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Business - Page 714

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

Business

eNaira: CBN Gives Update On Nigeria’s Digital Currency

The Central Bank of Nigeria (CBN) has provided updates on eNaira, saying the Nigeria’s digital currency is easy to access and gives no room for fraud or counterfeiting. The CBN, however, asked market women and leaders to embrace the country’s digital currency.

May 6, 2022

AMA News·Business

France orders 21 more TALIOS optronic pods

Thales has received a firm order from the French defence procurement agency (DGA) for an additional 21 TALIOS optronic pods to equip French forces. With this new order, a total of 67 TALIOS pods will be in service with the French Air

May 6, 2022

Business·News

Transcorp Plc Records Solid Q1 Performance With 147% Profit Increase

Nigerian conglomerate, Transnational Corporation Plc, (Transcorp Group) has reported significant returns in all its major financial indices for the first quarter ended March 31, 2022.

May 5, 2022

AMA News·Business

New E-Book “Sit With Me’’ tells tales of empowered Women battling prejudice

DAKAR, SenegaI, 04 May, 2022 -/African Media Agency (AMA)/- Advocacy group Niyel is pleased to announce the online launch of its illustrated e-book which documents the intimate stories of eleven intergenerational African women’s journey towards self-agency. Titled Sit with Me, the stories shared provide

May 5, 2022

Bank CEOs Meet Over Old Naira Deadline Extension Ahead Of Presidential Election

Business

Bank Deposits Rise To N16.89 Trillion In 3 Months – CBN

Banks’ demand deposits, according to the Central Bank of Nigeria (CBN), rose by N1.1tn in three months to N16.89tn as of the end of March. The data obtained from the CBN revealed that the figure, which stood at N15.81tn as of the

May 5, 2022

AMA News·Business

Viva Technology, IFC announce 45 emerging start-ups with biggest impact potential in Africa to compete for the 2022 AfricaTech Awards

PARIS, France, 04th May 2022 -/African Media Agency (AMA)/- Viva Technology and the International Finance Corporation (IFC) announced today the top 45 start-ups that have been long-listed for the first edition of the AfricaTech Awards. This pan-African initiative, supported by Proparco, aims to

May 4, 2022

Business

Alakija Urges Banks To Reduce Stringent Conditions For SMEs

Nigerian philanthropist and businesswoman, Mrs. Folorunso Alakija, has called on Nigerian government to ask banks in the country to reduce their stringent requirements in order to support and enable small and medium enterprises to thrive and contribute to the economy. Alakija, who

May 3, 2022

Business

Nigerians Use PoS 178.9 Million Times In Two Months – NIBSS

Data obtained from the Nigeria Inter-Bank Settlement System Plc portal showed that Nigerians made use of Point of Sale terminals 3.03 million daily times to process payments in the first two months of 2022 as the use of cheques dropped to a

May 3, 2022

Nigeria’s Crude Oil Production Surges To 1.3mbpd

Business

Nigeria’s Crude Oil Output Drops 1.2 Million Barrels – OPEC

Insufficient investments in the oil sector have limited the capacity of Nigeria and other OPEC member nations to pump the volumes of crude oil approved by the organisation. The Organisation of Petroleum Exporting Countries (OPEC) disclosed in its latest report, noting that

May 3, 2022

AMA News·Business

Network International Joins 8th Africa Bank 4.0 Summit – CEO Exclusive As Powered Sponsor, To Promote Digital Innovation Within The African Fiscal Sector

BII World and Network International (Powered Sponsor) are excited to announce the dates for the 8th Africa Bank 4.0 Summit – CEO Exclusive, which will be hosted In-Person over 5 days (23- 27th May 2022) in Nairobi – Kenya NAIROBI, Kenya, 28 April 2022,

May 3, 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 714

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

eNaira: CBN Gives Update On Nigeria’s Digital Currency

France orders 21 more TALIOS optronic pods

Transcorp Plc Records Solid Q1 Performance With 147% Profit Increase

New E-Book “Sit With Me’’ tells tales of empowered Women battling prejudice

Bank Deposits Rise To N16.89 Trillion In 3 Months – CBN

Viva Technology, IFC announce 45 emerging start-ups with biggest impact potential in Africa to compete for the 2022 AfricaTech Awards

Alakija Urges Banks To Reduce Stringent Conditions For SMEs

Nigerians Use PoS 178.9 Million Times In Two Months – NIBSS

Nigeria’s Crude Oil Output Drops 1.2 Million Barrels – OPEC

Network International Joins 8th Africa Bank 4.0 Summit – CEO Exclusive As Powered Sponsor, To Promote Digital Innovation Within The African Fiscal Sector

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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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Business - Page 714

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