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Business - Page 688

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

AMA News·Business

Viva Technology, IFC announce 45 emerging start-ups with biggest impact potential in Africa to compete for the 2022 AfricaTech Awards

PARIS, France, 04th May 2022 -/African Media Agency (AMA)/- Viva Technology and the International Finance Corporation (IFC) announced today the top 45 start-ups that have been long-listed for the first edition of the AfricaTech Awards. This pan-African initiative, supported by Proparco, aims to

May 4, 2022

Business

Alakija Urges Banks To Reduce Stringent Conditions For SMEs

Nigerian philanthropist and businesswoman, Mrs. Folorunso Alakija, has called on Nigerian government to ask banks in the country to reduce their stringent requirements in order to support and enable small and medium enterprises to thrive and contribute to the economy. Alakija, who

May 3, 2022

Business

Nigerians Use PoS 178.9 Million Times In Two Months – NIBSS

Data obtained from the Nigeria Inter-Bank Settlement System Plc portal showed that Nigerians made use of Point of Sale terminals 3.03 million daily times to process payments in the first two months of 2022 as the use of cheques dropped to a

May 3, 2022

Nigeria’s Crude Oil Production Surges To 1.3mbpd

Business

Nigeria’s Crude Oil Output Drops 1.2 Million Barrels – OPEC

Insufficient investments in the oil sector have limited the capacity of Nigeria and other OPEC member nations to pump the volumes of crude oil approved by the organisation. The Organisation of Petroleum Exporting Countries (OPEC) disclosed in its latest report, noting that

May 3, 2022

AMA News·Business

Network International Joins 8th Africa Bank 4.0 Summit – CEO Exclusive As Powered Sponsor, To Promote Digital Innovation Within The African Fiscal Sector

BII World and Network International (Powered Sponsor) are excited to announce the dates for the 8th Africa Bank 4.0 Summit – CEO Exclusive, which will be hosted In-Person over 5 days (23- 27th May 2022) in Nairobi – Kenya NAIROBI, Kenya, 28 April 2022,

May 3, 2022

AMA News·Business

Business transformation project delivers the goods for Fargo Courier

NAIROBI, Kenya, 3rd May 2022 -/African Media Agency(AMA)/- One of Kenya’s leading third-party logistics companies has unlocked greater integration, improved controls, and established a strong platform for its ambitious growth and expansion plans following a landmark business transformation project – with SAP S/4HANA

May 3, 2022

Breaking: CBN Tell Banks To Increase Interest Rate On Loan, Set MPR At 18.5%

Business·News·Top Stories

Liquidity, Inflation Worries As APC, PDP Target N60Bn In Sale Of Nomination Forms

Nigeria’s two main political parties – the All Progressives Congress (APC) and the opposition People’s Democratic Party (PDP) – will rake in more than N60 billion from the ongoing sale of nomination and expression of interest forms, inside sources told Prime Business

May 2, 2022

Business

IMF Warns, Says Nigeria’s Inflation May Worsen To 16.1% In 2022

The International Monetary Fund (IMF) has foreseen that Nigeria’s Consumer Price Index will hit 16.1 per cent in 2022. This forecast was presented in a tabular illustration in the IMF’s Regional Economic Outlook for Sub-Saharan Africa released last week, which was published

May 2, 2022

Business

Blackout Hits CBN, Army Headquarters Over Network Vandalism

There was a total blackout at the headquarters of the Central Bank of Nigeria, the Nigerian Army, Federal Ministry of Finance, on Sunday due to the vandalism of the power network in the Central Business District of the Federal Capital Territory. The

May 2, 2022

Business

Billionaire Jeff Bezos Loses $20.5 Billion First Time Since 2015

Jeff Bezos, Amazon’s founder and chairman, has lost $20 billion of his net worth, as the stock of the company is heading for its worst day in eight years. Amazon’s shares plunged over 15% after it announced its first quarterly loss since

May 1, 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 688

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

Viva Technology, IFC announce 45 emerging start-ups with biggest impact potential in Africa to compete for the 2022 AfricaTech Awards

Alakija Urges Banks To Reduce Stringent Conditions For SMEs

Nigerians Use PoS 178.9 Million Times In Two Months – NIBSS

Nigeria’s Crude Oil Output Drops 1.2 Million Barrels – OPEC

Network International Joins 8th Africa Bank 4.0 Summit – CEO Exclusive As Powered Sponsor, To Promote Digital Innovation Within The African Fiscal Sector

Business transformation project delivers the goods for Fargo Courier

Liquidity, Inflation Worries As APC, PDP Target N60Bn In Sale Of Nomination Forms

IMF Warns, Says Nigeria’s Inflation May Worsen To 16.1% In 2022

Blackout Hits CBN, Army Headquarters Over Network Vandalism

Billionaire Jeff Bezos Loses $20.5 Billion First Time Since 2015

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

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

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

SAFE IN NIGERIA: Boris Johnson’s Claim and the outrage

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

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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

Dollar Trades Flat In Black Market, Appreciates In Official Window

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

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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