Business RSS Feed by Flying Eze

Investors Hit Hard as Nigerian Stock Market Plummets, Losing N73bn Ahead of Democracy Day Holiday

Eze Chidiebere Paul — Fri, 12 Jun 2026 09:58:31 +0000

Investors lost N73 billion after Thursday’s trading on the Nigerian Stock Market to end the week on a bearish note as the nation marks Democracy Day. Data from...

#business, #stockmarket, #democracyday, #flyingeze

Nigeria Soars Past OPEC Quota with Record Crude Production

Eze Chidiebere Paul — Thu, 11 Jun 2026 20:49:31 +0000

Nigeria has recorded its highest crude oil production in 11 months, hitting 1.70 million barrels per day in May 2026. According to data released recently by the...

#business, #topheadlines, #crude, #opec, #flyingeze

"Aircraft Crew Held After Landing on Under-Construction Concrete Road in Delta, Says Keyamo"

Eze Chidiebere Paul — Thu, 11 Jun 2026 12:45:07 +0000

The Minister of Aviation and Aerospace Development, Festus Kayamo, said the crew members of the private jet that landed on a concrete road under construction in...

#business, #delta, #keyamo, #aircraft, #flyingeze

Nigerian Stock Market Sees Investors Reap N99 Billion Gains!

Eze Chidiebere Paul — Thu, 11 Jun 2026 08:25:28 +0000

Details of the trading on Wednesday at Nigerian Exchange Limited showed that market capitalisation rose by 0.06 per cent, increasing from N156.943 trillion to N...

#business, #nigerianstockmarket, #flyingeze

Dollar to Naira Exchange Rate Update: Nigerian Currency Experiences Its First Dip on June 10, 2026

Eze Chidiebere Paul — Wed, 10 Jun 2026 21:23:48 +0000

The Naira depreciated against the dollar at the official foreign exchange market on Wednesday. The Central Bank of Nigeria’s data showed that the Naira weakened...

#business, #topheadlines, #naira, #dollar, #flyingeze

Dollar to Naira Exchange Rate Update: Nigerian Currency Sees a Comeback on June 8, 2026

Eze Chidiebere Paul — Mon, 08 Jun 2026 21:23:16 +0000

Dollar to Naira exchange rate today, June 8, 2026: Nigerian currency returns to appreciation The Naira appreciated against the dollar at the official foreign ex...

#business, #2026, #dollartonairaexchangeratetoday, #june8, #flyingeze

Nigerian Government Boosts Ministers' Imprest by 133% Amidst Worker Struggles with N70,000 Minimum Wage

Eze Chidiebere Paul — Mon, 08 Jun 2026 15:58:33 +0000

The Nigerian government increased the imprest for ministers, for expenses on items such as office stationery, refreshments and others, to N700,000 per month, co...

#business, #hotnews, #topheadlines, #nigeriangovt, #minimumwage, #flyingeze

FCMB Collect: Elevate Your Business with Smart Digital Collection Solutions in Nigeria!

Eze Chidiebere Paul — Mon, 08 Jun 2026 14:57:56 +0000

To help Nigerian businesses combat payment delays and optimize cash flow, FCMB Collect continues to serve as a vital digital payment and collections platform. B...

#business, #fcmb, #flyingeze

SBT: CPPE Urges Nigeria's Lawmakers to Dismiss New Tax on Non-Alcoholic Beverages

Eze Chidiebere Paul — Mon, 08 Jun 2026 11:24:40 +0000

The Centre for the Promotion of Private Enterprise has explained why Nigeria’s House of Representatives should reject the Sugar-Sweetened Beverage Tax (non-alco...

#business, #cppe, #sbt, #flyingeze

"Industry Titans Unite as Joyce Odiachi Takes Office as the 16th President of the Professional Insurance Ladies Association"

Eze Chidiebere Paul — Sun, 07 Jun 2026 17:46:44 +0000

The Nigerian insurance industry is set to witness a landmark event as distinguished professionals, regulators, business leaders, policymakers, and stakeholders...

