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Finance & Economy - Page 100

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

President Tinubu has nominated new chief executives for Nigeria’s petroleum regulatory agencies following the resignation of the heads of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), developments that come amid intense controversy

December 18, 2025

Business·Currency

Nigeria’s FX Allocation To Foreign Education Drops By 83% Amid Enrolment Decline

Nigeria’s FX allocation to foreign education has dropped amid decline in enrolment of international students, especially in the United Kingdom universities. The latest Central Bank of Nigeria (CBN) statistical bulletin revealed that Nigerians spent $38.17 million on overseas schooling in the first

July 25, 2024

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 25th July 2024

What is the Dollar to Naira Exchange rate at the black market, like the Aboki FX? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN) in the parallel market, especially the Aboki fx as of 25th July 2024 is

July 25, 2024

Business·News·Oil & Gas

Dangote Refinery: NNPC Boss Denies Owning Blending Plant In Malta

Group Chief Executive Officer of the Nigeria National Petroleum Company Limited (NNPCL), Mele Kyari, has said he does not own a blending plant in Malta and does not know any employee of NNPCL who owns or operates such facility outside the country.

July 24, 2024

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 24th July 2024

July 24, 2024

Capital Importation: Banking Sector Records Highest Inflow In Q3 2024

Business·Finance & Economy·News

Nigeria’s External Reserves Rise To $37bn, Gain $2.35bn In 18 Days

Nigeria’s external reserves have increased to $37.05 billion as of July 18, 2024. This amounts to $2.35 billion or 6.7 per cent increase from $34.70 billion in June 2024. This was revealed by the Central Bank of Nigeria (CBN), Dr Olayemi Cardoso,

July 23, 2024

Finance & Economy·News

CBN Raises Benchmark Interest Rate To 26.75% Amid Soaring Inflation

The Central Bank of Nigeria’s (CBN) monetary policy committee has increased the benchmark interest rate, known as the Monetary Policy Rate (MPR), from 26.25 per cent to 26.75 per cent. This was announced by the CBN Governor, Dr Olayemi Cardoso, at the

July 23, 2024

Oil & Gas·Opinion

Nigerian Govt Welcomes Endless Fuel Importation

On 19th July 2024, news emerged that the Federal Government said that Nigeria would continue to import refined petroleum products to ensure that Dangote Refinery did not have a monopoly that could affect the country in the long run. Farouk Ahmed, said

July 23, 2024

Currency·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 23rd July 2024

July 23, 2024

Business·News·Oil & Gas

Minister Wades Into Dangote, NMDPRA Boss Fuel Dispute

Nigeria’s Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, has intervened in the dispute between Dangote Refinery’s management and some key stakeholders in the oil and gas sector which has affected operations of the refinery lately. Lokpobiri on Monday, convened a

July 22, 2024

Nigerian Govt Spends More On Debt Servicing Than Capital Expenditure, Personnel Costs, In Q1 2024

Finance & Economy·News

Nigeria Spends More On Debt Servicing Than Capital Expenditure, Personnel Costs In Q1

The Federal Government spent more on debt servicing than on capital expenditures and personnel costs in the first quarter (Q1) of 2024. This means approximately 74 per cent of the Federal Government’s retained revenue was spent on servicing debts in Q1 2024.

July 22, 2024

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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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Finance & Economy - Page 100

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

Nigeria’s FX Allocation To Foreign Education Drops By 83% Amid Enrolment Decline

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 25th July 2024

Dangote Refinery: NNPC Boss Denies Owning Blending Plant In Malta

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 24th July 2024

Nigeria’s External Reserves Rise To $37bn, Gain $2.35bn In 18 Days

CBN Raises Benchmark Interest Rate To 26.75% Amid Soaring Inflation

Nigerian Govt Welcomes Endless Fuel Importation

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 23rd July 2024

Minister Wades Into Dangote, NMDPRA Boss Fuel Dispute

Nigeria Spends More On Debt Servicing Than Capital Expenditure, Personnel Costs In Q1

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Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

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

Former Delta North Senator Peter Nwaoboshi Dies After Sudden Collapse in Abuja

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