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Business - Page 342

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

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

Business·Markets·News

Nigerian Equity Market Thrives Amidst Political Shifts, Economic Reforms In 2023

The Nigerian equity market has defied historical trends, maintaining a bullish trajectory throughout 2023 despite the backdrop of political uncertainties stemming from the general elections. Tunde Amolegbe, Managing Director of Arthur Stevens Asset Management Limited, emphasized this break from convention, stating, “For

December 26, 2023

Business·Finance & Economy·News

Emefiele: CBN Investigator Summons Lemo Over Alleged Irregular Union Bank Acquisition

In a turn of events, the Office of the Special Investigator, led by Jim Obazee, has summoned Babatunde Lemo, the Chairman of Titan Trust Bank (TTB), regarding the acquisition of Union Bank of Nigeria Plc. The investigation stems from allegations of irregularities

December 26, 2023

Business·News·Transport

Yuletide: Travelers Benefiting 50% Discount On Inter-state Transport Fare – Nigerian Govt

In response to President Bola Tinubu’s gesture to ease the burden of transport costs on Nigerians during the festive season, about 128 travelers were among the beneficiaries of slashed transport fares, experiencing a brighter holiday journey. The initiative, aimed at offering a

December 26, 2023

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Currency·News

Naira Depreciates To N1,233/$ In Parallel Market, Registers Tepid Movement Across Forex Platforms

In the currency exchange market's dynamics, the Naira traded N1,233 against the US dollar at the parallel market on Monday, as affirmed by Bureau de Change (BDC) operators.

December 26, 2023

Business·News

Yuletide: Airlines Should Provide Refreshments For Flight Delays, Cancellation – NCAA

The Nigeria Civil Aviation Authority (NCAA) has directed airlines to make provision of refreshments and alternative measures for affected passengers due to mounting flight delays and cancellations across Nigeria. Michael Achimugu, the Director of Public Affairs and Consumer Protection, conveyed the NCAA‘s

December 25, 2023

Human Rights Group Urges Prosecution Of Umar-Farouk Amid Alleged N37 Billion Ministry Fraud

Business·News·Politics

Human Rights Group Seeks Prosecution Of Umar-Farouk Amid Alleged N37bn Ministry Fraud

In response to alleged financial malfeasance within the Ministry of Humanitarian Affairs, Disaster Management, and Social Development, the Human Rights Writers Association of Nigeria (HURIWA) has demanded prompt justice and accountability for the alleged misappropriation of N37 billion. Expressing dismay over the

December 25, 2023

Business·News

Nigerian Newspaper To Cost N500 As Publishers Raise Cover Prices From January

Four years after the last increment was implemented, the Newspaper Proprietors’ Association of Nigeria (NPAN) yesterday approved an increase in the cover prices of newspapers in the country. In a statement titled: “Changes in Newspaper Cover Prices”, signed by its Executive Secretary,

December 25, 2023

NGX stock market. Photo credit: TheCable

Business·Markets·News

Firms Surge By N463bn In Santa Claus Rally, Propelling NGX’s Market Cap

In the midst of the ongoing ‘Santa Claus’ rally, the heavyweight stocks known as SWOOTs—companies with a market capitalization exceeding one trillion naira—have showcased an upsurge, marking a collective gain of N463bn in just a week on the Nigerian Exchange Limited (NGX). “This

December 25, 2023

NNPC: Oil Production To Increase To 1.7mbpd Amid Infrastructure Challenges

Business·News·Oil & Gas

Nigeria Faces N289.6bn Oil Revenue Dip In November; Minister Stresses Production Goals, OPEC Commitment

In a disclosure by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigeria experienced a significant setback in crude oil production, leading to a loss of about N289.6 billion in revenue for November 2023. This loss followed a decline in oil output compared to

December 25, 2023

Buhari Approved Naira Redesign, Investigator Appointed By Tinubu Pursuing Satanic Agenda - Emefiele Responds

Business·News

Buhari Approved Naira Redesign, Investigator Appointed By Tinubu Seeking Satanic Agenda – Emefiele Responds

Embattled former Central Bank Governor, Godwin Emefiele has reacted to claims contained in the widely-circulating report of the Special Investigator that probed his tenure at the CBN. He dismissed allegations contained therein as false, misleading and meant to assassinate his character while

December 24, 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 342

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

Nigerian Equity Market Thrives Amidst Political Shifts, Economic Reforms In 2023

Emefiele: CBN Investigator Summons Lemo Over Alleged Irregular Union Bank Acquisition

Yuletide: Travelers Benefiting 50% Discount On Inter-state Transport Fare – Nigerian Govt

Naira Depreciates To N1,233/$ In Parallel Market, Registers Tepid Movement Across Forex Platforms

Yuletide: Airlines Should Provide Refreshments For Flight Delays, Cancellation – NCAA

Nigerian Newspaper To Cost N500 As Publishers Raise Cover Prices From January

Firms Surge By N463bn In Santa Claus Rally, Propelling NGX’s Market Cap

Nigeria Faces N289.6bn Oil Revenue Dip In November; Minister Stresses Production Goals, OPEC Commitment

Buhari Approved Naira Redesign, Investigator Appointed By Tinubu Seeking Satanic Agenda – Emefiele Responds

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Business - Page 342

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