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Business - Page 164

WINGING INTO THE HOLIDAYS: Air Peace Launches Daily Ibadan-Abuja Flights, Fares from ₦95,000

Air Peace Limited is set to revolutionize travel between Ibadan and Abuja with the resumption of daily return flights starting December 24, 2025. This move reinforces the airline’s commitment to enhancing domestic connectivity and passenger convenience, just in time for the

December 19, 2025

Naira Falls Against Dollar In Black Market As Demand Increases In FX Market

Business·Currency·Markets·News

Naira Weakens Further Against Dollar, Ends Week On Negative Note

The Nigerian naira experienced further depreciation against the United States dollar in the foreign exchange market. According to the Nigeria Autonomous Foreign Exchange Market (NAFEM) data published on the FMDQ Securities and Exchange platform, the naira exchanged N1,652.25 against the dollar at

November 15, 2024

Nigeria's Inflation Rate Hits 33.88% In October Amid Fresh Fuel Price Spike

Business·Finance & Economy·News

Nigeria’s Inflation Rate Hits 33.88% In October Following Fuel Price Spike

Nigeria’s inflation rate has again recorded an increase following a fresh spike in prices of fuel and other commodities across the country. According to the Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on Friday, 15 November,

November 15, 2024

Business·News·Oil & Gas

Nigeria’s 1.8mbpd Oil Production A Drop In The Bucket – Economist

International Economist and Global Strategist, Derego Williams, has stated that Nigeria’s record of hitting 1.8 million barrels per day of crude oil production in November is like “a drop in the bucket” compared to what the country used to produce in the

November 15, 2024

UBA FY 2024: Profit Rises To ₦766.6 billion, Declares N3.00 Kobo Final Dividend

Business·News

UBA To Raise N239.4bn Through Rights Issue

United Bank for Africa (UBA) Plc, has announced plans to raise N239.4 billion through a Rights Issue of 6,839,884,274 ordinary shares of 50 kobo each at N35.00 per share. The Rights Issue, which opened on Friday, 15th November 2024, gives existing shareholders

November 15, 2024

Business·FEATURES·News·Top Stories

Economic Reform: A Journey With No End In Sight?

The Realities of Economic Reform in Nigeria Economic reform in Nigeria has been a continuous journey, yet for many Nigerians, it’s one that seems to be getting tougher every day. “The government has promised positive outcomes, but all we feel are higher

November 15, 2024

Business·Currency·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 15th November 2024

What is the Dollar to Naira Exchange rate at the black market, like the Aboki Fx? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN) in the parallel market also known as black market, especially the Aboki Fx as

November 15, 2024

Nigeria's Equity Market Declines By 1.99% in March Despite Weekly Gains

Business·Markets·News

Mixed Sentiment Drives Equity Market Down By 0.25%, Investors Cautious

Equity Market Shows Volatility Amid Mixed Sentiment The Nigerian equity market experienced a decline on Thursday, dropping by 0.25% as investors showed caution amid mixed sentiments. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) fell from 97,477.81 points to 97,233.07 points, aligning

November 15, 2024

Business·FEATURES·News

Nigeria’s Middle Class Struggles As Policies Deepen Economic Divide

Nigeria’s Middle Class Faces Unprecedented Challenges For years, Nigeria’s middle class has symbolised hope and economic stability. Today, it’s at risk. Rising costs, economic reforms, and recent policies have left this crucial group struggling. Nigerians and experts share insights into how policy

November 15, 2024

San Francisco years later: UNDP convenes an international conference of AI private sector leaders from Africa and G countries with the G Italian Presidency and as part of the Italy Africa Mattei Plan

AMA News·Business

UNDP Convenes International Conference Of AI Private Sector Leaders From Africa, G7 Countries

This week, the United Nations’ leading development agency (UNDP) and the G7 Italian Presidency, along with a delegation of private sector leaders from the African continent, is meeting with G7 AI leaders in San Francisco, hosted by the Italy Consul General in

November 14, 2024

NNPC E&P, NOSL Begin Oil Production In Akwa Ibom OML 13, Target 40,000 bpd By Month End

Business·News·Oil & Gas

NNPC Hits 1.8mbpd Oil Production, Eyes 2mbpd By Year End

The Nigerian National Petroleum Company Limited (NNPCL) says collaboration with its partners has enabled it to increase crude oil and gas production to 1.8million barrels per day (mbpd) and 7.4 standard cubic feet per day (scfd). The company which made this known

November 14, 2024

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Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

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Business - Page 164

WINGING INTO THE HOLIDAYS: Air Peace Launches Daily Ibadan-Abuja Flights, Fares from ₦95,000

Naira Weakens Further Against Dollar, Ends Week On Negative Note

Nigeria’s Inflation Rate Hits 33.88% In October Following Fuel Price Spike

Nigeria’s 1.8mbpd Oil Production A Drop In The Bucket – Economist

UBA To Raise N239.4bn Through Rights Issue

Economic Reform: A Journey With No End In Sight?

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 15th November 2024

Mixed Sentiment Drives Equity Market Down By 0.25%, Investors Cautious

Nigeria’s Middle Class Struggles As Policies Deepen Economic Divide

UNDP Convenes International Conference Of AI Private Sector Leaders From Africa, G7 Countries

NNPC Hits 1.8mbpd Oil Production, Eyes 2mbpd By Year End

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SEC Orders Full Registration of Tradable Instruments by January 2026

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Business - Page 164

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