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Business - Page 655

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

Dangote Sugar Refinery, NASCON Allied, Dangote Rice To Merge

Business

Aliko Dangote Borrows N187.6 billion Over Refinery Completion Struggles

The founder of Dangote Industries Limited (DIL), Aliko Dangote, has borrowed N187.6 billion from the debt market to fund the firm’s refinery project, as completion continues to drag. Dangote refinery has been struggling to kick off, with the company postponing commencement of

July 21, 2022

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Black Market Dollar To Naira Exchange Rate: Investors Hike Cost Of Dollar, As Emefiele Threatens Buyers

July 20, 2022 Dollar Update: The dollar gained against the naira on Wednesday in the official market of the Investors and Exporters (I&E) window, rising by 0.51% in value, as foreign currency supply drops. After the trading session, the Nigerian currency exchanged

July 21, 2022

Business

NCAA Suspends Dana Airlines’ Operation, Amid Financial Struggle, Flight Incidents

The Nigerian Civil Aviation Authority (NCAA), has suspended Dana Airlines’ operational license after the company’s plane made an emergency landing on Tuesday at the Nnamdi Azikwe international airport in Abuja. Dana Airlines’ flight was conveying 100 passengers when the engine became faulty.

July 21, 2022

Business

Nigerian Bakers To Stop Selling Bread, Reveal Demands To End Strike

Breadmakers in Nigeria will shutdown operation on July 21, 2022, in protest against multiple taxation by Nigerian government and rising prices of raw materials driven by import and operational levies. The Premium Breadmakers Association of Nigeria (PBAN) said the cost of doing

July 20, 2022

CBN Places Service Restriction On PoS Agents Across Nigeria

Business·News

CBN’s Emefiele Reveals Punishment For Politicians Funding 2023 Election With Dollars

Politicians planning to buy dollar to fund the coming 2023 election have been warned against such action, as the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, says forex is being monitored. Emefiele said it is illegal, and could warrant

July 20, 2022

Business·World News

UK Citizens Struggling With Milk, Eggs, Other Prices, Joins Nigeria In Historic Inflation Rate

Britain entered its highest inflationary period in 40 years last month, with rate rising to 9.4%. The country joined other nations in posting historical inflation figures driven by rising crude oil, amongst others. Household consumables, petrol and diesel were factored in among

July 20, 2022

Business

FBN Holdings Hit By Lawsuit, Ordered To Maintain Status Quo

First Bank of Nigeria (FBN) Holdings has been hit with an ex-parte order restraining the company to maintain status quo. The company informed its investors in a filing to the capital market authority. The ex-parte order was issued to prevent FBN Holdings

July 20, 2022

Business·News·Sports

Bayern Munich Signs Matthijs de Ligt From Juventus For £68m

German Bundesliga champions Bayern Munich on Tuesday evening confirmed the signing of Matthijs de Ligt in a deal said to be worth around £68m from Juventus.

July 19, 2022

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

Business

UBA’s Expansion To Gulf Countries To Aid Region’s Investment In Nigeria, Africa – Tony Elumelu

The Group Chairman of the United Bank for Africa (UBA), Tony Elumelu, said the gulf market is important to the operation of the financial institution, helping to facilitate investment into Africa. Elumelu said the region, which comprises United Arab Emirates, Qatar, Saudi

July 19, 2022

Business·News

Just In: TikTok Lays Off Staff Over Purported US Pressure

As TikTok faces new political pressure in the US, the app has begun laying off staff as part of a company-wide restructuring. The report did not say how many TikTok staff had been let go, or the total number of jobs

July 19, 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 655

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

Aliko Dangote Borrows N187.6 billion Over Refinery Completion Struggles

Black Market Dollar To Naira Exchange Rate: Investors Hike Cost Of Dollar, As Emefiele Threatens Buyers

NCAA Suspends Dana Airlines’ Operation, Amid Financial Struggle, Flight Incidents

Nigerian Bakers To Stop Selling Bread, Reveal Demands To End Strike

CBN’s Emefiele Reveals Punishment For Politicians Funding 2023 Election With Dollars

UK Citizens Struggling With Milk, Eggs, Other Prices, Joins Nigeria In Historic Inflation Rate

FBN Holdings Hit By Lawsuit, Ordered To Maintain Status Quo

Bayern Munich Signs Matthijs de Ligt From Juventus For £68m

UBA’s Expansion To Gulf Countries To Aid Region’s Investment In Nigeria, Africa – Tony Elumelu

Just In: TikTok Lays Off Staff Over Purported US Pressure

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

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