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Business - Page 576

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

Five Blue-chip Stocks That Beat Nigeria’s 2022 Inflation Rate

Business·Insights·Markets

5 Blue-chip Stocks That Beat Nigeria’s 2022 Inflation Rate

In 2022, Nigeria experienced historic inflation, with the rate closing in November at 21.47 per cent, the highest level in 17 years. Within 11 months, inflation soared by 37.6 per cent, having posted a 15.6 per cent rate in January 2022. This

January 11, 2023

How Loss Of Over $5 Trillion In U.S. Stock Exchange Affects Nigeria

Business·Markets

Honeywell, Champion, Other Firms’ Investors Lose N134.25 billion, As Nigerian Bourse Crashes

The Nigerian Stock Exchange reported that the market capitalisation lost N134.25 billion on Tuesday, sending the bourse’s value down to N28.02 trillion from the previous day’s N28.15 trillion. Similarly, the All Share Index closed down at 51,446.6 ASI after losing 246.48 basis points from

January 10, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Forex Supply Falls In Official Market, As Dollar Trades At N461.67, Pound Rises

The supply of foreign exchange (forex) fell by 40.3 per cent in the official market on Monday, as the exchange rate stabilises in the window backed by the Central Bank of Nigeria (CBN). During trading on January 10, Prime Business Africa leant

January 10, 2023

AMA News·Business

Catalyst Fund announces $2 million investment into 10 startups accelerating Africa’s adaptation and resilience to climate change

NAIROBI, Kenya, 10 January 2023 -/African Media Agency(AMA)/- Today pre-seed venture capital (VC) fund and accelerator Catalyst Fund announced a $2 million investment into 10 startups building solutions to improve the resilience of climate-vulnerable communities in Africa. This is the inaugural cohort of the new $30M

January 10, 2023

Business·News·Sports

Chelsea Set To Sign Atletico Madrid Star, Joao Felix, On €11 Million Loan Deal

Joao Felix's move to Chelsea could be wrapped up on Tuesday evening as the Atletico Madrid forward has arrived London in the last few minutes to undergo medical tests and sign a loan deal until the end of the season

January 10, 2023

AMA News·Business

SAP, PwC partnership driving digital transformation & cloud success in West Africa

LAGOS, Nigeria, 10 January 2023 -/African Media Agency(AMA)/- With more businesses in West Africa adopting cloud technologies than ever before, the region is set to enhance its competitiveness significantly. Following years of disruption, and hampered by a lack of legacy investment into technology, West

January 10, 2023

UBA Limits Daily Withdrawal Of New Naira Notes, As Scarcity Hit Banks

Business

UBA Limits Daily Withdrawal Of New Naira Notes, As Scarcity Hits Banks

Nigerian banks are rationing the new naira notes, struggling to increase circulation, as the deadline to phase out the old legal tender nears. Prime Business Africa reported that the Central Bank of Nigeria (CBN) redesigned the naira notes in the fourth quarter

January 10, 2023

Business·Technology

Foreign Investors Give Two Nigerian Youths, Ikenna Nzewi, Uzoma Ayogu $3.3 million

Two Nigerian youths, Ikenna Nzewi and Uzoma Ayogu, the co-founders of Releaf, secured $3.3 million from foreign and domestic investors to fund their operation. Both Nzewi and Ayogu created Releaf, a technology company, to help food manufacturers reduce expenses and increase earnings

January 10, 2023

Business·Oil & Gas

NNPC Sells Fuel At Loss, Performing Magic – Oil Minister Sylva

The Minister of State for Petroleum Resources, Timipre Sylva, has disclosed that the Nigerian National Petroleum Company (NNPC) Limited sells petrol at a loss. Sylva’s claim follows nationwide criticism of President Muhammadu Buhari’s subsidy regime that has gulped trillions of naira as

January 10, 2023

Business·Markets

Investors Earn N256.3 billion, As Stock Market Cap Rises To N28.15 trillion

Investors closed trading on Monday with an N256.3 billion gain, as the market capitalisation appreciated by 0.9 per cent. This raised the market capitalisation up from N27.89 trillion to N28.15 trillion. Similarly, the All Share Index increased to 51,693.08 ASI, adding 470.74 basis points

January 9, 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 576

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

5 Blue-chip Stocks That Beat Nigeria’s 2022 Inflation Rate

Honeywell, Champion, Other Firms’ Investors Lose N134.25 billion, As Nigerian Bourse Crashes

Forex Supply Falls In Official Market, As Dollar Trades At N461.67, Pound Rises

Catalyst Fund announces $2 million investment into 10 startups accelerating Africa’s adaptation and resilience to climate change

Chelsea Set To Sign Atletico Madrid Star, Joao Felix, On €11 Million Loan Deal

SAP, PwC partnership driving digital transformation & cloud success in West Africa

UBA Limits Daily Withdrawal Of New Naira Notes, As Scarcity Hits Banks

Foreign Investors Give Two Nigerian Youths, Ikenna Nzewi, Uzoma Ayogu $3.3 million

NNPC Sells Fuel At Loss, Performing Magic – Oil Minister Sylva

Investors Earn N256.3 billion, As Stock Market Cap Rises To N28.15 trillion

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