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Finance & Economy - Page 228

Arab Bank, DCO Agree on Framework for Cooperation on Inclusive, Sustainable Digital Economies

The Digital Cooperation Organization (DCO), the world’s first standalone international intergovernmental organization dedicated to accelerating inclusive and sustainable digital economies, and the Arab Bank for Economic Development in Africa (BADEA) Friday signed a Memorandum of Understanding (MoU) as part of an ongoing

November 1, 2025

Naira Opens Week With Gain Across FX Markets

Business·Currency

Naira appreciates, As Bureau De Change Sells One Dollar At N800

The Nigerian currency, naira, appreciated against the United States dollar on Wednesday according to a Bureau De Change operator in the black market. Prime Business Africa was told by the Bureau De Change operator in Isolo, area of Lagos State, that the

November 9, 2022

FG Struggling To Borrow, As Foreign Investors Prefer US, Germany, Others

Business·Oil & Gas

Buhari Faces N100 billion Lawsuit, As NNPC Former Chair, Ifeanyi Ararume, Fight Sack

President Muhammadu Buhari has been sued by the former senator representing Imo north, Ifeanyi Ararume, for removing him as board chairman of the Nigerian National Petroleum Company (NNPC) Limited. Ararume was four months into the position when President Buhari replaced him with

November 9, 2022

Business·Currency

Bureau De Change Operators Sell Dollar At N900, As Scarcity Affects Nigerians

The naira and dollar exchange rate traded flat on Monday in the official foreign exchange market of the Investors and Exporters window. Data obtained showed that the naira maintained stability against the United States’ currency at N445.50 kobo/$1. This was the rate

November 8, 2022

NNPC Has Not Added N20,000 To Federation Account This Year – El-Rufai Says

Business·Oil & Gas

El-Rufai Attacks NNPC Again, Blames Firm For Unpaid Salaries In States

Governor Nasir El-Rufai of Kaduna State took another swipe at the Nigerian National Petroleum Company (NNPC) Limited led by Mele Kyari. During the 2022 Tax Dialogue organised by the Kaduna State Revenue Service on Monday, El-Rufai said NNPC Limited’s failure has rendered

November 8, 2022

Lagos-based Mixta Africa Gets Shelter Afrique's N8 Billion Housing Fund

News·Real Estate

Shelter Afrique Offers $24m Housing Loan To Landmark Africa

Pan-African housing development financier, Shelter Afrique has approved a $24.03 million (₦10 billion) commercial loan to Lagos-based Tier 1 real estate and property development firm, Landmark Africa. The 7-year line of credit with a moratorium of 36 months has been structured to partly finance the construction of a mixed-use housing

November 5, 2022

Finance & Economy

Economy: Afrinvest Report Tasks Nigerian Govt On Removing Subsidies In 2023

Nigerian government has been charged to take the bold step and remove subsidies on petrol and electricity consumption in the country in 2023, to reduce the financial burden coming from those ends. This formed part of policy recommendations made in the 2022

November 4, 2022

Cash In Circulation Up By N701.4 billion, Emefiele's CBN Loses Control Again

Finance & Economy

Naira Redesign: Extend Deadline To One Year, Experts Tell Nigerian Gov’t

Financial experts have advised the Nigerian government to extend the deadline for phasing out the old Naira currency notes for the new ones to circulate well in the market. Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele had last week

November 3, 2022

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Bureau De Change Operators Fail To Agree On Dollar Rate

November 3, 2022, Dollar Rate: The dollar rate in the black market fell below N1000 on Thursday, as Bureau De Change operators told Prime Business Africa that they are still struggling to get their hands on dollar. On Wednesday, PBA had reported

November 3, 2022

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

EFCC Arrest 8 BDC Operators, Anti-Graft Agency Blamed For Dollar Rate Rise

Eight Bureau De Change operators of the foreign exchange black market in Kano State were arrested by the Economic and Financial Crimes Commission (EFCC). The EFCC raided the parallel market days after its chairman, Abdulrasheed Bawa, warned that the anti-graft agency will

November 2, 2022

Business·Currency

Dollar Rate Rises Close To N1000, As BDC Operators Set Various Rates

November 2, 2022, Dollar Rate: The exchange rate between the dollar and the naira has surged to various levels as Bureau De Change operators sell the American currency at different rates on Wednesday. Prime Business Africa gathered from various Bureau De Change

November 2, 2022

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Finance & Economy - Page 228

Arab Bank, DCO Agree on Framework for Cooperation on Inclusive, Sustainable Digital Economies

Naira appreciates, As Bureau De Change Sells One Dollar At N800

Buhari Faces N100 billion Lawsuit, As NNPC Former Chair, Ifeanyi Ararume, Fight Sack

Bureau De Change Operators Sell Dollar At N900, As Scarcity Affects Nigerians

El-Rufai Attacks NNPC Again, Blames Firm For Unpaid Salaries In States

Shelter Afrique Offers $24m Housing Loan To Landmark Africa

Economy: Afrinvest Report Tasks Nigerian Govt On Removing Subsidies In 2023

Naira Redesign: Extend Deadline To One Year, Experts Tell Nigerian Gov’t

Bureau De Change Operators Fail To Agree On Dollar Rate

EFCC Arrest 8 BDC Operators, Anti-Graft Agency Blamed For Dollar Rate Rise

Dollar Rate Rises Close To N1000, As BDC Operators Set Various Rates

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