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Business - Page 588

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

Nigeria’s Minimum Wage Now N19,355 – World Bank Says, Reveals Factors Hindering Growth

Business·News

INFLATION: Nigeria’s N30k Minimum Wage Now Worth N19,355 – World Bank

Nigeria’s poverty population has risen by 5 million in 2022, the World Bank’s Chief economist, Alex Sienaert, has revealed, blaming rise in inflation rate which has reduced the value of minimum wage in the country. Prime Business Africa had reported that Nigeria’s

December 16, 2022

Business·Markets

CAP Leads Gainers List, MCNichols Heads Losers’, As Investors Gain N133.43 billion

Nigerian stock exchange appreciated by 0.5 per cent, as the market capitalisation increased to N26.81 trillion on Thursday as investors gain. Thursday’s rise represents N133.43 billion gain in the market capitalisation that closed Wednesday with N26.68 trillion. The All-Share Index followed the

December 15, 2022

Flight Delays Looming As Domestic Airlines Lament Lack Of Counters

Business·News·Top Stories

Flight Delays Loom As Domestic Airlines Lament Lack Of Counters

Airline Operators have expressed worry about deficit infrastructure which causes delay of flights at airports. The operators specifically complain of lack of counters for domestic airlines to check in passengers at the Abuja Airport. This could result in delays and probably cancellation

December 15, 2022

Buhari's 8years in Office: No Better Way To Squander Goodwill

Business

5,000 Entities Owe Buhari Govt N5.2 trillion

The Federal Government is owed N5.2 trillion in debts by over 5,000 companies and individuals who have refused to meet their debt obligations. Director of Special Projects in the Federal Ministry of Finance, Budget and National Planning, Victor Omata, who represented Zainab

December 15, 2022

Producers Of Dulux, Berger Paints Losing Revenue To Inflation, Meyer Suffers N26.79m Loss

Business·Insights

Paint Companies Lose Big Revenue To Inflation

Nigerian paint companies are bleeding cash due to rise in cost of production, as inflation ate into their net profit between January to September 2022. According to Prime Business Africa (PBA) analysis of three major paint manufacturers, CAP Plc, Berger Paints and

December 15, 2022

Business

Nigerians Spend More On Food, As Inflation Hits 21.47% In November

The National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation was 21.47 per cent in November, surpassing the 21.09 per cent reported in October 2022. According to the NBS Consumer Price Index CPI) report, this is 6.07 per cent points higher

December 15, 2022

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

Business·Currency

Dollar Rate Rises As Newly Redesigned Naira Notes Enter Circulation

The foreign exchange (forex) rate between the naira and the United States dollar appreciated in the official and black market on December 14, 2022. Prime Business Africa reports that traders across the channels raised the foreign exchange rate to N450.58/$1 in the

December 15, 2022

Naira Appreciates To N869/$1 As Experts Debate Stability

Business·News·Top Stories

Forex Not Enough For Banks – CBN

There are indications that Nigerian banks will face even tougher times sourcing forex in the coming months, following the latest warning issued by the country‘s banking regulator. Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele asked banks to expect less

December 15, 2022

NDPHC Restores Electricity Supply To Eko, Aba DisCos

Business·News·Power

Stakeholders Want State Of Emergency On Power Sector

Stakeholders in Nigeria’s power sector have advised that the in-coming administration in 2023 should declare State of Emergency on the country’s power sector with a view to solving the lingering crisis of inadequate supply. The call was made at the 13th edition of

December 14, 2022

Reps Investigate Cash Crunch As Economic Hardship Worsens

Business

Senate Speaks Against CBN’s Cash Withdrawal Policy, Sets Acceptable Limit

The Senate has told the Central Bank of Nigeria (CBN) to increase the cash withdrawal threshold it announced last week, as the instructed limit will affect Nigerians. According to some members of the upper chamber, Senator Surajudeen Basiru and Senator Orji Kalu,

December 14, 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 588

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

INFLATION: Nigeria’s N30k Minimum Wage Now Worth N19,355 – World Bank

CAP Leads Gainers List, MCNichols Heads Losers’, As Investors Gain N133.43 billion

Flight Delays Loom As Domestic Airlines Lament Lack Of Counters

5,000 Entities Owe Buhari Govt N5.2 trillion

Paint Companies Lose Big Revenue To Inflation

Nigerians Spend More On Food, As Inflation Hits 21.47% In November

Dollar Rate Rises As Newly Redesigned Naira Notes Enter Circulation

Forex Not Enough For Banks – CBN

Stakeholders Want State Of Emergency On Power Sector

Senate Speaks Against CBN’s Cash Withdrawal Policy, Sets Acceptable Limit

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