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Business - Page 345

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

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

Business·Markets

NGX: Market Hits 74,000 Mark As ASI Appreciates By 1.28%

NGX soared past the monumental 74,000 mark, showcasing 1.21% surge in the All-Share Index, closing at 74,289.02 points.

December 22, 2023

Moghalu Lists What Makes Emefiele Most Damaging CBN Governor In History

Business·News

Emefiele, Buhari’s Powerful Aide Risk Fresh Criminal Prosecution Over Naira Redesign Policy

Following the submission of the report of the Special Investigation on Central Bank of Nigeria and Related Entities (Chargeable offences) to President Bola Tinubu this week, former CBN Governor, Godwin Emefiele might be in for fresh criminal charges over the handling of

December 22, 2023

How Nigeria’s External Reserves Rose By 5.6% To $38.8bn In 2024 — CBN

Business·News

Cash Scarcity: CBN Warns Banks, PoS Operators Against Sabotage

Following the recent resurgence of scarcity of naira notes in some parts of the country, the Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) and Point of Sale (POS) Operators to desist from certain actions that could be responsible

December 21, 2023

Amid Struggles To Meet OPEC Oil Production Quota, Nigeria Ranks 22nd In Global Petrol Price Index

Business·News

Africa’s Second-biggest Crude Producer, Angola, Leaves OPEC After 16 Years

Africa’s second-biggest producer of crude oil, Angola, has announced its decision to quit the Organisation of Petroleum Exporting Countries (OPEC).

December 21, 2023

Business·News·Oil & Gas

Oil Theft: Army Discovers 636 Illegal Refining Sites, Seizes 21.7M Litres Of Crude Worth N54bn In 5 Months

In an extensive and relentless operation spanning five months, the Nigerian military has made significant strides against oil theft, unearthing 636 illegal refining sites and intercepting a mammoth 21.7 million litres of crude oil valued at N54 billion. This crackdown is part

December 21, 2023

Business·News

Alleged $6bn Fraud: EFCC Frees Former Power Minister

Olu Agunloye, the former Minister of State for Power, has been granted freedom by the Economic and Financial Crimes Commission (EFCC) merely a week following his initial detention. Dele Oyewale, the spokesperson for EFCC, confirmed Agunloye’s release on Wednesday. Agunloye had been

December 21, 2023

Business·Finance & Economy·News

Nigerian Lawmakers Advocate Adoption Of Chinese Yuan To Safeguard Naira

In a bid to fortify the Nigerian economy against the volatility of the Naira and enhance trade relations, the House of Representatives has pushed for the adoption of the Chinese Yuan as an official foreign exchange reserve currency. This initiative emerged following

December 21, 2023

Business·Markets·News

NGX: Market Cap Surges Above N40trn, ASI Hits 73,000 Points

The Nigerian Exchange Limited witnessed a surge in its market capitalization, crossing the N40 trillion mark by the close of Wednesday's trading session.

December 21, 2023

Lawmakers To Investigate $60 Billion Revenue Loss From Alleged Inflated Cash Calls By NNPC

Business·News·Oil & Gas

Lawmakers To Investigate $60bn Revenue Loss From Alleged Inflated Cash Calls By NNPC

In a move to address revenue loss amounting to over $60 billion, the House of Representatives has pledged to launch an investigation into the Nigerian National Petroleum Company Limited (NNPC) Joint Venture Agreements. The decision, triggered by a motion presented by Chika

December 21, 2023

NGX stock market. Photo credit: TheCable

Business·Markets·News

ASI Appreciate By 1.28% As Equities Gain N508 billion

In a thrilling display of market exuberance, the Nigerian Exchange Group (NGX) witnessed a surge today, with the All-Share Index (ASI) soaring to 73,397.71 points, marking 1.28% increase. The market’s bullish momentum propelled equities, bolstering the total market capitalization to an all-time

December 20, 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 345

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

NGX: Market Hits 74,000 Mark As ASI Appreciates By 1.28%

Emefiele, Buhari’s Powerful Aide Risk Fresh Criminal Prosecution Over Naira Redesign Policy

Cash Scarcity: CBN Warns Banks, PoS Operators Against Sabotage

Africa’s Second-biggest Crude Producer, Angola, Leaves OPEC After 16 Years

Oil Theft: Army Discovers 636 Illegal Refining Sites, Seizes 21.7M Litres Of Crude Worth N54bn In 5 Months

Alleged $6bn Fraud: EFCC Frees Former Power Minister

Nigerian Lawmakers Advocate Adoption Of Chinese Yuan To Safeguard Naira

NGX: Market Cap Surges Above N40trn, ASI Hits 73,000 Points

Lawmakers To Investigate $60bn Revenue Loss From Alleged Inflated Cash Calls By NNPC

ASI Appreciate By 1.28% As Equities Gain N508 billion

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