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Finance & Economy - Page 279

Why We Need Effective Regulation As Dangote Refinery Marketers Clash Over Petrol Price

Dangote Refinery Halts Petrol Loading Amid Speculation of Fresh Price Hike

Operations at the Dangote Petroleum Refinery have been temporarily suspended after the facility halted the loading of Premium Motor Spirit (PMS), commonly known as petrol, sparking speculation that a new price increase could be announced as early as Monday. Sources within Nigeria’s

March 8, 2026

Finance & Economy

Nigeria Earmarks N41billion For Heritage Bank’s Dry Season Wheat Farmers

High demand and poor production capacity of wheat have propelled an allotment of N41billion already being disbursed by Heritage Bank Plc to farmers across multiple states to expand the wheat production project. The Central Bank of Nigeria’s disbursed fund is to actualise

December 14, 2021

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

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Nigeria Cooking Gas Price Jumps 40% Amid Us, Iran Crisis

Cooking gas prices in Nigeria have jumped about 40 percent

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

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Finance & Economy - Page 279

Dangote Refinery Halts Petrol Loading Amid Speculation of Fresh Price Hike

Nigeria Earmarks N41billion For Heritage Bank’s Dry Season Wheat Farmers

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?

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‘Nigeria’s National Single Window: A Make-or-Break Moment for Trade Facilitation

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‘Nigeria’s National Single Window: A Make-or-Break Moment for Trade Facilitation

Dangote Refinery Halts Petrol Loading Amid Speculation of Fresh Price Hike

APGA Asks Defecting Lawmakers Abaribe, Ikwechegh to Vacate National Assembly Seats

PDP Elects New Local Government Leaders in Bayelsa

Nigeria Cooking Gas Price Jumps 40% Amid Us, Iran Crisis

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

‘Nigeria’s National Single Window: A Make-or-Break Moment for Trade Facilitation

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Finance & Economy - Page 279

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