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Business - Page 329

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·Markets

Nigerian Stock Market Sprints Into 2024 With Robust Double-Digit Gains, Marking Bullish Trend

In a compelling start to the year, the Nigerian Exchange Limited has sprinted ahead with year-to-date gains surging to an impressive 11.06%

January 15, 2024

REVEALED: Why UK, EU Countries, Others Reject Food, Drug Exports From Nigeria

Business·News

Nigeria’s Trade Deficit Hits N9.4trn, As Manufactured Goods Imports Surge To N9.9trn In 9 Months

Nigeria grapples with trade deficit of N9.4 trillion in the first nine months of 2023, as manufactured goods imports surged to N9.9 trillion, dwarfing exports at N543 billion. Analysts dissecting the Foreign Trade Statistics reports from the National Bureau of Statistics revealed

January 14, 2024

Nigerian Banks And Ghana’s Sovereign Debt Crisis

Africa·Business

Ghana Secures $5.4bn Debt Restructuring Deal, Paving Way For Economic Revitalization

Ghana has successfully negotiated a $5.4 billion debt restructuring deal with official creditors, including the Paris Club and China.

January 14, 2024

Dangote Refinery: Fueling Nigeria's Economic Resurgence or Monopoly Menace?

Business·FEATURES·Oil & Gas

Dangote Refinery: Will Petrol Price Crash?

In the ever-evolving saga of petrol prices, the Dangote Refinery emerges as a potential game-changer. While the answer to whether prices will crash remains elusive, a closer look at the intricacies reveals a landscape shaped by diverse factors. The Dangote Refinery, situated

January 14, 2024

Afrexim Seeks $3 Billion Loan From Oil Traders To Bolster Nigeria's Naira

Business

Afreximbank Injects $2.25bn Boost To Nigerian Economy, Easing FX Shortage

Afreximbank has disbursed an initial $2.25 billion from the recently approved $3.3 billion crude oil prepayment facility.

January 14, 2024

Business·Oil & Gas

Dangote Refinery Kicks Off Crude Oil Refining, Paving Way For Nigeria’s Energy Independence

In the early hours of Friday, the Dangote Refinery, situated in Lekki, Lagos Nigeria, commenced operations following the successful delivery of six million barrels of crude supply in batches since December 2023. Expressing his enthusiasm, Mr. Aliko Dangote, President of Dangote Group,

January 13, 2024

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Currency

Naira Falls By N15.75, Closes At N890/$1

In a turn of events, the Nigerian naira experienced a notable dip against the dollar on Friday, January 12, 2024, both in official and black market exchange windows. Data from the NAFEM, the official forex platform, revealed a N15.75 depreciation compared to

January 13, 2024

Business·News

Foreign Investors Capitalize On Nigeria’s Manufacturing Potential – Expert

Economic expert and founder of B. Adedipe Associates Limited, Dr Biodun Adedipe has observed that there is a notable manufacturing shift in Nigeria that has attracted foreign investors to the country.

January 13, 2024

Business·Markets

NGX: Investors Gain N313bn As ASI Rebound By 0.70%

The Nigerian Exchange Limited witnessed a bullish resurgence, closing in the green zone on Thursday and earning investors N313 billion.

January 12, 2024

Business

More Multinationals May Exit Nigeria In 2024 – Report

Cardinal Stone's latest report, 'Strategic Resilience: Sailing Through Business Disruptions,' highlights the looming possibility of multinational firms exiting Nigeria's Fast Moving Consumer Goods sector this year if the challenging operating environment persists.

January 12, 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 329

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

Nigerian Stock Market Sprints Into 2024 With Robust Double-Digit Gains, Marking Bullish Trend

Nigeria’s Trade Deficit Hits N9.4trn, As Manufactured Goods Imports Surge To N9.9trn In 9 Months

Ghana Secures $5.4bn Debt Restructuring Deal, Paving Way For Economic Revitalization

Dangote Refinery: Will Petrol Price Crash?

Afreximbank Injects $2.25bn Boost To Nigerian Economy, Easing FX Shortage

Dangote Refinery Kicks Off Crude Oil Refining, Paving Way For Nigeria’s Energy Independence

Naira Falls By N15.75, Closes At N890/$1

Foreign Investors Capitalize On Nigeria’s Manufacturing Potential – Expert

NGX: Investors Gain N313bn As ASI Rebound By 0.70%

More Multinationals May Exit Nigeria In 2024 – Report

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Business - Page 329

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