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Business - Page 29

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

Business

Manufacturers’ VAT Rises 39% To N803.5bn Despite Low Output

Nigeria’s manufacturing sector contribution to Value-added Tax (VAT) rose by 39 per cent to ₦803.5 billion in 2024 from ₦578.39 billion recorded in 2023. This growth occurs amid a challenging economic environment characterized by declining industrial output, high inflation, and foreign exchange

August 27, 2025

Business·Top Stories

Beta Glass Reduces Impact Of Cost On Revenue As Turnover Rises 63.37%

Beta Glass closed the first half (H1) of 2025 with N78.23 billion revenue, exceeding the N47.88 billion grossed in H1 2024, representing an increase of 63.37 percent. This is according to the glass container manufacturer’s unaudited interim financial statements for the six

August 27, 2025

Business·News

CBN Gives Banks October 31 Deadline To Comply With Payment Messaging Standard

The Central Bank of Nigeria (CBN) has issued a directive requiring all operators in the country’s payment ecosystem to complete their migration to the ISO 20022 global messaging standard and implement mandatory geo-tagging of payment terminals by 31 October 2025. In a

August 27, 2025

Business·Top Stories

Nigerian Paint Billionaires Have Gained N17.10bn In Eight Months

In the last eight months, the majority shareholders of the three paint manufacturers listed on the Nigerian Exchange Limited (NGX), also known as the stock market, have recorded a combined gain of N17.10 billion. Prime Business Africa understands that the three majority

August 27, 2025

Business·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 27th August 2025

What is the dollar-to-naira exchange rate on 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 the black market, as of 27th August 2025, is

August 27, 2025

Business·Top Stories

Berger Paints, Beta Glass, Others Lift NGX Market Cap By N203.46bn

Over N203.46 billion was added to the market capitalisation of the Nigerian Exchange Limited (NGX), also known as the Nigerian stock market, on Tuesday, August 26. The market capitalisation had closed at N89.69 trillion after trading hours, up from the N89.49 trillion

August 26, 2025

Business·Top Stories

BUA Foods Secures N470.21bn Revenue In Three Months

BUA Foods recorded N470.21 billion turnover in the second quarter (Q2) of 2025, up by 49.05 percent when compared to the N315.47 billion secured in the corresponding period of last year. This was disclosed in BUA Foods’ unaudited financial statements for the

August 26, 2025

Business·Top Stories

From N2.36bn To N1.22bn… Ogun State’s Investment In Sunu Assurances Declining

The value of investment held by Gateway Holdings Limited, an investment vehicle owned by Ogun state government, in Sunu Assurances has declined by 48.15 percent year-to-date, as equity traders in the Nigerian stock market hold bearish sentiments towards the insurer. Gateway Holdings

August 26, 2025

Business·Power

Nigerian DisCos Generate N1.13trn Revenue In H1 2025

The 11 electricity distribution companies (Discos) in Nigeria generated a combined total of N1.10 trillion in the first half of 2025. This was revealed in the latest report released by the Nigerian Electricity Regulatory Commission (NERC). This H1 2025 figure is higher than

August 26, 2025

Business·Opinion

How AfCFTA Can Boost Small Business Growth In Nigeria, Inspire Africa

The African Continental Free Trade Area (AfCFTA) is a game-changer for Africa’s economic development, and Nigeria is poised to play a pivotal role in its success. With its vibrant market, significant economic weight, and strategic location, Nigeria can leverage AfCFTA to unlock

August 26, 2025

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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 29

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

Manufacturers’ VAT Rises 39% To N803.5bn Despite Low Output

Beta Glass Reduces Impact Of Cost On Revenue As Turnover Rises 63.37%

CBN Gives Banks October 31 Deadline To Comply With Payment Messaging Standard

Nigerian Paint Billionaires Have Gained N17.10bn In Eight Months

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 27th August 2025

Berger Paints, Beta Glass, Others Lift NGX Market Cap By N203.46bn

BUA Foods Secures N470.21bn Revenue In Three Months

From N2.36bn To N1.22bn… Ogun State’s Investment In Sunu Assurances Declining

Nigerian DisCos Generate N1.13trn Revenue In H1 2025

How AfCFTA Can Boost Small Business Growth In Nigeria, Inspire Africa

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Business - Page 29

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