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Business - Page 47

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·Oil & Gas

Oil, Gas Suppliers Kick Against Dangote’s Direct Supply To End Users

Plans by Dangote refinery to begin direct supply of petroleum products to end users have been met with opposition by Natural Oil & Gas Suppliers Association of Nigeria (NOGASA). The group said the move, which would lead to bypassing the existing distribution

July 21, 2025

Business·Power

GenCos Reject Band A Electricity Tariff Slash To N160/kwh In Enugu

Power Generation companies have responded to the declaration of tariff slash for Band A customers in Enugu State, saying it is unsustainable. The GenCos strongly opposed the order issued by the Enugu Electricity Regulatory Commission, stating that it was based on an

July 21, 2025

Business·Top Stories

Indian Investors Udani Family Lose N7.59bn In Nigerian Stock Market

The Udani family, Indian investors and majority shareholders of MeCure Industries, have lost N7.59 billion in the Nigerian stock market between January 2 and July 18, according to Prime Business Africa’s analysis. Comprising three family members, Samir Udani, with 1.09 billion shares

July 21, 2025

Business·Top Stories

MeCure’s Debt Burden Reduces Profit To N812m

In the first quarter (Q1) of 2025, MeCure Industries generated N13.29 billion, compared to the N8.07 billion turnover recorded in the corresponding period in 2024, representing an increase of 64.53 percent. According to the company’s Q1 financial report for the period ended

July 21, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 21st July 2025

What is the dollar-to-naira exchange rate on the black market, like the Aboki Fx? The exchange rate for the US dollar (USD) to Nigerian naira (NGN) in the parallel market, also known as black market, as of 21st July 2025, is N1,535

July 21, 2025

Business·Power

Enugu Electricity Regulatory Commission Reduces Band A Tariff From N209 To N160/Kwh

With effect from August 1, 2025, the Enugu State Electricity Regulatory Commission (EERC) has revised the Band A electricity tariff from N209/per kilowatt hour (kWh) to N160 per kWh. This new tariff was issued to MainPower Electricity Distribution Limited, the utility firm that

July 21, 2025

Business·News

Energy, Exchange Rate, Transportation Top Three Drivers Of Inflation In Nigeria – CBN Survey

A recent Central Bank of Nigeria’s (CBN) survey has revealed that respondents identified energy, exchange rate and transportation costs as the top three drivers of inflation in the country. The CBN’s Inflation Expectation Survey aggregated the views of businesses and Nigerian households

July 21, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 20th July 2025

July 20, 2025

Business·Oil & Gas

Dangote Refinery To Reintroduce Discount Scheme For Partners

The Dangote Petroleum Refinery has announced plans to reintroduce its suspended N5 per-litre fuel discount scheme for strategic partners, following a temporary halt due to reported infractions by some marketers. The discount scheme was suspended on 13 July 2025, after investigations revealed that some affiliate marketers

July 19, 2025

Business·Currency·Markets

Naira Appreciates Across FX Markets, Ends Week Positive

The Nigerian naira ended the week on a positive note as it recorded appreciation across official and parallel exchange rate market windows on Friday, 18 July 2025. After depreciating in the middle of the week, the naira rebounded on Friday at the

July 19, 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

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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 47

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

Oil, Gas Suppliers Kick Against Dangote’s Direct Supply To End Users

GenCos Reject Band A Electricity Tariff Slash To N160/kwh In Enugu

Indian Investors Udani Family Lose N7.59bn In Nigerian Stock Market

MeCure’s Debt Burden Reduces Profit To N812m

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 21st July 2025

Enugu Electricity Regulatory Commission Reduces Band A Tariff From N209 To N160/Kwh

Energy, Exchange Rate, Transportation Top Three Drivers Of Inflation In Nigeria – CBN Survey

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 20th July 2025

Dangote Refinery To Reintroduce Discount Scheme For Partners

Naira Appreciates Across FX Markets, Ends Week Positive

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Business - Page 47

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