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Finance & Economy - Page 102

Venezuela Says U.S. Oil Sales Proceed Commercially as Revenues Climb Into Billions

Venezuela’s interim president, Delcy Rodríguez, has defended recent crude oil sales to the United States as strictly commercial transactions conducted through the state oil company, Petróleos de Venezuela, S.A. (PDVSA), insisting that pricing mechanisms follow international norms and that proceeds are being

February 13, 2026

Agro-Economy·News

Soludo Moves To Tackle Hunger With Farm-to-feed Campaign In Anambra

Anambra State governor, Prof. Chukwuma Soludo, has launched an agricultural campaign tagged “farm to feed” with the goal of boosting food production to tackle the menace of hunger. While performing the campaign flag off at a farm in Amansea, Awka North Local

August 7, 2024

Weak Naira: CBN Sells $543.5m To Boost FX Market

Business·Currency·News

CBN FX Retail Auction: How 26 Banks Got $876.26m At N1,495/$

The Central Bank of Nigeria (CBN) has announced that it sold a total of US$876.26 million to end users using Retail Dutch Auction System (RDAS). It said the transaction was done by mandating authorised dealer banks to submit bids using an approved

August 7, 2024

Business·News·Oil & Gas

Dangote-Regulator Face-off: We Didn’t Sabotage Any Refinery – NNPCL Boss

The Group Chief Executive Officer of the Nigeria National Petroleum Company Limited (NNPCL), Mr. Mele Kyari has said the company has not sabotaged any domestic refinery. He said the national oil company has not breached any law guiding its dealings with partners,

August 7, 2024

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

Business·Currency·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 7th August 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 7th August 2024 is

August 7, 2024

How Nigeria’s External Reserves Rose By 5.6% To $38.8bn In 2024 — CBN

Business·Finance & Economy·News

Unity, Providus Banks Merger Will Avert Systemic Risks, Boost Financial System – CBN

The Central Bank of Nigeria (CBN) has said the proposed merger between Unity Bank and Providus Bank Limited will help avert systemic risks and boost the stability of Nigeria’s financial system. The CBN on Tuesday, 6th August 2024, announced that it has

August 7, 2024

Naira vs Dollar: What To Expect This Week (24th-30th, March 2025)

Business·Currency

Naira Appreciates Against Dollar At Official Market

The Naira on Tuesday, 6 August, further appreciated at the official market, trading at N1601 to the dollar. According to data from the FMDQ Securities and Exchange, the official trading platform of the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira gained

August 6, 2024

NGX ASI Further Drops By 0.67%, As BUA Cement, Eterna Among Top Losers

Finance & Economy·Markets

NGX ASI Further Drops By 0.67%, BUA Cement, Eterna Among Top Losers

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation further declined by 0.67 per cent at the close of stock market trading on Tuesday, 6th August 2024. This reflects about N371 billion loss. The market opened the week on

August 6, 2024

Business·Currency·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 6th August 2024

August 6, 2024

Recapitalization: Banks In Last Lap To Meet Deadline

Business·Finance & Economy

Private Jet, Windfall Tax And New Capital Base For Banks

The banking industry is always in the news for many reasons, but the last one week has offered enough to fill newspaper pages. While the government wants the banks to pay tax on the excess profits they made last year, a bank

August 6, 2024

News·Oil & Gas

NNPCL Exports 950,000 Barrels Cargo Of New Crude Oil Grade To Europe

A new crude oil grade called Utapate has been unveiled to the global market by the Nigerian National Petroleum Company Limited (NNPCL). The first cargo of 950,000 barrels of the Utapate crude oil mix was exported to Spain in July from Oil

August 6, 2024

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Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

U.S. President Donald Trump has threatened to impose 100 per

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Nigeria’s customs authority has introduced new rules for courier companies

Behind the Geregu Power Sale: Politics and a $750m Deal

The sale of Geregu Power, one of Nigeria’s largest electricity

Recapitalisation: UBA Extends Deadline For Rights Issue

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

United Bank for Africa (UBA) has successfully concluded its rights

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Finance & Economy - Page 102

Venezuela Says U.S. Oil Sales Proceed Commercially as Revenues Climb Into Billions

Soludo Moves To Tackle Hunger With Farm-to-feed Campaign In Anambra

CBN FX Retail Auction: How 26 Banks Got $876.26m At N1,495/$

Dangote-Regulator Face-off: We Didn’t Sabotage Any Refinery – NNPCL Boss

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 7th August 2024

Unity, Providus Banks Merger Will Avert Systemic Risks, Boost Financial System – CBN

Naira Appreciates Against Dollar At Official Market

NGX ASI Further Drops By 0.67%, BUA Cement, Eterna Among Top Losers

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 6th August 2024

Private Jet, Windfall Tax And New Capital Base For Banks

NNPCL Exports 950,000 Barrels Cargo Of New Crude Oil Grade To Europe

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Senate U-Turn or Smoke Screen? Loopholes in Electoral Reform Persist

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U.S. Energy Secretary Wright Visits Caracas to Boost Venezuela Energy Ties

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Chinese Embassy Denies U.S. Allegations of Illegal Mining, Terror Funding in Nigeria

Dollar Rate Drops To N1,404/$ In Black Market, Rises To N1,355/$ In Official Window

Ramadan Clash: Bashir Ahmad Urges INEC to Review 2027 General Election Dates

NGX Market Cap Rises By N2.36trn To N117trn

Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Behind the Geregu Power Sale: Politics and a $750m Deal

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

Chinese Embassy Denies U.S. Allegations of Illegal Mining, Terror Funding in Nigeria

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Finance & Economy - Page 102

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