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Business - Page 692

Aliko Dangote Makes History as First African to Hit $30 Billion Net Worth

Africa’s richest man, Aliko Dangote, has reached a historic milestone, becoming the first African to attain a net worth of $30.5 billion, according to the latest update from the Bloomberg Billionaires Index. As of October 25, 2025, Bloomberg ranks Dangote 73rd globally,

October 25, 2025

Business

Flour Mills Announces N25bn Profit, Plans Expansion

Flour Mills of Nigeria Plc has announced a profit before tax of N25bn for a nine-month period. The company recorded solid performance across food, agro-allied and support segments, delivering topline growth of 51 per cent in the third quarter and 49 per

February 2, 2022

Business

Air Peace Has Submitted Request To Resume Flights In March – FG Writes UAE

The federal government has written the authorities in the United Arab Emirates (UAE) to approve the request by Air Peace for the resumption of passenger flights. The government said this in a letter addressed to Saif Mohammed Al Suwaid, director-general (DG) of

February 2, 2022

Business

Airtel Africa Appoints Emeka Oparah As Vice President, Corporate Communications

Airtel Africa Plc has approved the appointment of Emeka Oparah, a communications professional, as vice-president, corporate communications. Airtel disclosed this in a statement issued on Tuesday, saying Oparah will manage the image of Airtel Africa in its 14 African markets, including Nigeria, as

February 2, 2022

Business

FBN Holdings Appoints Julius Omodayo-Owotuga As Non-Executive Director

The management of First Bank Holdings Plc has appointed Julius B. Omodayo-Owotuga, deputy chief executive of Geregu Power Plc, as a non-executive director. Seye Kosoko, FBN Holdings’ company secretary, made this known in a statement posted on the Nigeria Exchange Limited (NGX)

February 1, 2022

Nigerian Banks Rely More On Liquidity, As Borrowing From CBN Rises To N19.8trn

Business·Finance & Economy

Imports: Banks Rally Elite Customers For New Product Price Verification Mechanism

Banks are now sending out notices to potential import and export business customers for the first phase of the Central Bank of Nigeria (CBN) workshop on the new Product Price Verification Mechanism in Abuja. The workshop will hold on Thursday February 3,

February 1, 2022

Governor of Nigerias Central Bank Godwin Emefiele

Business

28 Companies Benefitted In First Cycle Of ‘100 For 100’ Policy – Emefiele

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has disclosed that 28 companies benefitted from the first cycle of the 100 for 100 policy on production and productivity (PPP). Emefiele made this known on Monday during the flag-off of the

February 1, 2022

Business

Aregbesola Says Passport Processing In Nigeria Needs Urgent Reform

The minister of Interior, Rauf Aregbesola, has disclosed that the international passport application process in the country needs an urgent and strategic reform that will address bottlenecks applicants encounter during request. Aregbesola, who disclosed at the Lagos Business School, acknowledged that there

February 1, 2022

Business

Mexico’s Economy Slides Into Technical Recession

New reports and statistics have confirmed that the Mexican economy has entered into a technical recession due to the effects of the coronavirus pandemic. Reports say, trouble actually started for the country at the end of last year with two consecutive quarters

January 31, 2022

CBN Owes Goldman Sachs, JP Morgan $7.5bn, Releases Financials Amid Probe

Business

How To Lodge A Complaint Against Your Bank – CBN

The Central Bank of Nigeria (CBN) has released a guide on how and where you can lodge a complaint against financial institutions it regulates. Prime Business Africa can report that financial institutions include Deposit Money Banks (DMBs), Microfinance Banks (MFBs), Primary Mortgage

January 31, 2022

Financial Obligations Force MTN Nigeria To Borrow N125bn From Commercial Paper Investors

Business

MTN Nigeria Records N1.65 Trillion Revenue In 2021, 45.5% Growth Net Profit

MTN Nigeria Communications Plc (MTN Nigeria) has announced a 22.90% growth in revenue from N1.35 trillion to N1.65 trillion in the current period. Prime Business Africa obtained this from the telecom giant’s 2021 FY Audited Financial Statement made available on the Nigeria Exchange

January 31, 2022

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Business - Page 692

Aliko Dangote Makes History as First African to Hit $30 Billion Net Worth

Flour Mills Announces N25bn Profit, Plans Expansion

Air Peace Has Submitted Request To Resume Flights In March – FG Writes UAE

Airtel Africa Appoints Emeka Oparah As Vice President, Corporate Communications

FBN Holdings Appoints Julius Omodayo-Owotuga As Non-Executive Director

Imports: Banks Rally Elite Customers For New Product Price Verification Mechanism

28 Companies Benefitted In First Cycle Of ‘100 For 100’ Policy – Emefiele

Aregbesola Says Passport Processing In Nigeria Needs Urgent Reform

Mexico’s Economy Slides Into Technical Recession

How To Lodge A Complaint Against Your Bank – CBN

MTN Nigeria Records N1.65 Trillion Revenue In 2021, 45.5% Growth Net Profit

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