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Business - Page 679

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

Fire Guts Section Of CBN Office In Benue – Report

An emerging report has claimed that there was a fire outbreak at the Makurdi office of the Central Bank of Nigeria (CBN) in Benue state today, Thursday. Prime Business Africa learnt that the fire started from the fuel dome of the bank.

April 21, 2022

Business

Travellers Via Nigerian Airports Increased By 43% To 13m In 2021 – Report

The National Bureau of Statistics (NBS) has disclosed that about 13 million passengers travelled through Nigerian airports in 2021 Prime Business Africa can report that the figure represents a growth rate of 43.41 per cent from 9 million recorded in 2020. The

April 20, 2022

Business

AfDB Okays €9.8m To Support Venture Capital Investments

An equity investment of €9.8 million has been approved as a support venture capital investments in African startups by board of the African Development Bank Group (AfDB). Prime Business Africa is aware that the development finance institution announced this in a statement

April 20, 2022

AMA News·Business

Thales obtains type certification for Spy’Ranger 330 system

Type certification enables the French Army to proceed with operator instruction and training with the SMDR mini-UAS reconnaissance system, deploy it in overseas theatres of operations without requiring specific flight approvals, and sustain it over long periods. Thales worked with partner companies

April 20, 2022

Business

Nigeria’s Economy To Grow By 3.4% In 2022 – IMF

The International Monetary Fund (IMF) has disclosed that Nigeria’s economy would grow by 3.4 per cent in 2022 in its latest world economic outlook projections. The IMF revealed a 3.1 per cent growth projection for the nation in 2023, down from 3.4

April 19, 2022

Business

World Bank Says 60% Of Low-Income Countries In Debt Distress

David Malpass, World Bank Group president, has explained that 60 per cent of low-income countries are in debt distress or at high risk of it. Malpass noted that low-income economies are countries with a gross national income (GNI) per capita of $1,045

April 19, 2022

Concerns For Nigeria's Oil Market As Over 60 Million Barrels Remain Unsold

Business

Oil Earnings Drop By N75.9bn Despite Monthly Price Hike

An emerging report has claimed that Nigeria’s earnings from crude oil has dropped by about N75.9bn this year despite the increase in global oil prices for the third consecutive month in March 2022. The report was contained in the latest data of

April 19, 2022

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

Business

Fuel Subsidy Puts Nigeria’s Economy At High Risk – World Bank

The World Bank has disclosed that increasing fuel subsidy puts the Nigerian economy at a high risk as subsidy payments could significantly impact public finance and pose debt sustainability concerns. The Washington-based lender made this known in a new biannual report known

April 18, 2022

Business

How Nigeria Can Lower Debt Service-To-Revenue – DMO

The Debt Management Office (DMO) has disclosed that Nigeria can lower its debt service-to-revenue ratio if it generates higher revenue like Ghana, Kenya, and Angola. The DMO explained that Nigeria has a revenue-to-Gross Domestic Product ratio of nine per cent while Ghana,

April 16, 2022

Business

Nigeria’s Inflation Hits Six-month High

The consumer price index, which measures the rate of increase in the price of goods and services, rose to the highest level since October 2021. The Consumer Price Index (CPI) report for February 2022, which was released on Friday by the National

April 15, 2022

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Business - Page 679

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

Fire Guts Section Of CBN Office In Benue – Report

Travellers Via Nigerian Airports Increased By 43% To 13m In 2021 – Report

AfDB Okays €9.8m To Support Venture Capital Investments

Thales obtains type certification for Spy’Ranger 330 system

Nigeria’s Economy To Grow By 3.4% In 2022 – IMF

World Bank Says 60% Of Low-Income Countries In Debt Distress

Oil Earnings Drop By N75.9bn Despite Monthly Price Hike

Fuel Subsidy Puts Nigeria’s Economy At High Risk – World Bank

How Nigeria Can Lower Debt Service-To-Revenue – DMO

Nigeria’s Inflation Hits Six-month High

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