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Business - Page 724

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

Africa.com Definitive List of Women CEOs expands by 50%

JOHANNESBURG, South Africa, 10th March, 2022 -/African Media Agency(AMA)/- Africa.com announced the second annual Africa.com Definitive List of Women CEOs on March 8, 2022, in line with International Women’s Day. The list is a unique, data-driven research effort that highlights the women who lead big

March 10, 2022

AMA News·Business

Three East Africa economic sectors ripe for tech innovation

NAIROBI, Kenya, 10th March 2022 -/African Media Agency(AMA)/- As East Africa opens its economy following two years of pandemic-related disruption, the region needs to prioritise digitisation and innovation. This can help countries across the region boost their recovery and establish stronger foundations for

March 10, 2022

Business·Finance & Economy

UBA Hits N153 billion Profit On 11% Balance Sheet Growth

United Bank for Africa (UBA) Plc, has announced its audited results for the full year ended December 31, 2021, reporting impressive performance in key financial metrics. The 2021 financial result filed by the bank at the Nigerian Stock Exchange (NSE) on March

March 6, 2022

Business·Finance & Economy·News

Beer Sector Contribution To Global GDP Hits $555b – Report

Despite the COVID-19 pandemic which disrupted socio-economic activities worldwide between 2019 and 2020, a new report on beer sector economic impact reveals that the gross value added to global GDP in 2019 amounted to $555 billion and supported an estimated 23 million

March 4, 2022

AMA News·Business

Aleph Hospitality signs first hotel in Rwanda

Dubai-based hotel management company to operate the MGallery hotel in Kigali and oversee the management of all facilities at the Century Park Hotel and Residences DUBAI, UAE, 4 March 2022 -/African Media Agency(AMA)/- Leading independent hotel management company, Aleph Hospitality, has signed a

March 4, 2022

AMA News·Business

New report on narratives on business in Africa shows another ‘scramble for Africa’ by foreign powers is underway in international media

Analysis of 750 million stories published between 2017 and 2021 70% of coverage about business in Africa references foreign powers including China, the USA, Russia, France, and the UK Corruption referenced in nearly 10% of stories on business in Africa <1% of

March 3, 2022

Business

Buhari Approves $8.5 Million To Evacuate Stranded Nigerians In Ukraine

President Muhammadu Buhari on Wednesday approved $8.5 million dollars to the ministries of Foreign Affairs and Humanitarian, Disaster Management, and Social Development, for the immediate evacuation of over 5,000 (registered and unregistered) Nigerians stranded in Ukraine. These Nigerians who became stranded are

March 2, 2022

AMA News·Business·Politics

Women Heads of State Initiative Launches in Africa

JOHANNESBURG, South Africa, 2 March, 2022 -/African Media Agency(AMA)/- Africa.com announces an exciting new cross-media initiative in partnership with Coca-Cola Africa. This initiative recognizes current and former women Presidents and Prime Ministers. The corresponding research identified not just high-profile personalities but the women

March 2, 2022

Finance Minister Likens Hardship Caused By Old Naira Deadline To Injury

Business

Nigeria Ranks Low In World Bank Projects’ Implementation – FG

Nigeria has ranked low ranking in terms of the level of implementation of projects funded by the World Bank. The Minister of Finance, Budget and Nation Planning, Zainab Ahmed, disclosed this at a retreat for members of the National Assembly on process

March 2, 2022

Business·News

Zenith Declares N280.4b Profit, Rewards Shareholders With N97.32 billion

Zenith Bank, in line with its consistent impressive financial performance and customer service delivery, has announced an improved balance sheet for 2021.

March 1, 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 724

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

Africa.com Definitive List of Women CEOs expands by 50%

Three East Africa economic sectors ripe for tech innovation

UBA Hits N153 billion Profit On 11% Balance Sheet Growth

Beer Sector Contribution To Global GDP Hits $555b – Report

Aleph Hospitality signs first hotel in Rwanda

New report on narratives on business in Africa shows another ‘scramble for Africa’ by foreign powers is underway in international media

Buhari Approves $8.5 Million To Evacuate Stranded Nigerians In Ukraine

Women Heads of State Initiative Launches in Africa

Nigeria Ranks Low In World Bank Projects’ Implementation – FG

Zenith Declares N280.4b Profit, Rewards Shareholders With N97.32 billion

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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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