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Business - Page 349

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

Just In: Gov Sanwo-Olu Presents N2.246trn Budget

Business·Finance & Economy·News

Lagos Govt Urges Unified Action For Strong Real Estate Rules To Avert Disasters

Lagos State Governor Babajide Sanwo-Olu has emphasized the urgent need for unified measures within the housing sector to avert potential disasters. Sanwo-Olu made this call while speaking at the Real Estate Market Place Conference and Exhibitions in Lagos. He stressed the importance

December 18, 2023

NGX stock market. Photo credit: TheCable

Business·Markets·News

NGX Sees Bullish Run, Gaining N464 Billion Despite Friday Sell-offs

In a week marked by four consecutive bullish trading sessions, investors in the Nigerian Exchange witnessed a gain of N464 billion. The market showcased a positive sentiment that prevailed until Thursday, propelling a notable N501 billion increment for investors. Despite this impressive

December 18, 2023

Business·News

Retirees Press For Fair Treatment Under Contributory Pension Scheme

Retirees enrolled in Nigeria’s Contributory Pension Scheme (CPS) have intensified their call for equitable treatment, demanding the implementation of minimum pensions and addressing long-standing grievances. The Contributory Pensioners Union of Nigeria, represented by its President, Matthew Shittu, emphasized these concerns in a

December 18, 2023

Business·News

Pension Assets Surge To N17.66tn; Worker Contributions Drive Substantial Growth

The contributory pension scheme has witnessed a remarkable surge to N17.66 trillion in total assets by the end of October 2023, as revealed by the National Pension Commission (PenCom) in its latest report. This increase reflects a significant financial boost to the retirement

December 18, 2023

Nigerian Govt Spends ₦380bn On Electricity Subsidy In Q2 2024 — NERC

Business·Power

Power Generation Capacity Dropped By 4.02% As Nigerian Govt Incurred N204bn Electricity Subsidy In Q3 2023 – NERC

Available power generation capacity dropped by 4.02 percent (76.47 megawatts MW) from 4,387.91MW recorded in Q2 2023 to 4,211.44MW in the third quarter (Q3) 2023, according to Nigerian Electricity Regulatory Commission (NERC).

December 18, 2023

5 Reasons Nigeria's Crude Oil Production is Declining – And What Next

Business·News·Oil & Gas·World News

Global Crude Oil Demand Slips In Q4 2023, Forecasts Signal Deceleration Into 2024

The International Energy Agency (IEA) revealed a downward shift in the global crude oil demand for the fourth quarter of 2023, marking a significant decrease from projections. The agency anticipates a slip to 101.7 million barrels per day, highlighting a noticeable slowdown

December 17, 2023

Africa·Business·News

Eni Affirms Italy’s Commitment To Invest In Africa For Energy

Claudio Descalzi, the CEO of Eni, emphasized Italy’s intent to invest in Africa in energy and migration management. Speaking during a political event in Rome. Descalzi underlined Italy’s need to steer energy flow from south to north, stating, “Italy is ready to

December 17, 2023

Business·News

EFCC Urges Legislation On Unexplained Wealth To Curb Treasury Looting

Ola Olukoyede, Chairman of EFCC, emphasized the need for Nigeria to enact legislation against unexplained wealth. Olukoyede at an International Law Conference underscored the global impact of addressing unexplained wealth, citing jurisdictions worldwide that have adopted measures such as Unexplained Wealth Orders

December 17, 2023

Business·News

Federal Cash Transfer Scheme Fails To Reach 99.9% Of Targeted Vulnerable Households- World Bank

Data unveiled during the Nigeria Development Update (NDU) presented a stark reality: despite the Federal Government’s pledge to support low-income households with a monthly cash transfer of N25,000, a mere 0.1% of the targeted beneficiaries have received payments. In a presentation by

December 17, 2023

Business·News·World News

Red Sea Shipping Giants Suspend Trade Routes Amid Houthi Threats

In an unprecedented move, major shipping companies halted Red Sea shipments after Houthi attacks. The suspension was triggered by the attacks on vessels by Yemeni Houthi rebels, prompting A.P. Moller-Maersk and Hapag-Lloyd to temporarily cease operations in the region. Two cargo ships

December 17, 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 349

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

Lagos Govt Urges Unified Action For Strong Real Estate Rules To Avert Disasters

NGX Sees Bullish Run, Gaining N464 Billion Despite Friday Sell-offs

Retirees Press For Fair Treatment Under Contributory Pension Scheme

Pension Assets Surge To N17.66tn; Worker Contributions Drive Substantial Growth

Power Generation Capacity Dropped By 4.02% As Nigerian Govt Incurred N204bn Electricity Subsidy In Q3 2023 – NERC

Global Crude Oil Demand Slips In Q4 2023, Forecasts Signal Deceleration Into 2024

Eni Affirms Italy’s Commitment To Invest In Africa For Energy

EFCC Urges Legislation On Unexplained Wealth To Curb Treasury Looting

Federal Cash Transfer Scheme Fails To Reach 99.9% Of Targeted Vulnerable Households- World Bank

Red Sea Shipping Giants Suspend Trade Routes Amid Houthi Threats

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

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Forged Laws Allegation Deepens Nigeria’s Governance Crisis – Obi

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