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Business - Page 567

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·Markets

Stock Investors Lose N51.78 billion Due To Low Demand For Guinness, Access Corp, Others

The equity capitalisation fell to N28.68 trillion on Friday, 27 January 2023, from the N28.73 trillion it closed at on Thursday, 26 January 2023. This means the market capitalisation of the Nigerian bourse depreciated by 0.18 per cent or N51.78 billion. The

January 27, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency·Insights

How Nigerian Youths, Traders Strengthen Dollar Against Naira, Prospects For 2023

The Naira suffered heavy depreciation against the United States Dollar (USD) in 2022 in the official channel and the Bureau De Change-controlled Black market. Despite some notable policies by the Central Bank of Nigeria (CBN) to strengthen the Naira’s chances against the

January 27, 2023

Call CBN to arrest POS agents selling naira notes

Business

PoS Operators Ejected From Residential Areas In Abuja, Excluded From CBN’s Swap Project

Point of sale (PoS) operators have been ejected from the residential environment in Abuja by the Federal Capital Territory Administration (FCTA). The coordinator of the Abuja Metropolitan Management Council (AMMC), Umar Shuaibu, said the PoS operators were asked to relocate to commercial

January 27, 2023

Business

Jumia, Chicken Republic Reject Old Naira Notes

African e-commerce platform, Jumia, has also announced that the company will start rejecting old naira notes, days after Chicken Republic made the same decision. Companies are beginning to notify their customers as the Central Bank of Nigeria (CBN) insisted that the deadline

January 27, 2023

Business·Opinion·Technology·Top Stories

How Ready Is PR & Marketing For Google’s New VPS?

Besides being more advanced than GPS, Google’s new innovative Visual Positioning System (VPS) has also been described as the future of advertising. With this new technology, Google Maps can make use of the user’s phone camera to spot your surroundings and visually

January 27, 2023

Nigeria Week Ahead: CBN Rate Decision, Inflation & Oil in Focus

Business·Oil & Gas

Norwegian Oil Firm To Reduce Business In Nigeria, Sell $3.5 billion Oilfield Stake

Investment bank, Standard Chartered, has been hired by Norwegian energy firm, Equinor, to sell its stake in the offshore Agbami oilfield. Equinor opted to sell the stake due to a reduction in production output from the Agbami oilfield, according to a report by

January 27, 2023

Business·Markets

Stock Market Investors Gain N83.50 billion, As Demand For Geregu, Wapic, Others Grow

The market capitalisation closed at N28.73 trillion on Thursday, 26 January 2023, after the Nigerian bourse rose by 0.29 per cent or N83.50 billion from N28.64 trillion. The growth was driven by the 153.31 basis points gained by the All-Share Index which appreciated from

January 26, 2023

Naira Opens Week With Gain Across FX Markets

Business·Currency

Naira Gains Against Dollar On Back Of Increased Interest Rate

Following the increase in Nigeria’s interest rate by the Central Bank of Nigeria (CBN), the exchange rate between the naira and dollar depreciated on Wednesday, 26 January 2023. According to the data from the FMDQ Exchange, the naira appreciated against the United

January 26, 2023

Business

Femi Gbajabiamila Threatens CBN’s Emefiele With Arrest For Disrespecting Him, Others

The Speaker of the House of Representatives, Femi Gbajabiamila, has threatened to arrest the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, for disrespecting the lawmakers. Nigeria’s lower chamber had summoned Emefiele and top directors of the central bank to

January 26, 2023

CBN Places Service Restriction On PoS Agents Across Nigeria

Business

Emefiele Plans To Stop Dollar Charges On Domestic Transactions

The Central Bank of Nigeria (CBN) has disclosed that domestic transactions on foreign cards will no longer be charged in dollars. CBN Governor, Godwin Emefiele, made this known during a virtual launch of the Nigerian National Domestic Card Scheme, AfriGo, on Thursday.

January 26, 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 567

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

Stock Investors Lose N51.78 billion Due To Low Demand For Guinness, Access Corp, Others

How Nigerian Youths, Traders Strengthen Dollar Against Naira, Prospects For 2023

PoS Operators Ejected From Residential Areas In Abuja, Excluded From CBN’s Swap Project

Jumia, Chicken Republic Reject Old Naira Notes

How Ready Is PR & Marketing For Google’s New VPS?

Norwegian Oil Firm To Reduce Business In Nigeria, Sell $3.5 billion Oilfield Stake

Stock Market Investors Gain N83.50 billion, As Demand For Geregu, Wapic, Others Grow

Naira Gains Against Dollar On Back Of Increased Interest Rate

Femi Gbajabiamila Threatens CBN’s Emefiele With Arrest For Disrespecting Him, Others

Emefiele Plans To Stop Dollar Charges On Domestic Transactions

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