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Business - Page 77

Heirs Energies Agrees $750m Afreximbank Financing to Drive Long-Term Growth

Heirs Energies Limited, Nigeria’s leading indigenous integrated energy company, has executed a USD 750 million financing with the African Export–Import Bank (Afreximbank). The transaction was concluded at a signing ceremony in Abuja on Saturday 20th December 2025, attended by Mr. Tony

December 21, 2025

Business·Top Stories

Airtel Nigeria’s Voice Revenue Contribution Drops, Data Accounts For 45% Of Turnover

Airtel Nigeria recorded a 15.5 percent growth in its revenue after generating $307 million in the first quarter (Q1) of 2025, compared to the $266 million turnover reported for the same period in 2024. According to the financial statements for the period

May 19, 2025

Business·FEATURES

Why Investing In Bonds Can Help In Sustainable Savings

With the excruciating economic challenges in Nigeria, gaining financial stability continues to elude many citizens, especially salary earners whose incomes remain stable as the cost of living continues to soar. To brace the odds, making investments for future savings has been identified

May 19, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 19th May 2025

What is the dollar-to-naira exchange rate on the black market, like the Aboki Fx? The exchange rate for the US dollar (USD) to Nigerian naira (NGN) in the parallel market, also known as black market, as of 19th May 2025, is N1,630

May 19, 2025

Business·News

Higher VAT Pushes Govt’s Gross Revenue To N2.085trn In April

Nigeria’s gross statutory revenue rose to N2.085 trillion in April 2025. This was N365.595 billion more than the total of N1.719 trillion received in March 2025, says the Federation Account Allocation Committee (FAAC). In a communiqué released after its May 2025 meeting

May 18, 2025

Business·Currency·Markets

Naira Falls Against Dollar At Black Market, Ends Week Negative

Nigeria’s currency, the naira, depreciated at the parallel market, also known as the black market, on Friday, ending the week on a negative note. The naira exchanged N1,635 against the dollar on Friday, 16 May, reflecting a N10 (0.62 per cent) depreciation

May 17, 2025

Business

Three States In Nigeria With Highest Food Prices

High food prices in Nigeria have become a major economic and social challenge, driven by a combination of factors including inflation, supply chain disruptions, currency depreciation, and structural issues in agriculture. The Consumer Price Index (CPI) released by the National Bureau of

May 17, 2025

Business·Currency·Markets

Black Market Dollar To Naira Exchange Rate Today, 17th May 2025

May 17, 2025

Business·Top Stories

NNFM Tops Stock Market Gainers’ List, International Energy Insurance Leads Losers

On Friday, May 16, the stock market saw a 0.22 percent increase in its equity capitalisation, which closed at N68.95 trillion. This represents a N152,55 billion increase in the market capitalisation, as it rose from N68.80 trillion on Thursday, May 15. Similarly,

May 16, 2025

Business·Top Stories

Nneka Onyeali-Ikpe’s Net Worth In Fidelity Bank Now N1.98bn After Increasing Shares

Nneka Onyeali-Ikpe, the managing director and chief executive officer (CEO) of Fidelity Bank, now holds N1.98 billion net worth in the financial institution after raising her shares by 25 million in 2024. According to a financial statement released in March 2025, Fidelity

May 16, 2025

Business

Don’t Raise Interest Rate Beyond 27.5% – Lawmakers Warn CBN

As the Central Bank of Nigeria (CBN) plans to hold its 300th Monetary Policy Committee (MPC) meeting next week, lawmakers have warned against raising the benchmark interest rate beyond the current 27.5 per cent in a bid to bring down inflation. The

May 16, 2025

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

The Federal Government of Nigeria has issued its debut bond

Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

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Business - Page 77

Heirs Energies Agrees $750m Afreximbank Financing to Drive Long-Term Growth

Airtel Nigeria’s Voice Revenue Contribution Drops, Data Accounts For 45% Of Turnover

Why Investing In Bonds Can Help In Sustainable Savings

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 19th May 2025

Higher VAT Pushes Govt’s Gross Revenue To N2.085trn In April

Naira Falls Against Dollar At Black Market, Ends Week Negative

Three States In Nigeria With Highest Food Prices

Black Market Dollar To Naira Exchange Rate Today, 17th May 2025

NNFM Tops Stock Market Gainers’ List, International Energy Insurance Leads Losers

Nneka Onyeali-Ikpe’s Net Worth In Fidelity Bank Now N1.98bn After Increasing Shares

Don’t Raise Interest Rate Beyond 27.5% – Lawmakers Warn CBN

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Heirs Energies Agrees $750m Afreximbank Financing to Drive Long-Term Growth

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Heirs Energies Agrees $750m Afreximbank Financing to Drive Long-Term Growth

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Heirs Energies Agrees $750m Afreximbank Financing to Drive Long-Term Growth

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