#business, #joyceodiachi, #flyingeze

Naira Takes a Hit: Today's Dollar to Naira Exchange Rate on June 5, 2026

Eze Chidiebere Paul — Fri, 05 Jun 2026 20:29:58 +0000

The naira continued to depreciate against the dollar at the official foreign exchange market on Friday, ending the week on a negative note. Data from the Centra...

#business, #dollartonairaexchangeratetoday, #flyingeze

Dollar to Naira Exchange Rate Today, June 3, 2026: Nigerian Currency Achieves Third Straight Gain!

Eze Chidiebere Paul — Wed, 03 Jun 2026 21:48:59 +0000

The naira extended its appreciation against the dollar on Wednesday at the official foreign exchange market for the third consecutive day. Data from the Central...

#business, #topheadlines, #2026, #dollartonairaexchangeratetoday, #june3, #flyingeze

Fuel Prices Surge 463% During Tinubu's Three-Year Tenure

Eze Chidiebere Paul — Tue, 02 Jun 2026 09:20:15 +0000

Nigeria’s fuel price increased by 463.03 percent to a minimum of N1,340 per liter on June 2, 2026, compared to the N238 per liter rate recorded three years befo...

#business, #tinubu, #fuel, #flyingeze

Nigeria's Stock Market Launches Swift T+1 Settlement Cycle

Eze Chidiebere Paul — Mon, 01 Jun 2026 13:19:26 +0000

The Nigerian stock market has commenced a faster T+1 settlement circle from June 1st, 2026. Recall that Nigeria’s Securities and Exchange Commission, SEC, in a...

#business, #stock, #flyingeze

Power Disruptions Expected Until End of June Due to Ongoing Grid Upgrades, Says TCN

Eze Chidiebere Paul — Mon, 01 Jun 2026 11:57:55 +0000

The Transmission Company of Nigeria ,TCN, has announced an extension of the ongoing maintenance work on the Jos–Bauchi–Gombe 330kV single-circuit transmission l...

#business, #tcn, #flyingeze

Nigeria’s Fuel Price Cut Hopes Grow with Falling Global Crude Rates

Eze Chidiebere Paul — Fri, 29 May 2026 14:52:39 +0000

Global crude oil prices has dropped by nearly two percent as the Iran-United States-Israel war entered three months. Checks by DAILY POST on Friday showed that...

#business, #fuel, #flyingeze

"FCMB Champions Continuity and Enterprise at the 2026 Ojude Oba Festival"

Eze Chidiebere Paul — Fri, 29 May 2026 07:50:58 +0000

For visitors arriving in the southwestern Nigerian town of Ijebu-Ode, the Ojude Oba festival first appears as a spectacle.Thousands in embroidered fabrics honou...

#business, #fcmb, #ojudeoba, #flyingeze

Dollar to Naira Exchange Rate Update: Nigerian Currency Falls Ahead of Sallah Celebrations on May 26, 2026

Eze Chidiebere Paul — Tue, 26 May 2026 21:18:53 +0000

The Naira depreciated against the dollar at the official foreign exchange market on Tuesday ahead of the Eid-ul-Adha holidays. The Central Bank of Nigeria’s da...

#business, #naira, #dollar, #flyingeze

Fidelity Bank Reports Impressive 38% Surge in Gross Earnings, Reaching N434.95 Billion in Q1 2026

Eze Chidiebere Paul — Tue, 26 May 2026 20:24:11 +0000

Fidelity Bank Plc recorded 37.9 per cent growth in gross earnings to N434.95 billion in first quarter 2026 as the international commercial bank continued to exp...

#business, #fidelitybank, #flyingeze

Dollar to Naira Exchange Rate Update: Nigerian Currency Kicks Off the Week Strong on May 25, 2026

Eze Chidiebere Paul — Mon, 25 May 2026 20:45:36 +0000

The Naira appreciated against the dollar at the official and parallel foreign markets on Monday to begin the week on a positive note. The Central Bank of Niger...

