Business - Page 497

Naira Ends Week With Marginal Gain Against Dollar

Dollar To Naira Exchange Rate: Dollar Rises By N165, As Naira Suffers

August 5, 2022 Dollar Rates Update: The naira and dollar exchange rate depreciated in favour of the Nigerian currency on Wednesday at the black market. The traders in the parallel market dropped

Fakoyejo Olalekan

2 years ago

Femi Otedola Issues New Statement After Reports Of Transcorp Plc Acquisition

Business

Femi Otedola: Geregu List Shares On NGX, As Billionaire Eyes Acquisition Of New Power Plant

An electricity power plant company, Geregu Power Plc, has listed by way of introduction on the Nigerian Exchange Limited (NGX) to raise funds amid report of its expansion plan. Geregu Power, owned

Fakoyejo Olalekan

2 years ago

Access Bank Raises N351bn, Emerges First Nigerian Bank To Meet CBN’s N500bn Capital Requirement

Business

Access Bank To Acquire Shares Of Portuguese Investor In Angolan Bank, Finibanco

Access Bank and Montepio Holding SGPS S.A have entered into an agreement for the acquisition of Finibanco Angola S.A, as the Nigerian bank expands its operation in the African market. In a

Fakoyejo Olalekan

2 years ago

Finance Minister Likens Hardship Caused By Old Naira Deadline To Injury

Business

Risk Of Banks’ Failure High, Threatens Depositors’ Funds – Finance Min. Zainab Ahmed

Nigerian banks risk failing after increase in social-economic challenges across the world, the Minister of Finance, Budget, and National Planning, Zainab Ahmed, has disclosed. Ahmed, during the 2022 International Association of Deposit Insurers

Fakoyejo Olalekan

2 years ago

Business·World News

Twitter Market Valuation Rises, As Elon Musk’s Ready To Buy Firm At Agreed Price

Twitter share skyrocket by 22.09 per cent on Tuesday after news broke that the world’s richest man, Elon Musk, has reportedly agreed to acquire the social networking site for $44 billion. Trading

Fakoyejo Olalekan

2 years ago

Nigerians Groan As NNPCL Again Increases Pump Price of Petrol

Business·Oil & Gas

Mele Kyari Reacts, As NNPC Limited Records N674 billion Profit In 12 Months

Over N674 billion has been declared as profit after tax for 2021 by the Nigerian National Petroleum Corporation (NNPC) Limited, which recently acquired Oando retail business, OVH Energy Marketing. The net profit

Fakoyejo Olalekan

2 years ago

Mark Zuckerberg Reveals What Being Meta CEO Feels Like

Business

Mark Zuckerberg Makes N437 billion, As Meta Investors Ignore Nigerian Gov’t Lawsuit

Mark Zuckerberg’s wealth grew on Tuesday by 2.08 per cent amid a faceoff between his company, Meta Platforms and the Nigerian government over unapproved advertisements targeting Nigerian audience. Zuckerberg’s networth rose to

Fakoyejo Olalekan

2 years ago

AMA News·Business

4 Reasons Why SMEs Are Taking To The Cloud

NAIROBI: In the midst of a period of ongoing disruption, SMEs are increasingly turning to the cloud to help evolve their business models, achieve greater efficiency, and drive innovation. According to Jade

Prime Business Africa

2 years ago

CBN Places Service Restriction On PoS Agents Across Nigeria

Business·Top Stories

CBN Deducts N838.8 billion Depositors’ Funds From GTBank, Zenith, First Bank, 12 Others

Over N838.82 billion of depositors funds in Zenith Bank, Guaranty Trust Bank (GTBank), First Bank of Nigeria (FBN) and 12 others were debited by the Central Bank of Nigeria (CBN). The CBN

Fakoyejo Olalekan

2 years ago

AMA News·Business

How WorldRemit’s ‘Teacher Appreciation Month” In Ghana Impacts Teachers, Learners

By Gbenga Okejimi, Country Manager, Nigeria and Ghana, WorldRemit ACCRA, Ghana, 4 October, 2022,-/African Media Agency (AMA)/- Teachers sit at the heart of the global education system as they bring the knowledge in

Prime Business Africa

2 years ago

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Business - Page 497

Dollar To Naira Exchange Rate: Dollar Rises By N165, As Naira Suffers

Femi Otedola: Geregu List Shares On NGX, As Billionaire Eyes Acquisition Of New Power Plant

Access Bank To Acquire Shares Of Portuguese Investor In Angolan Bank, Finibanco

Risk Of Banks’ Failure High, Threatens Depositors’ Funds – Finance Min. Zainab Ahmed

Mele Kyari Reacts, As NNPC Limited Records N674 billion Profit In 12 Months

Mark Zuckerberg Makes N437 billion, As Meta Investors Ignore Nigerian Gov’t Lawsuit

CBN Deducts N838.8 billion Depositors’ Funds From GTBank, Zenith, First Bank, 12 Others

How WorldRemit’s ‘Teacher Appreciation Month” In Ghana Impacts Teachers, Learners

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