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Business - Page 676

Heirs Energies Agrees $750m Afreximbank Financing to Drive Long-Term Growth

Heirs Energies Limited, Nigeria’s leading indigenous integrated energy company, has executed a USD 750 million financing with the African Export–Import Bank (Afreximbank). The transaction was concluded at a signing ceremony in Abuja on Saturday 20th December 2025, attended by Mr. Tony

December 21, 2025

Business·Markets

How Zenith Bank, UBA, Two Other Banks Lost N28.35 billion In Six Hours

The most valuable financial institutions in Nigeria, Zenith Bank, Guaranty Trust Holding Company (GTCO), Access Holdings and United Bank for Africa (UBA) lost a combined N28.35 billion after trading hours on Thursday. Analysis of their bourse performance by Prime Business Africa showed

June 10, 2022

Business·Real Estate

EFCC boss, Bawa, Accuses Real Estate Businesses Of Supporting Money Laundering

Real Estate business in Africa’s largest economy, Nigeria, has been linked to money laundering by the Chairman of anti-graft agency, Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa. According to Bawa, the easiest place for money launderers to carry out their activities

June 10, 2022

AMA News·Business

My Dinner with Bill Gates

Africa.com’s CEO writes about how she felt after this special invitation Bill Gates editorial illustration JOHANNESBURG, South Africa, 10 June 2022 -/African Media Agency (AMA)/- I was invited to dine with Bill Gates last week during the World Economic Forum in Davos, Switzerland. The

June 10, 2022

AMA News·Business

Get Involved With ECP’s Upcoming Events :Energy Capital & Power Will Host Three Large-Scale, In-Person Events Scheduled This Year

CAPE TOWN, South Africa, 10 June 2022, /African Media Agency/-Energy Capital & Power (ECP) – the leading investment platform for the African energy sector – is focused on driving investment into the continent and accelerating the development of key sectors to ensure long-term,

June 10, 2022

Business·News

FIRS To Visit Tax Defaulters, Issues Two Weeks Deadline To Remit Tax

The Executive Chairman of Federal Inland Revenue Service (FIRS), Muhammad Nami, has given taxpayers and tax agents two weeks to remit their tax and funds received on behalf of the tax agency, as it’s set to ensure compliance. Nami, on Thursday, via

June 10, 2022

Business·Oil & Gas

Russia-Ukraine War: Buhari’s Gov’t Spends N947.51 billion On Fuel Subsidy In 4 Months

Nigeria spent N947.51 billion on petrol subsidy within the first four months of this year, as rising crude oil price eats into the revenue generation of the country, surging by 55.7%, to rise from $78.98 to $122.99 between January to April, amid

June 9, 2022

AMA News·Business

African Leadership Magazine Unveils Winners of African Business Leadership Awards (ABLA) 2022

…Winners, Runners-up to be decorated at the 7th Africa Summit – London 2022, holding on July 4th, 2022 PORTSMOUTH, United Kingdom, June 8, 2022,-/African Media Agency (AMA)/- The African Leadership Magazine is today pleased to announce the winners in the 13 categories of

June 9, 2022

AMA News·Business

BingX Releases Version 3.3 Update with a Comprehensive Trader Data Feature

SINGAPORE, 08 June 2022 -/African Media Agency (AMA)/- Crypto social trading exchange BingX is delighted to release its latest version 3.3 update, optimising its copy-trading service to further empower its traders. With the new upgraded features such as added data charts, risk ratings,

June 9, 2022

AMA News·Business

NILESAT 301 communications satellite successfully launched

CANNES , France, 09 June 2022 -/African Media Agency(AMA)/- The NILESAT 301 communications satellite built by Thales Alenia Space, a joint venture between Thales (67%) and Leonardo (33%) for the Egyptian operator NILESAT was successfully launched today from Cape Canaveral launch pad, Florida

June 9, 2022

Business·Insights

Every Nigerian Now Owes N200,000 On N41.60 Trillion Foreign Debt, Others

Nigerians now owe over N200,000 to both domestic and foreign creditors due to the rising public debt of the Federal and State governments, which rose to N41.60 trillion in the First Quarter (Q1) of 2022. According to the public debt data obtained

June 9, 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 676

Heirs Energies Agrees $750m Afreximbank Financing to Drive Long-Term Growth

How Zenith Bank, UBA, Two Other Banks Lost N28.35 billion In Six Hours

EFCC boss, Bawa, Accuses Real Estate Businesses Of Supporting Money Laundering

My Dinner with Bill Gates

Get Involved With ECP’s Upcoming Events :Energy Capital & Power Will Host Three Large-Scale, In-Person Events Scheduled This Year

FIRS To Visit Tax Defaulters, Issues Two Weeks Deadline To Remit Tax

Russia-Ukraine War: Buhari’s Gov’t Spends N947.51 billion On Fuel Subsidy In 4 Months

African Leadership Magazine Unveils Winners of African Business Leadership Awards (ABLA) 2022

BingX Releases Version 3.3 Update with a Comprehensive Trader Data Feature

NILESAT 301 communications satellite successfully launched

Every Nigerian Now Owes N200,000 On N41.60 Trillion Foreign Debt, Others

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