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Business - Page 715

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

AMA News·Business

Business transformation project delivers the goods for Fargo Courier

NAIROBI, Kenya, 3rd May 2022 -/African Media Agency(AMA)/- One of Kenya’s leading third-party logistics companies has unlocked greater integration, improved controls, and established a strong platform for its ambitious growth and expansion plans following a landmark business transformation project – with SAP S/4HANA

May 3, 2022

Breaking: CBN Tell Banks To Increase Interest Rate On Loan, Set MPR At 18.5%

Business·News·Top Stories

Liquidity, Inflation Worries As APC, PDP Target N60Bn In Sale Of Nomination Forms

Nigeria’s two main political parties – the All Progressives Congress (APC) and the opposition People’s Democratic Party (PDP) – will rake in more than N60 billion from the ongoing sale of nomination and expression of interest forms, inside sources told Prime Business

May 2, 2022

Business

IMF Warns, Says Nigeria’s Inflation May Worsen To 16.1% In 2022

The International Monetary Fund (IMF) has foreseen that Nigeria’s Consumer Price Index will hit 16.1 per cent in 2022. This forecast was presented in a tabular illustration in the IMF’s Regional Economic Outlook for Sub-Saharan Africa released last week, which was published

May 2, 2022

Business

Blackout Hits CBN, Army Headquarters Over Network Vandalism

There was a total blackout at the headquarters of the Central Bank of Nigeria, the Nigerian Army, Federal Ministry of Finance, on Sunday due to the vandalism of the power network in the Central Business District of the Federal Capital Territory. The

May 2, 2022

Business

Billionaire Jeff Bezos Loses $20.5 Billion First Time Since 2015

Jeff Bezos, Amazon’s founder and chairman, has lost $20 billion of his net worth, as the stock of the company is heading for its worst day in eight years. Amazon’s shares plunged over 15% after it announced its first quarterly loss since

May 1, 2022

Business·Top Stories·World News

Nasdaq Sees Worst Monthly Drop In 14 Years

An April 2022 tech-dominated index fall saw Nasdaq composite index sinking 14.2 percent on Friday, in what represents the worst monthly decline since October 2008. Trading to a new session low, the Nasdaq index was down 3 percent and reaching 12481.76, and

April 30, 2022

Business·World News

Chinese Major Investor In UK Bank Demands Break-up After $83Bn Stock Plunge

China’s Ping An Insurance Group Co., the biggest investor in one of UK’s biggest banks HSBC, has called for the UK bank’s break-up after its stocks plunged by $83 billion. Analysts cite ‘China risk’ and money laundering report as factors causing the

April 30, 2022

Business·News

20 PFAs Meet N5bn New Capital Benchmark

National Pension Commission has announced that 20 Pension Fund Administrators (PFAs) have complied with its N5 billion minimum regulatory capital requirement for operations.

April 30, 2022

Business

Zenith Bank’s Quarterly Earnings Rise By 22%

Zenith Bank Plc has announced that its gross earnings rose by 22 per cent in the first quarter of 2022. According to the lender, the earnings rose from N157.3bn in the first quarter of 2021 to N191.5bn in Q1, 2022. This was

April 29, 2022

Business

IMF Sends Strong Message On Bitcoins

The International Monetary Fund (IMF) has made a strong case against the adoption of Bitcoin as legal tender by countries. Abebe Selassie, director of IMF’s African Department, made this warning on Thursday at a media briefing on the organisation’s economic outlook for

April 28, 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 715

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

Business transformation project delivers the goods for Fargo Courier

Liquidity, Inflation Worries As APC, PDP Target N60Bn In Sale Of Nomination Forms

IMF Warns, Says Nigeria’s Inflation May Worsen To 16.1% In 2022

Blackout Hits CBN, Army Headquarters Over Network Vandalism

Billionaire Jeff Bezos Loses $20.5 Billion First Time Since 2015

Nasdaq Sees Worst Monthly Drop In 14 Years

Chinese Major Investor In UK Bank Demands Break-up After $83Bn Stock Plunge

20 PFAs Meet N5bn New Capital Benchmark

Zenith Bank’s Quarterly Earnings Rise By 22%

IMF Sends Strong Message On Bitcoins

Featured Stories

Unsung Heroes: Meet 8 Frontline Activists Shaping Nigeria’s Future

Remembering Ambakina Moses Jitoboh

Iran’s Supreme Leader Ayatollah Khamenei is confirmed dead

Israeli PM Claims Khamenei Targeted in Strikes, Fate Remains Unclear

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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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