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Business - Page 338

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

Tinubu Condemns Violence In Rivers, Orders Police To Secure LG Council Secretariats

Business·News

How Tinubu’s Govt borrowed N2.94trn From CBN To Service Domestic Debt In 6 Months

President Bola Tinubu’s administration has raised eyebrows with N2.94 trillion debt procured from the Central Bank of Nigeria (CBN) via Ways and Means Advances between July and December 2023. In a plea to the Senate, President Tinubu underscored the urgent need to

January 1, 2024

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

Business·Currency·News

Exchange Rate Closes Year At Historic Low Of N907/$1 In Official Market

Nigerian Naira closed the year at an unprecedented exchange rate of N907.11 per dollar at the official market, signifying a 26.8% depreciation since June 14th, amid a tumultuous year for Africa's largest economy.

December 31, 2023

Anti-Govt Protest: Lawmakers plead For Patience, Accept 50% Salary Cut

Business·News·Politics

Tinubu Seeks House Of Reps’ Approval For Securitization Of N7.388trn Debit Balance In CRF

President Bola Tinubu has urged the House of Representatives to approve the securitization of the outstanding debit balance of 7.388 trillion Naira in the Consolidated Revenue Fund (CRF). This initiative, outlined in a letter read by Speaker Tajudeen Abbas, aims to address

December 31, 2023

Tinubu Appoints Officials Of NCC, NIGCOMSAT, Others

Business·News

Nigerian Govt Grants 3-year Tax Waiver To 34 Companies Amid Dwindling Revenue

Despite the raging debate over the high amount of revenue lost to waivers granted to corporate entities annually, the Nigerian government approved tax holidays for 34 companies seeking tax incentives and waivers under the Industrial Development Income Tax Act in 2023. Companies

December 30, 2023

Business·News

National Assembly Beats Tinubu’s Timeline On 2024 Budget But Raises Estimates By N1.2trn

In line with President Bola Tinubu’s call on the National Assembly to pass the 2024 budget before the 31st of December to keep up with the January-December budget cycle, the Senate on Saturday passed the 2024 Appropriation Bill, jacking up the sum

December 30, 2023

6 Factors Behind Poor Performance Of Nigeria’s Oil & Gas Stocks This Year

Business·Markets·News

NGX Hits Record High In 2023’s Last Trade, Displays Strong Year-End

On the bustling final trading day of 2023, the Nigerian Exchange Group (NGX) surged to a new high, concluding the year on a resoundingly positive note. The All-Share Index (ASI) witnessed a commendable uptick of 0.36%, culminating at 74,773.77 points, signifying a

December 29, 2023

Equities Market Sees 0.04% Decline To End Trading Week Amid Mixed Investor Sentiment

Business·Entertainment·Markets·News

Nollywood Integration Into Capital Market Key To Boosting Retail Investor Activity, Says NGX CEO

CEO of Nigerian Exchange Limited (NGX), Mr. Temi Popoola, has highlighted the role of Nollywood in galvanizing increased retail investor engagement within the capital market. Popoola stated this during the Closing Gong Ceremony marking the year’s final trading day. Emphasizing its resonance

December 29, 2023

Business·News·Oil & Gas

IPMAN Threatens Operational Suspension In Anambra State Over Unpaid N900 Million Debt

The Independent Petroleum Marketers Association of Nigeria (IPMAN) issued a warning to halt its operations in Anambra State due to the Anambra State Government’s failure to settle a debt amounting to N900 million. Mr. Chinedu Anyaso, Chairman of the IPMAN Enugu Depot Community, voiced

December 29, 2023

Business·News

NBS: Food Prices Surge Nationwide, Prompting Concerns Over Affordability

A report released by the National Bureau of Statistics on Friday revealed that the cost of essential food items has surged across the nation, escalating worries about affordability and accessibility for consumers. The findings, reflective of November 2023 data, underscored startling spikes

December 29, 2023

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

Business·Currency·News

Nigeria’s Foreign Reserves Hit Six-Year Low At $32.87bn As Naira Struggles

Nigeria’s economic landscape faces fresh turmoil as the country’s foreign exchange reserves hit a bleak low, recording $32.87 billion at December’s close, marking a six-year nadir. The data, revealed via the Central Bank of Nigeria’s website, signals a concerning trend, indicating a

December 29, 2023

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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 338

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

How Tinubu’s Govt borrowed N2.94trn From CBN To Service Domestic Debt In 6 Months

Exchange Rate Closes Year At Historic Low Of N907/$1 In Official Market

Tinubu Seeks House Of Reps’ Approval For Securitization Of N7.388trn Debit Balance In CRF

Nigerian Govt Grants 3-year Tax Waiver To 34 Companies Amid Dwindling Revenue

National Assembly Beats Tinubu’s Timeline On 2024 Budget But Raises Estimates By N1.2trn

NGX Hits Record High In 2023’s Last Trade, Displays Strong Year-End

Nollywood Integration Into Capital Market Key To Boosting Retail Investor Activity, Says NGX CEO

IPMAN Threatens Operational Suspension In Anambra State Over Unpaid N900 Million Debt

NBS: Food Prices Surge Nationwide, Prompting Concerns Over Affordability

Nigeria’s Foreign Reserves Hit Six-Year Low At $32.87bn As Naira Struggles

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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

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Business - Page 338

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