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Business - Page 250

Airplane Crashes at Owerri Airport – Four Injured, No Fatalities

A Skypower Express Cessna 172, registration 5N‑ASR, crashed during an emergency landing at Sam Mbakwe International Cargo Airport in Owerri, Imo State, on Tuesday night. The aircraft, which had departed Kaduna International Airport bound for Port Harcourt International Airport, declared an in‑flight emergency and diverted

December 17, 2025

Business·Finance & Economy

Our Capital Raise Will Spur Growth Of Businesses, Boost Economy – Fidelity Bank MD, Onyeali-Ikpe

Managing director and CEO of Fidelity Bank Plc, Nneka Onyeali-Ikpe has expressed confidence that the bank will raise N500 billion to meet the Central Bank of Nigeria (CBN)'s recapitalisation policy requirement before the 2026 deadline.

June 21, 2024

Business·News·Oil & Gas

NNPC, TotalEnergies Sign $550M Deal To Boost Domestic Gas Production

Major Investment in the Nigerian Gas Sector On Thursday, TotalEnergies and the Nigerian National Petroleum Company Limited (NNPC) signed a $550 million Final Investment Decision (FID) for the development of the Ubeta gas field. This investment marks a major milestone in Nigeria’s

June 21, 2024

NGX ASI Further Drops By 0.67%, As BUA Cement, Eterna Among Top Losers

Business·Markets·News

Nigeria’s Equity Market Closes Flat As Investors Remain Cautious

For the first time in weeks, Nigeria’s equity market closed flat on Thursday, reflecting a wait-and-see attitude among investors. The Nigerian Exchange Limited (NGX) saw active trading in stocks such as FBN Holdings, Fidelity Bank, Transcorp, Access Holdings, and AIICO, with 1,299,961,984

June 21, 2024

Naira Ends Week With N30 Gain In Black Market: Hope For Naira?

Business·News

Naira Depreciation, Borrowings Drive Nigeria’s Debt To N121.67trn

Nigeria’s public debt has reached an alarming N121.67 trillion, increasing by N24.33 trillion or 24.99 per cent within just three months, according to the Debt Management Office (DMO). This rise, largely driven by the naira’s depreciation, highlights the nation’s ongoing economic challenges.

June 21, 2024

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025

Business·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 21 June 2024

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

June 21, 2024

Business·Oil & Gas

NUPRC Extends Deadline For Oil Block Licencing Round

Nigerian Upstream Regulatory Commission (NUPRC), has extended the application deadline for the 2024 oil block licensing round.

June 21, 2024

Business·News

Carbon Shuts Down Debit Card Operations In Nigeria

Nigerian fintech company, Carbon, has decided to end its debit card operations in Nigeria, just two years after launching the service. This decision was announced by Carbon’s co-founder and CEO, Ngozi Dozie, on Wednesday via a Substack post. The post indicated that

June 20, 2024

Business·News

Binance Executive, Tigram Gambaryan Seeks Compensation For Prolonged Detention In Nigeria

Amended Motion Filed in Abuja Court A Binance executive, Tigran Gambaryan, has requested the Federal High Court in Abuja to award legal costs against the Office of the National Security Adviser (NSA) and the Economic and Financial Crimes Commission (EFCC), over his

June 20, 2024

Business·Oil & Gas

Jigawa Residents Spend More On Petrol As Price Rises By 223.21%

The latest data on Petrol Watch released by the National Bureau of Statistics (NBS) show that residents of Jigawa State in northwest Nigeria spent more on Premium Motor Spirit (PMS) also known as petrol.

June 20, 2024

Business·News

Fidelity Bank Kicks Off N127 Billion Public Offer, Rights Issue Today

Public Offer and Rights Issue Begin Fidelity Bank Plc, Nigeria’s sixth-largest bank, On Thursday, June 20 kicks off the public offer and rights issue, raising up to N127.1 billion. The bank’s strategy aims to comply with the Central Bank of Nigeria’s (CBN)

June 20, 2024

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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

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

The UK Labour government has expanded its existing sugar tax

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Business - Page 250

Airplane Crashes at Owerri Airport – Four Injured, No Fatalities

Our Capital Raise Will Spur Growth Of Businesses, Boost Economy – Fidelity Bank MD, Onyeali-Ikpe

NNPC, TotalEnergies Sign $550M Deal To Boost Domestic Gas Production

Nigeria’s Equity Market Closes Flat As Investors Remain Cautious

Naira Depreciation, Borrowings Drive Nigeria’s Debt To N121.67trn

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 21 June 2024

NUPRC Extends Deadline For Oil Block Licencing Round

Carbon Shuts Down Debit Card Operations In Nigeria

Binance Executive, Tigram Gambaryan Seeks Compensation For Prolonged Detention In Nigeria

Jigawa Residents Spend More On Petrol As Price Rises By 223.21%

Fidelity Bank Kicks Off N127 Billion Public Offer, Rights Issue Today

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