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Business - Page 348

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·Finance & Economy·News

Nigeria Raises N7.043 Trillion Domestic Borrowing For 2023- DMO

Patience Oniha, Director-General of the Debt Management Office (DMO), revealed Nigeria’s accomplishment in securing N7.043 trillion for domestic borrowing in 2023. Speaking on the sidelines of discussions for the African Debt Managers Initiative Network in Abuja during an interview with CNBC Africa, Oniha

December 18, 2023

NDLEA Destroys Over 300,000 Kilograms Of Drugs In Lagos, Ogun State

Business·News

NDLEA Seizes 7,590 Tons of Drugs Worth N800 Billion In 3years- Marwa

Brig. Gen. Buba Marwa (rtd), Chairman of the National Drug Law Enforcement Agency (NDLEA), emphasized the impact of the agency’s crackdown on drug trafficking and substance abuse as they have seized drugs worth N800 billion This was revealed during a visit to

December 18, 2023

Nigeria's Stock Market Rises As Investors Target Undervalued Shares

Business·Markets·News

Market Closes Steady As Investors Prepare For Year-End, Equities Gains N8.6bn

In a day marked by stability, the NGX edged up marginally by 0.02%, closing at 72,404.91 points, signaling a subdued trading session as the year-end approaches. Investors are winding up their accounts, contributing to a low turnover value and volume. Today’s market

December 18, 2023

Africa's Economic Future: Makinde Emphasizes Crucial Role of Sub-Nationals at Business Forum

Business·News

Court Freezes Oyo Govt’s Bank Accounts Over N3.5bn Debt

In a turn of events, the High Court of the Federal Capital Territory, Abuja issued a decisive order, freezing the accounts of the Oyo State Government across ten commercial banks in Nigeria. This action stems from an outstanding N3.5 billion judgment debt

December 18, 2023

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Currency·News

Naira Inches Up Marginally To N888/$1 In Official Market

The Nigerian Naira showcased a slight but noteworthy gain against the dollar on Monday, 18th December 2023, demonstrating fluctuations in both official and parallel markets. Registering a 0.17% appreciation, the currency closed at N888.35 to a dollar, marking a notable shift from

December 18, 2023

Canada Move To Shutdown TikTok Business Operations

Business·News·World News

1.4m Videos By Nigerian Users Were Removed In Q3 2023- TikTok

TikTok, the popular short video platform, has disclosed the removal of 1.4 million videos by Nigerian users during the third quarter of this year. This revelation comes as part of its latest Community Guidelines Enforcement Report, shedding light on the platform’s ongoing

December 18, 2023

Business·News

2024 Outlook: Rewane Forecasts Drop In Inflation, Appreciation Of Naira To Dollar

The chief executive officer (CEO) of Financial Derivatives Ltd, Bismarck Rewane has projected a drop in Nigeria’s inflation rate by next year, adding that this will trigger a concomitant appreciation in the value of the Naira to the Dollar. Speaking during the

December 18, 2023

$500m World Bank Loan: LCCI Highlights How Nigeria Can Reduce External Borrowing

Business·News·Oil & Gas

LCCI Aligns With World Bank, Urges NNPC Reforms For Economic Stability

In an assertive statement, Dr. Chinyere Almona, Director-General of the Lagos Chamber of Commerce & Industry (LCCI), aligned the Chamber’s stance with the World Bank’s apprehensions regarding the Nigerian National Petroleum Corporation Limited (NNPCL) and other Government-Owned Enterprises (GOEs). She emphasized the

December 18, 2023

Geometric's Aba Power Plant Set For Commissioning Monday February 26

Business·News

Stakeholders Argue Against Ownership Change For Discos, Call for Cost-Reflective Tariffs

Market Participants and Stakeholders Roundtable in Abuja, industry leaders and experts opposed the notion that altering the ownership structure of electricity Distribution Companies (Discos) would rectify Nigeria’s enduring power supply challenges. Addressing the audience during the gathering of over 300 professionals at

December 18, 2023

Business·News

UNIDO Laments As Less Than 30% Of Nigeria Have Access To Water

In a compelling networking session spearheaded by Alga Africa Group’s member, Jos. Hansen, Dr Adekunle Olushile, a National Advisor of Investment and Technology at the United Nations Industrial Development Organisation (UNIDO), emphasized that less than 30% of Nigerians have access to water.

December 18, 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 348

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

Nigeria Raises N7.043 Trillion Domestic Borrowing For 2023- DMO

NDLEA Seizes 7,590 Tons of Drugs Worth N800 Billion In 3years- Marwa

Market Closes Steady As Investors Prepare For Year-End, Equities Gains N8.6bn

Court Freezes Oyo Govt’s Bank Accounts Over N3.5bn Debt

Naira Inches Up Marginally To N888/$1 In Official Market

1.4m Videos By Nigerian Users Were Removed In Q3 2023- TikTok

2024 Outlook: Rewane Forecasts Drop In Inflation, Appreciation Of Naira To Dollar

LCCI Aligns With World Bank, Urges NNPC Reforms For Economic Stability

Stakeholders Argue Against Ownership Change For Discos, Call for Cost-Reflective Tariffs

UNIDO Laments As Less Than 30% Of Nigeria Have Access To Water

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