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Business - Page 661

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·Markets

Stock Market Roundup: Top Five Gainers, Losers’ List After 5 Days Of Trading

This week’s trading data obtained from the Nigerian Exchange Limited (NGX), disclosed 822.404 million shares worth N10.366 billion, exchanged investors hands in 20,643 deals. It was in contrast to the 1.348 billion shares traded last week, in 22,155 deals, worth N24.487 billion.

July 9, 2022

Business·Technology

Elon Musk No Longer Buying Twitter, Risk $1 billion Fine

The Chairman of Twitter board, Bret Taylor, has threatened to sue Elon Musk, after the Chief Executive Officer of automaker, Tesla, pulled out of the acquisition deal to buy out the social media. Musk’s lawyer, Mike Ringler, had written to Twitter board

July 9, 2022

Business·Markets

Caverton Lead Gainers’ List, Nahco Top Losers’, As Nigerian Stock Market Crashes

The market capitalisation fell marginally at the close of business on Friday, losing N3.40 billion, to settle at N27.803 trillion, having closed previous trading day with N27.806 trillion. Nigerian bourse market cap dip following a decline in the All Share Index, that

July 8, 2022

Business·News

Airtel Africa Reduces Foreign Debt By $450 Million

Mobile telecom service provider, Airtel Africa has pruned down its debt to $550 million, a year earlier than the redemption date to its parent company, Bharti Airtel.

July 8, 2022

Business

Stanbic IBTC Capital’s Funso Akere, CSCS’s Jalo-Waziri Criticise SEC’s Fundraising Rules

Stakeholders in the Nigerian stock market have criticised the timeframe of processing equity capital in the bourse, urging the Securities and Exchange Commission (SEC) to review the rules around raising funds. They said the SEC regulations on listing to raise capital doesn’t

July 8, 2022

Naira Opens Week With Gain Across FX Markets

Business·Currency

Dollar To Naira Exchange Rate: Dollar Rate Rises Again, As Supply Reaches New High

July 7, 2022 Dollar Rate Update: Investors and Exporters window closed trading on Thursday with the naira depreciating in value, just a day after improving. It shared the same fate in the black market. Prime Business Africa had reported that the official

July 8, 2022

Business

IDA: Nigeria To Benefit From World Bank’s $93 billion Poor Developing Country Fund

The International Development Association (IDA) plans to disburse 70 percent of its $93 billion global fund in Africa, and Nigeria will receive the largest cut, a statement obtained on Thursday disclosed. IDA is a World Bank member, and also a global credit

July 8, 2022

Africa·Business·News

Buhari, Other African Leaders Launch $93bn Investment Fund In Dakar

President Muhammadu Buhari, Thursday, joined his contemporaries in Dakar, Senegal to launch “the largest financial package ever mobilised in the history of the International Development Association (IDA) – $93billion – geared towards a “robust and resilient economy for Africa.” A statement signed

July 7, 2022

Business·Markets

Stock Market Investors Pocket N10 billion, Academy, Honeywell Flour Drive Rebound

Nigeria’s stock market, after trading on Thursday, returned to winning ways, as investors went home with about N10 billion, as capitalisation hit N27.80 trillion. Nigerian bourse equity capitalisation grew by 0.01% from the N27.79 trillion it ended trading with on Wednesday. The

July 7, 2022

Business·Technology

Flutterwave Counters Kenyan Authority On Money Laundering

Nigerian startup, Flutterwave, has denied allegation that the company is involved in money laundering after Kenyan authority, Asset Recovery Agency (ARA), closed 52 accounts belonging to the firm to aid their investigation. ARA secured a court order to suspend activities on the accounts

July 7, 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 661

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

Stock Market Roundup: Top Five Gainers, Losers’ List After 5 Days Of Trading

Elon Musk No Longer Buying Twitter, Risk $1 billion Fine

Caverton Lead Gainers’ List, Nahco Top Losers’, As Nigerian Stock Market Crashes

Airtel Africa Reduces Foreign Debt By $450 Million

Stanbic IBTC Capital’s Funso Akere, CSCS’s Jalo-Waziri Criticise SEC’s Fundraising Rules

Dollar To Naira Exchange Rate: Dollar Rate Rises Again, As Supply Reaches New High

IDA: Nigeria To Benefit From World Bank’s $93 billion Poor Developing Country Fund

Buhari, Other African Leaders Launch $93bn Investment Fund In Dakar

Stock Market Investors Pocket N10 billion, Academy, Honeywell Flour Drive Rebound

Flutterwave Counters Kenyan Authority On Money Laundering

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

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