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Business - Page 705

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

Omicron: Economists Speak On Travel Bans, Way Forward

Over a couple of weeks ago, South Africa broke a negative report of new COVID-19 pandemic named Omicron Variant which has compelled dozens of countries, including the UK, Canada, and others to impose travel bans on many African countries including Nigeria. Commenting

December 8, 2021

Business

DMO Supports Naira Exchange Rate With $15.4bn

The Debt Management Office (DMO) on Tuesday, December 7, disclosed that it supported the Naira Exchange Rate with $15. 368 billion. The Director-General of the DMO, Ms. Patience Oniha, made the disclosure at the Workshop on Understanding Nigeria’s Public Debt Management organised

December 8, 2021

REVEALED: Why UK, EU Countries, Others Reject Food, Drug Exports From Nigeria

Business

Nigeria’s Trade Deficit Rises 62% To N3trn In Q3 2021 -NBS

Nigeria’s foreign trade, according to the National Bureau of Statistics (NBS’) latest report, rose 62 per cent to record N3.03 trillion deficit in the third quarter of 2021. The report titled: “Foreign trade in goods statistics (Q1 – Q3 2021),” showed that

December 8, 2021

NCAA Director-General, Captain Musa Nuhu

Business

Omicron: Airlines Risk Ban As NCAA Lists New Boarding Rules

The Nigerian Civil Aviation Authority (NCAA) has disclosed that international airlines will be asked to pay $3500 fine on each passenger flown into the country without complying with the federal government’s Revised COVID-19 Provisional Quarantine protocol. The NCAA explained that non-compliance with

December 8, 2021

AMA News·Business

Making Profitability Sustainable and Sustainability Profitable

By Claudio Muruzabal, SAP President for Southern Europe, Middle East and Africa NAIROBI, Kenya, 7th December, 2021 -/African Media Agency(AMA)/- For the past 18 months, the business world has been so focused on Covid-19 that it’s taken its eye off the other C-word

December 7, 2021

Business

IMF Hints On Factors Responsible For Rising Inflation In Nigeria

The International Monetary Fund (IMF) has disclosed that rising food prices is the major factor fuelling inflation in Nigeria and other Sub-Saharan African countries. The IMF noted that the inflation is rising around the world, but because food accounts for about 40

December 7, 2021

Business

BREAKING: Buhari Writes Senate, Demands Passage Of Finance Bill 2021

President Muhammadu Buhari has written the Senate, demanding the consideration and subsequent passage of the 2021 Finance bill that will guide the implementation of the 2022 appropriation. In a letter addressed to the President of the Senate, Senator Ahmad Lawan and read

December 7, 2021

AMA News·Business

The Kerry Group’s acquisition of East Africa’s Afribon set to bring heathy and tasty food to consumers

NAIROBI, Kenya, 6 December 2021- /African Media Agency (AMA) /- The Kerry Group has expanded its footprint in Africa following its acquisition of Rwanda-based Afribon. This transaction further enhances Kerry’s focus as a leading business to business ingredient solutions provider for the

December 6, 2021

Business·Finance & Economy

Nigeria Borrows N8.311trillion From Pension Funds, Experts Cry Out

Nigeria’s federal and subnational governments have, so far, borrowed N8.311trillion, representing 63.93% of the N13.001 trillion total pension assets in the country and raising serious concerns among pensioners as well as Nigerian economists and business lawyers. The borrowed amount represents National

December 6, 2021

President of the African Development Bank AfDB Akinwunmi Adesina

Business

Omicron: AfDB President Describes Travel Ban On African Countries As Unfair, Discriminatory

The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has described travel restrictions placed on some African countries over the new Covid-19 Omicron variant as very unfair, non-scientific and discriminatory. Adesina made this known through his verified Twitter handle @akin_adesina,

December 6, 2021

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Business - Page 705

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

Omicron: Economists Speak On Travel Bans, Way Forward

DMO Supports Naira Exchange Rate With $15.4bn

Nigeria’s Trade Deficit Rises 62% To N3trn In Q3 2021 -NBS

Omicron: Airlines Risk Ban As NCAA Lists New Boarding Rules

Making Profitability Sustainable and Sustainability Profitable

IMF Hints On Factors Responsible For Rising Inflation In Nigeria

BREAKING: Buhari Writes Senate, Demands Passage Of Finance Bill 2021

The Kerry Group’s acquisition of East Africa’s Afribon set to bring heathy and tasty food to consumers

Nigeria Borrows N8.311trillion From Pension Funds, Experts Cry Out

Omicron: AfDB President Describes Travel Ban On African Countries As Unfair, Discriminatory

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