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Business - Page 319

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

Burkina Faso, Mali, Niger Withdrawal May Stop $500m Projects, Threaten Regional Security, Job Losses – ECOWAS

Africa·Business

ECOWAS: Burkina Faso, Mali, Niger’s Exit Threatens $277bn Trade

The withdrawal of Burkina Faso, Mali, and Niger Republic from the Economic Community of West African States (ECOWAS) raises concerns about the potential weakening of the economic bloc’s $277.22 billion trade with the world. In a joint statement, military leaders Capt. Ibrahim

January 30, 2024

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Currency

Naira Depreciates To Record Low Of N1,348/$1 At Official Market

The Nigerian naira plummeted to an unprecedented low of N1,348.63 against the dollar on the Nigerian Autonomous Foreign Exchange Market on Monday, marking a 51.21% fall from the previous week’s official rate. The nation’s official exchange rate hasn’t witnessed such a dire

January 30, 2024

Nigeria’s Pension Fund Assets Surge To N17.658trn In October 2023

Business

Nigeria’s Pension Assets Soar To N18.36trn, Fueled By Robust Equity Market, Govt Securities Dominance

Nigeria's Contributory Pension Scheme surged to N18.36 trillion by the close of 2023, marking a notable 22.43% surge from the previous year.

January 30, 2024

NGX: Investors Gain N313bn As ASI Rebound By 0.70%

Business·Markets

NGX: Market Cap To Hit N60trn As Dangote Cement, Sugar, Refinery Surge

The Nigerian Exchange witnessed a surge, propelling its market capitalization to N57.28tn, close to the historic N60tn milestone.

January 30, 2024

Nigerian Stock Market Opens 2024 On A High Note As Investors Gain N666bn

Business·Markets

How Equity Market Gains N4trn as Investors Position For Earning Season

In a surge, the Nigerian Equity market witnessed a gain of N4.3tn as investors strategically positioned themselves for the impending earnings season.

January 29, 2024

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

Business

CBN Disburses $500m To Tackle Forex Backlog

CBN has announced the release of $500 million to address the backlog of verified foreign exchange transactions across various sectors.

January 29, 2024

IMF Sympathises With Victims Of Kenya Anti-tax Protest

Business

IMF Calls For Urgent Tax Reforms As Debt-stricken Nations Face Mounting Challenges

The International Monetary Fund (IMF) has shed light on the concerning fiscal landscape faced by low-income countries, highlighting Nigeria's growing debt burden.

January 28, 2024

Naira Ends Week With N30 Gain In Black Market: Hope For Naira?

Business·Currency

Naira Drops To N900/$1 In Official Market Despite CBN Efforts, Raises Concerns For Economic Stability

The Nigerian naira has plunged to a historic low of N900 against the US dollar in the official market, marking a setback despite relentless efforts by the Central Bank of Nigeria (CBN) to shore up the national currency. It also plummeted to

January 27, 2024

Naira Falls To ₦1,530/$ At Official Market After Public Holiday

Business·Currency

Naira Gains Marginally By 1.02% At Official Market

Nigerian currency the Naira, recorded a marginal gain of 1.02 percent against the US dollar as trading closed N891.90 /$ on Friday, 26th January 2024 at the official market.

January 27, 2024

Business·Markets

GSK Consumer Nigeria Faces Delisting As NGX Suspends Trading

The Nigerian Exchange Limited (NGX) has halted trading on GlaxoSmithKline Consumer Nigeria (GSK) Plc shares, marking a crucial step towards the company's delisting.

January 27, 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 319

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

ECOWAS: Burkina Faso, Mali, Niger’s Exit Threatens $277bn Trade

Naira Depreciates To Record Low Of N1,348/$1 At Official Market

Nigeria’s Pension Assets Soar To N18.36trn, Fueled By Robust Equity Market, Govt Securities Dominance

NGX: Market Cap To Hit N60trn As Dangote Cement, Sugar, Refinery Surge

How Equity Market Gains N4trn as Investors Position For Earning Season

CBN Disburses $500m To Tackle Forex Backlog

IMF Calls For Urgent Tax Reforms As Debt-stricken Nations Face Mounting Challenges

Naira Drops To N900/$1 In Official Market Despite CBN Efforts, Raises Concerns For Economic Stability

Naira Gains Marginally By 1.02% At Official Market

GSK Consumer Nigeria Faces Delisting As NGX Suspends Trading

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Business - Page 319

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