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Business - Page 54

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·News

CBN Clarifies NRBVN Charges For Nigerians In Diaspora

The Central Bank of Nigeria (CBN) has addressed concerns raised regarding purported hidden charges attached to the newly launched Non-Resident Bank Verification Number (NRBVN) platform. The apex bank affirmed that no hidden fees have been introduced and that the BVN enrolment for Nigerians residing

July 7, 2025

Business·Top Stories

Stock Market Cap Rises By N192bn, Ellah Lakes Tops Gainers, Sunu Leads Losers

After trading on Monday, July 7, the stock market capitalisation closed at N76.53 trillion, up from the N76.33 trillion recorded on Friday, July 4. The N192.84 billion increase was on the back of the 0.25 percent growth in the all-share index, which

July 7, 2025

Business·Top Stories

Nigerian Drug Producer Morison Records N287m Revenue After Spending N209m On Production

In its 2024 financial statements, Morison Industries reported N287.17 million revenue after spending N209.81 million on production during the same year. Compared to the performance of 2023, Morison had recorded N119.94 million as cost of production, while it generated N145.22 million as

July 7, 2025

Business·Top Stories

Investment In Dangote Cement Wasn’t Profitable Compared To Lafarge, BUA In Q2 2025

In the second quarter (Q2) of 2025, the shareholders of Lafarge profited more from their investments in the company than those of BUA Cement and Lafarge Wapco, according to Prime Business Africa’s analysis. At the start of April, analysis showed that Lafarge,

July 7, 2025

Business·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 7th 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 7th July 2025, is N1,565

July 7, 2025

Business·Oil & Gas

NUPRC’s Revenue Rises By 176.7% To ₦12.2trn In 2024

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) recorded a historic high of ₦12.2 trillion revenue in 2024. This represents a 176.7 percent surge compared to ₦4.3 trillion recorded in 2023. The 2024 performance report released by NUPRC revealed that it recorded ₦3.7 trillion

July 6, 2025

Business

Nigerian Banks Resume Int’l Transactions On Naira Debit Cards

Nigerian banks have resumed international transactions on naira-denominated debit cards after a nearly three-year suspension due to foreign exchange pressures. This marks a significant development in banking operations, especially for clients who depend on foreign payments. In separate messages to their clients,

July 5, 2025

Business·Currency·Markets

Naira Depreciates Against Dollar, Ending The Week On Negative Note

After ending last month and beginning the week on a positive note, the Nigerian naira depreciated against the US dollar at the foreign exchange market on Friday, 4 July 2025. The naira closed at N1,528.56 per dollar at the official market, according

July 5, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 5th July 2025

July 5, 2025

Business·Oil & Gas

NUPRC Opens Up On Failure Of Oil Producers To Supply Crude To Dangote Refinery

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) addressed the ongoing controversy between oil producers and the Dangote Refinery over crude oil supply, highlighting regulatory challenges, and the broader implications for Nigeria’s energy sector. The Commission shared its challenges in trying to mandate

July 4, 2025

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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 54

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

CBN Clarifies NRBVN Charges For Nigerians In Diaspora

Stock Market Cap Rises By N192bn, Ellah Lakes Tops Gainers, Sunu Leads Losers

Nigerian Drug Producer Morison Records N287m Revenue After Spending N209m On Production

Investment In Dangote Cement Wasn’t Profitable Compared To Lafarge, BUA In Q2 2025

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 7th July 2025

NUPRC’s Revenue Rises By 176.7% To ₦12.2trn In 2024

Nigerian Banks Resume Int’l Transactions On Naira Debit Cards

Naira Depreciates Against Dollar, Ending The Week On Negative Note

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 5th July 2025

NUPRC Opens Up On Failure Of Oil Producers To Supply Crude To Dangote Refinery

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