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Finance & Economy - Page 275

Finance & Economy·News·Nigeria·Top Stories

What Nigeria’s 15.10% Inflation Rate Drop Means

Nigeria’s headline inflation rate fell to 15.10% in January 2026, the latest figures from the National Bureau of Statistics (NBS) show, extending a run of gradual declines that has lasted for almost a year. The figure is slightly lower than the 15.15%

February 16, 2026

19 Bank Workers Sacked, As Nigerian Banks Lose N1.17 billion To Fraud

Finance & Economy

Fears, Concerns For Nigerian Banks In 2022

ANALYSTS at Vetiva Research, in a new report, say that the operating environment in Nigeria will remain tough for Nigerian banks as a result of harsh interest rates, inflationary pressures, and potential competition from telcos, especially the new payment service banks (PSBs)

December 14, 2021

FEATURES·Finance & Economy

High Costs, Run-away Inflation Greet 2021 Yuletide

Majority of Nigerian households spend 196 per cent of their monthly income on Christmas There is an air of uncertainty among majority of the population as Nigeria’s inflation is set for the 8th consecutive monthly decline, yet financially embattled Nigerian consumers face

December 14, 2021

Femi Otedola Sells Geregu Shares After Plan To Acquire Transcorp Fails

Finance & Economy·News

Otedola Gets Upper Hand, Increases Shareholding To 7.5% In FBN

Billionaire investor and chairman of Geregu Power Plant, Femi Otedola has announced an increase in his shareholdings of FBN Holdings, (First Bank parent company) to 7.57per cent. This was disclosed in a letter to the bank by Mr Otedola dated December 9,

December 14, 2021

Finance & Economy

Access Bank’s Shareholders Think Restructuring To HoldCo Dec 16

Shareholders of Access Bank Plc will be presented with the scheme of arrangement to restructure the bank to a holding company for approval at the Court-Ordered Meeting on December 16,

December 13, 2021

Oil & Gas·Sports

African Football Legend Eto’o Emerges Cameroon’s FA President

Former international Samuel Eto’o will run Cameroonian football for the next four years after being elected head of the country’s FA on Saturday. The four-time African Footballer of the Year defeated rival Seidou Mbombo Njoya, the fourth vice-president at the Confederation of

December 12, 2021

CBN Threatens Importers With Sanction After Launching FX Price Verification System

Finance & Economy

CBN To Give 10,000 Bauchi Farmers N5.7bn For Dry Season Farming

The Central Bank of Nigeria (CBN) said it has set aside over N5.7bn to give as loan to 10,000 farmers to encourage dry season wheat farming in Bauchi State. The CBN Comptroller, Bauchi Branch, Saladu Idris, who made this known at the

December 10, 2021

Oil & Gas

Special Report On Nembe Oil Spill Indicts AITEO, Shell, Others

A special environmental report about the Nembe oil spill incident in Bayelsa State has revealed that operational failure on the part of Aiteo Exploration and Production Company Limited, and Shell Petroleum Development Company was responsible for both the current hydrocarbon disaster and

December 9, 2021

Finance & Economy

CBN Considers Adoption Of eNaira As Payment Gateway

The Central Bank of Nigeria (CBN) is considering a series of options to push the adoption of the eNaira, including the possibility of making it a payment gateway. Prime Business Africa is aware that the payment gateway is a technology merchants use

December 9, 2021

Finance & Economy·Technology

Tech-savvy Nigerian Banks Defying Global Trends?

The business world has not fully recovered from the devastating effects of Coronavirus (COVID-19) sweeping through Africa and its economies, impacting lives and livelihoods. In this report, Prime Business Africa’s CHIMARA BYGOLD x-rays how Nigeria’s banking system probably emerged stronger, making profits in 2021

December 9, 2021

Oil & Gas

Minister, Aiteo Give Update On One Month Old Oil Spill In Nembe

Aiteo, operator of Oil Mining Lease (OML) 29, on Wednesday disclosed that it has succeeded in putting out the leak on its Santa Barbara wellhead in Nembe, Bayelsa state. The Minister of State for Petroleum, Timipre Sylva, who confirmed the stoppage of the

December 9, 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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Finance & Economy - Page 275

What Nigeria’s 15.10% Inflation Rate Drop Means

Fears, Concerns For Nigerian Banks In 2022

High Costs, Run-away Inflation Greet 2021 Yuletide

Otedola Gets Upper Hand, Increases Shareholding To 7.5% In FBN

Access Bank’s Shareholders Think Restructuring To HoldCo Dec 16

African Football Legend Eto’o Emerges Cameroon’s FA President

CBN To Give 10,000 Bauchi Farmers N5.7bn For Dry Season Farming

Special Report On Nembe Oil Spill Indicts AITEO, Shell, Others

CBN Considers Adoption Of eNaira As Payment Gateway

Tech-savvy Nigerian Banks Defying Global Trends?

Minister, Aiteo Give Update On One Month Old Oil Spill In Nembe

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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

4 Suspects Now in Custody Over Murder of Nigerian E-Hailing Driver in Pretoria

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