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Business - Page 697

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

FG Appoints Acting MD For NAMA, Redeploys Directors In NCAA, FAAN, Others

The appointment of Matthew Pwajok as the acting managing director of the Nigerian Airspace Management Agency (NAMA) has been approved by the federal government. Pwajok, a former director of operations at NAMA, who retired in December 2021, succeeds Fola Akinkuotu, whose tenure expired on

January 13, 2022

Business

Standard Chartered Speaks On Closure Of Nigerian Branches

Standard Chartered Bank has spoken on the closure of 50 percent of its Nigerian branches. On Tuesday, Prime Business reported that the United Kingdom-based banking group would cut branches in Nigeria and focus more on digital banking. Dayo Aderugbo, head, corporate affairs, brand

January 13, 2022

Business

IMF Speaks On Crypto Currencies’ Volatility Effect On Nigeria, Others

The International Monetary Fund has disclosed that the crypto currencies’ high volatility and valuation will soon pose risks to financial stability in countries including Nigeria. The IMF made this known in a blogpost titled, ‘Crypto Prices Move More in Sync With Stocks,

January 13, 2022

Access Bank Raises N351bn, Emerges First Nigerian Bank To Meet CBN’s N500bn Capital Requirement

Business

Access Bank Speaks On Access Capital Investment Platform

Access Bank Plc has disclosed that it has no business engagement or affiliation with Access Capital Investment Platform, an online investment entity. Sunday Ekwochi, company secretary at Access Bank, made this known on Wednesday in a corporate filing on the Nigeria Exchange (NGX).

January 12, 2022

AMA News·Business

Four make-or-break priorities for East Africa’s economic recovery

By Hardeep Sound, Regional Sales Director: East Africa at SAP EAST AFRICA, January 12th, 2021,-/African Media Agency(AMA)/- How does the East African region achieve a full economic recovery from the impact of the pandemic while also building toward a more globally-competitive and sustainable

January 12, 2022

Business

World Bank Projects 2.5% Economic Growth For Nigeria In 2022

The World Bank has foreseen a 2.5 per cent economic growth for Nigeria in 2022, and 2.8 per cent in 2023. Prime Business Africa observed that the 2022 forecast is a slight upward review from the estimated 2.4 per cent growth in

January 12, 2022

FBN Holdings Join Fidelity Bank To Raise New Capital

Business

First Bank Appoints Three New Executive Directors

FBN Holdings Plc has approved the appointment of three new executive directors to the board of its flagship subsidiary, First Bank of Nigeria Limited. The new appointees are Olusegun Alebiosu as executive director, risk management and executive compliance officer; Oluwatosin Adewuyi as

January 12, 2022

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

Business

World Bank Predicts Decline In Global Economic Prospects

Following a strong rebound in 2021, the global economy is entering a pronounced slowdown amid fresh threats from COVID-19 variants and a rise in inflation, debt, and income inequality that could endanger the recovery in emerging and developing economies, according to the

January 11, 2022

Business

Blockchain: All You Need To Know About NFTs Crypto

In reality, digital currencies such as Bitcoin are becoming more and more popular as we launch into a more digitalised society. With the wide penetrating power, many people now believe that cryptocurrencies will eventually replace our traditional paper notes. We all know that

January 11, 2022

Business

A 10-Year Old May Become World’s Youngest To Retire As Multimillionaire

Pixie Curtis, 10 years old, Australian girl is fast on her way to becoming the youngest person in the world to retire a multimillionaire as her toy company made over $140,000 in its first month of operation. Reports say, Curtis currently has

January 11, 2022

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Business - Page 697

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

FG Appoints Acting MD For NAMA, Redeploys Directors In NCAA, FAAN, Others

Standard Chartered Speaks On Closure Of Nigerian Branches

IMF Speaks On Crypto Currencies’ Volatility Effect On Nigeria, Others

Access Bank Speaks On Access Capital Investment Platform

Four make-or-break priorities for East Africa’s economic recovery

World Bank Projects 2.5% Economic Growth For Nigeria In 2022

First Bank Appoints Three New Executive Directors

World Bank Predicts Decline In Global Economic Prospects

Blockchain: All You Need To Know About NFTs Crypto

A 10-Year Old May Become World’s Youngest To Retire As Multimillionaire

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