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Business - Page 713

Dollar Rate Crosses N1,400/$ In Black Market, Rises To N1,387/$ In Official Window

On Wednesday, March 4, the foreign exchange (FX) rate for the United States dollar (USD) increased by N21.65 kobo to N1,409.42 kobo per $1. The dollar rate increased from N1,387.77 kobo per USD recorded on Tuesday, March 3, indicating the naira depreciated

March 4, 2026

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

Business

FG’s Debt Servicing Hits $101m – CBN Reports

The monthly debt service, according to figures obtained from the Central Bank of Nigeria (CBN), rose by $31.46m in one month to $101.29m in January. Prime Business Africa can report that the date indicated a 45 per cent increase month-on-month. The CBN,

May 10, 2022

Business·News·Sports

Chelsea Keen To Launch £65million Chase Of AS Monaco Star

Chelsea are considering a £65million approach for AS Monaco midfielder Aurelien Tchouameni. The French youngster of African descent has been churning out impressive performances

May 10, 2022

Business

Why Fuel Queues Resurfaced In Abuja – NNPC

The Nigerian National Petroleum Corporation (NNPC) has attributed the sudden appearance of fuel queues in parts of Abuja to low loadouts and increased purchases that characterise post-holiday periods. Prime Business Africa had reported that most filling stations in Abuja and neighbouring

May 9, 2022

Business

1,775 Workers Withdraw N3.09bn From Pension Contribution – PenCom

A total of 1,775 workers, according to the National Pension Commission (PenCom), withdrew N3.09bn from their Retirement Savings Accounts held by Pension Fund Administrators in six months after making additional voluntary contributions. PenCom disclosed this in its quarterly report on ‘Access to

May 9, 2022

Business

Fuel Queues Resurface In Abuja, Neighbouring States – Reports

Emerging reports have claimed that most filling stations in Abuja and neighbouring states of Nasarawa and Niger that dispensed Premium Motor Spirit, popularly called petrol, on Sunday were greeted with long queues. It was observed that many other outlets were shut as

May 9, 2022

Business

IMF Says Rising Crude Oil prices Will Worsen Inflation

The International Monetary Fund (IMF) has disclosed that rising oil prices may lead to high inflation and slow growth across the world. The IMF explained that the rising oil prices may echo the 1970s when geopolitical tensions caused fossil fuel prices to

May 7, 2022

World Bank To Invest $750 million In Nigeria’s Rural Electrification Project

Business

We Haven’t Approved New Electricity Tariff – NERC

The Chairman, Nigerian Electricity Regulatory Commission (NERC), Mr. Sanusi Garba, has said the agency has not approved tariff rate review in the power sector in recent times. Garba who made this known in Abuja on Friday said the last tariff review was

May 7, 2022

Business·News·Technology

NCC Blocks 40% Tariff Hike In Telecom Services, Says No Approval

Following reports on call and SMS tariff increase by Mobile Telecommunications Network Operators in Nigeria in the past few days, the Nigerian Communications Commission (NCC) has allayed the fears of subscribers stating that there was no plan to increase tariff.

May 7, 2022

Central Securities pays N3.7bn to shareholders as Revenue grows by 39.2%

Business·News

Central Securities Pays N3.7bn Dividends To Shareholders As Revenue Grows By 39.2%

Central Securities Clearing System (CSCS) Plc has proposed to pay a total dividend of N3.7 billion to its shareholders, reinforcing the value accretion to its equity owners, who have seen a notable rise in the share price of the company over the

May 6, 2022

21 International Airlines Operating In Nigeria

Business

JUST IN: Airlines To Shut Down Operations From Monday As Aviation Fuel Hits N700

The Airline Operators of Nigeria (AON) has disclosed plans to shut down operations nationwide. AON explained that the shutdown would take effect from Monday, due to the increase in the price of aviation fuel which cost N700 per litre. Prime Business Africa

May 6, 2022

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Dangote Cement Records 20% Increase in 2025 Revenue

Dangote Cement Plc reported a 20.3 percent rise in revenue

Aston Martin to Cut 20% of Workforce Over Rising Losses

British luxury carmaker Aston Martin has announced plans to reduce

CPPE Warns Nigeria’s $6bn Capital Inflow Surge May Be Fragile Despite Rebound

Nigeria recorded a sharp increase in foreign capital inflows in

Dangote Sugar, Jaiz Bank Shares Decline, Drag NGX Down By N101bn

Ellah Lakes’ N235 Billion Public Offer Falls Flat: Investors to Receive Refunds

Ellah Lakes Plc’s ambitious N235 billion public offer has ended

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Business - Page 713

Dollar Rate Crosses N1,400/$ In Black Market, Rises To N1,387/$ In Official Window

FG’s Debt Servicing Hits $101m – CBN Reports

Chelsea Keen To Launch £65million Chase Of AS Monaco Star

Why Fuel Queues Resurfaced In Abuja – NNPC

1,775 Workers Withdraw N3.09bn From Pension Contribution – PenCom

Fuel Queues Resurface In Abuja, Neighbouring States – Reports

IMF Says Rising Crude Oil prices Will Worsen Inflation

We Haven’t Approved New Electricity Tariff – NERC

NCC Blocks 40% Tariff Hike In Telecom Services, Says No Approval

Central Securities Pays N3.7bn Dividends To Shareholders As Revenue Grows By 39.2%

JUST IN: Airlines To Shut Down Operations From Monday As Aviation Fuel Hits N700

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Tinubu Dispatches Five-Member Team to Represent Nigeria at Jesse Jackson’s Funeral

Tinubu Swears in Disu as Substantive IGP, Backs Police Role in State Police Implementation

Tinubu Suspends Cashless Payment Policy at Nigerian Airports After Traffic Gridlock

President Tinubu Felicitates Former President Obasanjo on 89th Birthday

Dangote Cement Records 20% Increase in 2025 Revenue

Aston Martin to Cut 20% of Workforce Over Rising Losses

CPPE Warns Nigeria’s $6bn Capital Inflow Surge May Be Fragile Despite Rebound

Ellah Lakes’ N235 Billion Public Offer Falls Flat: Investors to Receive Refunds

Tinubu Dispatches Five-Member Team to Represent Nigeria at Jesse Jackson’s Funeral

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