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Business - Page 494

Naira Appreciates Against Dollar, Trades At N1,477 Per USD

The foreign exchange rate of the United States dollar (USD) increased to N1,477.99 kobo per $1 in the parallel market on Tuesday, December 23, from the N1,476.95 kobo per USD recorded on Monday, December 22. This represents a 0.07 percent decline in

December 23, 2025

Five Important Policies To Expect From Tinubu After Fuel Subsidy Removal

Business·Opinion

President Tinubu’s Fuel Subsidy Pill – The Questions

Unknown to many in Nigeria, fuel subsidy has been around since the mid-1970s, when the price of a litre of petrol was 5 kobo, and did not exceed four naira until 1991. Normally, Nigerians have been buying fuel at a cost lower

June 2, 2023

NNPC Doesn’t Have Fuel To Sell – Oil Marketers’ Depot Chairman Says

Business·Oil & Gas

Kyari Says Dangote, Port Harcourt Refineries Will Not Drop Fuel Price

Dangote Refinery, Port Harcourt Refining Company and other refineries expected to come onstream in Nigeria will not reduce fuel prices in the country. This is according to the Group Chief Executive Officer of Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, during

June 2, 2023

NNPCL Denies Inflating Fuel Subsidy Payments

Business·Oil & Gas

Buhari’s Gov’t Didn’t Pay For Subsidy In 2022, 2023 – NNPC’s Kyari Reveals

The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has disclosed that the immediate past president, Muhammadu Buhari, didn’t pay for subsidies in 2022 and the first half of 2023. Kyari said Buhari budgeted N6.3

June 2, 2023

Tinubu To Meet APC NWC, N’Assembly Members-elect Sunday

Business·Insights

New Report Shows Number Of People That Watched Tinubu Take Oath Dropped Significantly During Speech

The Presidential inauguration of Bola Tinubu increased the number of viewers recorded by local television stations on Monday. According to a Prime Business Africa survey, using YouTube channels of Arise TV, Channels TV, AIT, LTV, NTA, Silverbird, News Central, TVC, an average

June 2, 2023

Business·Markets

Investors Trade N5.72bn Shares, Stock Market Cap Hit N30.38trn

On Thursday, the market capitalisation of the Nigerian stock exchange closed at N30.38 trillion, with the All-Share Index settling at 55,808.25 ASI. Investors exchanged N5.72 billion in 7,725 deals to trade 390.21 billion shares on Thursday. Top five gainers Conoil’s share appreciated

June 1, 2023

Customers To Get More Benefits As 9mobile Updates Its ‘MoreBusiness ComboPak’

Business·Technology

LinkedIn Ranking: 9mobile Emerges Top 25 Best Workplaces in Nigeria

9mobile, Nigeria's innovative and customer-friendly telecommunications company, has been ranked among the 25 Best Workplaces in Nigeria

June 1, 2023

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Currency

Dollar, Pound, Euro Rates Fall 3 Days Straight In Black Market

The dollar rate in the Bureau De Change of the black market fell by N15.4 kobo on Thursday morning, as foreign exchange traders transacted the United States currency at a rate of N734.6/$1. The day before, the naira exchanged for the dollar

June 1, 2023

Business·Oil & Gas

Full Deregulation Of Downstream Oil Sector’ll End Petrol Crisis -IPMAN

With the incessant scarcity and hike in prices of petroleum products in Nigeria, the only antidote is full deregulation of the downstream oil and gas subsector to encourage more private sector participation in order to boost local production and supply. This was

June 1, 2023

NNPC Refutes Viral Claims That Its Fuel Does Not Last

Business·Oil & Gas

IPMAN Lists Three Reasons Fuel Prices Rose From N189 To N500/Litre

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has listed three reasons the costs of Premium Motor Spirit (PMS), also known as fuel, has to be above N500 per litre. According to the Deputy President of Zarama Mustapha, the Nigerian National Petrol

June 1, 2023

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business

Updated: Naira Devaluation Fake News – CBN Denies Increasing Dollar Rate To N631

The Central Bank of Nigeria (CBN) has denied a report that the naira has been devalued after a media outlet reported that the official dollar rate had been increased to N631. A report on Thursday claimed that the CBN increased the dollar

June 1, 2023

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

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Business - Page 494

Naira Appreciates Against Dollar, Trades At N1,477 Per USD

President Tinubu’s Fuel Subsidy Pill – The Questions

Kyari Says Dangote, Port Harcourt Refineries Will Not Drop Fuel Price

Buhari’s Gov’t Didn’t Pay For Subsidy In 2022, 2023 – NNPC’s Kyari Reveals

New Report Shows Number Of People That Watched Tinubu Take Oath Dropped Significantly During Speech

Investors Trade N5.72bn Shares, Stock Market Cap Hit N30.38trn

LinkedIn Ranking: 9mobile Emerges Top 25 Best Workplaces in Nigeria

Dollar, Pound, Euro Rates Fall 3 Days Straight In Black Market

Full Deregulation Of Downstream Oil Sector’ll End Petrol Crisis -IPMAN

IPMAN Lists Three Reasons Fuel Prices Rose From N189 To N500/Litre

Updated: Naira Devaluation Fake News – CBN Denies Increasing Dollar Rate To N631

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

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Naira Appreciates Against Dollar, Trades At N1,477 Per USD

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Dollar Trades Flat In Black Market, Appreciates In Official Window

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Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

Adamawa Governor Pardons Death Row Farmer Sunday Jackson After 11 Years

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Business - Page 494

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