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Business - Page 317

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

$500m World Bank Loan: LCCI Highlights How Nigeria Can Reduce External Borrowing

Business·News

Nigeria’s Forex Crisis Rooted In Weak Industrial Capacity – LCCI

Gabriel Idahosa, President of the Lagos Chamber of Commerce and Industry, revealed that Nigeria’s prolonged foreign exchange crisis stems from its feeble industrial capacity. Idahosa emphasized the absence of a determined will to embark on an industrial revolution capable of revitalizing the

February 2, 2024

How Nigeria Can Curb High Airfares On International Routes

Business·Transport

International Airfares Soar By 55% Amid Naira Depreciation

Amid a 55% depreciation of the Nigerian Naira against the US dollar, international airfares have skyrocketed, leaving travelers grappling with exorbitant costs for essential trips. The abrupt shift in the official exchange rate, propelled by a recalibration by the FMDQ Exchange, has

February 2, 2024

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Finance & Economy

Naira Depreciation: ‘CBN’s New Measure Will Ease Forex Pressure’

Economic analysts have expressed optimism that the latest policy measures issued by the Central Bank of Nigeria will have a positive impact on the foreign exchange market and the economy in general.

February 1, 2024

Official Market Records Decline In Dollar Rate, Trade Flat In Black Market

Business·Currency·News

Naira Rallies Back, Now N1450/$1 At Black Market As CBN Takes Action

In a turn of events, the exchange rate between the Nigerian naira and the US dollar has reached an unprecedented low, trading at around N1450/$1 on the black market, marking a 37.6% depreciation in just one month. The volatility persists despite the

February 1, 2024

Africa·Business·News

Italy Pledges $6bn To Support Africa’s Infrastructure, Job Creation, Agriculture, Others

The government of Italy has committed nearly US$6 billion (€5.5 billion) to support African development, unveiling a plan aimed at fostering economic links and creating an energy hub for Europe. The announcement was made during a one-day Italy-Africa summit in Rome, attended

February 1, 2024

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

Business·Markets

NGX: GTCO, CHAMS, Others Lead Gainers As ASI Bounces Back With 1.63% Gain

NGX witnessed a bullish resurgence today, marking a departure from the bearish trend earlier in the week. Banking stocks took the lead in this spirited rally, propelling the All-Share Index to a 1.63% gain, closing at 102,802.25 points from the previous day's

February 1, 2024

AMA News·Business

FBS Analysts Warn of Bitcoin Downturn Ahead

JOHANNESBURG, South Africa, 1 February 2024 -/African Media Agency(AMA)/- FBS analysts project a looming downturn for Bitcoin as the market players await the upcoming Federal Reserve’s key rate cut in 2024. This tendency signals the rising probability of the BTCUSD’s closing bullish trend, as

February 1, 2024

Why Port Harcourt refinery can’t work this December as promised - Ex-NNPC chief

Business·Oil & Gas

Concerns As Port Harcourt Refinery Test-run Lingers Amid Further Naira Depreciation

The are concerns over the delayed launch of refined products from the Port Harcourt Refining Company.

February 1, 2024

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

Business·News

CBN Orders Banks To Sell Excess Dollars In 24hrs

The Central Bank of Nigeria (CBN) has issued a circular instructing Deposit Money Banks to sell off excess dollar stocks by February 1, 2024. The directive comes as part of a broader effort to curb the growing trend of commercial banks holding

February 1, 2024

FBN Holding Appoints Otedola As Chairman Days After Return To Forbes African Billionaires

Business·News

FBN Holding Appoints Otedola As Board Chairman Days After Return To Forbes African Billionaires

The First Bank of Nigeria Holdings has appointed Femi Otedola, a Nigerian billionaire, as the new Chairman of its board of directors. The announcement comes on the heels of Otedola’s triumphant return to the Forbes African Billionaires list after a seven-year hiatus,

January 31, 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 317

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

Nigeria’s Forex Crisis Rooted In Weak Industrial Capacity – LCCI

International Airfares Soar By 55% Amid Naira Depreciation

Naira Depreciation: ‘CBN’s New Measure Will Ease Forex Pressure’

Naira Rallies Back, Now N1450/$1 At Black Market As CBN Takes Action

Italy Pledges $6bn To Support Africa’s Infrastructure, Job Creation, Agriculture, Others

NGX: GTCO, CHAMS, Others Lead Gainers As ASI Bounces Back With 1.63% Gain

FBS Analysts Warn of Bitcoin Downturn Ahead

Concerns As Port Harcourt Refinery Test-run Lingers Amid Further Naira Depreciation

CBN Orders Banks To Sell Excess Dollars In 24hrs

FBN Holding Appoints Otedola As Board Chairman Days After Return To Forbes African Billionaires

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Business - Page 317

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