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Business - Page 723

Redstar Express, ETranzact Extend NGX Upward Trend With N744.99bn Gain

The Nigerian Exchange (NGX) recorded a N744.99 billion increase in the bourse’s market capitalisation after the all-share index (ASI) expanded by 0.58 percent on Monday, January 12. According to NGX data, the market capitalisation of the Nigerian stock market grew from N103.77

January 12, 2026

Business·Markets

Titan’s Union Bank Acquisition A Rescue Or Inorganic Growth Mission?

Like the Biblical Joseph’s dream wherein tiny hungry-looking cow swallowed up a fat one with so much ease, the news of the purchase of 104-year-old bank by a two-year-old gripped national attention as 2021 draws to a close. No doubt, Union has

December 25, 2021

Business

Arik Sacks Pilots For Embarking On Strike

Emerging reports have claimed that Arik Air has dismissed some of its pilots for embarking on a strike. The airline described as gross act of indiscipline the alleged decision of the pilots to embark on the strike “without recourse to lay down

December 24, 2021

Business

FEC Approves N65.3bn For Power Projects In 2022

The Federal Executive Council meeting has approved N65.39bn in foreign and local denominations to execute power projects in the country. The Minister of Power, Abubakar Aliyu, made this known to State House Correspondents on Thursday at the end of an extraordinary meeting

December 24, 2021

Business

WHO Sounds Warning Over Fast-Spreading Omicron Variant

The head of the World Health Organization (WHO) on Monday said Omicron variant is spreading faster than the Delta variant and is causing infections in people already vaccinated or who have recovered from the COVID-19 disease. WHO chief scientist Soumya Swaminathan said it

December 21, 2021

Nigeria Accounts For 35% Of Foreign Airlines’ Trapped Funds Globally

Business

FG Reinstates Emirates’ Flight Schedule To Nigeria

The federal government disclosed that it has reinstated Emirates’ winter flight schedule to Nigeria. The schedule consisted of 21 weekly passenger flights to Nigeria, comprising two daily flights to Lagos airport and one daily flight to Abuja airport. This was contained in

December 21, 2021

Business

NERC Records 6.3 Million Unmetered Customers Despite Mass Meter Deployment

The Nigerian Electricity Regulatory Commission (NERC) has put the number of unmetered power users across the country at about 6.3 million, despite the mass deployment of meters by the Federal Government. In its just released Second Quarter 2021 report, the commission decried

December 21, 2021

Business·Uncategorized

60% African Tech Funding Secured By Nigeria Start-ups – US

The United States has revealed that Nigeria secured most of the tech start-up funding in Africa for 2021. Speaking at the Nigeria Tech Summit in Abuja, the U.S. Ambassador to Nigeria, Mary Beth Leonard, said African start-ups raised about $2.9 billion in

December 20, 2021

AMA News·Business

Africa’s e-government efforts are bearing fruit

By Sunil Geness, Director: Global Government Affairs & CSR at SAP Africa LAGOS, Nigeria, 20th December 2021 -/African Media Agency(AMA)/- Following the impact of the COVID-19 pandemic on governments and citizens, countries across the African continent are looking at e-government with renewed interest

December 20, 2021

Business

Pay Online For Passport Application, Avoid Patronizing Touts – Minister

The Minister of Interior, Ogbeni Rauf Aregbesola, said the federal government has digitalised payments for Nigerian Passports. Aregbesola, however, asked Nigerians to avoid patronizing touts and unscrupulous officials when applying for the documents. The minister made this known on Monday in Ibadan,

December 20, 2021

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

Business

Global Community Steps Up With $93 Billion Support Package To Boost Poorest Countries

The World Bank has announced a 93 billion dollars replenishment package of the International Development Association (IDA) to help low-income countries respond to the COVID-19 crisis and build a greener, more resilient and inclusive future. This is according to a statement issued by

December 20, 2021

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Behind the Geregu Power Sale: Politics and a $750m Deal

The sale of Geregu Power, one of Nigeria’s largest electricity

Recapitalisation: UBA Extends Deadline For Rights Issue

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

United Bank for Africa (UBA) has successfully concluded its rights

GivTrade Secures UAE SCA Category 5 Licence

GivTrade, an international multi-asset brokerage providing access to global markets

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

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Business - Page 723

Redstar Express, ETranzact Extend NGX Upward Trend With N744.99bn Gain

Titan’s Union Bank Acquisition A Rescue Or Inorganic Growth Mission?

Arik Sacks Pilots For Embarking On Strike

FEC Approves N65.3bn For Power Projects In 2022

WHO Sounds Warning Over Fast-Spreading Omicron Variant

FG Reinstates Emirates’ Flight Schedule To Nigeria

NERC Records 6.3 Million Unmetered Customers Despite Mass Meter Deployment

60% African Tech Funding Secured By Nigeria Start-ups – US

Africa’s e-government efforts are bearing fruit

Pay Online For Passport Application, Avoid Patronizing Touts – Minister

Global Community Steps Up With $93 Billion Support Package To Boost Poorest Countries

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Behind the Geregu Power Sale: Politics and a $750m Deal

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

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