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Business - Page 684

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

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

Business

Price Of 12.5kg Cooking Gas Increased By 89% In One Year – NBS

The National Bureau of Statistics (NBS) has disclosed that the price of 12.5kg liquefied petroleum gas, better known as cooking gas, has increased by 89.10 per cent year-on-year. The NBS disclosed this in its latest report on liquefied petroleum gas (cooking gas) price watch

May 20, 2022

Business

Buhari Appoints Semiu Adeniran As New Statistician-General

President Muhammadu Buhari has appointed Semiu Adeyemi Adeniran as the substantive statistician-general of the federation and chief executive officer of the National Bureau of Statistics (NBS). Sufuyan Ojeifo, special assistant (Media) to the minister of state, budget and national planning, made this

May 20, 2022

Business·News

FOOD INSECURITY: IMF Seeks Coordination Among Financial Institutions

Kristalina Georgieva, managing director, International Monetary Fund (IMF), said coordination among international financial institutions (IFIs) is crucial to alleviating food insecurity in vulnerable countries. Georgieva made this known in a statement published on IMF’s website on Wednesday. The IMF chief said Russia’s invasion

May 19, 2022

Business

FG Approves N169.72bn Private Sector Investments In Roads

The Federal Executive Council has approved N169.7bn private sector investments for at least four road infrastructures through the government’s Tax Credit Scheme. The Minister of Works and Housing, Babatunde Fashola, disclosed this to State House correspondents at the end of the council

May 19, 2022

250 Businesswomen To Participate In US Entrepreneurship Programme 2022

Business·News

250 Businesswomen To Participate In US Entrepreneurship Scheme 2022

Two hundred and fifty Nigerian business women have been selected to participate in the fourth cohort of the Academy for Women Entrepreneurs (AWE).

May 18, 2022

Business

FG Suspends Nigeria’s Accountant-General Over Alleged N80bn Fraud

Federal Government has indefinitely suspended the Accountant General of the Federation, Ahmed Idris, over alleged N80 billion fraud. Prime Business Africa learnt that Idris was suspended by the Minister of Finance, Budget and National Planning, Zainab Ahmed, on Wednesday. In a letter

May 18, 2022

Business·News·Sports

Financial Technology Company Signs Three-year Deal With NPFL

A leading financial technology company, Bitnob Technologies has penned a sponsorship deal with the Nigeria Professional Football League for the development of the top flight league in Nigeria.

May 18, 2022

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

Business

Nigeria’s Diasporan Remittances To Increase Over Rising Food Prices – World Bank

Nigeria’s Diaspora remittance inflow, according to the World Bank, will increase to $29bn in 2022 because of higher food prices and the continued adoption of official bank channels. The lobal bank explained that migrants from the country are likely to send more

May 18, 2022

Business

NERC Says No Hike In Electricity Tariffs

The Nigerian Electricity Regulatory Commission (NERC) has claimed that there is no hike in electricity tariffs. The electricity market regulator made this known in a statement titled ‘Notice of Compliance in Respect of the Biannual Review of the Revenue Requirements of Licenses’

May 18, 2022

REVEALED: Why UK, EU Countries, Others Reject Food, Drug Exports From Nigeria

Business

Nigeria’s Q1 Trade Deficit Rose By 175%, Hit $764m – Report

The value of Nigeria’s international trade deficit, according to data from the Central Bank of Nigeria, rose by 175.13 per cent from $152.94m in January 2022 to $420.79m in March 2022. Prime Business Africa obtained this International Trade Summary from the CBN’s

May 18, 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 684

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

Price Of 12.5kg Cooking Gas Increased By 89% In One Year – NBS

Buhari Appoints Semiu Adeniran As New Statistician-General

FOOD INSECURITY: IMF Seeks Coordination Among Financial Institutions

FG Approves N169.72bn Private Sector Investments In Roads

250 Businesswomen To Participate In US Entrepreneurship Scheme 2022

FG Suspends Nigeria’s Accountant-General Over Alleged N80bn Fraud

Financial Technology Company Signs Three-year Deal With NPFL

Nigeria’s Diasporan Remittances To Increase Over Rising Food Prices – World Bank

NERC Says No Hike In Electricity Tariffs

Nigeria’s Q1 Trade Deficit Rose By 175%, Hit $764m – Report

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