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Business - Page 732

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·World News

Netherlands To Destroy Popular Bridge So Jeff Bezos’ Yacht Can Pass Through

All has been concluded to dismantle a popular Netherlands bridge situated in Rotterdam to make way for the brand new pleasure megayatch of Amazon Founder, Jeff Bezos. Bezos, one of the richest men in the world, commissioned the building of the super

February 2, 2022

BREAKING NEWS: CNN President, Jeff Zucker Resigns Over Intimate With Staff

Business·World News

BREAKING NEWS: CNN President, Jeff Zucker Resigns Over Intimate Relationship With Staff

CNN President, Jeff Zucker has shocked the media world when he tendered his resignation letter Wednesday, February 2, 2022 because of a secret relationship with a senior colleague which he never told anyone even when he was required to do so. Insider

February 2, 2022

Business

Flour Mills Announces N25bn Profit, Plans Expansion

Flour Mills of Nigeria Plc has announced a profit before tax of N25bn for a nine-month period. The company recorded solid performance across food, agro-allied and support segments, delivering topline growth of 51 per cent in the third quarter and 49 per

February 2, 2022

Business

Air Peace Has Submitted Request To Resume Flights In March – FG Writes UAE

The federal government has written the authorities in the United Arab Emirates (UAE) to approve the request by Air Peace for the resumption of passenger flights. The government said this in a letter addressed to Saif Mohammed Al Suwaid, director-general (DG) of

February 2, 2022

Business

Airtel Africa Appoints Emeka Oparah As Vice President, Corporate Communications

Airtel Africa Plc has approved the appointment of Emeka Oparah, a communications professional, as vice-president, corporate communications. Airtel disclosed this in a statement issued on Tuesday, saying Oparah will manage the image of Airtel Africa in its 14 African markets, including Nigeria, as

February 2, 2022

Business

FBN Holdings Appoints Julius Omodayo-Owotuga As Non-Executive Director

The management of First Bank Holdings Plc has appointed Julius B. Omodayo-Owotuga, deputy chief executive of Geregu Power Plc, as a non-executive director. Seye Kosoko, FBN Holdings’ company secretary, made this known in a statement posted on the Nigeria Exchange Limited (NGX)

February 1, 2022

Nigerian Banks Rely More On Liquidity, As Borrowing From CBN Rises To N19.8trn

Business·Finance & Economy

Imports: Banks Rally Elite Customers For New Product Price Verification Mechanism

Banks are now sending out notices to potential import and export business customers for the first phase of the Central Bank of Nigeria (CBN) workshop on the new Product Price Verification Mechanism in Abuja. The workshop will hold on Thursday February 3,

February 1, 2022

Governor of Nigerias Central Bank Godwin Emefiele

Business

28 Companies Benefitted In First Cycle Of ‘100 For 100’ Policy – Emefiele

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has disclosed that 28 companies benefitted from the first cycle of the 100 for 100 policy on production and productivity (PPP). Emefiele made this known on Monday during the flag-off of the

February 1, 2022

Business

Aregbesola Says Passport Processing In Nigeria Needs Urgent Reform

The minister of Interior, Rauf Aregbesola, has disclosed that the international passport application process in the country needs an urgent and strategic reform that will address bottlenecks applicants encounter during request. Aregbesola, who disclosed at the Lagos Business School, acknowledged that there

February 1, 2022

Business

Mexico’s Economy Slides Into Technical Recession

New reports and statistics have confirmed that the Mexican economy has entered into a technical recession due to the effects of the coronavirus pandemic. Reports say, trouble actually started for the country at the end of last year with two consecutive quarters

January 31, 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 732

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

Netherlands To Destroy Popular Bridge So Jeff Bezos’ Yacht Can Pass Through

BREAKING NEWS: CNN President, Jeff Zucker Resigns Over Intimate Relationship With Staff

Flour Mills Announces N25bn Profit, Plans Expansion

Air Peace Has Submitted Request To Resume Flights In March – FG Writes UAE

Airtel Africa Appoints Emeka Oparah As Vice President, Corporate Communications

FBN Holdings Appoints Julius Omodayo-Owotuga As Non-Executive Director

Imports: Banks Rally Elite Customers For New Product Price Verification Mechanism

28 Companies Benefitted In First Cycle Of ‘100 For 100’ Policy – Emefiele

Aregbesola Says Passport Processing In Nigeria Needs Urgent Reform

Mexico’s Economy Slides Into Technical Recession

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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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