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Business - Page 640

Airplane Crashes at Owerri Airport – Four Injured, No Fatalities

A Skypower Express Cessna 172, registration 5N‑ASR, crashed during an emergency landing at Sam Mbakwe International Cargo Airport in Owerri, Imo State, on Tuesday night. The aircraft, which had departed Kaduna International Airport bound for Port Harcourt International Airport, declared an in‑flight emergency and diverted

December 17, 2025

No Plan To Phase Out Naira Notes, CBN Debunks

Business·News

Nigerian Government Sees Naira Recovery In 2025

The Nigerian government foresees naira recovery, saying it expects the national currency to recover in the next three years. The naira has experienced unprecedented loss of value against the dollar and other foreign currencies in the last one year, a major weakness

August 19, 2022

Business

Nigeria Spends N18.39 billion On Fuel Subsidy Daily – Finance Minister, Zainab Ahmed

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has disclosed that the Federal Government spent N283 per litre of Premium Motor Spirit (PMS) as fuel subsidy. This means Nigerian government spends N18.397 billion per day on fuel subsidy to keep

August 18, 2022

Business

FG Issues 3-year Forecast For Naira, Dollar Rate As BDC Operators Sell At N680

The Federal Government has projected that the United States currency, dollar, will exchange in naira at a rate of N435.57 next year, as the naira remains weak in the black market. This indicates the devaluation of Nigeria’s currency will continue into 2023,

August 18, 2022

CBN Places Service Restriction On PoS Agents Across Nigeria

Business

Nigeria’s Central Bank Reverses COVID-19 Loan Interest To 9%

The Central Bank of Nigeria (CBN) has reversed the interest rate on intervention loan extended towards small, medium and large scale companies to alleviate COVID-19 impact on their operation. CBN restored the interest rate to 9 percent, having issued the loan on

August 18, 2022

Business

Reps To Probe Ministry of Agriculture Over N18.6bn Spent To Clear Bush, Prepare Land

House of Representatives have summoned some companies to provide answers, as the lawmakers probe the Federal Ministry of Agriculture and Rural Development’s expenses. The lawmakers disclosed that the Federal Ministry of Agriculture and Rural Development’s spent N18.6 billion on bush clearing and

August 18, 2022

Business·World News

$600 million Trapped: Emirates Airlines Warns Nigerian Govt, Plans To End Flight Operations

Emirates Airlines have given Nigerian government a condition to resolve the company’s inability to access its foreign exchange or the firm will end its operation in the country. The Dubai firm’s $85 million foreign currency is trapped in Nigeria, as the Central

August 18, 2022

Buhari Mourns Isaac Sagay, Former Nigeria’s Ambassador To The Holy See

Business

Electricity Workers Snub Buhari’s Minister, Shut Down Nigeria’s Power Plants

Electricity workers have began industrial action in some areas in Nigeria, resulting to the national grid collapsing to 762.30MW, after the workers shutdown some power plant. Prime Business Africa had reported earlier today that the workers under the umbrella of National Union

August 17, 2022

Business·World News

UK Inflation Trails Nigeria’s Rate As Food Prices Worsen Cost Of Living

The Office for National Statistics in the United Kingdom revealed that UK inflation rate hit 10.1% in July, the same month Nigeria recorded 19.64% rate, with food prices rising in both countries. While Nigeria’s inflation rate is the highest in 17 years,

August 17, 2022

Business

Lagos-Abuja Flight Ticket Hits N200,000, As Aviation Fuel Rises To N903

Interstate flight tickets have skyrocketed across Nigeria as Aviation fuel, also known as JET A1, rose to N903. This has forced domestic Airlines to raise their ticket price to meet rising cost of operation. In the first half of 2022, aviation fuel

August 17, 2022

Business

Elon Musk Reveals Why He Might Buy $2.17 billion-worth Manchester United

Amid his struggle to terminate the acquisition of social media company, Twitter, the world’s richest man, Elon Musk, has hinted he would buy Manchester United if he decides to invest in a sport club. Musk said his love for Manchester United, a

August 17, 2022

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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

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

The UK Labour government has expanded its existing sugar tax

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Business - Page 640

Airplane Crashes at Owerri Airport – Four Injured, No Fatalities

Nigerian Government Sees Naira Recovery In 2025

Nigeria Spends N18.39 billion On Fuel Subsidy Daily – Finance Minister, Zainab Ahmed

FG Issues 3-year Forecast For Naira, Dollar Rate As BDC Operators Sell At N680

Nigeria’s Central Bank Reverses COVID-19 Loan Interest To 9%

Reps To Probe Ministry of Agriculture Over N18.6bn Spent To Clear Bush, Prepare Land

$600 million Trapped: Emirates Airlines Warns Nigerian Govt, Plans To End Flight Operations

Electricity Workers Snub Buhari’s Minister, Shut Down Nigeria’s Power Plants

UK Inflation Trails Nigeria’s Rate As Food Prices Worsen Cost Of Living

Lagos-Abuja Flight Ticket Hits N200,000, As Aviation Fuel Rises To N903

Elon Musk Reveals Why He Might Buy $2.17 billion-worth Manchester United

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Airplane Crashes at Owerri Airport – Four Injured, No Fatalities

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