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Business - Page 701

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

PoS Transactions Hit N13.67tn In Three Years – Report

Point of Sale Transactions has risen to N13.67tn in three years, according to data obtained from the Nigeria Inter-Bank Settlement System Plc portal. The data showed that the aggregate PoS transactions between January 2019 and November 2021 was N13.67tn while total cheque

December 29, 2021

CBN Orders Nigerian Banks To Lift Restriction On Accounts Of Crypto, Other Firms

Business

CBN Disburses N108.65bn To Hospitals, Pharmaceutical Firms

The Central Bank of Nigeria (CBN) disclosed that it has disbursed N108.65bn to hospitals and pharmaceutical industry in 18 months. The CBN disclosed this at the last Monetary Policy Committee meeting. According to Central Bank, “The bank has also cumulatively disbursed the

December 29, 2021

IATA Increases International Flight Tickets In Nigeria By Over 20%

Business

Plane Cabin Remains Low-Risk Environment For Omicron – IATA

The International Air Transport Association (IATA) has disclosed that plane cabin is a ‘low-risk environment’ for COVID-19 pandemic, including the Omicron variant. The IATA explained that factors which contribute to the very low risks include aircraft design characteristics (direction of airflow, rate

December 28, 2021

Business·Markets

Titan’s Union Bank Acquisition A Rescue Or Inorganic Growth Mission?

Like the Biblical Joseph’s dream wherein tiny hungry-looking cow swallowed up a fat one with so much ease, the news of the purchase of 104-year-old bank by a two-year-old gripped national attention as 2021 draws to a close. No doubt, Union has

December 25, 2021

Business

Arik Sacks Pilots For Embarking On Strike

Emerging reports have claimed that Arik Air has dismissed some of its pilots for embarking on a strike. The airline described as gross act of indiscipline the alleged decision of the pilots to embark on the strike “without recourse to lay down

December 24, 2021

Business

FEC Approves N65.3bn For Power Projects In 2022

The Federal Executive Council meeting has approved N65.39bn in foreign and local denominations to execute power projects in the country. The Minister of Power, Abubakar Aliyu, made this known to State House Correspondents on Thursday at the end of an extraordinary meeting

December 24, 2021

Business

WHO Sounds Warning Over Fast-Spreading Omicron Variant

The head of the World Health Organization (WHO) on Monday said Omicron variant is spreading faster than the Delta variant and is causing infections in people already vaccinated or who have recovered from the COVID-19 disease. WHO chief scientist Soumya Swaminathan said it

December 21, 2021

Nigeria Accounts For 35% Of Foreign Airlines’ Trapped Funds Globally

Business

FG Reinstates Emirates’ Flight Schedule To Nigeria

The federal government disclosed that it has reinstated Emirates’ winter flight schedule to Nigeria. The schedule consisted of 21 weekly passenger flights to Nigeria, comprising two daily flights to Lagos airport and one daily flight to Abuja airport. This was contained in

December 21, 2021

Business

NERC Records 6.3 Million Unmetered Customers Despite Mass Meter Deployment

The Nigerian Electricity Regulatory Commission (NERC) has put the number of unmetered power users across the country at about 6.3 million, despite the mass deployment of meters by the Federal Government. In its just released Second Quarter 2021 report, the commission decried

December 21, 2021

Business·Uncategorized

60% African Tech Funding Secured By Nigeria Start-ups – US

The United States has revealed that Nigeria secured most of the tech start-up funding in Africa for 2021. Speaking at the Nigeria Tech Summit in Abuja, the U.S. Ambassador to Nigeria, Mary Beth Leonard, said African start-ups raised about $2.9 billion in

December 20, 2021

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Business - Page 701

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

PoS Transactions Hit N13.67tn In Three Years – Report

CBN Disburses N108.65bn To Hospitals, Pharmaceutical Firms

Plane Cabin Remains Low-Risk Environment For Omicron – IATA

Titan’s Union Bank Acquisition A Rescue Or Inorganic Growth Mission?

Arik Sacks Pilots For Embarking On Strike

FEC Approves N65.3bn For Power Projects In 2022

WHO Sounds Warning Over Fast-Spreading Omicron Variant

FG Reinstates Emirates’ Flight Schedule To Nigeria

NERC Records 6.3 Million Unmetered Customers Despite Mass Meter Deployment

60% African Tech Funding Secured By Nigeria Start-ups – US

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