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Business - Page 39

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·Top Stories

Sovereign Trust Insurance’s Revenue Rises To N34bn, Profit Increases By 44%

Between January and June 2025, Sovereign Trust Insurance recorded N34.07 billion turnover, up by 45 percent compared to the N23.56 billion generated in the first half (H1) of 2024. Sovereign Trust Insurance announced the growth in revenue in its unaudited consolidated financial

August 6, 2025

Business

NIIRA 2025 Will Boost Policyholders’ Confidence In Insurance Industry – Expert

Managing Director, Cowry Asset Management, Mr Johnson Chukwu, has commended the Nigerian government for enacting the new insurance law, saying it has key provisions that will address the problems limiting the growth of the insurance industry in the country. President Bola Tinubu

August 6, 2025

Business·Markets

Naira Falls Across Forex Markets

The Nigerian naira recorded depreciation across foreign exchange market windows on Tuesday, 5 August 2025. This is the first time the local currency has fallen in the foreign exchange market this week. The naira started the week on a positive note, exchanging

August 5, 2025

Business·News

I lost $898m To Naira Devaluation, Oil, Stock Market Dips — Femi Otedola

Nigerian billionaire businessman Femi Otedola has revealed how naira devaluation, drop in oil prices and stock market made him lose about $898 million in 2009. Otedola, who is the current chairman of First Bank Nigeria Holdings and Geregu Power Plc, said he lost

August 5, 2025

Business·Top Stories

Neimeth, BUA Cement, Others Add N458.41bn To Nigerian Stock Market Cap

Over N458.41 billion was added to the Nigerian Exchange Limited (NGX) market capitalisation on Tuesday, August 5, as it moved to N91.60 trillion from N91.14 trillion reported on Monday, August 4. NGX added that the all-share index (ASI) appreciated from 144,071.78 ASI

August 5, 2025

Africa·Business

Shoprite To Exit Ghana, Malawi Amid Retreat From African Markets

South African retail giant Shoprite Holdings has announced its decision to exit both Ghana and Malawi, marking another step in its ongoing retreat from several African markets as it refocuses operations on its core South African business. The company, Africa’s largest food

August 5, 2025

Business·Oil & Gas

Dangote Refinery Fuel Distribution: Expert Urges Fair Competition To Protect Marketers

As Dangote refinery finalises plans to begin direct distribution of petroleum products to end-users, oil and gas expert, Olabode Sowunmi, has called on regulatory authorities in the downstream sector to ensure fair competition to protect marketers. Sowunmi made the call while commenting

August 5, 2025

Business·Top Stories

Olakunle Alake Increases Stake In Dangote Cement After Acquiring N1.02bn Shares

The non-executive director of Dangote Cement, Olakunle Alake, has marginally increased his stake in the company after purchasing two million shares on July 31. Alake paid N1.02 billion to purchase two million shares of Dangote Cement to increase his shareholding in the

August 5, 2025

Business

MTN Nigeria Data Revenue Rises By 69.2% To N1.23trn In H1 2025

MTN Nigeria Plc’s data revenue increased by 69.2 percent to N1.23 trillion in the first half of 2025, up from N727.33 billion in 2024. This, according to analysts, is driven by a recent tariff hike, active user base growth, and increased data

August 5, 2025

Business·Top Stories

Consolidated Hallmark Holdings Profit Drops From N7.52bn To N1.15bn In H1 2025

Consolidated Hallmark Holdings (CHI) Plc has released its interim consolidated audited financial statements for the first half (H1) of 2025, disclosing that the company recorded N22.92 billion in insurance revenue. CHI reported that its insurance revenue grew from N12.78 billion turnover recorded

August 5, 2025

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The dollar traded at N1,487.01/$1 in the parallel market on

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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 39

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

Sovereign Trust Insurance’s Revenue Rises To N34bn, Profit Increases By 44%

NIIRA 2025 Will Boost Policyholders’ Confidence In Insurance Industry – Expert

Naira Falls Across Forex Markets

I lost $898m To Naira Devaluation, Oil, Stock Market Dips — Femi Otedola

Neimeth, BUA Cement, Others Add N458.41bn To Nigerian Stock Market Cap

Shoprite To Exit Ghana, Malawi Amid Retreat From African Markets

Dangote Refinery Fuel Distribution: Expert Urges Fair Competition To Protect Marketers

Olakunle Alake Increases Stake In Dangote Cement After Acquiring N1.02bn Shares

MTN Nigeria Data Revenue Rises By 69.2% To N1.23trn In H1 2025

Consolidated Hallmark Holdings Profit Drops From N7.52bn To N1.15bn In H1 2025

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

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Business - Page 39

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