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Business - Page 678

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

ExxonMobil Foundation, in collaboration with ExxonMobil affiliate companies in Nigeria, on Monday announced new support for partner organizations committed to ending malaria. It said the grants, among other scheduled activities for World Malaria Day, would mark the 20th anniversary of ExxonMobil’s support for programs designed to reduce the burden of malaria in Nigeria.

Business·News·Top Stories

ExxonMobil’s Anti-malaria Campaign Gulps $37.4 million In 20 Years

ExxonMobil Foundation, in collaboration with ExxonMobil affiliate companies in Nigeria, on Monday announced new support for partner organizations committed to ending malaria. It said the grants, among other scheduled activities for World Malaria Day, would mark the 20th anniversary of ExxonMobil’s support

April 25, 2022

Business

DMO Auctions N225bn FGN Bonds At N1,000 Per Unit

The Debt Management Office has offered three new federal government of Nigeria (FGN) bonds valued at N225 billion for subscription by auction. The agency explained that the bonds are valued at N1,000 with a minimum subscription of N50 million, and in multiples

April 25, 2022

Business

Nigeria’s Fiscal Deficit Hits N2.23trn In 3 Months

The Central Bank of Nigeria (CBN) has disclosed that the federal government recorded N2.23 trillion fiscal deficit in the fourth quarter (Q4) of 2021. The CBN made this known in its economic report for the fourth quarter of 2021. Prime Business Africa

April 25, 2022

CBN Denies Discriminating Against People With Physical Disabilities Seeking Job

Business

Why CBN Can’t Float Exchange Rate – Emefiele

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has disclosed that Nigeria cannot afford to operate a floated exchange rate system. This is sequel to the calls and recommendations by the International Monetary Fund, the World Bank and other global

April 23, 2022

Business

IMF Sees Soaring Food Prices In Nigeria, Others Till 2023

The International Monetary Fund (IMF) has disclosed the impact of the war in Ukraine is likely to sustain pressure on commodity prices, affecting oil and gas prices severely in 2022 and food prices well into 2023 in Nigeria and other countries of

April 22, 2022

Access Bank Obtains Central Bank of Angola’s Approval To Acquire 80% of Finibanco

Business·News·Top Stories

PenCom Reacts To Access Bank’s Takeover Bid For First Guarantee Pensions

The National Pension Commission (PenCom) on Thursday reacted to Prime Business Africa’s report on Access Bank’s move to acquire controlling shares in First Guarantee Pensions Limited (FGPL), a pension fund administrator (PFA), saying ‘‘any investor interested in a PFA or any PFA

April 22, 2022

More Woes For Nigerians As Cooking Gas Price Rises By 70%

Business

Cooking Gas Price Rises By 83% In One Year – NBS

A new report by the National Bureau of Statistics (NBS) has claimed that the average retail price for cooking gas increased by 83.62 per cent from N2057.71 in March 2021. The NBS, in the report titled, “Liquefied Petroleum Gas (Cooking Gas) Price

April 22, 2022

Business·Technology·Top Stories

Google Equiano Sea Cable To Create 1.6m Jobs, $10b GDP – Sanwo-Olu

Lagos State Governor, Mr. Babajide Sanwo-Olu on Thursday have insights as to how the landing of a new sea cable system, the Google Equiano, in Nigeria would create 1.6 million jobs and $10 billion in additional Gross Domestic Product (GDP) in just

April 22, 2022

Nigerian Gov’t Spends N96 Out Of Every N100 To Pay Debt - World Bank Says, Reveals Impact

Business

World Bank Reveals Factors Responsible For Food Inflation In Nigeria

The World Bank’s report has claimed that import restrictions and non-flexible exchange rate management of the Central Bank of Nigeria are the major driving forces for food inflation in Nigeria. This was contained in the Washington-based bank in new biannual report by

April 21, 2022

Business

External Reserves Return To Growth Path, Rise By $243.83m In 19 Days

Figures obtained from the Central Bank of Nigeria have claimed that the country’s external reserves rose by $243.83m in 19 days. The CBN made this known in its data on movement in reserves that the value rose from $39.54bn as of April

April 21, 2022

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Business - Page 678

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

ExxonMobil’s Anti-malaria Campaign Gulps $37.4 million In 20 Years

DMO Auctions N225bn FGN Bonds At N1,000 Per Unit

Nigeria’s Fiscal Deficit Hits N2.23trn In 3 Months

Why CBN Can’t Float Exchange Rate – Emefiele

IMF Sees Soaring Food Prices In Nigeria, Others Till 2023

PenCom Reacts To Access Bank’s Takeover Bid For First Guarantee Pensions

Cooking Gas Price Rises By 83% In One Year – NBS

Google Equiano Sea Cable To Create 1.6m Jobs, $10b GDP – Sanwo-Olu

World Bank Reveals Factors Responsible For Food Inflation In Nigeria

External Reserves Return To Growth Path, Rise By $243.83m In 19 Days

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