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Business - Page 331

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·News·Oil & Gas

NNPCL Records Over N2trn Profit Amid Battle Against Oil Theft

Nigerian National Petroleum Company Limited (NNPCL) announced its historic profit of N2.548tn in 2022, marking its peak since establishment.

January 10, 2024

Business·Finance & Economy·News

World Bank Predicts Return Of Nigeria’s Per Capita Income To Pre-pandemic Level By 2025

The World Bank’s latest Global Economic Prospects report paints a hopeful picture for Nigeria’s economic resurgence, forecasting a return to pre-pandemic per capita income levels by 2025. Speaking on the country’s prospects, World Bank analysts emphasized the gradual positive impact of the

January 10, 2024

Business·News·Transport

Aviation Unions Urge Tinubu To Scrap 40% Revenue Remittance, Citing Safety Concerns

Aviation unions, including the National Union of Air Transport Employees and the Air Transport Services Senior Staff Association of Nigeria, have jointly appealed to President Bola Tinubu to reconsider the 40% Internal Generated Revenue (IGR) remittance imposed on aviation agencies.

January 10, 2024

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

Business·News·Oil & Gas

Dangote Refinery To Receive Fresh 4 Crude Oil Cargoes From NNPC In February

There are indications that the Dangote refinery is to receive a fresh supply of four crude oil cargoes from the Nigerian National Petroleum Company Limited (NNPCL) in February

January 10, 2024

Business·Startup

Why Foreign Investments In Nigerian Startups Dropped By 65%

Foreign investments in Nigerian startups dropped by 65.83 percent in 2023, marking a decline from $1.2 billion in 2022 to $410 million. This considerable drop not only reshaped Nigeria’s standing but also resulted in the country conceding its top position in the

January 10, 2024

Business·News

How Exit Of 15 Multinationals From Nigeria In 3 years Affects Economy – NECA

The Nigeria Employers’ Consultative Association (NECA) has raised the alarm over the departure of 15 major multinationals in the last three years, warning about the severe repercussions on the country’s economy. In an interview, Adewale Oyerinde, NECA’s Director-General, highlighted the far-reaching effects,

January 10, 2024

Business·Markets·News

NGX: Access Holdings, FBNH Join UBA In N1trn Market Cap Club

Access Holdings Plc and the First Bank of Nigeria Holdings on Tuesday, made waves on the Nigerian Exchange Limited, catapulting into the exclusive N1 trillion market capitalization territory. Reflecting on this, an executive from AccessCorp said: “This achievement underscores our dedication to

January 10, 2024

Business·News

Betta Edu: Tinubu Summons Interior Minister Amidst N438m Contract Scandal

President Bola Tinubu has taken decisive action, summoning Interior Minister Olubunmi Tunji-Ojo over his alleged implication in the contentious N438 million contract scandal involving suspended Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu. According to a report, the President’s summoning of

January 9, 2024

NGX stock market. Photo credit: TheCable

Business·Markets·News

FBNH, Cadbury, Others Top Gainers As NGX Records Highest Single-day Gain Since June

The Nigerian Stock Exchange (NGX) experienced a surge, not seen since June 2023, catapulting the All-Share Index by 3.57%. This surge, propelling it to 83,191.84 points, represents a remarkable milestone amid the ongoing 2024 market boom. This surge in the All-Share Index, gaining

January 9, 2024

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

Business·Currency·News

Naira Dips To N1,245/$1 In Unofficial Market Amid CBN’s Effort

In a twist of currency dynamics, the naira faces a tale of two markets as its value fluctuates to N1,230/$1 and N1,245/$1, driven by unofficial P2P and physical black markets despite Nigeria’s apex bank interventions. Despite efforts by the Central Bank of Nigeria

January 9, 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 331

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

NNPCL Records Over N2trn Profit Amid Battle Against Oil Theft

World Bank Predicts Return Of Nigeria’s Per Capita Income To Pre-pandemic Level By 2025

Aviation Unions Urge Tinubu To Scrap 40% Revenue Remittance, Citing Safety Concerns

Dangote Refinery To Receive Fresh 4 Crude Oil Cargoes From NNPC In February

Why Foreign Investments In Nigerian Startups Dropped By 65%

How Exit Of 15 Multinationals From Nigeria In 3 years Affects Economy – NECA

NGX: Access Holdings, FBNH Join UBA In N1trn Market Cap Club

Betta Edu: Tinubu Summons Interior Minister Amidst N438m Contract Scandal

FBNH, Cadbury, Others Top Gainers As NGX Records Highest Single-day Gain Since June

Naira Dips To N1,245/$1 In Unofficial Market Amid CBN’s Effort

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Business - Page 331

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