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Business - Page 316

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

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

Business·Currency·News

CBN Denies Plans To Convert $30bn Domiciliary Deposits To Naira

The Central Bank of Nigeria (CBN) has denied planning to convert $30 billion deposits in domiciliary accounts in the country to naira. A report in one of the media outlets on Saturday quoted a source as saying that the government plans to

February 3, 2024

CBN Directs IMTOs To Use I&E Window Rate To Convert Diaspora Remittances

Business·Currency

Why CBN Fixed $1m As Capital Requirements For International Money Transfer Operators

Central Bank of Nigeria (CBN) has set the bar high for International Money Transfer Operators (IMTOs) with a fixed minimum share capital requirement of $1 million.

February 3, 2024

First Transshipment Vessel Arrives Lekki Port

Business

Lekki Port Now Strategic Hub As Nigeria-China Trade Hits $22bn

Yan Yuqing, the Consul General of China in Nigeria, announced that bilateral trade between the two nations reached $22.6 billion in 2023. Speaking at the arrival ceremony of the CMA CGM Scandola, the largest container vessel to dock at a Nigerian port,

February 3, 2024

Business·Transport

Quest For National Carrier: ‘Why Keyamo Should Not Toe The Path Of Sirika’

Former commandant of the Murtala Mohammed International Airport, Lagos, Group Captain John Ojikutu, has called on the Minister of Aviation and Aerospace Development to withdraw the idea of floating a new national carrier

February 3, 2024

Business·News

NDIC, EFCC Seek Probe Of N3.6bn Fraud Linked To Ex-NDDC Director’s Bank Failures

The Economic and Financial Crimes Commission (EFCC) is joining forces with the Nigeria Deposit Insurance Corporation (NDIC) to investigate and prosecute individuals responsible for potential bank failures stemming from financial misconduct. The focus of this collaborative effort is the high-profile case involving

February 2, 2024

Maintaining Healthy Diet For Nigerians Surge From N703 To N786- NBS Reveals

Business·News

Cost Of Maintaining Healthy Diet In Nigeria Surges To N786 – NBS

The National Bureau of Statistics (NBS) disclosed yesterday that the average cost of maintaining a healthy diet for Nigerian adults has surged from N703 in October to N786 in December 2023. The announcement came during the unveiling of the “Cost of a

February 2, 2024

Business·News

Economic Turmoil Unleashed As EFCC Targets Forex Traders Amidst Chaos, Confusion

In a turn of events, the Economic and Financial Crimes Commission (EFCC) launched a crackdown on Bureau de Change (BDC) operators, sending shockwaves through the financial markets. The operation aimed to apprehend both sellers and buyers of forex, raising questions about the

February 2, 2024

Business·Transport

More Calls For Air Peace To Be Designated A Flag Carrier As Airline Increases Routes

As Air Peace, the largest carrier in Sub-Saharan Africa, continues to grow its fleet size and expand routes both locally and internationally, more calls have been made for it to be designated a national flag carrier.

February 2, 2024

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

Business·Finance & Economy·News

How Currency In Circulation Surged By N890bn In 3 Months Under Cardoso

Nigeria has witnessed a surge in currency in circulation (CIC), with an increase of N890 billion within the short span of three months under the leadership of Governor Cardoso at the Central Bank of Nigeria (CBN). The latest money and credit statistics

February 2, 2024

Nigeria’s Economic Woes Worsen As Investments From US, UK Wane

Business

Nigeria’s PMI Rises To 54.4% In January Despite Surging Inflation

In a twist for Nigeria's economic landscape, the latest statistics reveal a commendable 2.54% GDP growth rate in Q3 2023.

February 2, 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 316

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

CBN Denies Plans To Convert $30bn Domiciliary Deposits To Naira

Why CBN Fixed $1m As Capital Requirements For International Money Transfer Operators

Lekki Port Now Strategic Hub As Nigeria-China Trade Hits $22bn

Quest For National Carrier: ‘Why Keyamo Should Not Toe The Path Of Sirika’

NDIC, EFCC Seek Probe Of N3.6bn Fraud Linked To Ex-NDDC Director’s Bank Failures

Cost Of Maintaining Healthy Diet In Nigeria Surges To N786 – NBS

Economic Turmoil Unleashed As EFCC Targets Forex Traders Amidst Chaos, Confusion

More Calls For Air Peace To Be Designated A Flag Carrier As Airline Increases Routes

How Currency In Circulation Surged By N890bn In 3 Months Under Cardoso

Nigeria’s PMI Rises To 54.4% In January Despite Surging Inflation

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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 316

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