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Business - Page 670

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

Kellogg’s Breaks Up Into Three

Kellogg has concluded plans to split into three food businesses after studying similar break-ups in its own industry and by other companies such as the General Electric. ”We believe the agility and the focus will help the business operate in a tumultuous

June 22, 2022

Business·Opinion

Shift Towards Domestic Tourism A Game Changer In Post-Covid-19 Recovery – Wayne Godwin

By Wayne Godwin For decades, tourism has remained a major contributor to the GDP of African economies. In 2019, the industry accounted for about seven percent of Africa’s GDP and contributed $169 billion to its economy—about the size of Côte d’Ivoire’s and

June 22, 2022

AMA News·Business

Bybit Launchpad 2.0 to Host OpenBlox (OBX) IEO

ROAD TOWN, United British Virgin Islands , 21 June 2022 -/African Media Agency (AMA)/- Bybit, one of the world’s fastest growing crypto exchanges, will list the inaugural BloxVerse platform token OBX on Bybit Launchpad 2.0. OpenBlox is an EVM-based NFT gaming and web3 platform focusing

June 21, 2022

Business·Currency

Official Exchange Rate Set To Rise Significantly, As World Bank Demands CBN Adjust Forex Rate

The World has requested an adjustment in the exchange rate of the Investors & Exporters (I&E) window in Nigeria, stating that the rise in oil price has presented the Central Bank of Nigeria (CBN) to take review. According to the World Bank,

June 21, 2022

Business·Currency

Black Market Dollar To Naira Exchange Rate Today: Forex Trade Crashes To Two Months Low

The naira to dollar rate traded flat in the official market on Monday, as the value of foreign currency exchanged fell, nearing a low last recorded on April 4, 2022, while the Nigerian currency appreciated in the black market. Report from the

June 21, 2022

Business

Why CBN Seized $450 million Belonging To Foreign Airlines Operating In Nigeria

About $450 million belonging to foreign airlines operating in Nigeria has been seized by the Central Bank of Nigeria (CBN), preventing the international companies from repatriating the funds back to their base. The International Air Transport Association (IATA) made the disclosure in

June 21, 2022

EU Approves New Round Of Sanctions Against Russia As Ukraine’s Invasion Anniversary Nears

Business

Ukraine Gets New Funds From Cryptocurrency Market To Finance War Against Russia

Ukraine’s Deputy Minister of Digital Transformation, Alex Bornyakov, has revealed that the country raised funds in the cryptocurrency market through the CryptoPunk #5364 it was gifted in March. Bornyakov, in a statement on Monday, via social media platform, Twitter, said the CryptoPunk,

June 21, 2022

Business

VIDEO: Why Airport Workers Seize Nigerian Passengers’ Luggage, Threaten Them

Workers at the Murtala Muhammed International Airport seized passengers luggage in protest of unpaid salary on Monday. The situation led to chaos within the airport located in Lagos State. In a viral video seen on social media platform, Twitter, there was disagreement

June 20, 2022

Business

World Bank Criticises CBN Policies, Says Nigeria Sitting On Time Bomb

The Central Bank of Nigeria (CBN) policies have been criticised by the World Bank, saying it worsens the business environment in the country. The global financial body hinted that the financial regulator needs to reduce its interventions. In its monthly report on

June 20, 2022

Business·Currency

Black Market Dollar To Naira Exchange Rate Today: Nigerian Currency Depreciates 21% Since CBN Ban On BDC Operators

The United States currency, Dollar, and that of Nigeria, Naira, held tight to their ground on Friday, trading at the same previous rates across the official foreign exchange market, Investors & Exporters (I&E) window, as well as the black market. On Thursday,

June 20, 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 670

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

Kellogg’s Breaks Up Into Three

Shift Towards Domestic Tourism A Game Changer In Post-Covid-19 Recovery – Wayne Godwin

Bybit Launchpad 2.0 to Host OpenBlox (OBX) IEO

Official Exchange Rate Set To Rise Significantly, As World Bank Demands CBN Adjust Forex Rate

Black Market Dollar To Naira Exchange Rate Today: Forex Trade Crashes To Two Months Low

Why CBN Seized $450 million Belonging To Foreign Airlines Operating In Nigeria

Ukraine Gets New Funds From Cryptocurrency Market To Finance War Against Russia

VIDEO: Why Airport Workers Seize Nigerian Passengers’ Luggage, Threaten Them

World Bank Criticises CBN Policies, Says Nigeria Sitting On Time Bomb

Black Market Dollar To Naira Exchange Rate Today: Nigerian Currency Depreciates 21% Since CBN Ban On BDC Operators

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