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News - Page 841

Renaissance Taps 13 Banks for $4.1 Billion Nigerian Oil Contractor Funding

October 16, 2026

Renaissance Africa Energy has secured financing commitments from 13 banks for a $4.1 billion dollar-denominated portfolio and a separate ₦435 billion facility to support indigenous oil and gas contractors as the company

Africa·News·Top Stories

Kenya Bolsters Lamu Security as Dangote Refinery Project Advances

October 16, 2026

Kenya’s military has called for heightened vigilance to protect strategic infrastructure in coastal Lamu as a proposed $16 billion refinery by Nigerian industrialist Aliko Dangote advances, following a court ruling that lifted

Forex Crisis: CBN Sells $122.67m To 46 Authorised BDC Operators

Business News·Currency·Finance & Economy·News

Foreign Education, Medical Tourism Worsen FX Crisis, Costing Nearly $40bn – Cardoso Laments

Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), said foreign education and medical tourism on have contributed significantly in Nigeria’s foreign exchange (FX) crisis. Cardoso made the revelation when he appeared before the House of Representatives on Tuesday, to

February 6, 2024

US Judge Dismisses Trump's Classified Document Case

News·World News

Trump’s Immunity Plea Denied: Appeals Court Opens Path For Prosecution

In a legal setback for former President Donald Trump, a federal appeals court rejected his immunity defense, paving the way for potential prosecution over alleged actions to overturn the 2020 election results. The ruling, delivered unanimously by a three-judge panel, dismantled Trump’s

February 6, 2024

Business News·News

CBN Reforms Yielding Positive Returns As FX Transactions Surge To $800m, CBN Gov Assert

In a revelation today, the Governor of the Central Bank of Nigeria (CBN), Mr. Cardoso, unveiled the tangible results of recent reforms initiated by the apex bank, underscoring a surge in liquidity within the foreign exchange market. Addressing the House of Representatives,

February 6, 2024

Vessels Discharge Hitches Causing Fuel Scarcity – NNPC

Business News·News·Oil & Gas

Fuel Scarcity: NNPCL Explains Lagos Fuel Queues As “Brief Distribution Issue”

Long queues at filling stations in Lagos State have sparked concerns among residents, leading to speculation about a potential fuel scarcity. However, the Nigerian National Petroleum Company Limited (NNPCL) has moved to allay fears, attributing the situation to what it terms a

February 6, 2024

U.S Secretary Of State, Blinken Visit Cairo To Discuss Gaza Hostage Deal With Egypt President Sisi

World News

U.S Secretary Of State, Blinken, Visits Cairo To Discuss Gaza Hostage Deal With Egypt President Sisi

The United States Secretary of State Antony Blinken’s arrival in Cairo today marks a pivotal moment in the ongoing efforts to broker a truce in Gaza and secure the release of hostages held by Hamas. Blinken’s diplomatic mission, orchestrated in collaboration with

February 6, 2024

World News

Nearly Half Of U.S Citizens Seek Verdict On Trump’s Election Subversion Charge As November Polls Approach

Nearly half of Americans are demanding a resolution to Donald Trump's 2020 election subversion case before he vies for the presidency again in November, according to a recent CNN poll.

February 6, 2024

HURIWA Condemns Security Agencies Clampdown On Media, Protesters

News

Plateau Killings: You Can’t Scuttle Voices Of The People HURIWA Tells DHQ

Human Rights Writers Association of Nigeria (HURIWA) has decried what it described as a subtle threat by the Defence headquarters against the group over her recent condemnation of the decision of the Chief of Defence Staff to set up a fact-finding team

February 6, 2024

World News

Why Iraq Bans 8 Local Banks From Carrying Out US Dollar Transactions

Iraq has taken the unprecedented step of barring eight local banks from engaging in U.S. dollar transactions.

February 6, 2024

Africa·News·Sports

Osimhen Suffers Abdominal Issue, Fails To Travel With Super Eagles Teammates

Super Eagles striker Victor Osimhen did not travel with the rest of the squad to the city of Bouake for Wednesday's semifinals game against South Africa in the 2023 Africa Cup of Nations in Cote d'Ivoire, Prime Business Africa scooped

February 6, 2024

Financial Inclusion Key To Realising Nigeria's $1trn Economy Target - Cardoso

Business News·News

Forex Backlog: $2.4bn Linked To Non-existing Entities, Says CBN Gov, Exposes Phantom Transactions

Dr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria, has made a shocking revelation about the foreign exchange backlog, stating that $2.4 billion of the $7 billion inherited were linked to non-existing entities, undocumented requests, and various infractions.

February 6, 2024

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China, North Korea Open Long-Delayed Bridge to Facilitate Trade

China and North Korea opened a long-delayed border bridge on

Worries As Oil Price Crash, Low Production Threaten Nigeria’s 2025 Budget

Iran Conflict Pushes South African Fuel Prices Sharply Higher

South Africa will raise petrol prices by more than 11%

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

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News - Page 841

Renaissance Taps 13 Banks for $4.1 Billion Nigerian Oil Contractor Funding

Kenya Bolsters Lamu Security as Dangote Refinery Project Advances

Foreign Education, Medical Tourism Worsen FX Crisis, Costing Nearly $40bn – Cardoso Laments

Trump’s Immunity Plea Denied: Appeals Court Opens Path For Prosecution

CBN Reforms Yielding Positive Returns As FX Transactions Surge To $800m, CBN Gov Assert

Fuel Scarcity: NNPCL Explains Lagos Fuel Queues As “Brief Distribution Issue”

U.S Secretary Of State, Blinken, Visits Cairo To Discuss Gaza Hostage Deal With Egypt President Sisi

Nearly Half Of U.S Citizens Seek Verdict On Trump’s Election Subversion Charge As November Polls Approach

Plateau Killings: You Can’t Scuttle Voices Of The People HURIWA Tells DHQ

Why Iraq Bans 8 Local Banks From Carrying Out US Dollar Transactions

Osimhen Suffers Abdominal Issue, Fails To Travel With Super Eagles Teammates

Forex Backlog: $2.4bn Linked To Non-existing Entities, Says CBN Gov, Exposes Phantom Transactions

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Renaissance Taps 13 Banks for $4.1 Billion Nigerian Oil Contractor Funding

Kenya Bolsters Lamu Security as Dangote Refinery Project Advances

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China, North Korea Open Long-Delayed Bridge to Facilitate Trade

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

Renaissance Taps 13 Banks for $4.1 Billion Nigerian Oil Contractor Funding

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