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Business - Page 339

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

Nigeria’s Treasury Bills Surpass N6.6trn In 2023 Amid Economic Headwinds

Issuance of the final Nigerian Treasury Bills for 2023 has enabled the Federal Government to raise N6.658 trillion this year, marking a notable 40.4% increase from 2022. “This surge in Treasury Bill earnings amidst heightened inflation is puzzling,” remarked a banking expert,

December 29, 2023

Business·Currency

Naira To Sustain Depreciation In 2024 – Analysis Reveals

A grim forecast by Bloomberg L.P. has surfaced, signaling a continued slump of the Naira throughout 2024.

December 29, 2023

Nigeria's Inflation Rate Hits 33.88% In October Amid Fresh Fuel Price Spike

Business·Finance & Economy

Nigerians Grapple With Soaring Living Costs, Borrow N740bn Amidst Inflation Surge

Nigerians have borrowed approximately N740 billion from banks between January and September this year, according to the Central Bank of Nigeria's quarterly economic reports.

December 29, 2023

Business·News

Nigeria’s Pension Fund Assets Surge To N17.658trn In October 2023

Nigeria’s pension fund assets skyrocketed to N17.658 trillion by the end of October.

December 29, 2023

Business·News

BUA Group Chairman Reaffirms Commitment To Slashing Cement Price To N3,500

Abdul-Samad Rabiu, Chairman of BUA Group, has reiterated the company's pledge to sell cement at N3,500 per bag starting January 2024.

December 29, 2023

Naira Appreciates To N869/$1 As Experts Debate Stability

Business·Currency

Nigerian Naira Plummets To New Low, Hits N1,043.09/$ In Official Market

The Nigerian Naira plunged to a troubling low, closing at N1,043.09 against the dollar, marking a depreciation of 16.35% and signaling deep concerns for the country's economy just days before 2024.

December 29, 2023

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

Business·Markets

NGX Bounces Back: All-Share Index Surge By 0.99% As MTN, Dangote Top Gainers

The All-Share Index surged by 0.99% to hit a historic high of 74,502.58 points, marking an upturn. Market capitalization also saw a notable climb, closing at N40.769 trillion, up from yesterday’s figures. The Nigerian stock market rebounded on Thursday, showcasing resilience after

December 29, 2023

Business·News

How Nigerian Govt Can Generate N10trn From Non-oil Assets Annually – Tax Panel Chair

Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele says Nigeria’s non-oil assets are estimated to be worth between N80 and N100 trillion, but regretted that these assets have not received adequate attention and are being mismanaged. Speaking

December 29, 2023

NGX stock market. Photo credit: TheCable

Business·Markets

Bearish Trends Persist In Post-Christmas Trading As ASI Dip By 0.34%

The first trading day post-Christmas saw the Nigerian Stock Exchange All-Share Index dip by 0.34%, closing at 73,768.64 points, marking a bearish start after the festive break. According to market analysis, the NSE market experienced a decline, shedding N143 billion in market

December 28, 2023

Dangote Refinery Boosts U.S. Jet Fuel Supply As Demand Rises

Business·News·Oil & Gas

Dangote Refinery Moves Closer To Begin Full Operations As It Receives Third Crude Shipments Of 1 Million Barrels

The Dangote Petrochemical Refinery has received its third consignment of one-million-barrel crude oil cargo from Shell International Trading and Shipping Company Limited (STASCO), marking a progression in its quest to commence petroleum refining in Nigeria. “We’re more than ready and you will

December 28, 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 339

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

Nigeria’s Treasury Bills Surpass N6.6trn In 2023 Amid Economic Headwinds

Naira To Sustain Depreciation In 2024 – Analysis Reveals

Nigerians Grapple With Soaring Living Costs, Borrow N740bn Amidst Inflation Surge

Nigeria’s Pension Fund Assets Surge To N17.658trn In October 2023

BUA Group Chairman Reaffirms Commitment To Slashing Cement Price To N3,500

Nigerian Naira Plummets To New Low, Hits N1,043.09/$ In Official Market

NGX Bounces Back: All-Share Index Surge By 0.99% As MTN, Dangote Top Gainers

How Nigerian Govt Can Generate N10trn From Non-oil Assets Annually – Tax Panel Chair

Bearish Trends Persist In Post-Christmas Trading As ASI Dip By 0.34%

Dangote Refinery Moves Closer To Begin Full Operations As It Receives Third Crude Shipments Of 1 Million Barrels

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

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