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Business - Page 312

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·News·Oil & Gas

Nigeria’s Power Minister Advocates Naira Payments For Gas

In a bid to address the persistent challenges plaguing Nigeria’s power sector, Minister of Power, Adebayo Adelabu, has unveiled a proposal to mandate domestic gas payments in naira. This initiative aims to combat the recurrent shortage of gas supply, a major hindrance

February 10, 2024

Why Nigerian Airlines Have Been Unable To Compete With Foreign Operators - Keyamo

Business·News·Transport

Airlines Brace For Fare Hikes Amid Soaring Fuel Costs, Forex Crisis

In the face of mounting challenges, Nigeria’s airline operators are signaling potential fare increases as aviation fuel prices surge above N1300 per litre. Obiora Okonkwo, spokesperson for local airlines, stated on Friday urging immediate government intervention to avert a crisis in the

February 10, 2024

Business·News

The Cash Conundrum: How The Escalating Cash In Circulation Is Impacting Nigeria’s Inflation

In the bustling economic landscape of Nigeria, a concerning trend has emerged, one that threatens to disrupt the delicate balance of the nation’s financial stability. The Central Bank of Nigeria’s (CBN) latest data reveals a surge in the percentage of total cash

February 10, 2024

Business·News

Nigeria’s Economic Independence Struggle: The Foreign Telecom Giants, Naira’s Dilemma

In the bustling landscape of the Nigerian Stock Exchange (NGX), two foreign telecom giants, Airtel and MTN, have become towering figures, casting a shadow over the nation’s economic sovereignty. The undeniable fact stands – these Indian and South African companies jointly command

February 10, 2024

Business·News

Tinubu Signs New Electricity Act (Amendment) Bill Into Law

President Bola Tinubu has signed the Electricity Act (Amendment) Bill, 2024, into law. This move underscores a shift in energy policy, prioritizing the needs of host communities. “Tinubu’s commitment to equitable development shines through this legislation,” stated Ajuri Ngelale, Tinubu’s Special Adviser

February 9, 2024

Breaking: Senate Confirms Cardoso As CBN Governor, 4 Deputies

Business·News

CBN Gov Declares End To Ways, Means For FG, Vows Tightened Monetary Policy

In a move to address economic challenges, the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has announced the cessation of Ways and Means advances to the Federal Government until previous loans are repaid, emphasizing a commitment to tighter monetary

February 9, 2024

Business·FEATURES·Transport

How Nigeria Can Curb High Airfares On International Routes

As travellers in Nigeria continue to groan over the high cost of airfares for international travel, it has been said that the absence of Nigerian airlines operating in the market is also responsible for what has been described as a “crazy fare.”

February 9, 2024

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Markets·News

NAFEM Sees 56% Drop In Transactions As Naira Hits N1,480 Amid Rising Demand for Dollars

In a turn of events, the Nigerian Autonomous Foreign Exchange Market (NAFEM) witnessed a significant 56% decline in transaction value, plummeting from $465.29 million on Tuesday to $203.93 million on Wednesday, as reported by FMDQ Exchange on Thursday. Analysts attribute this downturn

February 9, 2024

NGX stock market. Photo credit: TheCable

Business·Markets·News

NGX: Market Turmoil As Equity Investors Lose N481bn Amidst Treasury Bill Frenzy

Nigeria’s equity market took a hit on Thursday as investors shifted their attention towards Treasury Bills, resulting in a loss of approximately N481 billion at the close of trading. The primary market auction held on Wednesday saw a surge in interest in

February 9, 2024

Business·News

CBN Creates New Department For NNPCL Dollar Revenue Transaction Amid Criticism

The Central Bank of Nigeria (CBN) has established a dedicated department to manage crude oil sales transactions previously handled by the Nigerian National Petroleum Company Limited (NNPCL). Mele Kyari, the Group Chief Executive Officer of NNPCL, announced on Thursday, emphasizing the decision’s

February 9, 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 312

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

Nigeria’s Power Minister Advocates Naira Payments For Gas

Airlines Brace For Fare Hikes Amid Soaring Fuel Costs, Forex Crisis

The Cash Conundrum: How The Escalating Cash In Circulation Is Impacting Nigeria’s Inflation

Nigeria’s Economic Independence Struggle: The Foreign Telecom Giants, Naira’s Dilemma

Tinubu Signs New Electricity Act (Amendment) Bill Into Law

CBN Gov Declares End To Ways, Means For FG, Vows Tightened Monetary Policy

How Nigeria Can Curb High Airfares On International Routes

NAFEM Sees 56% Drop In Transactions As Naira Hits N1,480 Amid Rising Demand for Dollars

NGX: Market Turmoil As Equity Investors Lose N481bn Amidst Treasury Bill Frenzy

CBN Creates New Department For NNPCL Dollar Revenue Transaction Amid Criticism

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

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