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Business - Page 683

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

ASUU: We Have Agreed To Pay N34bn Minimum Wage Arrears – FG

The federal government has disclosed its readiness to spend about N34 billion as arrears of Minimum Wage Consequential Adjustments in the education sector effective from 2019. The Minister of Labour and Employment, Sen. Chris Ngige, disclosed that this was aimed at resolving

May 24, 2022

Business·News·Sports

UK Government Approves Chelsea’s £4.25billion Takeover

Chelsea’s proposed takeover by the Todd Boehly/Clearlake Consortium is nearing completion after talks accelerated with the UK government speaking with 'international partners' according to the spokesman of Prime minister Boris Johnson on Tuesday

May 24, 2022

AMA News·Business

Call for proposals issued by Niyel for cross collaboration on research into African data governance

DAKAR, SenegaI, 24 May 2022-/African Media Agency (AMA)/- Advocacy group Niyel is excited to launch a Call for Proposals (CFP) into cross-country collaboration initiatives on behalf of the Africa Data Governance Opportunity Fund. The Fund will consider providing grants for up to five

May 24, 2022

Business

Cashless Transactions Rise By 44%, Hit N117.33tn In Four Months – NIBSS

Cashless transactions, according to data from the Nigeria Inter-Bank Settlement System (NIBSS), rose by 44 per cent year-on-year to hit N117.33tn in the first four months of 2022. From January 2022 to April 2022, N117.33tn was processed through electronic channels, which is

May 24, 2022

Business

CBN Raises Interest Rate To 13%, First Time In Over Five Years

The policy-setting committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which measures interest rate, to 13 per cent to tame rising inflation. The monetary policy rate (MPR) is the baseline interest rate in an economy,

May 24, 2022

AMA News·Business·Sports

Ducati accelerates innovation and customer experience with SAP

Ducati to drive SAP innovation to improve and enrich its customers’ experiences Claudio Domenicali, CEO Ducati: “Having a partner like SAP at our side will allow us to make our supply chain, so complex and subject to transformation in recent years, even

May 24, 2022

Business·News·Top Stories

EXCLUSIVE: Litigation Greets Access Holdings’ ‘Illegal’ Takeover Bid For First Guarantee Pensions

Lagos-based Business lawyer, Chuks Nwachuku, has insisted that moves by Access Holdings Ltd to acquire controlling shares of First Guarantee Pensions Limited remain illegal despite media announcement of a successfully completed deal. Prime Business Africa (PBA) also reports authoritatively that the matter

May 23, 2022

Business·News·Sports

Napoli Turns Down Arsenal’s N39b Offer For Osimhen

Serie A side Napoli has rejected a big offer worth a staggering £76million from Arsenal for Nigeria striker Victor Osimhen according to reports from Italian outfit Calcio Mercato.

May 22, 2022

Business·News·Sports

Mbappe Signs Three-year Contract Renewal With PSG, Set To Earn €100m Annual Salary

France and Paris Saint-Germain forward Kylian Mbappe on Saturday evening announced that he will be renewing his contract until 2025 with the French billionaires amid interest from Real, Madrid.

May 21, 2022

Business

AfDB Okays $1.5 billion To Address Potential Food Crisis In Africa

The African Development Bank (AfDB ) has approved a $1.5 billion emergency food production facility for about 20 million farmers in Africa. Prime Business Africa learnt that the fund is expected tonavoid a looming food crisis exacerbated by the war between Russia

May 20, 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 683

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

ASUU: We Have Agreed To Pay N34bn Minimum Wage Arrears – FG

UK Government Approves Chelsea’s £4.25billion Takeover

Call for proposals issued by Niyel for cross collaboration on research into African data governance

Cashless Transactions Rise By 44%, Hit N117.33tn In Four Months – NIBSS

CBN Raises Interest Rate To 13%, First Time In Over Five Years

Ducati accelerates innovation and customer experience with SAP

EXCLUSIVE: Litigation Greets Access Holdings’ ‘Illegal’ Takeover Bid For First Guarantee Pensions

Napoli Turns Down Arsenal’s N39b Offer For Osimhen

Mbappe Signs Three-year Contract Renewal With PSG, Set To Earn €100m Annual Salary

AfDB Okays $1.5 billion To Address Potential Food Crisis In Africa

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

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

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

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

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Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

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

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