#business, #naira, #dollar, #flyingeze

Dangote Refinery Signals End of Nigeria's Fuel Import Reliance, Propelling GDP and Foreign Exchange Earnings, Says EIU

Eze Chidiebere Paul — Mon, 25 May 2026 18:28:36 +0000

The operational ramp up of the 650,000 barrels per day Dangote Petroleum Refinery & Petrochemicals is fundamentally reshaping Nigeria’s downstream oil sector, s...

#business, #dangoterefinery, #flyingeze

Nigerians Face Tougher Times as Cooking Gas Prices Surge Nationwide

Eze Chidiebere Paul — Mon, 25 May 2026 08:19:23 +0000

The price of liquefied petroleum gas, known as cooking gas, has increased nationwide as marketers lament scarcity. This comes as the Nigerian Association of Li...

#business, #cookinggas, #flyingeze

S&P Upgrade Spotlights Dangote Refinery's Rising Influence on Nigeria's Economy

Eze Chidiebere Paul — Sun, 24 May 2026 18:54:34 +0000

The Dangote Petroleum Refinery & Petrochemicals is emerging as a major driver of Nigeria’s improving economic outlook, following the country’s sovereign credit...

#business, #dangoterefinery, #spupgrade, #flyingeze

CPPE Supports Dangote Refinery, Criticizes New Petrol Import Licenses

Eze Chidiebere Paul — Sun, 24 May 2026 15:54:23 +0000

The Central for the Promotion of Private Enterprise have condemned the Nigerian government over the fresh issuance of petrol import licenses to petroleum market...

#business, #dangoterefinery, #cppe, #flyingeze

AEDC Restores Power in Abuja Following Recent Blackout

Eze Chidiebere Paul — Sun, 24 May 2026 07:27:20 +0000

Abuja Electricity Distribution Company has announced that it has restored electricity supply to State House, Nnamdi Azikiwe International Airport, Lugbe, Garki,...

#business, #abuja, #aedc, #flyingeze

NIMASA Reports Oil Spill Following Vessel Collision, Five People Injured

Eze Chidiebere Paul — Fri, 22 May 2026 06:57:07 +0000

The Nigerian Maritime Administration and Safety Agency, NIMASA, has confirmed an oil spill in the Bonny Channel area of Rivers State following a collision invol...

#business, #oil, #nimasa, #flyingeze

Dollar to Naira Exchange Rate Update for May 21, 2026: Nigerian Currency Grows Stronger!

Eze Chidiebere Paul — Thu, 21 May 2026 21:25:33 +0000

The naira further strengthened against the dollar at the official foreign exchange market on Thursday. Data from the Central Bank of Nigeria (CBN) showed that t...

#business, #dollartonairaexchangeratetoday, #flyingeze

Otedola Sets Sights on $100 Million Investment in Dangote Refinery

Eze Chidiebere Paul — Wed, 20 May 2026 17:24:26 +0000

The Chairman of First HoldCo, Femi Otedola, has disclosed plans to invest $100 million in the Dangote refinery. Otedola made this known on Wednesday after he vi...

#business, #dangoterefinery, #otedola, #flyingeze

Dangote: Refinery Listing Set to Unleash Africa's Industrial Riches for Investors

Eze Chidiebere Paul — Wed, 20 May 2026 11:22:25 +0000

President of Dangote Group, Aliko Dangote, has said the planned listing of Dangote Petroleum Refinery on the Nigerian Exchange will allow more Africans to direc...

#business, #dangote, #flyingeze

International Energy Insurance Plc Unveils N17.5 Billion Public Offering!

Eze Chidiebere Paul — Wed, 20 May 2026 08:49:28 +0000

International Energy Insurance (IEI) Plc, a Norrenberger company, has announced the commencement of its N17,500,000,000.00 Public Offer, which opens today May 2...

