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Business - Page 676

Dangote Group Assures Nigerians of Stable Fuel Prices Despite New 15% Import Tariff

The Dangote Group has moved to allay public concerns over the Federal Government’s newly approved 15 per cent import tariff on petrol and diesel, insisting that the policy will not trigger fuel price hikes. The Group’s Chief Corporate Communications Officer, Anthony Chiejina,

November 3, 2025

Business

IMF Warns, Says Nigeria’s Inflation May Worsen To 16.1% In 2022

The International Monetary Fund (IMF) has foreseen that Nigeria’s Consumer Price Index will hit 16.1 per cent in 2022. This forecast was presented in a tabular illustration in the IMF’s Regional Economic Outlook for Sub-Saharan Africa released last week, which was published

May 2, 2022

Business

Blackout Hits CBN, Army Headquarters Over Network Vandalism

There was a total blackout at the headquarters of the Central Bank of Nigeria, the Nigerian Army, Federal Ministry of Finance, on Sunday due to the vandalism of the power network in the Central Business District of the Federal Capital Territory. The

May 2, 2022

Business

Billionaire Jeff Bezos Loses $20.5 Billion First Time Since 2015

Jeff Bezos, Amazon’s founder and chairman, has lost $20 billion of his net worth, as the stock of the company is heading for its worst day in eight years. Amazon’s shares plunged over 15% after it announced its first quarterly loss since

May 1, 2022

Business·Top Stories·World News

Nasdaq Sees Worst Monthly Drop In 14 Years

An April 2022 tech-dominated index fall saw Nasdaq composite index sinking 14.2 percent on Friday, in what represents the worst monthly decline since October 2008. Trading to a new session low, the Nasdaq index was down 3 percent and reaching 12481.76, and

April 30, 2022

Business·World News

Chinese Major Investor In UK Bank Demands Break-up After $83Bn Stock Plunge

China’s Ping An Insurance Group Co., the biggest investor in one of UK’s biggest banks HSBC, has called for the UK bank’s break-up after its stocks plunged by $83 billion. Analysts cite ‘China risk’ and money laundering report as factors causing the

April 30, 2022

Business·News

20 PFAs Meet N5bn New Capital Benchmark

National Pension Commission has announced that 20 Pension Fund Administrators (PFAs) have complied with its N5 billion minimum regulatory capital requirement for operations.

April 30, 2022

Business

Zenith Bank’s Quarterly Earnings Rise By 22%

Zenith Bank Plc has announced that its gross earnings rose by 22 per cent in the first quarter of 2022. According to the lender, the earnings rose from N157.3bn in the first quarter of 2021 to N191.5bn in Q1, 2022. This was

April 29, 2022

Business

IMF Sends Strong Message On Bitcoins

The International Monetary Fund (IMF) has made a strong case against the adoption of Bitcoin as legal tender by countries. Abebe Selassie, director of IMF’s African Department, made this warning on Thursday at a media briefing on the organisation’s economic outlook for

April 28, 2022

GTCO, First Bank Fail To Make Top Five Performing Nigerian Bank Stocks In H1 2023

Business

Banks’ Loan To Nigeria’s Private Sector Rises To N36.37 Trillion

Bank credit to the Nigerian private sector, according to a report by the Central Bank of Nigeria (CBN), rose to N36.37 trillion as of March 2022, representing N1.18 trillion net new loans to the real sector in the first quarter of the

April 28, 2022

Business

Subsidy Hits N1.35tn In Four Months

Subsidy on Premium Motor Spirit, popularly called petrol, between January and March 2022 rose to N675.93bn. This is based on the latest data obtained from the Nigerian National Petroleum Company Limited on Wednesday. The company has informed the Federation Account Allocation Committee

April 28, 2022

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Business - Page 676

Dangote Group Assures Nigerians of Stable Fuel Prices Despite New 15% Import Tariff

IMF Warns, Says Nigeria’s Inflation May Worsen To 16.1% In 2022

Blackout Hits CBN, Army Headquarters Over Network Vandalism

Billionaire Jeff Bezos Loses $20.5 Billion First Time Since 2015

Nasdaq Sees Worst Monthly Drop In 14 Years

Chinese Major Investor In UK Bank Demands Break-up After $83Bn Stock Plunge

20 PFAs Meet N5bn New Capital Benchmark

Zenith Bank’s Quarterly Earnings Rise By 22%

IMF Sends Strong Message On Bitcoins

Banks’ Loan To Nigeria’s Private Sector Rises To N36.37 Trillion

Subsidy Hits N1.35tn In Four Months

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