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Business - Page 671

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

42-year-old Ikeja Electric Technician, Matthew Umukoro, Dies On Duty

Ikeja Electric technician, Matthew Umukoro, has died while on duty for the electricity company in Igbe Road, Igbogbo, an area located in the Ikorodu Local Government Area of Lagos state. Umukoro, who began working for Ikeja Electric on March 1, 2016, fell

June 20, 2022

Business·Finance & Economy·Insights

Ranking: Five Best Performing Tier-1 Nigerian Banks In Q1 2022

Customers’ deposits in the vault of Nigerian tier-1 financial institutions, First Bank, United Bank for Africa (UBA), Guaranty Trust Bank (GTBank), Access Bank and Zenith Bank rose to N31.58 trillion as at the end of March 2022. The five banks, known as

June 20, 2022

Business·Real Estate

Tony Elumelu’s Afriland Properties, Lagos State Sign Partnership To Develop Falomo Towers

Lagos State Development and Property Corporation (LSDPC) and Afriland Properties signed a Public Private Partnership (PPP) to upgrade the Falomo Shopping Mall, situated in Ikoyi. This was announced in a video sent to Prime Business Africa, which captured the sod turning ceremony

June 18, 2022

Business

Bitcoin Investors Lose $29.45 billion, As BTC Crashes To 2-year Low

Bitcoin (BTC) investors lost a whopping $29.45 billion in the early hours of Saturday, after the cryptocurrency crashed by -7.54%, to its lowest price in two years, $18,926.50, as the bears extended their run. The cryptoasset had closed Friday around $20,471.48, but

June 18, 2022

Business·Technology

Google Fined ₦109.3 million Amid Information War Against Russia

Google has been fined ₦109.3 million (15 million roubles) by a court in Russia following allegation of floating the government’s law mandating technology companies to house their citizens’ user data in the Eastern Europe country. The search engine firm, owned by Alphabet,

June 17, 2022

AMA News·Business

Africa Publishing Innovation Fund to Finance Schemes to Nurture Love of Reading and Create Accessible Books for Visually Impaired Readers in 2022

GENEVA, Switzerland,17 June, 2022,-/African Media Agency (AMA)/- The Africa Publishing Innovation Fund (APIF) – a grant-giving program co-led by Dubai Cares, a UAE-based global philanthropic organization and the International Publishers Association (IPA) – has selected five new projects across Africa to receive

June 17, 2022

Business·Currency

Black Market Dollar To Naira Exchange Rate Today: Naira Falls Across All Market Amid N800/$1 Projection

The United States currency, Dollar, gained against the Naira on Thursday at the official foreign exchange market, while the Nigerian legal tender continued to sell at a high for persons in need of the greenback in the black market. Naira exchanged at

June 17, 2022

AMA News·Business

Mastercard, Gavi, The Vaccine Alliance, and JSI partner with the Ethiopian Ministry of Health to implement Wellness Pass for the digitization of health records

Mastercard, Gavi, the Ethiopia Ministry of Health and JSI announce their partnership to implement the Mastercard Wellness Pass solution within Ethiopia’s health information system and aim to bring efficiency to healthcare tracking and offline portability of health records in the most marginalized

June 17, 2022

Business·Finance & Economy·Insights

GTBank, Access Bank Record 32,992 Fraud Cases In One Year, As Fraudsters Target Customers’ Accounts

A total of 32,992 fraud cases were perpetrated through the financial system of tier-1 Nigerian lenders, Guaranty Trust (GT) Bank and Access Bank in 2021, more than both firms recorded the previous year. This number is 90.5% higher than the fraudulent activities

June 17, 2022

Business·Entertainment

Music Label Of K-Pop Band, BTS Lost $1 billion Amid Confusion Over Breakup

South Korean record label, HYBE, lost -25.8% in its market capitalisation after its famous Asian K-Pop group, BTS, announced that they would be taking a break from collaborative albums, to face their individual careers. BTS, which started their group music career in

June 17, 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 671

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

42-year-old Ikeja Electric Technician, Matthew Umukoro, Dies On Duty

Ranking: Five Best Performing Tier-1 Nigerian Banks In Q1 2022

Tony Elumelu’s Afriland Properties, Lagos State Sign Partnership To Develop Falomo Towers

Bitcoin Investors Lose $29.45 billion, As BTC Crashes To 2-year Low

Google Fined ₦109.3 million Amid Information War Against Russia

Africa Publishing Innovation Fund to Finance Schemes to Nurture Love of Reading and Create Accessible Books for Visually Impaired Readers in 2022

Black Market Dollar To Naira Exchange Rate Today: Naira Falls Across All Market Amid N800/$1 Projection

Mastercard, Gavi, The Vaccine Alliance, and JSI partner with the Ethiopian Ministry of Health to implement Wellness Pass for the digitization of health records

GTBank, Access Bank Record 32,992 Fraud Cases In One Year, As Fraudsters Target Customers’ Accounts

Music Label Of K-Pop Band, BTS Lost $1 billion Amid Confusion Over Breakup

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

Dollar Trades Flat In Black Market, Appreciates In Official Window

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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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