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Business - Page 687

Dangote–Farouk Saga: Why Damning Claims Brought Down Oil Sector Giants

Dangote–Farouk Saga: Why Damning Claims Brought Down Oil Sector Giants By Dr Marcel Mbamalu In a stunning turn of events, high-profile resignations have rocked Nigeria’s oil sector, leaving many wondering what’s really going on. The sudden exits of Farouk Ahmed and Gbenga

December 22, 2025

Business

IMF Says Rising Crude Oil prices Will Worsen Inflation

The International Monetary Fund (IMF) has disclosed that rising oil prices may lead to high inflation and slow growth across the world. The IMF explained that the rising oil prices may echo the 1970s when geopolitical tensions caused fossil fuel prices to

May 7, 2022

World Bank To Invest $750 million In Nigeria’s Rural Electrification Project

Business

We Haven’t Approved New Electricity Tariff – NERC

The Chairman, Nigerian Electricity Regulatory Commission (NERC), Mr. Sanusi Garba, has said the agency has not approved tariff rate review in the power sector in recent times. Garba who made this known in Abuja on Friday said the last tariff review was

May 7, 2022

Business·News·Technology

NCC Blocks 40% Tariff Hike In Telecom Services, Says No Approval

Following reports on call and SMS tariff increase by Mobile Telecommunications Network Operators in Nigeria in the past few days, the Nigerian Communications Commission (NCC) has allayed the fears of subscribers stating that there was no plan to increase tariff.

May 7, 2022

Central Securities pays N3.7bn to shareholders as Revenue grows by 39.2%

Business·News

Central Securities Pays N3.7bn Dividends To Shareholders As Revenue Grows By 39.2%

Central Securities Clearing System (CSCS) Plc has proposed to pay a total dividend of N3.7 billion to its shareholders, reinforcing the value accretion to its equity owners, who have seen a notable rise in the share price of the company over the

May 6, 2022

21 International Airlines Operating In Nigeria

Business

JUST IN: Airlines To Shut Down Operations From Monday As Aviation Fuel Hits N700

The Airline Operators of Nigeria (AON) has disclosed plans to shut down operations nationwide. AON explained that the shutdown would take effect from Monday, due to the increase in the price of aviation fuel which cost N700 per litre. Prime Business Africa

May 6, 2022

Business

eNaira: CBN Gives Update On Nigeria’s Digital Currency

The Central Bank of Nigeria (CBN) has provided updates on eNaira, saying the Nigeria’s digital currency is easy to access and gives no room for fraud or counterfeiting. The CBN, however, asked market women and leaders to embrace the country’s digital currency.

May 6, 2022

AMA News·Business

France orders 21 more TALIOS optronic pods

Thales has received a firm order from the French defence procurement agency (DGA) for an additional 21 TALIOS optronic pods to equip French forces. With this new order, a total of 67 TALIOS pods will be in service with the French Air

May 6, 2022

Business·News

Transcorp Plc Records Solid Q1 Performance With 147% Profit Increase

Nigerian conglomerate, Transnational Corporation Plc, (Transcorp Group) has reported significant returns in all its major financial indices for the first quarter ended March 31, 2022.

May 5, 2022

AMA News·Business

New E-Book “Sit With Me’’ tells tales of empowered Women battling prejudice

DAKAR, SenegaI, 04 May, 2022 -/African Media Agency (AMA)/- Advocacy group Niyel is pleased to announce the online launch of its illustrated e-book which documents the intimate stories of eleven intergenerational African women’s journey towards self-agency. Titled Sit with Me, the stories shared provide

May 5, 2022

Bank CEOs Meet Over Old Naira Deadline Extension Ahead Of Presidential Election

Business

Bank Deposits Rise To N16.89 Trillion In 3 Months – CBN

Banks’ demand deposits, according to the Central Bank of Nigeria (CBN), rose by N1.1tn in three months to N16.89tn as of the end of March. The data obtained from the CBN revealed that the figure, which stood at N15.81tn as of the

May 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

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 687

Dangote–Farouk Saga: Why Damning Claims Brought Down Oil Sector Giants

IMF Says Rising Crude Oil prices Will Worsen Inflation

We Haven’t Approved New Electricity Tariff – NERC

NCC Blocks 40% Tariff Hike In Telecom Services, Says No Approval

Central Securities Pays N3.7bn Dividends To Shareholders As Revenue Grows By 39.2%

JUST IN: Airlines To Shut Down Operations From Monday As Aviation Fuel Hits N700

eNaira: CBN Gives Update On Nigeria’s Digital Currency

France orders 21 more TALIOS optronic pods

Transcorp Plc Records Solid Q1 Performance With 147% Profit Increase

New E-Book “Sit With Me’’ tells tales of empowered Women battling prejudice

Bank Deposits Rise To N16.89 Trillion In 3 Months – CBN

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Dangote–Farouk Saga: Why Damning Claims Brought Down Oil Sector Giants

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

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Dangote–Farouk Saga: Why Damning Claims Brought Down Oil Sector Giants

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

Dangote–Farouk Saga: Why Damning Claims Brought Down Oil Sector Giants

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