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Business - Page 678

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

Interswitch To Pay Employees’ Spouse Allowance, Children’s Education Fee

Spouses of Interswitch employees will now receive allowances from the African payment company, as the firm expands its payment structure beyond the workers. The move is meant to improve productivity in the organisation. Interswitch said the management understands that the loyalty the

June 7, 2022

Business

BDC Operators Address Unstable Forex Rates, As Naira Hit N615 Per Dollar

The Association of Bureaux De Change Operators of Nigeria (ABCON) has urge the Central Bank of Nigeria (CBN) to partner with the group in order to end multiple exchange rates, as rise Naira grows weaker. Naira had closed the official market at

June 7, 2022

Business·Insights

How Segun Agbaje Lost N143.05 million in Three Months, Amid GTCO’s Poor Financial Performance

The last three months has been a disappointing period for investment banker, Segun Agbaje, the Group Chief Executive Officer of Guaranty Trust Holding Company (GTCO), as his total investment in the financial institution fell by -16.5%. Agbaje lost N143.05 million after his

June 7, 2022

AMA News·Business

SAP closes gap between sustainability and profitability with solutions for Africa

From Left_Tracy_Bolton_Dumisani Moyo _ Kwena Mabotja JOHANNESBURG South Africa, 7th June 2022 -/African Media Agency(AMA)/- On Friday 03 June, SAP introduced its Sustainability Solution Strategy for customers on the African continent at an event in Johannesburg. According to SAP Africa Chief Operating Officer

June 7, 2022

Business

Airtel, MTN, 9mobile Are Biggest Losers, As Nigerians Leave Network For Rivals

In the last four months, Airtel, 9mobile and MTN Nigeria were the biggest losers in the telecommunications market, as over 15,000 network users left one telco to the other, using the porting channel. The porting channel is used by subscribers who don’t

June 7, 2022

Business·Finance & Economy

Afreximbank, Titan Trust Bank Sign $300 million Deal To Provide $3bn To Traders

Titan Trust Bank (TTB) obtained $300 million from African Export Import Bank (Afreximbank) to acquire Union Bank Nigeria. The financial backing will see Titan Trust leverage on the acquisition to provide capital for intra-African trade. Why Afreximbank back Titan Trust Bank? Afreximbank

June 7, 2022

Business

Nigeria Air Operation Delayed For Another Four Months, Reasons Revealed

Nigeria Air is set to receive the needed Air Transport Licence (ATL) from the Nigerian Civil Aviation Authority (NCAA), but the national carrier won’t start operation in the next four months. The ATL is expected to be issued on Monday, but Nigeria

June 6, 2022

Business·Oil & Gas

Oil Price Falls, Put Nigeria’s Fuel Cost Above N300 Per Litre

Crude oil price opened trading on Monday at a loss, falling -0.72%, but it level is still a problem to the Nigerian government, which has been unable to profit from the 52% surge year-to-date, compared to other members of the Organisation of

June 6, 2022

Business

Wema Bank Chief Reveals Secrets On Data Storage

Managing Director and Chief Executive Officer of Wema Bank Plc, Mr. Ademola Adebise, has advised accountants to store data safely and protect them against cyber threats and other criminal breaches. Adebise said this at the 16th Institute of Chartered Accountants of Nigeria

June 6, 2022

Business·Insights·Opinion

Business In Tech For The Visually Impaired

Blindness is not a rarity in Nigeria. The limitations can, however, be circumvented with appropriate technologies and conducive support systems.

June 5, 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

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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 678

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

Interswitch To Pay Employees’ Spouse Allowance, Children’s Education Fee

BDC Operators Address Unstable Forex Rates, As Naira Hit N615 Per Dollar

How Segun Agbaje Lost N143.05 million in Three Months, Amid GTCO’s Poor Financial Performance

SAP closes gap between sustainability and profitability with solutions for Africa

Airtel, MTN, 9mobile Are Biggest Losers, As Nigerians Leave Network For Rivals

Afreximbank, Titan Trust Bank Sign $300 million Deal To Provide $3bn To Traders

Nigeria Air Operation Delayed For Another Four Months, Reasons Revealed

Oil Price Falls, Put Nigeria’s Fuel Cost Above N300 Per Litre

Wema Bank Chief Reveals Secrets On Data Storage

Business In Tech For The Visually Impaired

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