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Business - Page 340

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

eNaira Sees Surge In Transaction Volume, Yet Adoption Lags Behind

The Central Bank of Nigeria (CBN) has revealed 284.6% increase in eNaira transaction volume for August 2023, reaching N9.78 billion, as reported in its Monthly Economic Report. Despite this spike, eNaira’s ratio to Currency-In-Circulation (CIC) remains at a modest 0.37%. “eNaira experienced

December 28, 2023

Business·Oil & Gas

Nigeria’s Riverside LNG To Supply Gas To South Africa

Nigeria-based Riverside LNG is engaging in discussions to supply gas to South Africa, marking the potential initiation of the first-ever gas deal between the two nations. Bloomberg reported on Wednesday that the company, led by Chief Executive Officer David Ige, who spearheaded

December 28, 2023

Nigeria’s Oil Production Declines By 33,000 Barrels As OPEC Reports Setback In September

Business·Oil & Gas

OPEC Predicts High Oil Demand In 2024

OPEC outlined roles for economic growth in 2024, expecting a surge in global oil demand by 2.2 million barrels per day (mb/d) year-on-year (y-o-y).

December 28, 2023

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Currency

Naira Gains Against Dollar At N872/$ With Increased Forex Turnover

Nigerian Naira strengthened against the US Dollar, marking a 1.52% gain and closing at N872.59 to a dollar on the first trading day post-Christmas.

December 28, 2023

Business·News

Nigeria’s Competition Watchdog, FCCPC Fines British American Tobacco $110m Over Infringements

The Federal Competition and Consumer Protection Commission (FCCPC) has imposed a $110 million fine on British American Tobacco (BAT) and its affiliate companies over various infringements on the Federal Competition and Consumer Protection Act, National Tobacco Control Act and sundry legal instruments.

December 28, 2023

Business·News·Technology·World News

ChatGPT: The New York Times Sue OpenAI, Microsoft, Alleging Unauthorized Use Of Content In AI Training

The New York Times has taken legal action against tech giants OpenAI and Microsoft, accusing them of leveraging its published content to train their artificial intelligence system, ChatGPT, without proper authorization. The lawsuit, filed in the Federal District Court in Manhattan, asserts

December 27, 2023

Business·News

Emefiele: TGI Group Dismisses Allegations Of Government Involvement In Union Bank Takeover

In a rebuttal, Tropical General Investment Group (TGI) refutes any implication of government funds in the acquisition of Union Bank, asserting full transparency in the process. TGI’s Head of Corporate Communications, Ms. Rafiat Gawat, highlighted, “The alleged documents connecting Titan Trust and

December 27, 2023

Business·Transport

Intercity Bus Travel Costs Surge By 61%, Air fares Record New Hike – NBS

Report released by the National Bureau of Statistics (NBS), reveals that intercity bus travel expenses surged by 61.27% in November compared to the same period last year, hitting an average of N6,206.53 per drop. The report highlighted a 5.45% month-on-month increase from

December 27, 2023

Business·News

World Bank Blames Remittance Diversion On Exchange Rate Woes In Africa

World Bank's latest Migration and Development Brief, titled “Leveraging Diaspora Finances for Private Capital Mobilization,” underscores the adverse impact of fixed exchange rates and capital controls on remittance flows in Sub-Saharan Africa.

December 27, 2023

NGX Suspends Trading In Unity Bank, Guinea Insurance, 6 Other Companies’ Shares

Business

NGX’s 2023 Year-end Review: Banking Sector’s Highs Meet Consumer Goods’ Contrasting Realities

As the curtains draw on 2023, the NGX unfolds a tale of two sectors: banking and consumer goods. The banking sector enjoyed robust growth, heralding record profits

December 27, 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 340

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

eNaira Sees Surge In Transaction Volume, Yet Adoption Lags Behind

Nigeria’s Riverside LNG To Supply Gas To South Africa

OPEC Predicts High Oil Demand In 2024

Naira Gains Against Dollar At N872/$ With Increased Forex Turnover

Nigeria’s Competition Watchdog, FCCPC Fines British American Tobacco $110m Over Infringements

ChatGPT: The New York Times Sue OpenAI, Microsoft, Alleging Unauthorized Use Of Content In AI Training

Emefiele: TGI Group Dismisses Allegations Of Government Involvement In Union Bank Takeover

Intercity Bus Travel Costs Surge By 61%, Air fares Record New Hike – NBS

World Bank Blames Remittance Diversion On Exchange Rate Woes In Africa

NGX’s 2023 Year-end Review: Banking Sector’s Highs Meet Consumer Goods’ Contrasting Realities

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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

A Mentor’s Legacy: How Former FRSC Marshal Osita Chidoka Shaped a Generation of Public‑Sector Leaders

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