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Business - Page 674

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

AMA News·Business

Mastercard and Ecobank Group Partner to Digitize Agricultural Value Chains in Africa and Empower Millions of Smallholder Farmers Through Digital and Financial Inclusion

Mastercard and Ecobank Group will deploy Mastercard Farm Pass, an award-winning, innovative solution that helps connect smallholder farmers to financial and agricultural ecosystems Mastercard Farm Pass will be rolled out leveraging the 33 countries where Ecobank has banking operations, helping millions of

June 14, 2022

Business·Oil & Gas

Pres. Buhari Loses $1.7bn case, As UK Court Rules In Favour Of American Firm, JP Morgan Chase

Nigeria loses it lawsuit against JP Morgan Chase Bank, after Judge Sara Cockerill, of the British High Court, ruled against the country on Tuesday, in the fraud case relating to the Malabu Oil scandal 11 years ago. The country had filed $1.7

June 14, 2022

Business

Top Five Nigerian States With Highest Domestic Debt

The 36 states in Nigeria, including the federal capital territory, Abuja, have a domestic debt profile of N4.84 trillion as at the end of first quarter 2022, rising from the N4.46 trillion reported for the period of fourth quarter 2021. This is

June 14, 2022

AMA News·Business

Bybit Unveils First-Ever Bear Market Guide for Traders

VICTORIA, Seychelles, 14 June 2022 -/African Media Agency(AMA)/- Bybit, one of the fastest growing crypto exchanges in the world, launched today its first-ever Bear Market Guide, an educative resource to help investors navigate through the volatile times that cryptocurrencies and equity markets are

June 14, 2022

Business

Afreximbank To Support COVID-19 Struggling Businesses With $150 million

The African Export-Import Bank (Afreximbank) has concluded plans to hand $150 million to Nigerian businesses affected by the Coronavirus outbreak. The fund will be disbursed through First Bank of Nigeria. Afreximbank President and Chairman of its Board of Directors, Benedict Oramah, said

June 14, 2022

Business

Electricity Workers, Atiku Abubakar Clash Over Three Points Agenda

The Presidential candidate for the Peoples Democratic Party (PDP) in the 2023 election, Atiku Abubakar, has been criticised by workers under the umbrella of National Union of Electricity Employees (NUEE) for his electricity privatisation plan. Abubakar had stated his intention to privatise

June 14, 2022

Business

People Want Bitcoin, Other Cryptocurrencies To Become Payment Option For Goods – Bank of America

Bank of America says more people want to use bitcoin and other cryptocurrencies as a payment method, other than the central bank-back paper currency being used across the world, according to its survey. The United States financial institution, on Monday, disclosed that

June 14, 2022

Business

Elon Musk Sacks Tesla’s Christopher Bousigues, Amid Plan To Fire 9,000 Workers

The country manager of Tesla in Singapore, Christopher Bousigues, has been sacked from his role by Elon Musk, a week after the world’s richest person threatened to terminate the contract of his workers over work-from-home policy. Bousigues made the revelation on his

June 13, 2022

Business·Finance & Economy

Godwin Emefiele Increases Bid For Non-interest Asset-backed Securities To N100 million

The minimum bid for non-interest asset-backed securities has been raised to N100 million by the Central Bank of Nigeria (CBN), a circular signed by the apex bank’s Director, Financial Markets Department, Angela Sere-Ejembi, disclosed. In the circular issued in 2022, titled “Framework

June 13, 2022

Business

Electricity Grid Records Fifth Collapse In Four Months, 99 Times Under President Buhari

For the fifth time in the last four months, Nigeria’s national electricity grid collapsed on Sunday, disclosing the Federal Government’s inability to halt the situation, considering it has collapse more times than all of 2021. The recent collapse was reported by Enugu

June 13, 2022

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Business - Page 674

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

Mastercard and Ecobank Group Partner to Digitize Agricultural Value Chains in Africa and Empower Millions of Smallholder Farmers Through Digital and Financial Inclusion

Pres. Buhari Loses $1.7bn case, As UK Court Rules In Favour Of American Firm, JP Morgan Chase

Top Five Nigerian States With Highest Domestic Debt

Bybit Unveils First-Ever Bear Market Guide for Traders

Afreximbank To Support COVID-19 Struggling Businesses With $150 million

Electricity Workers, Atiku Abubakar Clash Over Three Points Agenda

People Want Bitcoin, Other Cryptocurrencies To Become Payment Option For Goods – Bank of America

Elon Musk Sacks Tesla’s Christopher Bousigues, Amid Plan To Fire 9,000 Workers

Godwin Emefiele Increases Bid For Non-interest Asset-backed Securities To N100 million

Electricity Grid Records Fifth Collapse In Four Months, 99 Times Under President Buhari

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Business - Page 674

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