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Business - Page 716

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

GTCO, First Bank Fail To Make Top Five Performing Nigerian Bank Stocks In H1 2023

Business

Banks’ Loan To Nigeria’s Private Sector Rises To N36.37 Trillion

Bank credit to the Nigerian private sector, according to a report by the Central Bank of Nigeria (CBN), rose to N36.37 trillion as of March 2022, representing N1.18 trillion net new loans to the real sector in the first quarter of the

April 28, 2022

Business

Subsidy Hits N1.35tn In Four Months

Subsidy on Premium Motor Spirit, popularly called petrol, between January and March 2022 rose to N675.93bn. This is based on the latest data obtained from the Nigerian National Petroleum Company Limited on Wednesday. The company has informed the Federation Account Allocation Committee

April 28, 2022

Business

FEC Approves Three Contracts To Boost Electricity Supply

The Federal Executive Council (FEC) today, Wednesday, 27, approved three contracts to boost the electricity supply in the country. The council gave the approval during the weekly meeting presided over by President Muhammadu Buhari. Abubakar Aliyu, minister of power, while briefing journalists

April 27, 2022

Business

Customers Can Now Get Prepaid Meters Within 24 Hours – Ikeja Electric

Ikeja Electric Plc (IE), an electricity distribution company in Lagos, has disclosed that customers can get prepaid meters within 24 hours. The company, in a statement, said the one-day metering initiative, which commenced on Tuesday at its Shomolu business unit for customers

April 27, 2022

Business·Finance & Economy·News

UBA Grows Earnings By 18% As Profit Hits N44.5bn

United Bank for Africa (UBA) Plc has released its unaudited results for the first quarter ended March 31, 2022, recording impressive growth across its income lines. The bank’s result which was released to the Nigerian Stock Exchange on Tuesday showed that gross

April 27, 2022

AMA News·Business

Kwely, an Africa-based B2B marketplace raises close to US$1million Seed Round of Funding

The Senegal-based startup raises an additional $700,000 in its Series Seed from WIC Capital, Loftyinc Capital, Haskè Ventures and other notable investors, completing its US$1 million round. DAKAR, Senegal, 27 April, 2022 -/African Media Agency(AMA)/- Kwely Inc. today announced a new round of

April 27, 2022

Business

AfDB Warns, Says Over $10bn Food Production At risk In Nigeria, Others

The African Development Bank Group has disclosed that a fertiliser crisis triggered by the Russian war in Ukraine could put more than $10bn worth of food production at risk in Africa. President of the AfDB, Dr. Akinwumi Adesina, made this known during

April 26, 2022

Nigerian Gov’t Spends N96 Out Of Every N100 To Pay Debt - World Bank Says, Reveals Impact

Business·Top Stories

World Bank Earmarks $170bn Lifeline For Nigeria, Others

World Bank has started working on a crisis response of around $170bn in financing capacity to address the wide-ranging needs of Nigeria and other crisis-ridden countries between April 2022 and June 2023. Speaking during his address to the Development Committee of this

April 26, 2022

Business

Like MTN, Airtel Gets CBN’s Final Approval To Operate Agency Banking

Just like MTN, Airtel Africa Plc has received the Central Bank of Nigeria (CBN’s) final approval to operate as a super agent. Prime Business Africa had reported that MTN, two weeks ago, received the CBN’s final approval to operate as Momo Payment

April 26, 2022

AMA News·Business

Top Crypto Platform Bybit Launches Options Trading

DUBAI, United Arab Emirates, 26 April 2022, /African Media Agency/(AMA) – Bybit, one of the world’s fastest growing cryptocurrency exchanges, has announced its expansion into crypto options trading, adding to its existing product line of perpetual futures contracts and expiration futures contracts. Bybit’s new options

April 26, 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 716

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

Banks’ Loan To Nigeria’s Private Sector Rises To N36.37 Trillion

Subsidy Hits N1.35tn In Four Months

FEC Approves Three Contracts To Boost Electricity Supply

Customers Can Now Get Prepaid Meters Within 24 Hours – Ikeja Electric

UBA Grows Earnings By 18% As Profit Hits N44.5bn

Kwely, an Africa-based B2B marketplace raises close to US$1million Seed Round of Funding

AfDB Warns, Says Over $10bn Food Production At risk In Nigeria, Others

World Bank Earmarks $170bn Lifeline For Nigeria, Others

Like MTN, Airtel Gets CBN’s Final Approval To Operate Agency Banking

Top Crypto Platform Bybit Launches Options Trading

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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