Business Archives - News Desk Nigeria

Etihad Airways To Resume Lagos Flights In March 2027 After Signing Air Peace Codeshare, Eyes Abuja Expansion

NewsDeskNgJul 24, 2026July 24, 20260

Etihad Airways announces daily Lagos flights from March 2027, signs Air Peace codeshare, as Nigeria pushes for Abuja operations. Etihad Airways has announced plans to resume flight operations to Nigeria, with daily services to Lagos expected to commence between March 24 and 27, 2027, marking the airline’s return to the...

NUPRC: 163 Host Community Trusts Now Operational Under PIA

NewsDeskNgJul 24, 2026July 24, 20260

NUPRC says 163 host community trusts have attracted billions of naira, funding over 1,100 development projects across the Niger Delta. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Thursday revealed that not less than 163 Host Communities Development Trusts (HCDTs) had been incorporated nationwide under the Petroleum Industry Act (PIA)....

Air Peace, Etihad Forge Partnership To Expand Nigeria, Africa, UAE Connectivity

NewsDeskNgJul 22, 2026July 22, 20260

Excerpt: Air Peace and Etihad Airways have signed an interline agreement connecting 20 destinations across Nigeria, West and Central Africa with Abu Dhabi. Air Peace and Etihad Airways have signed Excerpt: Air Peace and Etihad Airways have signed an interline agreement connecting 20 destinations across Nigeria, West and Central Africa...

Access Bank Wins 16 Euromoney Awards, Strengthens Global Banking Standing

NewsDeskNgJul 18, 2026July 18, 20260

Access Bank secures 16 Euromoney honours, reinforcing its global reputation through innovation, customer excellence and sustainable banking leadership. Access Bank Plc has won 16 honours at the Euromoney Awards for Excellence 2026, strengthening its position as one of Africa’s leading financial institutions and expanding its global standing. According to a...

Nigeria’s Foreign Reserves Hit $51.86 Billion, Highest In More Than 17 Years

NewsDeskNgJul 16, 2026July 16, 20260

Nigeria’s foreign reserves have risen to $51.86 billion, marking their highest level in more than 17 years and surpassing the Central Bank of Nigeria’s (CBN) full-year projection for 2026. Figures released by the CBN show that the country’s gross external reserves stood at $51.86 billion as of Tuesday, July 14,...

FCCPC Seals Up 3 Milk Factories in Onitsha, Arrest One, Confiscate Equipment

NewsDeskNgJul 14, 2026July 14, 20260

Officials of the Federal Competition and Consumer Protection Commission (FCCPC), yesterday sealed up three factories in Awada area of Onitsha over non-compliance with acceptable production standards. The enforcement team of the commission who raided the factories destroyed freshly produced milk, which were in containers and being scooped into cans. The...

Senate Probes N34tn Import Duty Waivers, Warns MDAs Over Revenue Accountability

NewsDeskNgJul 14, 2026July 14, 20260

Senate investigates N34 trillion import duty waivers, warns defaulting MDAs of sanctions and demands accountability for revenue losses. The Senate Committee on Finance on Monday opened a fresh probe into the federal government’s issuance of Import Duty Exemption Certificates (IDEC) valued at about N34 trillion between March 1, 2000 and...

Nigeria’s Crude Oil Output Hits Six-Year High, Exceeds OPEC Quota

NewsDeskNgJul 13, 2026July 13, 20260

Nigeria exceeds 104% of its OPEC quota as crude oil production hits its highest monthly level in over six years. Nigeria’s crude oil and gas production increased to an average of 1,735,398 barrels per day in June 2026, marking a fourth consecutive month of growth and pushing the country above...

Onyema: Nigeria Must Promote Its Tourism Assets To Boost Foreign Exchange

NewsDeskNgJul 13, 2026July 13, 20260

Allen Onyema says promoting Nigeria’s tourism attractions will draw global visitors, strengthen the economy and increase foreign exchange earnings. The Chairman and CEO of Air Peace, Dr. Allen Onyema, has urged tour operators to promote Nigerian destinations to attract international visitors, noting this will not only bring in the needed...

Apple Sues OpenAI Over Trade Secrets, Claims Former Employees Stole Confidential Hardware Data

NewsDeskNgJul 11, 2026July 11, 20260

Apple sues OpenAI, alleging former employees stole confidential hardware trade secrets to accelerate the ChatGPT maker’s consumer device ambitions. Apple has filed a lawsuit against OpenAI and two former employees, accusing them of stealing trade secrets to help the ChatGPT maker expand into the consumer hardware market. The lawsuit, filed...