Latest Nigeria News: Top 15 Weekly Business News Roundup

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The Nigerian business landscape witnessed a series of significant events from Monday, April 22 to Saturday, April 27, 2024. Here is a roundup of the top 15 latest news stories making headlines:

1. **Court To Rule On Binance Executive’s Bail Application May 17**: The Abuja Federal High Court has fixed May 17 to hear the bail application of Tigran Gambaryan, the executive officer of Binance Holdings Limited, who is facing money laundering charges.

2. **AfCFTA: PAMA, MAN To Champion Ratification Of Single Currency**: The Manufacturers Association of Nigeria (MAN) and PanAfrican Manufacturers Association (PAMA) are working to champion the ratification and adoption of a single African currency to facilitate trade within the African Continental Free Trade Area.

3. **Q-o-Q: PMS Import Increases By 10.8% To N3.63trn**: Importation of Premium Motor Spirit (PMS) increased by 10.8% in the first quarter of 2024.

4. **FG Grounds Dana Air Over Safety Concerns**: The Federal Government suspended Dana Airline’s fleet operations over safety concerns following an incident involving a Dana Air plane.

5. **Q1’24: More Nigerians Buy Dangote Cement As Volume Rises By 26.1%**: Dangote Cement recorded a 26.1% increase in domestic sales volume in the first quarter of 2024.

6. **FG Woos Investors To Nigeria With Mining Incentives, Policies**: Nigeria is being promoted as a prime mining investment destination to Australian investors due to its favorable incentives and policies.

7. **Air Peace Flight Makes Emergency Landing At Lagos Airport**: Passengers on an Air Peace aircraft were evacuated after the airline’s plane made an emergency landing at the Murtala Muhammed International Airport in Lagos.

8. **NNPCL Signs Agreement For 100,000bpd Facility Inside Port Harcourt Refinery**: The Nigerian National Petroleum Company Ltd (NNPC Ltd) signed an agreement for a share subscription with Port-Harcourt Refinery.

9. **Naira Sustains Slide, Crashes To N1,450/$1 On Parallel Market**: The naira depreciated further, reaching N1,450 per dollar on the parallel market.

10. **Air Peace To Begin Abuja-London Flights – Keyamo**: Air Peace announced plans to commence flights between Abuja and London.

11. **CAA Opens Application For Start-Ups In Climate-Tech Sector**: Climate Action Africa (CAA) opened applications for the Deal Room at the 2024 Climate Action Africa Forum (CAAF24) to connect climate innovators.

12. **Subscribers Kick As Multichoice Increases Tariffs Again**: MultiChoice released new subscriptions with a 26% increment, leading to higher costs for DStv and GOtv viewers.

13. **LCCI Rues Mining Sector’s Low Performance**: The Lagos Chamber of Commerce and Industry (LCCI) highlighted challenges stifling growth in the mining sector.

14. **NNPC Ltd, Partner Unlock 12,000bpd Production From Awoba Unit Field**: NNPC Ltd. and its JV partner restarted production from the Awoba field, contributing to the Bonny Terminal.

These stories reflect the diverse and dynamic nature of the Nigerian business environment, showcasing both challenges and opportunities for investors and stakeholders.