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Business - Page 568

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

Cash In Circulation Up By N701.4 billion, Emefiele's CBN Loses Control Again

Business·Currency

Pure Water Sellers, Chicken Republic Announce Dates To Stop Accepting Old Naira Notes

Small and medium businesses have began to reject old naira notes, as the deadline for the banknotes to become illegal nears. Prime Business Africa had reported that the Central Bank of Nigeria (CBN) announced that 31 January 2023 will be the deadline

January 26, 2023

Business

Wealth Of India’s Richest Man, Gautam Adani, Drops Amid Fraud Allegations

India’s richest man, Gautam Adani, has lost 5.17 per cent of his estimated wealth amid fraud and stock manipulation allegations by activist investing company, Hindenburg Research. Adani’s company, Adani Group, was accused of stock manipulation and accounting fraud for decades and amassing

January 25, 2023

Business·News·Sports

UEFA Sets Five-year Limit On Player Contracts

UEFA, Chelsea, European football governing body, UEFA, will change its Financial Fair Play rules in response to Chelsea’s recent trend of signing players on long-term contracts. Several European clubs have reportedly made complaints about the transfer dealings of the west London club.

January 25, 2023

Business·Markets

Stock Market: RT Briscoe Tops Gainers’ List, Thomas Wyatt, Others Report Loss

Stock Market: Nigerian bourse’s market valuation dropped to N28.64 trillion on Wednesday, declining by -0.02 per cent or N7.02 billion from N28.65 trillion reported on Tuesday. In the same vein, the All-Share Index depreciated to 52,599.65 ASI, losing 12.9 basis points from the

January 25, 2023

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business·Currency

Black Market’s Dollar Rate Now N288 Higher Than CBN-backed Official Rate

The exchange rate between the naira and the dollar sold at an average of N750/$1 on Wednesday, 25 January 2023, in the black market. In the black market, operated by the Bureau De Change operators, the naira appreciated by 0.40 per cent, in

January 25, 2023

Eight Controversial Decisions By Godwin Emefiele As CBN Governor

Business

So Much Fuss About CBN’s N23 trillion Loan To Buhari Govt – Emefiele

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, says the apex bank’s N23 trillion loan to President Muhammadu Buhari administration for cushioning the impact of Nigeria’s dwindling revenue should not be blown out of proportion. According to Emefiele on Tuesday,

January 25, 2023

FG To Share $800 million Among 50 million Nigerians After Removal Of Fuel Subsidy

Business·Oil & Gas

Oil Minister Buhari Sets Up Petrol Committee As Litre Price Nears N300

President Muhammadu Buhari, who also doubles as Minister of Petroleum Resources, has created a 14-man Steering Committee on Petroleum Products Supply and Distribution management. Buhari instituted the committee to probe and resolve the current scarcity of Premium Motor Spirit (PMS), according to

January 25, 2023

Nigeria's Treasury Bills Surpass N6.6trn In 2023 Amid Economic Headwinds

Business

New Naira: Sterling Bank Contravenes CBN Directive, Zenith Bank, Others Find Way To Avoid Sanction

Nigerian banks are in a dilemma due to the threat by the Central Bank of Nigeria (CBN) to sanction banks still dispensing old naira notes. The financial regulator had warned that any bank caught dispensing old naira notes will be fined N1

January 24, 2023

NGX: Investors Gain N313bn As ASI Rebound By 0.70%

Business·Markets

Nigerian Breweries, NGX Group, Others Cost Stock Market Investors N24.58 billion

Nigeria’s stock market capitalisation slumped to N28.65 trillion from N28.68 trillion on Tuesday, 24 January 2023, after shedding N24.58 billion to low demands in Nigerian Breweries, NGX Group, and others. The loss was reflected in the All-Share Index which depreciated to 52,612.55 ASI after

January 24, 2023

Business·News

Union Bank Gets SME Financier Of The Year Award

Union Bank of Nigeria has bagged SME Financier of the Year award in Nigeria. The award was presented to the bank by Business Day at a Small and Medium-sized Enterprises (SMEs) Conference hosted recently by the media organisation. The award presented at

January 24, 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 568

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

Pure Water Sellers, Chicken Republic Announce Dates To Stop Accepting Old Naira Notes

Wealth Of India’s Richest Man, Gautam Adani, Drops Amid Fraud Allegations

UEFA Sets Five-year Limit On Player Contracts

Stock Market: RT Briscoe Tops Gainers’ List, Thomas Wyatt, Others Report Loss

Black Market’s Dollar Rate Now N288 Higher Than CBN-backed Official Rate

So Much Fuss About CBN’s N23 trillion Loan To Buhari Govt – Emefiele

Oil Minister Buhari Sets Up Petrol Committee As Litre Price Nears N300

New Naira: Sterling Bank Contravenes CBN Directive, Zenith Bank, Others Find Way To Avoid Sanction

Nigerian Breweries, NGX Group, Others Cost Stock Market Investors N24.58 billion

Union Bank Gets SME Financier Of The Year Award

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

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