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Business - Page 701

Stock Market Rally Halted As Demand For Ecobank, PZ Cussons Shares Dropped

ALEX Leads NGX Gainers’ List, Guinea Insurance Among Losers

At the end of trading in the Nigerian stock market on Monday, December 22, the capitalisation of the Nigerian Exchange (NGX) Limited closed at N97.19 trillion. Also, the all-share index (ASI) of the NGX stood at 152,459.07 ASI. Equity traders exchanged 451,52

December 22, 2025

Business·News·Top Stories

Court Issues Bench Warrant In N10.7 Billion Ponzi Case

The Federal High Court sitting in Lagos has issued a bench warrant for the arrest of one Joshua Adeyinka Kayode, a 22-year-old defendant who is standing trial for allegedly defrauding over 170 investors of N10.7 billion through a sham investment scheme. The

February 20, 2022

Business·News·Technology·Top Stories

Wema Bank Chief Reveals Secrets On Data Storage

Managing Director and Chief Executive Officer of Wema Bank Plc, Mr. Ademola Adebise, has advised accountants to store data safely and protect them against cyber threats and other criminal breaches. Adebise said this at the 16th Institute of Chartered Accountants of Nigeria

February 19, 2022

Cooking Gas Marketers Reveal Panic Buying Could Raise Price In Nigeria

Business·News·Top Stories

12.5kg Cooking Gas Hits N8,000 In January – NBS

National Bureau of Statistics (NBS) disclosed that residents in Osun, Abuja and Oyo states paid the highest amount for liquefied petroleum gas, better known as cooking gas, in January 2022. Prime Business Africa gathered that the average price for refilling a 12.5kg

February 18, 2022

Business

Yewande Sadiku, Ex-NIPC Boss, Appointed Into Flour Mills Board

Flour Mills of Nigeria Plc (FMN) has appointed Yewande Sadiku, former CEO and executive secretary of the Nigerian Investment Promotion Commission (NIPC), to its board. In a corporate filing on the Nigerian Exchange (NGX) on Friday, Umolu Joseph, company secretary of FMN, explained

February 18, 2022

AMA News·Business

Media Advisory – February 22 Digital Press briefing with Deputy Assistant Secretary of State, Akunna Cook and Prosper Africa Acting Chief Operating Officer, Leslie Marbury

JOHANNESBURG, South Africa, February 18, 2022, -/African Media Agency (AMA)/- EVENT: Please join us on Tuesday, February 22, 2022, for a digital press briefing on the growing economic and commercial ties between the United States and the African continent. Deputy Assistant Secretary of State Akunna

February 18, 2022

Agro-Economy·Business·News

Sugar Council Debunks Report Of Sugar Sales Suspension

Executive Secretary of the National Sugar Development Council (NSDC), Mr Zacch Adedeji has denounced reports of suspension of the production and selling of sugar products in Nigeria.

February 18, 2022

Agro-Economy·Business·News

BUA Foods’ Sugar Factory To Process 10,000 Tonnes Of Cane Per Day

BUA foods' sugar refinery, LASUCO which worth over $300 million is expected to process 10,000 tonnes of cane per day and an annual capacity of 220,000 metric tonnes, when fully completed.

February 17, 2022

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

Business

Bank Loans To Private Sector Rise By N5.1tn, Hit N36.7tn – CBN

The Nigerian banking sector’s credit to the private sector between January and December 2021, rose by N5.1tn or 16.67 per cent, according to data obtained from the Central Bank of Nigeria. Prime Business Africa obtained this from the Money and Credit statistics

February 17, 2022

Business·News

Flour Mills Knocks BUA Foods Over Alleged Sugar Sale Suspension

Flour Mills Nigeria Plc has said it did not suspend sale of sugar as stated by BUA Foods, in a publication that circulated in the media in the past few days.

February 17, 2022

Business

FG Releases 5G Spectrum To NCC For Deployment

Isa Pantami, the minister of communication and digital economy, has formally released the spectrum of the fifth-generation (5G) network to the Nigeria Communications Commission (NCC). Pantami made this known in Abuja while giving a keynote address during the public workshop on national

February 17, 2022

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Business - Page 701

ALEX Leads NGX Gainers’ List, Guinea Insurance Among Losers

Court Issues Bench Warrant In N10.7 Billion Ponzi Case

Wema Bank Chief Reveals Secrets On Data Storage

12.5kg Cooking Gas Hits N8,000 In January – NBS

Yewande Sadiku, Ex-NIPC Boss, Appointed Into Flour Mills Board

Media Advisory – February 22 Digital Press briefing with Deputy Assistant Secretary of State, Akunna Cook and Prosper Africa Acting Chief Operating Officer, Leslie Marbury

Sugar Council Debunks Report Of Sugar Sales Suspension

BUA Foods’ Sugar Factory To Process 10,000 Tonnes Of Cane Per Day

Bank Loans To Private Sector Rise By N5.1tn, Hit N36.7tn – CBN

Flour Mills Knocks BUA Foods Over Alleged Sugar Sale Suspension

FG Releases 5G Spectrum To NCC For Deployment

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Sanwo-Olu Expresses Excitement as Lagos Prepares for Eyo Festival Honouring Four Eminent Nigerians

ALEX Leads NGX Gainers’ List, Guinea Insurance Among Losers

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