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Finance & Economy - Page 307

Africa·Business News·Oil & Gas·Top Stories

Ruto, Dangote Discuss Financing for $17 Billion Kenya Refinery Project

September 21, 2026

Kenyan President William Ruto met Nigerian industrialist Aliko Dangote and Africa Finance Corporation (AFC) President Samaila Zubairu in New York on Monday, September 21, 2026 to discuss financing and preparations for a

Curbing The Monster Of Vote-buying In The Electoral System

FEATURES·Finance & Economy

Nigeria’s Cost-of-Living Crisis Raises Vote-Buying Concerns Ahead of 2027

September 20, 2026

Nigeria is approaching the 2027 general election with inflation easing but the cost of living still weighing heavily on households, raising concerns about how economic vulnerability could interact with vote buying and

Finance & Economy

Stock Exchange Continue To Experience Free Fall On Thursday

Trading on the floor of the Nigerian stock exchange continued on a downward trend on Thursday as investors continue to take profit. The stocks which recorded a decline on Wednesday after a bullish run declined further on Thursday closing at a

November 12, 2021

Finance & Economy·News

CBN, At Lagos Trade Fair, Harps On Employment- led Growth

THE Central Bank of Nigeria (CBN) has reiterated commitment to ensuring that Nigeria returns to employment-led growth anchored on productivity and rewarding producers of local goods, services, innovation and new technologies. The bank made this fresh commitment on Thursday during the CBN

November 11, 2021

Currency·Markets

Exchange Rate update: Thursday, 11th Of October, 2021

Data at the FMDQ Security Exchange where forex is traded officially has shown that the exchange rate between the Naira and the US dollar opened on Thursday, November 11, 2021, at N414.28/$1 after it closed at ₦414.73 to a $1 on Wednesday,

November 11, 2021

Finance & Economy

Delta Assembly OKays Okowa’s N18.7bn Loan From CBN

The Delta State House of Assembly has approved a request by Governor Ifeanyi Okowa for N18.7bn bridging finance from the Central Bank of Nigeria (CBN). Okowa explained that the credit facility was to cushion the effect of repayment of the Federal Government’s

November 11, 2021

Finance & Economy

Nigeria’s Cement Maufacturer BUA Seeks Three-way Partnerships To Fast-track Africa’s Growth

A tripartite partnership among Africa’s private sector, governments and finance institutions will fast-track growth and development in Nigeria and the rest of Africa, Founder/Executive Chairman of BUA Group, Abdul Samad Rabiu, ha said. Rabiu, who is the President of the France Nigeria

November 11, 2021

Finance & Economy

Nigeria’s Debt Stock Hits N42.7tn As Senate Approves Fresh $16bn Loans

The Senate has approved the federal government’s foreign loans request of $16bn and €1.02bn, making Nigeria’s debt stock of N35.5tn rise to N42.7tn. President Muhammadu Buhari had sought to borrow the sum of $16.2bn, €1,02bn and a grant component of $125m to

November 11, 2021

Nigerian Gov’t Spends N96 Out Of Every N100 To Pay Debt - World Bank Says, Reveals Impact

Finance & Economy

Nigeria, Others Need $429bn External Financial Support – World Bank

World Bank has disclosed that Nigeria and other low income developing countries will need $429bn external financial support between 2023 and 2025. The Bank, however, demanded debt transparency, saying it is a crucial step in countries’ development and would facilitate new investments, improve

November 11, 2021

Elon Musk Now Twitter's Biggest Shareholder

Entrepreneurship

Multibillionaire Business Mogul Musk Sells 10% Shares Of Tesla’s Holdings After Twitter Polls

Tesla chief executive Elon Musk late Wednesday night fulfilled his pledge to sell 900,000 shares of his electric car company’s stock for 1.1 billion dollars, about N451,649,000,000.00 (Four Hundred and Fifty One Billion, Six Hundred and Forty Nine Million Naira)

November 11, 2021

President Buhari express grief over tanker explosion

Finance & Economy

Nigerian Economy, Repositioned For Global Competition, Buhari Tells French investors

President Muhammadu Buhari while speaking at the Nigeria International Partnership Forum has expressed optimism that the efforts of his administration to reposition the Nigerian economy will yield the desired results. Buhari on Wednesday insisted that the Federal Government’s desire is to

November 10, 2021

Agro-Economy·Finance & Economy

Isamic Development Bank To Support Nigeria’s Agro-processing Zones With US$150m

The Islamic Development Bank (ISDB), is set to release the sum of $150million to develop special Agro-Processing Zones in Nigeria. Dr. Mansur Muhtar, the Vice President, Country Operations for the ISDB who disclosed this at the 5th Africa International Conference on Islamic

November 10, 2021

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India-New Zealand Free Trade Agreement to Take Effect on Oct. 20

India and New Zealand’s free trade agreement (FTA) will take

UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has

Top 5 Best-Performing Industrial Goods Stocks In Q1 2026

Shareholders in Nigeria’s industrial goods sector recorded massive returns in

Naira Weakens Against Dollar, Gains On Pound, Euro In Official Market

On Thursday, the official foreign exchange (FX) rate for the

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Finance & Economy - Page 307

Ruto, Dangote Discuss Financing for $17 Billion Kenya Refinery Project

Nigeria’s Cost-of-Living Crisis Raises Vote-Buying Concerns Ahead of 2027

Stock Exchange Continue To Experience Free Fall On Thursday

CBN, At Lagos Trade Fair, Harps On Employment- led Growth

Exchange Rate update: Thursday, 11th Of October, 2021

Delta Assembly OKays Okowa’s N18.7bn Loan From CBN

Nigeria’s Cement Maufacturer BUA Seeks Three-way Partnerships To Fast-track Africa’s Growth

Nigeria’s Debt Stock Hits N42.7tn As Senate Approves Fresh $16bn Loans

Nigeria, Others Need $429bn External Financial Support – World Bank

Multibillionaire Business Mogul Musk Sells 10% Shares Of Tesla’s Holdings After Twitter Polls

Nigerian Economy, Repositioned For Global Competition, Buhari Tells French investors

Isamic Development Bank To Support Nigeria’s Agro-processing Zones With US$150m

Featured Stories

PISA 2025: East Asia Tops Global Math Rankings as OECD Scores Fall — What It Means for Africa’s Future Workforce

UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Broken System, Broken Lives – Tinubu’s Toxic Legacy

Two Group Chats, One Nigeria: Gen Z Pays The Bills, Boomers Write The Laws

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Ruto, Dangote Discuss Financing for $17 Billion Kenya Refinery Project

India-New Zealand Free Trade Agreement to Take Effect on Oct. 20

Kenya Power Customers Face Higher Bills as EPRA Adds KSh4.16 Per Unit

Australia Launches Bid for UN Security Council Seat for 2029-30

India-New Zealand Free Trade Agreement to Take Effect on Oct. 20

UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Top 5 Best-Performing Industrial Goods Stocks In Q1 2026

Naira Weakens Against Dollar, Gains On Pound, Euro In Official Market

Ruto, Dangote Discuss Financing for $17 Billion Kenya Refinery Project

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Finance & Economy - Page 307

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