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Business - Page 736

CBN Clears Bank of Industry to Roll Out Non-Interest Financing Window

The Bank of Industry (BoI) has received regulatory approval from the Central Bank of Nigeria (CBN) to operate a Non-Interest Banking (NIB) Window, marking a major expansion of its financing framework aimed at promoting inclusive and sustainable industrial development. The approval authorises

February 9, 2026

NCAA Director-General, Captain Musa Nuhu

Business

Why FG Reduced Emirates’ Flights To Once Weekly – NCAA

The Nigerian Civil Aviation Authority (NCAA) has explained why the federal government reduced Emirates’ flight operations into the country. The NCAA noted that the federal government gave the directive following the refusal of the UAE General Civil Aviation Authority (GCAA) to grant

December 11, 2021

AMA News·Business

Swiss Pharma Nigeria Ltd leaps into 4IR capabilities with SAP S/4HANA deployment

NAIROBI, Kenya, 10th December, 2021 -/African Media Agency(AMA)/- With all eyes on the pharmaceutical sector to provide support and drive medicines innovation amidst a global pandemic, one of West Africa’s leading medicines manufacturers chose SAP S/4HANA to transform its operations and establish a

December 10, 2021

Nigerian Govt Grants 13 New Power Licences, Boosting Off-Grid, Embedded Generation

Business

Power Generation Drops By 1,119.6MW, Sector’s Growth Falls By 45%

Nigeria’s power sector, according to data from the National Bureau of Statistics (NBS), decreased in growth by 45 per cent in the third quarter of this year when compared to the preceding quarter. The data showed that the industry after posting a

December 10, 2021

Business

IMF Says Crypto May Displace Local Currencies In Developing Countries

The International Monetary Fund (IMF) has disclosed that some emerging markets and developing economies face immediate and serious risks of currency substitution by crypto assets. The IMF made this known in a report titled, ‘Global Crypto Regulation Should be Comprehensive, Consistent, and

December 10, 2021

AMA News·Business

Bybit Next Level 2021 — Delivering the Best Trading Platform

SINGAPORE, 9 December 2021 -/African Media Agency(AMA)/- Bybit, one of the world’s fastest growing cryptocurrency exchanges, held its year-end product launch and review session titled “Bybit Next Level” where CEO Ben Zhou shared recent significant milestones and the exciting new products and services that

December 9, 2021

The Nigeria Ports Authority (NPA), the Nigeria Customs Service (NCS) and three other agencies have been accused of illegal auction of Federal Government properties.

Business

Reps Take Major Action As CBN, AMCON, Others Shun Budget Defence

The House of Representatives has asked its principal officers to interface with the Committee of Finance and Currency over the failure of some agencies to appear for 2022 budget defence. Deputy Speaker of the House, Idris Wase, gave the ruling on Wednesday

December 9, 2021

Business

Omicron: Economists Speak On Travel Bans, Way Forward

Over a couple of weeks ago, South Africa broke a negative report of new COVID-19 pandemic named Omicron Variant which has compelled dozens of countries, including the UK, Canada, and others to impose travel bans on many African countries including Nigeria. Commenting

December 8, 2021

Business

DMO Supports Naira Exchange Rate With $15.4bn

The Debt Management Office (DMO) on Tuesday, December 7, disclosed that it supported the Naira Exchange Rate with $15. 368 billion. The Director-General of the DMO, Ms. Patience Oniha, made the disclosure at the Workshop on Understanding Nigeria’s Public Debt Management organised

December 8, 2021

REVEALED: Why UK, EU Countries, Others Reject Food, Drug Exports From Nigeria

Business

Nigeria’s Trade Deficit Rises 62% To N3trn In Q3 2021 -NBS

Nigeria’s foreign trade, according to the National Bureau of Statistics (NBS’) latest report, rose 62 per cent to record N3.03 trillion deficit in the third quarter of 2021. The report titled: “Foreign trade in goods statistics (Q1 – Q3 2021),” showed that

December 8, 2021

Business

Omicron: Airlines Risk Ban As NCAA Lists New Boarding Rules

The Nigerian Civil Aviation Authority (NCAA) has disclosed that international airlines will be asked to pay $3500 fine on each passenger flown into the country without complying with the federal government’s Revised COVID-19 Provisional Quarantine protocol. The NCAA explained that non-compliance with

December 8, 2021

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Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

U.S. President Donald Trump has threatened to impose 100 per

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Nigeria’s customs authority has introduced new rules for courier companies

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

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Business - Page 736

CBN Clears Bank of Industry to Roll Out Non-Interest Financing Window

Why FG Reduced Emirates’ Flights To Once Weekly – NCAA

Swiss Pharma Nigeria Ltd leaps into 4IR capabilities with SAP S/4HANA deployment

Power Generation Drops By 1,119.6MW, Sector’s Growth Falls By 45%

IMF Says Crypto May Displace Local Currencies In Developing Countries

Bybit Next Level 2021 — Delivering the Best Trading Platform

Reps Take Major Action As CBN, AMCON, Others Shun Budget Defence

Omicron: Economists Speak On Travel Bans, Way Forward

DMO Supports Naira Exchange Rate With $15.4bn

Nigeria’s Trade Deficit Rises 62% To N3trn In Q3 2021 -NBS

Omicron: Airlines Risk Ban As NCAA Lists New Boarding Rules

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

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

U.S. Federal Judge Demands FBI, DEA Accelerate Release of Tinubu Records After Years of Delays

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Business - Page 736

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