Business - Page 249

Dangote Refinery Urges NUPENG, PTD Harmony Amid Leadership Dispute

Dangote Refinery management has issued a plea to the warring factions within the National Union of Petroleum and Natural Gas (NUPENG) and the Petroleum Tanker Drivers (PTD) leaders to resolve their internal

Emmanuel Ochayi

February 7, 2024

Saudi Arabia Issues Warning Of $50 Oil Price If OPEC+ Nations Fail To Comply

Business·Oil & Gas

Why Global Oil Market Needs $14trn Investment – OPEC

In a paradigm-shifting address at India Energy Week, OPEC’s Secretary General Haitham al-Ghais illuminated the pressing need for $14 trillion investment in the global oil market over the next two decades. His

Victor Ezeja

February 7, 2024

How Loss Of Over $5 Trillion In U.S. Stock Exchange Affects Nigeria

Business·Markets

Market Cap Suffers N849bn Loss As Key Players Dip

The Nigerian Exchange witnessed a downturn on Tuesday, with losses recorded across major players including BUA Cement, Sterling Financial Holding Company, Consolidated Hallmark Holdings, UPDC, and The Initiates. The market saw a

Emmanuel Ochayi

February 7, 2024

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Currency

Naira Dips To N1,433 At Official Market Amid Surge In Forex Transactions

The Naira value slightly dropped in the official window despite surge in foreign exchange transactions, soaring to $584 million as data from the Nigerian Autonomous Foreign Exchange Market (FMDQ) revealed. This surge

Emmanuel Ochayi

February 7, 2024

Business·News

Just In: Court Clears Former Air Force Chief, Amosu, Others Of N21bn Money Laundering Charges

In a turn of events at the Federal High Court in Lagos, the long-standing money laundering charges against former Chief of Air Staff, Adesola Amosu, and his colleagues have been quashed. Justice

Emmanuel Ochayi

February 6, 2024

Business·News·Top Stories

Kidnapping Surge Fuels Demand For Armored Vehicles In Nigeria Amid Forex Crisis

As the haunting shadow of abductions looms over Nigeria, a surge in demand for armored vehicles by Very Important Persons (VIPs) and affluent citizens has been observed. This uptick comes in the

Emmanuel Ochayi

February 6, 2024

Forex Crisis: CBN Sells $122.67m To 46 Authorised BDC Operators

Business·Currency·Finance & Economy·News

Foreign Education, Medical Tourism Worsen FX Crisis, Costing Nearly $40bn – Cardoso Laments

Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), said foreign education and medical tourism on have contributed significantly in Nigeria’s foreign exchange (FX) crisis. Cardoso made the revelation when

Victor Ezeja

February 6, 2024

Business·News

CBN Reforms Yielding Positive Returns As FX Transactions Surge To $800m, CBN Gov Assert

In a revelation today, the Governor of the Central Bank of Nigeria (CBN), Mr. Cardoso, unveiled the tangible results of recent reforms initiated by the apex bank, underscoring a surge in liquidity

Emmanuel Ochayi

February 6, 2024

Vessels Discharge Hitches Causing Fuel Scarcity – NNPC

Business·News·Oil & Gas

Fuel Scarcity: NNPCL Explains Lagos Fuel Queues As “Brief Distribution Issue”

Long queues at filling stations in Lagos State have sparked concerns among residents, leading to speculation about a potential fuel scarcity. However, the Nigerian National Petroleum Company Limited (NNPCL) has moved to

Emmanuel Ochayi

February 6, 2024

AMA News·Business

Press Release: 2024 U.S.-Africa Business Summit: Partnering for Sustainable Success; Celebrating MCC’s 20 Years of Poverty-Reducing Development

WASHINGTON, DC, USA, 6 February 2024, /African Media Agency/-The Corporate Council on Africa (CCA) is proud to announce that the 2024 U.S.-Africa Business Summit will take place in Dallas, Texas May 6-9,

Prime Business Africa

February 6, 2024

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Business - Page 249

Dangote Refinery Urges NUPENG, PTD Harmony Amid Leadership Dispute

Why Global Oil Market Needs $14trn Investment – OPEC

Market Cap Suffers N849bn Loss As Key Players Dip

Naira Dips To N1,433 At Official Market Amid Surge In Forex Transactions

Just In: Court Clears Former Air Force Chief, Amosu, Others Of N21bn Money Laundering Charges

Kidnapping Surge Fuels Demand For Armored Vehicles In Nigeria Amid Forex Crisis

Foreign Education, Medical Tourism Worsen FX Crisis, Costing Nearly $40bn – Cardoso Laments

CBN Reforms Yielding Positive Returns As FX Transactions Surge To $800m, CBN Gov Assert

Fuel Scarcity: NNPCL Explains Lagos Fuel Queues As “Brief Distribution Issue”

Press Release: 2024 U.S.-Africa Business Summit: Partnering for Sustainable Success; Celebrating MCC’s 20 Years of Poverty-Reducing Development

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