Air Peace is a Nigerian project, and every Nigerian should be proud of their prowess. Our government must do everything to ensure that this national project succeeds. It must not fail, like Arik. And, it must not sail like the Titanic. Air Peace must succeed and go ballistic for the […]

India, which overtook China as the world’s most populous country last year, added 31 new billionaires within a year. This situation offers lessons for Nigeria, Africa’s most populated nation, which saw the number of billionaires in the country increase by one to four on the latest Forbes 2024 World’s Billionaire […]

The foreign exchange (FX) opened on Friday morning after the holidays with the Naira, Nigeria’s currency exchanging with the US dollar at N1,130 at the parallel market. This represents 0.88 percent depreciating over N1,120 per dollar exchanged during the holidays. Traders attribute the fluctuation in exchange rates to the irregularity of trading […]

Businesses in Nigeria including manufacturers have been under intense pressure in the last three months following the Nigeria Customs Service’s effort to meet its N5 trillion annual revenue target. While Customs recently declared a 122.35 percent increase in revenue generated in the first quarter compared to the same period last […]

Foreign airlines operating from Lagos to London have continued to drop their fares since Air Peace commenced operations on the route. Airlines such as British Airways (BA), Virgin Atlantic, Qatar Airways, Ethiopian Airlines and others have continued to slash fares on the route as competition is seen to drive price war. BusinessDay had […]

The Association of Bureaux De Change Operators of Nigeria (ABCON) has given its backing to the latest directive by the Central Bank of Nigeria (CBN) on stopping the use of foreign currency denominated-collateral for accessing naira loans. The CBN’s directive banning the use of Non-Export Domiciliary Account Collateral for naira loans will […]

Libya overtook Nigeria to emerge the top African crude oil producer in March, data from the Organization of Petroleum Exporting Countries (OPEC) has shown. The North African country recorded 1.24 million barrels per day (bpd) of crude production in March, a 5.7 increase from 1.17 million bpd in February, according […]

Bank customers who speculatively used dollar-denominated currency as collateral to obtain naira loans are expected to begin massive sales or look for alternatives, from the coming weeks, following the new rule by the Central Bank of Nigeria (CBN). This is expected to boost the naira further. The CBN on Monday […]

Gatwick airport has encouraged passengers to embark on their next journey from London Gatwick to Lagos using Air Peace. In it’s X handle, @Gatwick_Airport, the airport congratulated Air Peace on its inaugural flight to London. “Exciting news! We recently welcomed Nigerian carrier @flyairpeace to the London Gatwick family, flying daily to Lagos. “Perfect for […]

The Federal Government has allocated approximately N4.83 trillion from the proceeds of Nigerian Treasury Bills (NTBs) and Bonds issued in 2024 to settle the Ways and Means Advances from the Central Bank of Nigeria (CBN). This was disclosed by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale […]