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Business - Page 622

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

Over N97.57bn Lost To Selloffs In UAC Nigeria, Champion Brew

Business·Markets

Nigerian Stock Market Loses Over N30 billion, As May & Baker, Unilever, Others Fall

Market capitalisation of the Nigerian bourse lost N30 billion on Tuesday, from the N26.54 trillion recorded on Monday, dwindling to N26.51 trillion. The loss was reflected in the All-Share Index that fell to 49,161.45 ASI from 49,218.35 ASI, losing 56.9 basis points. At the end of

September 27, 2022

AMA News·Business

Niyel Continues Action Against Vaccine Misinformation by airing “Hello Doc” Podcast on Top Radio Stations

DAKAR, Sénégal, 27 September 2022 -/African Media Agency (AMA)/- Niyel, one of Africa’s top advocacy organizations, is thrilled to be airing its first season of a health and immunization podcast series ‘Hello Doc’ on top radio stations. This series is to disseminate the podcast

September 27, 2022

Business

Mass Resignation At Sheraton’s Capital Hotel, As Indian Owner Takes Over

The board of Capital Hotel Plc resigned from their position after 22 Hospitality Limited acquired a majority stake in the company through private placement. 22 Hospitality Limited acquired 2,090,199,140 Ordinary Shares of 50 kobo each, representing 66.13% of the equity stake in

September 27, 2022

Business·Technology

Confusion, As Twitter’s Parag Agrawal Fails To Appear Before Musk’s Lawyer

On Monday, the Chief Executive Officer of Twitter, Parag Agrawal, was a no show for his deposition, as he cancelled on Elon Musk’s lawyer, Alex Spiro, a partner at Quinn Emanuel Urquhart & Sullivan. Agrawal and Musk were scheduled to be deposed

September 27, 2022

AMA News·Business

KLEVV Unveils CRAS XR5 RGB DDR5 Gaming Memory

Delivering Mesmerizing Performance & Optimal Stability HONG KONG, 27 September 2022 -/African Media Agency(AMA)/- KLEVV, an emerging memory brand introduced by Essencore, is thrilled to unveil its latest extreme performance DDR5 overclocking/gaming memory, the CRAS XR5 RGB memory kit. Tailor-made to synergize well with the

September 27, 2022

Business

Sterling Bank’s New HoldCo Pits Company Against GTCO, Access Holdings

Sterling Bank has established its HoldCo, Sterling Financial Holdings Company Limited, to compete for market share against Guaranty Trust Holding Company, Access Holdings, and other industry rivals. In a statement released on Monday, and obtained from the Nigerian Exchange Limited (NGX), Sterling

September 26, 2022

Business·Insights

How BUA Cement’s Abdulsamad Rabiu, Brother, Kabiru, Lose N109.28 billion In Investment

The founder and Chairman of BUA Cement, Abdulsamad Rabiu, and his brother, Kabiru Isyaku Rabiu, lost a whopping N109,287 billion within five days of trading last week. Both Abdulsamad and Kabiru lost the sum in investment value after shareholders engaged in sell

September 26, 2022

Bank Investors Earn N248.68 billion Amid Naira Scarcity Caused By CBN’s Policy

Business·FEATURES·Insights

Best Performing Tier-1 Nigerian Banks: Zenith Bank Underperforms, UBA Tops List

At the end of the second quarter of 2022, United Bank for Africa (UBA) was the best performing financial institution amongst the tier-1 banks in Nigeria, with Zenith Bank ranking bottom of the list. In an industry analysis of the tier-1 banks,

September 26, 2022

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

Business

Nigerian, US, UK Stock Markets Fall To Soaring Inflation, Higher Interest Rates, Two Others

Investors’ confidence in the stock markets globally is declining in the face of higher interest rates, soaring inflation, impending recession, and falling oil prices. This led to the global stock market’s All-World Index falling for a second straight week, with the latest

September 25, 2022

Business

PenCom Releases Guidelines For New RSA, Mortgage Payment Provision

The National Pension Commission (PenCom) has approved guidelines that help Retirement Savings Account (RSA) holders to access their RSA balance for mortgage payment. PenCom made this known on Friday, stating that Retirement Savings Account holders would have access to 25% of the

September 24, 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 622

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

Nigerian Stock Market Loses Over N30 billion, As May & Baker, Unilever, Others Fall

Niyel Continues Action Against Vaccine Misinformation by airing “Hello Doc” Podcast on Top Radio Stations

Mass Resignation At Sheraton’s Capital Hotel, As Indian Owner Takes Over

Confusion, As Twitter’s Parag Agrawal Fails To Appear Before Musk’s Lawyer

KLEVV Unveils CRAS XR5 RGB DDR5 Gaming Memory

Sterling Bank’s New HoldCo Pits Company Against GTCO, Access Holdings

How BUA Cement’s Abdulsamad Rabiu, Brother, Kabiru, Lose N109.28 billion In Investment

Best Performing Tier-1 Nigerian Banks: Zenith Bank Underperforms, UBA Tops List

Nigerian, US, UK Stock Markets Fall To Soaring Inflation, Higher Interest Rates, Two Others

PenCom Releases Guidelines For New RSA, Mortgage Payment Provision

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

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

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Dollar Trades Flat In Black Market, Appreciates In Official Window

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

SEC Orders Full Registration of Tradable Instruments by January 2026

SCSN Flags Alleged Alterations in Gazetted Tax Reform Laws, Demands Urgent National Assembly Review

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Business - Page 622

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