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Business - Page 689

Zimbabwe Tops List of Africa’s Most Expensive Mobile Data as Nigeria Ranks Among Cheapest

Zimbabwe has emerged as the country with the most expensive mobile data costs in Africa, according to a new survey by global broadband pricing firm Cable.co.uk, highlighting stark disparities in internet affordability across the continent, Prime Business Africa reports. The report, which

December 22, 2025

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

Business·Top Stories·World News

Nasdaq Sees Worst Monthly Drop In 14 Years

An April 2022 tech-dominated index fall saw Nasdaq composite index sinking 14.2 percent on Friday, in what represents the worst monthly decline since October 2008. Trading to a new session low, the Nasdaq index was down 3 percent and reaching 12481.76, and

April 30, 2022

Business·World News

Chinese Major Investor In UK Bank Demands Break-up After $83Bn Stock Plunge

China’s Ping An Insurance Group Co., the biggest investor in one of UK’s biggest banks HSBC, has called for the UK bank’s break-up after its stocks plunged by $83 billion. Analysts cite ‘China risk’ and money laundering report as factors causing the

April 30, 2022

Business·News

20 PFAs Meet N5bn New Capital Benchmark

National Pension Commission has announced that 20 Pension Fund Administrators (PFAs) have complied with its N5 billion minimum regulatory capital requirement for operations.

April 30, 2022

Business

Zenith Bank’s Quarterly Earnings Rise By 22%

Zenith Bank Plc has announced that its gross earnings rose by 22 per cent in the first quarter of 2022. According to the lender, the earnings rose from N157.3bn in the first quarter of 2021 to N191.5bn in Q1, 2022. This was

April 29, 2022

Business

IMF Sends Strong Message On Bitcoins

The International Monetary Fund (IMF) has made a strong case against the adoption of Bitcoin as legal tender by countries. Abebe Selassie, director of IMF’s African Department, made this warning on Thursday at a media briefing on the organisation’s economic outlook for

April 28, 2022

GTCO, First Bank Fail To Make Top Five Performing Nigerian Bank Stocks In H1 2023

Business

Banks’ Loan To Nigeria’s Private Sector Rises To N36.37 Trillion

Bank credit to the Nigerian private sector, according to a report by the Central Bank of Nigeria (CBN), rose to N36.37 trillion as of March 2022, representing N1.18 trillion net new loans to the real sector in the first quarter of the

April 28, 2022

Business

Subsidy Hits N1.35tn In Four Months

Subsidy on Premium Motor Spirit, popularly called petrol, between January and March 2022 rose to N675.93bn. This is based on the latest data obtained from the Nigerian National Petroleum Company Limited on Wednesday. The company has informed the Federation Account Allocation Committee

April 28, 2022

Business

FEC Approves Three Contracts To Boost Electricity Supply

The Federal Executive Council (FEC) today, Wednesday, 27, approved three contracts to boost the electricity supply in the country. The council gave the approval during the weekly meeting presided over by President Muhammadu Buhari. Abubakar Aliyu, minister of power, while briefing journalists

April 27, 2022

Business

Customers Can Now Get Prepaid Meters Within 24 Hours – Ikeja Electric

Ikeja Electric Plc (IE), an electricity distribution company in Lagos, has disclosed that customers can get prepaid meters within 24 hours. The company, in a statement, said the one-day metering initiative, which commenced on Tuesday at its Shomolu business unit for customers

April 27, 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 689

Zimbabwe Tops List of Africa’s Most Expensive Mobile Data as Nigeria Ranks Among Cheapest

Billionaire Jeff Bezos Loses $20.5 Billion First Time Since 2015

Nasdaq Sees Worst Monthly Drop In 14 Years

Chinese Major Investor In UK Bank Demands Break-up After $83Bn Stock Plunge

20 PFAs Meet N5bn New Capital Benchmark

Zenith Bank’s Quarterly Earnings Rise By 22%

IMF Sends Strong Message On Bitcoins

Banks’ Loan To Nigeria’s Private Sector Rises To N36.37 Trillion

Subsidy Hits N1.35tn In Four Months

FEC Approves Three Contracts To Boost Electricity Supply

Customers Can Now Get Prepaid Meters Within 24 Hours – Ikeja Electric

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Zimbabwe Tops List of Africa’s Most Expensive Mobile Data as Nigeria Ranks Among Cheapest

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

Dangote Explains Why Cement Costs More in Nigeria Than Abroad

Papiri Kidnap Saga Ends as Last Batch of Abducted Pupils Regain Freedom

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

Zimbabwe Tops List of Africa’s Most Expensive Mobile Data as Nigeria Ranks Among Cheapest

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