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Business - Page 324

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

Business·Entertainment

Sony Calls Off $10 Billion Merger With Zee Entertainment Amidst Controversies

Sony Group Corporation has officially terminated its plan to merge its TV and streaming businesses in India with the popular Zee Entertainment Enterprises Limited (ZEEL). The announcement came on Monday, as Sony stated that the merger failed to close by the specified

January 22, 2024

1.78mpd Oil Output Project Can Be Achieved – NNPCL

Business·News

NNPCL To Pay Taxes, Royalties Through $3.3bn Crude Oil Loan

In a development, the Nigerian National Petroleum Company Limited (NNPCL) unveiled its plan to prepay future royalties and taxes, totaling $3.3 billion, to the Federal Government from a financing deal secured with the African Export-Import Bank last year. Breaking the news on

January 22, 2024

Business·News

Heirs Energies Marks 3 Years With Production Surge, Improved Community Empowerment

Heirs Energies, Africa’s leading indigenous energy company, celebrated its third anniversary, showcasing remarkable achievements.

January 22, 2024

Business

Telecom Industry Grapples With Soaring Diesel Prices As Costs Surge By 34.57%

Nigeria’s telecommunications sector faced a 34.57% surge in powering costs, reaching N429.43 billion in 2023, as diesel prices experienced an increase. The ripple effect of economic challenges, geopolitical crises, and global oil market dynamics has intensified the struggle for telecom companies. Telecom

January 21, 2024

Why Internet Connectivity Is Poor In Nigeria

Business·Technology

Internet Access Reduces Extreme Poverty In Nigeria, Tanzania By 7% – W’Bank Report

World Bank’s latest brief, “Digital transformation drives development in Africa,” has revealed the transformative impact of improved internet access over three years, leading to a 7% decline in extreme poverty in Nigeria and Tanzania. The report explained, that this digital shift has

January 21, 2024

Nigeria Reaffirms OPEC Commitment Amid Angola's Exit, Aims To Exceed Production Targets

Business·Oil & Gas

Lokpobiri Affirms Commitment To $1.9trn Energy Transition Despite Global Fossil Fuel Divestment Pressure

Senator Heineken Lokpobiri, Minister of State for Petroleum Resources (oil) in Nigeria, asserted that despite global pressure to abandon fossil fuel investments, Nigeria remains committed to utilizing revenues from its hydrocarbons to fund a $1.9 trillion energy transition plan. Lokpobiri in an

January 21, 2024

Business·Oil & Gas

NNPC Defends $3.3bn Oil Loan Aims To Bolster FX Reserves Amid Mixed Reactions

The Nigerian National Petroleum Company Limited (NNPCL) has justified its controversial $3.3 billion oil pre-payment loan, dubbed 'Project Gazelle'.

January 21, 2024

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

Business·Markets

NGX Surges To Record Weekly High With 13.8% Gain, Crossing N51trn Market Cap Milestone

Nigerian Exchange Group (NGX) witnessed an unprecedented surge in its All-Share Index (ASI), closing the week with a staggering 13.8% gain—the highest weekly increase in recent memory.

January 21, 2024

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Currency

Naira Depreciates To N902/$1 As Forex Turnover Drops 17.36% To $145.89m

Naira faced a 0.04% depreciation, closing at N902.45 to a dollar in the official market, as reported by the Nigeria Autonomous Foreign Exchange Market (NAFEM).

January 21, 2024

Business·Oil & Gas

14 Fossil Fuel Giants’ $346.713bn Windfall Profit Calls For Global Climate Action

A report by ActionAid has revealed that 14 fossil fuel companies experienced profit windfalls of $346.713bn in just 24 months.

January 21, 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 324

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

Sony Calls Off $10 Billion Merger With Zee Entertainment Amidst Controversies

NNPCL To Pay Taxes, Royalties Through $3.3bn Crude Oil Loan

Heirs Energies Marks 3 Years With Production Surge, Improved Community Empowerment

Telecom Industry Grapples With Soaring Diesel Prices As Costs Surge By 34.57%

Internet Access Reduces Extreme Poverty In Nigeria, Tanzania By 7% – W’Bank Report

Lokpobiri Affirms Commitment To $1.9trn Energy Transition Despite Global Fossil Fuel Divestment Pressure

NNPC Defends $3.3bn Oil Loan Aims To Bolster FX Reserves Amid Mixed Reactions

NGX Surges To Record Weekly High With 13.8% Gain, Crossing N51trn Market Cap Milestone

Naira Depreciates To N902/$1 As Forex Turnover Drops 17.36% To $145.89m

14 Fossil Fuel Giants’ $346.713bn Windfall Profit Calls For Global Climate Action

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

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

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