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Business - Page 315

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

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Currency

Naira Weakens At Parallel Market, Appreciates To N1,419/$1 At Official Window

Nigerian Naira on Monday showed resilience at the official forex window, appreciating by 1.09% to close at N1,419.86/$.

February 6, 2024

Financial Inclusion Key To Realising Nigeria's $1trn Economy Target - Cardoso

Business·News

Forex Backlog: $2.4bn Linked To Non-existing Entities, Says CBN Gov, Exposes Phantom Transactions

Dr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria, has made a shocking revelation about the foreign exchange backlog, stating that $2.4 billion of the $7 billion inherited were linked to non-existing entities, undocumented requests, and various infractions.

February 6, 2024

Breaking: Senate Confirms Cardoso As CBN Governor, 4 Deputies

Business·News

$2.4bn Of The $7bn Inherited Were Linked to Non-existing Entities- CBN Gov Exposes Forex Phantom Transactions

Dr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria, revealed a shocking revelation about the foreign exchange backlog, stating that $2.4 billion of the $7 billion inherited was linked to non-existing entities, undocumented requests, and various infractions. Cardoso, addressing concerns

February 5, 2024

Business·World News

AUD/USD Faces Downside Pressure As Strong US Jobs Data Shifts Market Expectations

The AUD/USD pair is grappling with renewed selling pressure following robust US job data.

February 5, 2024

Business·Currency

NAFEM: How Dollar Supply Rose By 180% As Banks Sell $440m

The official foreign exchange market witnessed a staggering 180.59% increase in dollar supply, soaring to $440.13 million on Friday. The naira’s closing rate at N1435.53/$ marked the end of a tumultuous week, with forex turnover spiking from $156.86 million on Thursday, according

February 5, 2024

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

Business·Markets

NGX: Equity Market Earns Weekly 1trn Gain

In a week that saw financial markets oscillate, Nigeria’s trading landscape concluded on a triumphant note as investors celebrated a collective gain of N1.12tn. Despite grappling with two days of bearish trends causing a combined loss of N1.93bn, the Nigerian Exchange All-Share

February 5, 2024

Business·Oil & Gas

NNPCL Targets Q1 2024 For Completion Of Warri Refinery Rehabilitation

NNPCL has revealed that it is on track to complete mechanical phase rehabilitation of the Warri Refining and Petrochemical Company (WRPC) in the first quarter of 2024.

February 3, 2024

Business·News

Importers, Clearing Agents Groan As Nigerian Govt Raises Cargo Clearance Exchange Rate To N1,356/$1

The Nigerian government has raised the exchange rate for cargo clearance from N952/$ to N1,356 per dollar.

February 3, 2024

Business·Markets

NGX: Market Equities Gain N898bn As ASI Appreciates By 1.57%

The NGX witnessed a robust bullish trend, propelling the All-Share Index to a 1.57% appreciation, closing at 104,421.23 points. Dangote Sugar played a pivotal role, securing a 7.17% gain, while banking stocks exhibited noteworthy performances, contributing to the market’s positive breadth with

February 3, 2024

Business·News

Nigerian Govt, AfDB Unveils $617m IDICE Fund To Ignite Creative Economy Boom

Nigeria's Minister of Art, Culture, and Creative Economy, Hannatu Musawa, announced the launch of the $617 million Investment in Digital and Creative Enterprises (IDICE) Fund, a collaborative effort with the African Development Bank (AfDB).

February 3, 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 315

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

Naira Weakens At Parallel Market, Appreciates To N1,419/$1 At Official Window

Forex Backlog: $2.4bn Linked To Non-existing Entities, Says CBN Gov, Exposes Phantom Transactions

$2.4bn Of The $7bn Inherited Were Linked to Non-existing Entities- CBN Gov Exposes Forex Phantom Transactions

AUD/USD Faces Downside Pressure As Strong US Jobs Data Shifts Market Expectations

NAFEM: How Dollar Supply Rose By 180% As Banks Sell $440m

NGX: Equity Market Earns Weekly 1trn Gain

NNPCL Targets Q1 2024 For Completion Of Warri Refinery Rehabilitation

Importers, Clearing Agents Groan As Nigerian Govt Raises Cargo Clearance Exchange Rate To N1,356/$1

NGX: Market Equities Gain N898bn As ASI Appreciates By 1.57%

Nigerian Govt, AfDB Unveils $617m IDICE Fund To Ignite Creative Economy Boom

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

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Business - Page 315

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