Business

Commodity prices to hit four-year high in 2026

  • 28th April 2026

SMEDAN laments low MSME participation in govt support

  • 28th April 2026
MTN, Airtel generate N3.67trn data, voice revenue in 2024 H1

Court orders MTN, Airtel to restore airtime borrowing

  • 28th April 2026

Manufacturers lament low export share despite ₦85trn total

  • 28th April 2026

Contact Info

Some Populer Post

Oil prices climb as Iran war talks stall again

Oil and Gas
UBA begins $6bn project to support African SMEs

UBA releases unaudited Q1 2026 financial results

Banking
Nigeria, others spent $1.4trn on debt servicing in 2023 - World Bank

World Bank commits $8.2bn to tackle Africa’s electricity access

Business featured
Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months

Naira gains at parallel market, falls at official FX

featured Finance

Blog

PoS transactions hit N8trn in 2022 - NIBSS
Banking

PoS transactions hit N8trn in 2022 – NIBSS

Recent data from the Nigeria Interbank Settlement System showed that the value of Point of Sale transactions in Nigeria has risen by 39 per cent to N8.03tn in 2022. According to The Punch, PoS transaction from July 2020 to Punch, PoS was estimated at N5.7trn, but between July 2021 and July 2022, it rose to […]

Why shareholders approved Union Bank UK sale
Banking

Why shareholders approved Union Bank UK sale

The recent sale of Union Bank UK, a subsidiary of Union Bank Plc to Fidelity Bank has been attributed to its poor performance in recent times. According to Nairametrics, it was revealed that shareholders approved the sale of the bank in their recent Extra Ordinary General Meeting because it has been reporting losses as against […]

NNPC to supply Dangote refinery 300k barrels daily
Oil and Gas

NNPC to supply Dangote refinery 300k barrels daily

The Nigeria National Petroleum Corporation Limited has secured a massive supply of about 300,000 crude oil per day to the Dangote refinery for the next 20 years. This was disclosed by the Group Chief Executive Officer, NNPC Ltd, Mele Kyari when he appeared at the 49th Session of the State House Ministerial Briefing organised by […]

Fidelity Bank to take over Union Bank UK
Banking

Fidelity Bank to buy Union Bank UK

Fidelity Bank Plc has revealed its plans to acquire a 100 per cent equity stake in Union Bank Plc in the United Kingdom. The Bank via a corporate filing on the Nigerian Exchange Limited on Tuesday said the Central Bank of Nigeria had issued ‘No Objection’ to its proposed acquisition of the bank which commenced […]

Risevest CEO Eke Urum quits over sexual abuse allegations
News

Risevest CEO Eke Urum quits over sexual abuse allegations

The founder and CEO of Nigeria-based stock investment app, Risevest – Eke Eleanya Urum, has stepped down from his role following “allegations of abuse of power and sexual impropriety.” Risevest made this known in a statement made available to AMBusiness on Tuesday, 30th of August 2022. According to the company, Urum “willingly agreed to step […]

  • enitan
  • 30th August 2022
  • 0 Comments
  • 279 Views
Delta airline halts Lagos to New York flights
Aviation

Delta airline halts Lagos to New York flights

Delta Air Lines has announced the cancellation of its flights between New York-JFK and Lagos, effective October 4, 2022. The airline explained the route cancellation in a statement released this morning, saying that they needed to adjust to “the current demand environment.” It read, “Delta is suspending its non-stop service between New York-JFK and Lagos […]

Flights to South-South most expensive - NBS
Aviation

Jet A1: Airlines slash workforce, Dana considers resumption

As the crisis in Nigeria’s aviation industry persists, domestic airlines have continued to reduce their workforce. According to The PUNCH, It was also learned that plans were in the works to hire back some of the laid-off workers, but that this wouldn’t really happen until more planes from the affected airlines started flying again. Airline […]

IATA welcomes CBN's release of $265m to airlines
Aviation

IATA welcomes CBN’s release of $265m to airlines

The International Air Transport Association hailed the Central Bank of Nigeria for releasing 43% of trapped funds to international airlines. AM Business had reported that CBN last weekend released $265million, being part of the over $464 million belonging to the foreign airlines. Foreign airlines collect Naira for their tickets from customers and exchange the same […]

Dangote to slash sugar import by 40%
News

Dangote to slash sugar import by 40%

The management of Dangote Sugar Refinery Plc has said that the company is planning to cut the amount of sugar that is imported into the country by 40 per cent. This was disclosed by the President, Dangote Group, Aliko Dangote via a statement. He revealed that the company is embarking on Phase II of its […]

Oil Theft: Nigeria loses $150m every two days
News

Why oil theft estimates are unrealistic- Navy

The Chief of Naval Staff, Vice Admiral Awwal Gambo has revealed why figures of stolen crude oil which have been made available to the public are unrealistic. Gambo made the disclosure on Monday during an interview on Channels Television while reacting to recent reports of stolen crude oil ranging from 20,000 to 200,000 barrels per […]

X to offer paid users xAI chatbot - Musk
Oil and Gas

World needs oil, gas to survive – Elon Musk

Tesla CEO and the world’s richest person, Elon Musk, has reiterated the need for continued efforts to raise oil and gas exploration in the world. Musk stated this while speaking at a conference in Norway on Monday, according to Forbes. Reuters reported that Musk argued that civilization will crumble if the world stops the use of oil […]

Trapped forex: Expert pushes for ticket purchase in dollars
Aviation featured

Trapped forex: Expert pushes for ticket purchase in dollars

To resolve airlines’ $464m trapped funds, a former Director-General of the Nigerian Civil Aviation Authority, Dr Harold Demuren, proposed that first-class and business class passengers buy tickets in dollars. According to The Punch, Demuren told the Federal Government adding that the economy class passengers can buy their tickets in naira, which he proposed will help […]

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Email Us: [email protected]

ambusinessng @2025. All Rights Reserved.

Facebook-f Pinterest-p Youtube Instagram Linkedin-in