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Business - Page 311

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

Nigeria Needs Improved Security, Investment To Achieve Over 2 mbpd Crude Oil Production – Report

Business·World News

Investors Dump Oil As US Refinery Shutdown

In a turn of events on February 1st, a site-wide electricity failure struck BP’s Whiting refinery in Indiana, dashing hopes for an early rally in crude prices. The shutdown, prompted by safety concerns, dealt a significant blow to portfolio investors who were

February 13, 2024

6 Factors Behind Poor Performance Of Nigeria’s Oil & Gas Stocks This Year

Business·Markets

NGX Bounces Back As Equity Market Gains N101bn Despite Tragic Loss Of Access Holdings

the Nigerian Stock Exchange (NSE) rebounded from last week's downturn, surging by N101 billion in Monday's trading session.

February 13, 2024

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Currency

Naira Hits N1,532/$1 As Nigerians Lament Worsening Economic Crisis

Nigerian naira plummeted to a historic low of N1,534 against the dollar on Monday, marking a downturn from its previous closing rate.

February 13, 2024

Business·News

Access Holdings Appoints Bolaji Agbede As Acting CEO After Wigwe’s Death

The Board of Directors of Access Holdings Plc has appointed an Acting Group Chief Executive Officer, in the person of Ms. Bolaji Agbede. Agbede’s appointment followed the sudden tragic loss of the Group CEO, Dr Herbert Wigwe, in a helicopter accident on

February 13, 2024

Business·World News

Australian Dollar Steadies Amid Risk-on Sentiment, US Dollar Weakness

While global markets remained relatively calm, the Australian Dollar (AUD) found stability despite intraday fluctuations, buoyed by a risk-on sentiment and a weaker US Dollar (USD).

February 12, 2024

Gold remains too hot to chase, too hot to short

Business·Currency

Gold Price Steady Below $2,030 Amidst Geopolitical Tensions

Amidst a backdrop of geopolitical tensions in the Middle East and anticipation for upcoming US inflation data, gold prices remained range-bound below the $2,030 mark on Monday.

February 12, 2024

Business·News

MAN Kicks Against NAFDAC’s Sachet Alcohol Ban, Calls For Collaborative Approach

The Director-General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, disputed claims by the National Agency for Food and Drug Adm inistration and Control (NAFDAC) regarding the recent ban on sachet alcoholic drinks.

February 12, 2024

Nigeria’s power generation has risen to 5,313 Mega Watts (MW), first time in three years, says the Minister of Power, Bayo Adelabu.

Business·Power

7.1million Unmetered Electricity Consumers Overbilled By DisCos- Nigerian Govt Reveals

It has been uncovered that over 7.1 million unmetered electricity consumers were overbilled by power distribution companies (Discos) in Nigeria between January and September 2023.

February 12, 2024

Business·News

Cement Prices Soar By 100% In 3 Years, Hit N7,000 per Bag

In a turn of events, the price of cement in Nigeria has skyrocketed by 100% over the past three years, reaching an unprecedented high of N7,000 per bag. This surge, fueled by spiraling inflation, has left Nigerians grappling with the exorbitant costs

February 11, 2024

Business·News

Why Ban on Alcohol in Sachets Is Economic Sabotage- NECA Laments

The Nigeria Employers’ Consultative Association (NECA) has condemned the recent prohibition imposed by the National Agency for Food and Drug Administration and Control (NAFDAC) on packaging alcoholic beverages in sachets and small-sized bottles. NECA, the apex body representing employers in Nigeria, characterized

February 11, 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 311

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

Investors Dump Oil As US Refinery Shutdown

NGX Bounces Back As Equity Market Gains N101bn Despite Tragic Loss Of Access Holdings

Naira Hits N1,532/$1 As Nigerians Lament Worsening Economic Crisis

Access Holdings Appoints Bolaji Agbede As Acting CEO After Wigwe’s Death

Australian Dollar Steadies Amid Risk-on Sentiment, US Dollar Weakness

Gold Price Steady Below $2,030 Amidst Geopolitical Tensions

MAN Kicks Against NAFDAC’s Sachet Alcohol Ban, Calls For Collaborative Approach

7.1million Unmetered Electricity Consumers Overbilled By DisCos- Nigerian Govt Reveals

Cement Prices Soar By 100% In 3 Years, Hit N7,000 per Bag

Why Ban on Alcohol in Sachets Is Economic Sabotage- NECA Laments

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

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Forged Laws Allegation Deepens Nigeria’s Governance Crisis – Obi

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