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Business - Page 581

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·Sports

Ronaldo Joins Saudi Arabian Super-rich Club, Al Nassr

Former Manchester United, Real.Madrid and Juventus forward Cristiano Ronaldo on Friday evening joined Saudi Arabian side Al-Nassr on a two-year deal.

December 30, 2022

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Business·Markets

Caverton Leads Gainers’ List, Royal Exchange Tops Losers’, As Market Cap Gains N518.01bn

The market capitalisation of the Nigerian stock exchange grew to N27.91 trillion on Friday, from N27.39 trillion recorded on Thursday, after rising by 1.8 per cent, representing N518.01 billion gain. It rose on the back of the All Share Index, which rose

December 30, 2022

Business·News

Wema Bank Boss Adebise Retires, New MD Appointed

Wema Bank PLC has announced retirement of its Managing Director/CEO, Ademola Adebise, with effect from 31 March 2023. The bank’s management board has also appointed Moruf Oseni, current Deputy Managing Director to replace Adebise as Managing Director/CEO. This was confirmed in a

December 30, 2022

Amid Lawsuit, FG Removes 5% Excise Duty On Calls, Data

Business·Insights

4 Nigerian Network Providers With Highest Subscriber Growth 2022

The number of active subscribers for telephony services or voice calls in Nigeria grew by 11.86 per cent year-on-year to 214.35 million at the end of October 2022. Prime Business Africa’s industry analysis showed that the number increased by 22.73 million within

December 30, 2022

Business

GTBank Blocks Customers From Using Naira Mastercard For International Transactions

Customers of Guaranty Trust Bank (GTBank) have been blocked from conducting international transactions on the naira Mastercard. The financial institution revealed this in an email sent to account holders titled, ‘Important Update on Your Naira Card for International Spending.’ Guaranty Trust Bank

December 30, 2022

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Currency

Dollar Rate Drops In Black Market, Rises To N461 In CBN-Backed Channel

The dollar rate in the official market increased on Thursday by 0.07 per cent as traders reduced the volume of transactions by 27.48 per cent. On December 29, foreign exchange trading record obtained from FMDQ Securities showed that the exchange rate between

December 30, 2022

Business·News·Top Stories

EFCC Auctions 61 Apartments, Plots In 11 States – How To Bid

At least 61 apartments are up for grabs in EFCC auctions of early January 2023 in 11 states. The Economic and Financial Crimes Commission, EFCC, has listed the requirements needed to successfully participate in the auction of properties across the country which

December 30, 2022

Business

Elon Musk Joins Network Operator To Offer Smartphone Service Under Water, Remote Areas

Come 2023, smartphone users will be able to use their mobile service under the water, thanks to the partnership between satellite firm, SpaceX, and network operator, T-Mobile. Both SpaceX, the parent firm of internet operator, Starlink, and T-Mobile, are partnering to utilise

December 30, 2022

Business·Entertainment·Insights

Cinema Hits N137 Million In 3 Days

The Nigerian Cinema Industry generated N136.53 million within three days, as Nigerians thronged the big screen to watch blockbuster movies during the Christmas weekend. Between Friday, December 23 to Sunday, December 25, about 59,349 people visited Silverbird Cinemas, Ozone, Genesis Cinemas, FilmHouse

December 29, 2022

Oilfield Sale: Setback for Sahara Energy, As Reps Accuse Firm, FG Of Illicit $250 million Deal

Business·Oil & Gas

Lawmakers Accuse Sahara Energy, Buhari Govt Of $250 million Illicit Oil Deal

The House of Representatives has accused Sahara Energy Limited and the Federal Government of illicit deal relating to the auction of the Oil Mining Licence (OML) 11. According to the lower chamber, the Oil Mining Licence (OML) 11 received a bid of

December 29, 2022

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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 581

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

Ronaldo Joins Saudi Arabian Super-rich Club, Al Nassr

Caverton Leads Gainers’ List, Royal Exchange Tops Losers’, As Market Cap Gains N518.01bn

Wema Bank Boss Adebise Retires, New MD Appointed

4 Nigerian Network Providers With Highest Subscriber Growth 2022

GTBank Blocks Customers From Using Naira Mastercard For International Transactions

Dollar Rate Drops In Black Market, Rises To N461 In CBN-Backed Channel

EFCC Auctions 61 Apartments, Plots In 11 States – How To Bid

Elon Musk Joins Network Operator To Offer Smartphone Service Under Water, Remote Areas

Cinema Hits N137 Million In 3 Days

Lawmakers Accuse Sahara Energy, Buhari Govt Of $250 million Illicit Oil Deal

Featured Stories

Shari’ah Council Flags Alleged Alterations in Gazetted Tax Reform Laws, Demands Urgent National Assembly Review

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

Oworonshoki Demolitions: Residents Appeal to Gov. Sanwo-Olu as Homeowners Sacked

A Mentor’s Legacy: How Former FRSC Marshal Osita Chidoka Shaped a Generation of Public‑Sector Leaders

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

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SEC Orders Full Registration of Tradable Instruments by January 2026

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