#business, #promoted, #internationalenergyinsurance, #flyingeze

Tank Farm Owners Urge Nigerian Government to Revoke New Petrol Import Licenses for Dangote Refinery

Eze Chidiebere Paul — Tue, 19 May 2026 14:45:58 +0000

Members of the Jetties and Petroleum Tank Farms Owners of Nigeria have asked the Nigerian government to cancel the petrol import licenses recently granted to ma...

#business, #dangoterefinery, #petrolimport, #flyingeze

Nigerian Stock Market Kicks Off the Week on a Down Note with N81bn in Investor Losses

Eze Chidiebere Paul — Tue, 19 May 2026 07:54:53 +0000

The Nigerian stock market on Monday began the week in bearish territory as investors recorded an N81 billion loss. This comes as Nigerian Exchange Limited mark...

#business, #stock, #flyingeze

Dollar to Naira Exchange Rate Update for May 18, 2026: Nigerian Currency Struggles Against the Dollar

Eze Chidiebere Paul — Mon, 18 May 2026 21:22:19 +0000

The Naira continued depreciating against the dollar at the official foreign exchange market on Monday to begin the week on a negative note. The Central Bank of...

#business, #dollartonairaexchangeratetoday, #flyingeze

Breaking News: Dangote Refinery Slashes Jet Fuel Prices!

Eze Chidiebere Paul — Mon, 18 May 2026 19:23:58 +0000

Dangote Petroleum Refinery & Petrochemicals has reduced the price of aviation fuel (Jet A1) to N1,650 per liter from N1,750 per liter, in a move aimed at easing...

#business, #topheadlines, #breaking, #dangoterefinery, #flyingeze

Aliko Dangote Named African Energy Person of the Year 2026!

Eze Chidiebere Paul — Mon, 18 May 2026 08:17:16 +0000

Aliko Dangote, the richest man in Africa and president of Dangote Group, including Dangote Refinery and Cement, has emerged as the African Energy Person of 2026...

#business, #promoted, #alikodangote, #flyingeze

Dangote Refinery Takes Nigerian Government to Court Over New Petrol Import Licenses

Eze Chidiebere Paul — Fri, 15 May 2026 16:26:28 +0000

Dangote Refinery has dragged the Nigerian government to court over fresh import licenses issued to petrol marketers and the Nigerian National Petroleum Company...

#business, #topheadlines, #fg, #dangoterefinery, #petrol, #flyingeze

Timi Frank Urges Nigerian and African Leaders to End Harmful Agreements with France

Eze Chidiebere Paul — Fri, 15 May 2026 09:55:30 +0000

Former Deputy National Publicity Secretary of the All Progressives Congress, APC), Comrade Timi Frank, has warned Nigerian and African leaders against entering...

#business, #france, #timifrank, #flyingeze

MainPower: EERC Reduces Ratings for 59 Enugu Feeders Due to Power Supply Issues

Eze Chidiebere Paul — Fri, 15 May 2026 05:47:44 +0000

Enugu Electricity Regulatory Commission, EERC, has announced the downgrade of 59 feeders under the franchise of the MainPower Electricity Distribution Company L...

#business, #eerc, #mainpower, #flyingeze

DMO Unveils N600bn May Bond Auction and Introduces N47.36bn Sovereign Green Debt on NGX

Eze Chidiebere Paul — Thu, 14 May 2026 08:24:33 +0000

The Debt Management Office, DMO, has announced a fresh N600 billion Federal Government of Nigeria bond auction for May 2026 and the listing of the 18.95 percent...

#business, #dmo, #ngx, #maybondauction, #flyingeze

Lagos Aims to Boost Biogas Production to Cut Down on Imported Fuel Dependency

Eze Chidiebere Paul — Wed, 13 May 2026 10:58:32 +0000

The Lagos State Government has unveiled plans to commence commercial production of biogas and bio-methane as part of measures aimed at reducing dependence on im...

