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Finance & Economy - Page 320

Ajaero’s Arrest By DSS ‘A Brazen Act Of Lawlessness, Intimidation’ – NLC

NLC Rejects Federal Government’s ₦3 Trillion Power Sector Bailout

The Nigeria Labour Congress (NLC) has opposed plans by the federal government to grant a ₦3 trillion bailout to privately owned electricity generation companies, arguing that the move will not resolve the country’s power supply challenges. In a statement signed by its

February 20, 2026

Finance & Economy

Demutualisation Will Reduce Conflict Of Interests, Says NGX CEO Onyema

DEMUTUALISATION will reduce conflict of interests in the shareholder-owned entity and support agile decision-making, Group Chief Executive Officer, Nigeria Exchange Group Plc, Mr Oscar Onyema, has said. He added that demutalisation would improve governance, bring about greater management performance, transparency and accountability.

August 8, 2021

Currency·Finance & Economy·News

Naira Weakens As Dollar Supply Drops By 18.14%

At the close of market on Thursday 5th August 2021, Naira appreciated against the US Dollar by 0.06% gain. The market closed with N411.25/1$ compared to N411.50/1$ that was recorded on Wednesday 4th, August, 2021. However, naira depreciated against the U.S dollar

August 6, 2021

Finance & Economy·News

Foreign Exchange Documentation Process Cumbersome – FDC

Bismark Rewane FINANCIAL Derivatives Company Limited (FDC) has described the process required by commercial banks for the sale of foreign exchange as cumbersome and also noted that it would be a challenge to the general public. Analysts at FDC, headed by Mr

August 6, 2021

Naira Opens Week With Gain Across FX Markets

Currency·Finance & Economy·News

How Free Naira Fall Triggered ‘Ban’ On BDCs

THE continuous loss of value for the Naira is the major reason Nigeria's apex bank .......

August 6, 2021

Agro-Economy·News

LCCI Agric Chair Akpabio Salutes AfDB’s $150m Women Fund, Urges More Access

CHAIRMAN of the Agric arm of the Lagos Chamber of Commerce and Industry (LCCI), Mrs Edobong Akpabio, Friday canvassed strategic support for African women in agribusiness and provision of access to funds. Mrs Akpabio, who also runs Visionage Agrotech Farms Limited

August 6, 2021

News·Oil & Gas

175m Nigerians Don’t Have Access To Clean Cooking Energy – Minister

Cooking gas. Photo credit: Climate and Cooking Gas Coalition About 175 million Nigerians still lack access to clean, reliable and affordable cooking energy, the Minister of State for Power, Dr. Goddy Jedy Agba, has said. Agba stated this during the sixth Nigeria

August 6, 2021

Finance & Economy·News

20% Of Dangote’s Refinery To Be Acquired By FG For $2.76bn

The Federal Executive Council (FEC) has approved the acquisition of 20% quota minority $2.76bn in the Dangote Petroleum and Petrochemical refinery by the Nigerian National Petroleum Corporation (NNPC). Minister of State for petroleum, Timipre Sylva disclosed this to journalists after the virtual

August 5, 2021

Finance & Economy·News

Zenith Bank’s AA-Rating Reaffirmed By DataPro

With a stable outlook for the year 2020/2021, Zenith Bank Plc’s long-term rating of AA has been re-affirmed by DataPro in its latest report. The Rating Committee of DataPro, a leading National Credit Rating Agency (CRA) recognised and approved by the Securities

August 5, 2021

Finance & Economy·News

FG Approves Eight Eurobond Transaction Advisers

TOWARDS financing the 2021 budget deficit, 8 transaction institutions have been appointed by the Federal government to advise country on Eurobond Issuance.

August 5, 2021

Finance & Economy·News

Nigeria’s Foreign Reserve Grows By $79.1m

NIGERIA’S foreign reserve closed the month of July 2021 at $33.4bn, appreciating marginally by $79.1m compared to last month’s $33.32bn. According to data extracted from CBN’s website, foreign reserve declined by $1.97bn compared to $35.37bn at the start of 2021. The current

August 5, 2021

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Finance & Economy - Page 320

NLC Rejects Federal Government’s ₦3 Trillion Power Sector Bailout

Demutualisation Will Reduce Conflict Of Interests, Says NGX CEO Onyema

Naira Weakens As Dollar Supply Drops By 18.14%

Foreign Exchange Documentation Process Cumbersome – FDC

How Free Naira Fall Triggered ‘Ban’ On BDCs

LCCI Agric Chair Akpabio Salutes AfDB’s $150m Women Fund, Urges More Access

175m Nigerians Don’t Have Access To Clean Cooking Energy – Minister

20% Of Dangote’s Refinery To Be Acquired By FG For $2.76bn

Zenith Bank’s AA-Rating Reaffirmed By DataPro

FG Approves Eight Eurobond Transaction Advisers

Nigeria’s Foreign Reserve Grows By $79.1m

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Finance & Economy - Page 320

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