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Business - Page 314

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

Saudi Arabia Issues Warning Of $50 Oil Price If OPEC+ Nations Fail To Comply

Business·Oil & Gas

Why Global Oil Market Needs $14trn Investment – OPEC

In a paradigm-shifting address at India Energy Week, OPEC’s Secretary General Haitham al-Ghais illuminated the pressing need for $14 trillion investment in the global oil market over the next two decades. His remarks underscored the critical juncture at which the energy sector

February 7, 2024

How Loss Of Over $5 Trillion In U.S. Stock Exchange Affects Nigeria

Business·Markets

Market Cap Suffers N849bn Loss As Key Players Dip

The Nigerian Exchange witnessed a downturn on Tuesday, with losses recorded across major players including BUA Cement, Sterling Financial Holding Company, Consolidated Hallmark Holdings, UPDC, and The Initiates. The market saw a decline of N849 billion in market capitalization, marking a pivotal

February 7, 2024

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Currency

Naira Dips To N1,433 At Official Market Amid Surge In Forex Transactions

The Naira value slightly dropped in the official window despite surge in foreign exchange transactions, soaring to $584 million as data from the Nigerian Autonomous Foreign Exchange Market (FMDQ) revealed. This surge in FX transactions marks an increase from the previously recorded

February 7, 2024

Business·News

Just In: Court Clears Former Air Force Chief, Amosu, Others Of N21bn Money Laundering Charges

In a turn of events at the Federal High Court in Lagos, the long-standing money laundering charges against former Chief of Air Staff, Adesola Amosu, and his colleagues have been quashed. Justice Chukwujekwu Aneke delivered the verdict on Tuesday, marking a shift

February 6, 2024

Business·News·Top Stories

Kidnapping Surge Fuels Demand For Armored Vehicles In Nigeria Amid Forex Crisis

As the haunting shadow of abductions looms over Nigeria, a surge in demand for armored vehicles by Very Important Persons (VIPs) and affluent citizens has been observed. This uptick comes in the wake of a kidnapping epidemic plaguing the nation, prompting individuals

February 6, 2024

Forex Crisis: CBN Sells $122.67m To 46 Authorised BDC Operators

Business·Currency·Finance & Economy·News

Foreign Education, Medical Tourism Worsen FX Crisis, Costing Nearly $40bn – Cardoso Laments

Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), said foreign education and medical tourism on have contributed significantly in Nigeria’s foreign exchange (FX) crisis. Cardoso made the revelation when he appeared before the House of Representatives on Tuesday, to

February 6, 2024

Business·News

CBN Reforms Yielding Positive Returns As FX Transactions Surge To $800m, CBN Gov Assert

In a revelation today, the Governor of the Central Bank of Nigeria (CBN), Mr. Cardoso, unveiled the tangible results of recent reforms initiated by the apex bank, underscoring a surge in liquidity within the foreign exchange market. Addressing the House of Representatives,

February 6, 2024

Vessels Discharge Hitches Causing Fuel Scarcity – NNPC

Business·News·Oil & Gas

Fuel Scarcity: NNPCL Explains Lagos Fuel Queues As “Brief Distribution Issue”

Long queues at filling stations in Lagos State have sparked concerns among residents, leading to speculation about a potential fuel scarcity. However, the Nigerian National Petroleum Company Limited (NNPCL) has moved to allay fears, attributing the situation to what it terms a

February 6, 2024

AMA News·Business

Press Release: 2024 U.S.-Africa Business Summit: Partnering for Sustainable Success; Celebrating MCC’s 20 Years of Poverty-Reducing Development

WASHINGTON, DC, USA, 6 February 2024, /African Media Agency/-The Corporate Council on Africa (CCA) is proud to announce that the 2024 U.S.-Africa Business Summit will take place in Dallas, Texas May 6-9, 2024, with the theme “U.S.-Africa Business: Partnering for Sustainable Success.”

February 6, 2024

Business·Markets

Equity Investors Lose N437bn As ASI Closes At 103,649 Points

Equity investors navigated a challenging Monday, witnessing a loss of N437bn due to sell-offs in select stocks. The All-Share Index and market capitalization at the Nigerian Exchange reflected the downturn, closing at 103,659.81 points and N56.72tn, respectively, marking a 0.73% and 0.76%

February 6, 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 314

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

Why Global Oil Market Needs $14trn Investment – OPEC

Market Cap Suffers N849bn Loss As Key Players Dip

Naira Dips To N1,433 At Official Market Amid Surge In Forex Transactions

Just In: Court Clears Former Air Force Chief, Amosu, Others Of N21bn Money Laundering Charges

Kidnapping Surge Fuels Demand For Armored Vehicles In Nigeria Amid Forex Crisis

Foreign Education, Medical Tourism Worsen FX Crisis, Costing Nearly $40bn – Cardoso Laments

CBN Reforms Yielding Positive Returns As FX Transactions Surge To $800m, CBN Gov Assert

Fuel Scarcity: NNPCL Explains Lagos Fuel Queues As “Brief Distribution Issue”

Press Release: 2024 U.S.-Africa Business Summit: Partnering for Sustainable Success; Celebrating MCC’s 20 Years of Poverty-Reducing Development

Equity Investors Lose N437bn As ASI Closes At 103,649 Points

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Shari’ah Council Flags Alleged Alterations in Gazetted Tax Reform Laws, Demands Urgent National Assembly Review

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

Oworonshoki Demolitions: Residents Appeal to Gov. Sanwo-Olu as Homeowners Sacked

A Mentor’s Legacy: How Former FRSC Marshal Osita Chidoka Shaped a Generation of Public‑Sector Leaders

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