#business, #lagos, #flyingeze

St. Kitts and Nevis Upgrades Passport with Cutting-Edge Biometric Technology!

Eze Chidiebere Paul — Wed, 13 May 2026 10:16:18 +0000

Standfirst: Citizens of the Federation, including those resident in Nigeria, must complete biometric enrolment by 31 July 2027 to retain access to international...

#business, #stkittsandnevis, #flyingeze

Dollar to Naira Exchange Rate Update: Nigerian Currency Continues to Weaken on May 11, 2026

Eze Chidiebere Paul — Mon, 11 May 2026 21:22:29 +0000

Dollar to Naira exchange rate today, May 11, 2026: Nigerian currency sustains significant depreciation The Naira depreciated significantly against the dollar at...

#business, #naira, #dollar, #flyingeze

Fidelity Bank Achieves Remarkable 45.6% Surge in Gross Earnings for FY 2025

Eze Chidiebere Paul — Mon, 11 May 2026 20:27:15 +0000

Fidelity Bank Plc, a leading Nigerian financial institution, has announced its audited financial results for the year ended 31 December 2025, reporting Gross Ea...

#business, #fidelitybank, #flyingeze

FCMB Asset Management Unveils New Look for Four Mutual Funds After SEC Name Change Approval

Eze Chidiebere Paul — Mon, 11 May 2026 10:46:38 +0000

Lagos: May 11, 2026 — FCMB Asset Management Limited (FCMBAM), the Asset Management arm of FCMB Group Plc, announced that it has received approval from the Secur...

#business, #promoted, #fcmb, #sec, #flyingeze

"CBN Warns Nigerian Governors: Unpredictable Fiscal Actions Threaten Price Stability Amid Inflation"

Eze Chidiebere Paul — Mon, 11 May 2026 07:52:53 +0000

The Central Bank of Nigeria, CBN, has warned state governors that unpredictable fiscal policies at the sub-national level could frustrate efforts to achieve pri...

#business, #cbn, #inflation, #flyingeze

Nigerian Government Grants New Fuel Import Licenses to Petrol Marketers

Eze Chidiebere Paul — Sat, 09 May 2026 09:25:40 +0000

In a new policy shift, the Nigerian government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, resumed issuance of petrol import...

#business, #fg, #petrol, #fuel, #flyingeze

Dollar to Naira Exchange Rate Update for May 8, 2026: Nigerian Currency Declines to Close the Week on a Low Note

Eze Chidiebere Paul — Fri, 08 May 2026 21:24:39 +0000

The naira depreciated against the dollar at the official foreign exchange market on Friday to end the week on a negative note. Data from the Central Bank of Nig...

#business, #dollartonairaexchangeratetoday, #flyingeze

Breaking News: Nigerian Fuel Stations Slash Petrol Prices, IPMAN Responds

Eze Chidiebere Paul — Thu, 07 May 2026 16:26:18 +0000

Nigerian filling stations have dropped petrol prices to attract patronage. A fuel price market survey by DAILY POST on Thursday showed that NIPCO, Eterna and Mo...

#business, #topheadlines, #petrol, #flyingeze

"Edafe Critiques NNPCL's Plans to Revive Nigerian Refineries as a Misuse of Resources"

Eze Chidiebere Paul — Wed, 06 May 2026 17:17:44 +0000

A public affairs analyst and transparency advocate, Oghenetega Edafe, has rubbished the recent Nigerian National Petroleum Company Limited partnership with Chin...

#business, #refineries, #edafe, #flyingeze

Breaking News: Dangote Refinery Raises Fuel Prices Once More!

Eze Chidiebere Paul — Wed, 06 May 2026 08:26:57 +0000

Dangote Refinery has increased the ex-depot price of petrol by N75, bringing the price up to N1,350 per litre from the previous price of N1,275. This is the fir...

#business, #topheadlines, #breaking, #dangoterefinery, #fuelprice, #flyingeze