PBA Reporter, Author at Prime Business Africa

GTCO, First Bank Fail To Make Top Five Performing Nigerian Bank Stocks In H1 2023

Banks’ Loan To Nigeria’s Private Sector Rises To N36.37 Trillion

Bank credit to the Nigerian private sector, according to a report by the Central Bank of Nigeria (CBN), rose to N36.37 trillion as of March 2022, representing N1.18 trillion net new loans

PBA Reporter

3 years ago

Business

Subsidy Hits N1.35tn In Four Months

Subsidy on Premium Motor Spirit, popularly called petrol, between January and March 2022 rose to N675.93bn. This is based on the latest data obtained from the Nigerian National Petroleum Company Limited on

PBA Reporter

3 years ago

Business

FEC Approves Three Contracts To Boost Electricity Supply

The Federal Executive Council (FEC) today, Wednesday, 27, approved three contracts to boost the electricity supply in the country. The council gave the approval during the weekly meeting presided over by President

PBA Reporter

3 years ago

Business

Customers Can Now Get Prepaid Meters Within 24 Hours – Ikeja Electric

Ikeja Electric Plc (IE), an electricity distribution company in Lagos, has disclosed that customers can get prepaid meters within 24 hours. The company, in a statement, said the one-day metering initiative, which

PBA Reporter

3 years ago

Business

AfDB Warns, Says Over $10bn Food Production At risk In Nigeria, Others

The African Development Bank Group has disclosed that a fertiliser crisis triggered by the Russian war in Ukraine could put more than $10bn worth of food production at risk in Africa. President

PBA Reporter

3 years ago

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

Business·Top Stories

World Bank Earmarks $170bn Lifeline For Nigeria, Others

World Bank has started working on a crisis response of around $170bn in financing capacity to address the wide-ranging needs of Nigeria and other crisis-ridden countries between April 2022 and June 2023.

PBA Reporter

3 years ago

Business

Like MTN, Airtel Gets CBN’s Final Approval To Operate Agency Banking

Just like MTN, Airtel Africa Plc has received the Central Bank of Nigeria (CBN’s) final approval to operate as a super agent. Prime Business Africa had reported that MTN, two weeks ago,

PBA Reporter

3 years ago

Accused Billionaire Drug Baron, Afam Ukatu, Loses N20 billion Accounts To Gov’t Agency

NDLEA Nabs Drug Baron Behind N3bn Tramadol Linked To Abba Kyari’s Team

Chief Afam Mallinson Emmanuel Ukatu, the suspected billionaire drug baron behind the N3billion Tramadol, deal allegedly involving the embattled suspended Deputy Commissioner of Police, Abba Kyari-led Intelligence Response Team has been arrested

PBA Reporter

3 years ago

Business

DMO Auctions N225bn FGN Bonds At N1,000 Per Unit

The Debt Management Office has offered three new federal government of Nigeria (FGN) bonds valued at N225 billion for subscription by auction. The agency explained that the bonds are valued at N1,000

PBA Reporter

3 years ago

Business

Nigeria’s Fiscal Deficit Hits N2.23trn In 3 Months

The Central Bank of Nigeria (CBN) has disclosed that the federal government recorded N2.23 trillion fiscal deficit in the fourth quarter (Q4) of 2021. The CBN made this known in its economic

PBA Reporter

3 years ago

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PBA Reporter

Banks’ Loan To Nigeria’s Private Sector Rises To N36.37 Trillion

Subsidy Hits N1.35tn In Four Months

FEC Approves Three Contracts To Boost Electricity Supply

Customers Can Now Get Prepaid Meters Within 24 Hours – Ikeja Electric

AfDB Warns, Says Over $10bn Food Production At risk In Nigeria, Others

World Bank Earmarks $170bn Lifeline For Nigeria, Others

Like MTN, Airtel Gets CBN’s Final Approval To Operate Agency Banking

NDLEA Nabs Drug Baron Behind N3bn Tramadol Linked To Abba Kyari’s Team

DMO Auctions N225bn FGN Bonds At N1,000 Per Unit

Nigeria’s Fiscal Deficit Hits N2.23trn In 3 Months

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