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Business - Page 336

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

Obvious Scam: Everything You Need To Know About Allegations Against Mmobuosi's Tingo Group

Business·News

Ex-CEO Of Tingo Companies Charged In Multimillion-dollar Securities Scheme Fraud Targeting U.S. Markets

In a development, U.S. Attorney Damian Williams and FBI Assistant Director James Smith disclosed an indictment against Odogwu Banye Mmobuosi, also known as “Dozy Mmobuosi,” the founder and former CEO of Tingo Companies, accusing him of orchestrating securities fraud scheme. Williams said:

January 3, 2024

Manufacturers Association of Nigeria (MAN) has welcomed the six months waiver of Value-added Tax (VAT) on diesel granted by the Federal Government.

Business

Nigerian Manufacturers Foresee Challenging Start To 2024, Seek Govt Intervention On Forex Backlog

The Manufacturers Association of Nigeria (MAN) has painted a cautious outlook for 2024, projecting a tough initial six months for the industry.

January 3, 2024

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Currency

Nigerian Naira Depreciates To N988/$ Despite $2.25bn Injection In Forex Market

The Nigerian naira spiraled downwards by 8.97% against the dollar, closing at N988.46/$1 despite a $2.25 billion infusion from Afreximbank.

January 3, 2024

10 Nigerian States With Highest Food Inflation In June 2025

Agro-Economy·Business

Nigeria, Other West African Countries To Endure Soaring Food Prices In 2024 – Report

A looming crisis in West Africa's food security emerges as experts predict a distressing surge in staple food prices across the region in 2024.

January 3, 2024

Looking At The USA Through The Lens Of Joe Biden

Business·News·World News

U.S. Election Year Economics: 2024 Market Outlook, Potential Scenarios Unveiled By Octa

As 2024 unfolds, geopolitical tensions and the Fed’s actions loom large, influencing the global financial landscape. Octa’s analysis projects two divergent paths for the market amid intricate economic intricacies and geopolitical uncertainties. Baseline Scenario: Optimism Amidst Caution In this positive outlook, macroeconomic

January 3, 2024

Business·News

How FDI Triple Asset Disposal In Nigeria, Divestment Hits $200m In Q3 2023

In a move that raises concerns about Nigeria’s investment environment, foreign direct investors have amplified their asset disposals, reaching an astounding $200 million in the third quarter of 2023, as outlined in the Central Bank of Nigeria’s economic report. “This notable rise

January 3, 2024

NGX stock market. Photo credit: TheCable

Business·Markets·News

Market Surge Propels Dangote Sugar, FCMB, UBA, Others As ASI Hits Record 77,000 Mark

The Nigerian stock market witnessed an electrifying surge, pushing the NGX All-Share Index to a historic high of 77,537.57 points, marking a 2.04% increase in a single trading session. Following yesterday’s crossing of the 75,000 milestone, this ascent saw equities gain N847

January 3, 2024

How Strong Competitive Market Will Stabilise Fuel Price In Nigeria

Business·Oil & Gas

NNPC, Marketers Bicker On Fuel Subsidy Payment As Naira Depreciation Deepens

Further depreciation of naira while the pump price of Premium Motor Spirit (PMS) popularly called petrol sells between N617 and N650 have resurrected contentious debates between independent petroleum marketers and the Nigerian National Petroleum Company Limited NNPC

January 3, 2024

Capital Importation: Banking Sector Records Highest Inflow In Q3 2024

Business

Nigeria’s Foreign Reserves Dip By $77.23m Amid FX Crisis

In the ongoing battle to stabilize Nigeria's foreign reserves, figures from the Central Bank of Nigeria revealed a decline of about $77.23 million

January 3, 2024

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

Business·Markets

FBNH, GTCO, FCMB Join NGX Banking Index As Market Caps Gain Over N13trn In 2023

Banking stocks such as FBN Holdings, Guaranty Trust Holding Company Plc, FCMB Group, and Stanbic IBTC Holdings Plc have been incorporated into the Banking Index of NGX

January 3, 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 336

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

Ex-CEO Of Tingo Companies Charged In Multimillion-dollar Securities Scheme Fraud Targeting U.S. Markets

Nigerian Manufacturers Foresee Challenging Start To 2024, Seek Govt Intervention On Forex Backlog

Nigerian Naira Depreciates To N988/$ Despite $2.25bn Injection In Forex Market

Nigeria, Other West African Countries To Endure Soaring Food Prices In 2024 – Report

U.S. Election Year Economics: 2024 Market Outlook, Potential Scenarios Unveiled By Octa

How FDI Triple Asset Disposal In Nigeria, Divestment Hits $200m In Q3 2023

Market Surge Propels Dangote Sugar, FCMB, UBA, Others As ASI Hits Record 77,000 Mark

NNPC, Marketers Bicker On Fuel Subsidy Payment As Naira Depreciation Deepens

Nigeria’s Foreign Reserves Dip By $77.23m Amid FX Crisis

FBNH, GTCO, FCMB Join NGX Banking Index As Market Caps Gain Over N13trn In 2023

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Shari’ah Council Flags Alleged Alterations in Gazetted Tax Reform Laws, Demands Urgent National Assembly Review

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

Oworonshoki Demolitions: Residents Appeal to Gov. Sanwo-Olu as Homeowners Sacked

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Business - Page 336

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