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CBN Considers Adoption Of eNaira As Payment Gateway

December 9, 2021

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

News

Anti-Corruption Day: Nigeria Reaffirms Commitment To Rooting Out Corruption

December 9, 2021

To mark International Anti-Corruption Day, the Federal Republic of Nigeria (FRN) has reaffirmed its ongoing commitment to the global fight against corruption. The FGN, in a statement sent to Prime Business Africa, read: The 2021 International Anti-Corruption Day seeks to highlight the

HOMEF Tasks Ogoni Communities To Monitor Their Environment

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African Govts Ignore Global Decarbonisation Agenda, Says Environment Activist, Nnimmo Bassey

December 9, 2021

African governments don’t seem to be showing commitment to the global decarbonisation agenda aimed at mitigating the impact of global warming and climate change, hence their common disposition in exploration of environmental resources for economic gains. Ugandan government under the leadership of

Finance & Economy·Technology

Tech-savvy Nigerian Banks Defying Global Trends?

December 9, 2021

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

Oil & Gas

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

December 9, 2021

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

NGX: Investors Gain N313bn As ASI Rebound By 0.70%

Finance & Economy

Rush For Heavyweight Shares Pushes Market Gain To N217 Billion

December 9, 2021

Bouyed by the advance mostly derived from appreciation in the shares of MTNN, Seplat, UBA, Access, ETI, GTCO and Sterling Bank, Nigerian stocks gained big on Wednesday as the benchmark index climbed 1 per cent following investor’s tremendous demand for big-cap stocks

The Nigeria Ports Authority (NPA), the Nigeria Customs Service (NCS) and three other agencies have been accused of illegal auction of Federal Government properties.

Business News

Reps Take Major Action As CBN, AMCON, Others Shun Budget Defence

December 9, 2021

The House of Representatives has asked its principal officers to interface with the Committee of Finance and Currency over the failure of some agencies to appear for 2022 budget defence. Deputy Speaker of the House, Idris Wase, gave the ruling on Wednesday

Finance & Economy

Renaissance Capital Sees Official FX Rate at N482, Says Naira 13% Overvalued

December 9, 2021

Renaissance Capital Limited, a leading emerging and frontier market investment banking firm, predicts that the Naira will hit N482 to a dollar at the investors and exporters (I&E) foreign exchange window in 2022. Renaissance Capital (RenCap) at a webinar organized Wednesday said

Sports

Barcelona Knocked Out Of Champions League, Bow To Three-star Bayern Munich

December 9, 2021

Barcelona failed to reach the knockout stages of the UEFA Champions League for the first time in 18 years Wednesday night as they fell to a 3-0 defeat against new nemesis Bayern Munich. The memory of Barcelona crashing

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Latest

CBN Considers Adoption Of eNaira As Payment Gateway

Anti-Corruption Day: Nigeria Reaffirms Commitment To Rooting Out Corruption

African Govts Ignore Global Decarbonisation Agenda, Says Environment Activist, Nnimmo Bassey

Tech-savvy Nigerian Banks Defying Global Trends?

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

Rush For Heavyweight Shares Pushes Market Gain To N217 Billion

Reps Take Major Action As CBN, AMCON, Others Shun Budget Defence

Renaissance Capital Sees Official FX Rate at N482, Says Naira 13% Overvalued

Barcelona Knocked Out Of Champions League, Bow To Three-star Bayern Munich

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Lithium: Will Nigeria Repeat the Oil Curse?

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