billion In One Day, As Billionaire’s Wealth Grows, Rank Changes

The wealth of Africa’s richest man, Aliko Dangote, increased by 1.27% on Wednesday, just a day after his networth dropped by -1.78%. The billionaire’s fortune rose following a rise in Dangote Cement’s share demand. At the end of trading in the Nigerian

June 22, 2022

Business·Oil & Gas

Pres. Buhari Told To Remove Fuel Subsidy After Rejecting IMF, World Bank Advice

Nigeria’s Extractive Industries and Transparency Initiative (NEITI) has expressed its disagreement with President Muhammadu Buhari’s statement over the removal of fuel subsidy, which has suspended for 18 months in January. On Tuesday, President Buhari had said he rejected suggestions to remove the

June 22, 2022

Business·Oil & Gas

Savannah Energy’s Accugas Begins First Gas Sales to FIPL’s Trans Amadi Power Plant

Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter in Africa, is pleased to announce that Accugas Limited (“Accugas”), the Company’s 80% indirectly owned subsidiary, has commenced gas sales to First Independent Power Limited’s (“FIPL”)

June 22, 2022

Business·Technology

Facebook Messenger Risks Losing To Telegram, As New Payment Subscription Emerges

Telegram is looking poised to surpass Facebook messenger userbase, as it reaches 700 million monthly active users. The growth of the firm reflects the intense competition in the global messenger app markets. WhatsApp, WeChat, Facebook messenger, and Telegram are competing for 6.64

June 22, 2022

Business·News

Buhari Finally Reacts To Godwin Emefiele’s Political Ambition, Discloses Those To Probe CBN Governor

Months after the Central Bank of Nigeria (CBN), Godwin Emefiele, decided to withdraw from contesting for an elective position in the government, President Muhammadu Buhari has addressed the outcry that trailed his political ambition. Emefiele’s decision to contest for political office via

June 22, 2022

AMA News·Business

VivaTech unveils the 3 winners of AfricaTech 2022

PARIS, France, 22 June 2022 -/African Media Agency (AMA)/- As part of its international outreach, and for the first time this year, VivaTech organised the AfricaTech Awards, alongside the International Finance Corporation (IFC), part of the World Bank. This pan-African initiative aimed at

June 22, 2022

Business

Former Tesla Elevator Worker Rejects $15 million Court Ordered Elon Musk To Pay – Here’s Why

The $15 million awarded by a United States District, Judge William Orrick, to former Tesla elevator operator, Owen Diaz, has been rejected, with the ex-employee demanding the electric carmaker, owned by Elon Musk, pay more. In April, Diaz had been granted the

June 22, 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 669

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

Black Market Dollar To Naira Exchange Rate Today: Traders Increase Price To Buy Dollars Across All Forex Market

Oil Price Crashes, As Vladimir Putin Seeks Nigerian Buyers For Russian Oil

How Eko Electricity Distribution Company Lost N4 billion Under Tinuade Sanda

Aliko Dangote Makes N73.96 billion In One Day, As Billionaire’s Wealth Grows, Rank Changes

Pres. Buhari Told To Remove Fuel Subsidy After Rejecting IMF, World Bank Advice

Savannah Energy’s Accugas Begins First Gas Sales to FIPL’s Trans Amadi Power Plant

Facebook Messenger Risks Losing To Telegram, As New Payment Subscription Emerges

Buhari Finally Reacts To Godwin Emefiele’s Political Ambition, Discloses Those To Probe CBN Governor

VivaTech unveils the 3 winners of AfricaTech 2022

Former Tesla Elevator Worker Rejects $15 million Court Ordered Elon Musk To Pay – Here’s Why

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

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Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

A Very Dirty Christmas Title Sparks Backlash – CAN, Regulators, Producer in Public Dispute

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