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Finance & Economy - Page 106

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

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

Energy, Exchange Rate, Transportation Top Three Drivers Of Inflation In Nigeria - CBN Survey

Business·Finance & Economy·News

‘Why CBN Should Not Raise Interest Rate’ As MPC Meets

The Central Bank of Nigeria (CBN) has been advised to suspend further hike of the benchmark interest rate because of the impact on the economy. This comes as the CBN Monetary Policy Committee (MPC) holds its 296th meeting today, Monday, 22 July,

July 22, 2024

Dangote Refinery: Fueling Nigeria's Economic Resurgence or Monopoly Menace?

Oil & Gas·Opinion

Dangote Refinery: From Production Delays To Threat Of Sale

This looks like a choreography of controversy! Despite being conceived in 2013, when it was billed to cost $9 billion, Dangote Refinery construction did not start until 2017. The initial target for oil refining to begin was 2016, but as of July

July 22, 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, 22nd July 2024

What is the Dollar to Naira Exchange rate at the black market, especially Aboki dollar to naira today? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN) in the black market, especially Aboki dollar to naira today, 22nd July

July 22, 2024

Why We Resort To Importing Crude From U.S. – Dangote

Business·News·Oil & Gas

Dangote Counters NMDPRA’s Inferior Diesel Allegations, Invites Regulators To Test Refinery’s Products

Chief Executive Officer (CEO) of Dangote Refinery, Aliko Dangote, has refuted allegations by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) that the refinery is producing inferior quality diesel. Dangote, who spoke with newsmen on Saturday, insisted that products from the

July 21, 2024

Business·News·Oil & Gas

Nigerian Troops Recover Over 700,000 Stolen Crude Oil In Major Operation

Troops Seize Over 700,000 Litres of Crude Oil In a significant crackdown on oil theft, Nigerian troops have recovered 715,325 litres of stolen crude oil and 148,415 litres of illegally refined diesel in the Niger Delta region. This operation, aimed at curbing

July 20, 2024

Petrol Landing Cost Price Now At N1,117/litre, MEMAN Reveals

Business·News·Oil & Gas

Petrol Landing Cost Now N1,117/litre, MEMAN Reveals

MEMAN Unveils Real Cost of Petrol The Major Energies Marketers Association of Nigeria (MEMAN) announced on Wednesday that the landing cost of Premium Motor Spirit (PMS), commonly known as petrol, stood at N1,117 per litre as of Tuesday, July 16, 2024. This

July 18, 2024

Business·News·Oil & Gas

TotalEnergies Sells Onshore Oil Asset In Nigeria To Chappal Energies For $860m

TotalEnergies has signed a Share Purchase Agreement (SPA) with Mauritius-based energy firm, Chappal Energies, to sell its minority interest in a Nigerian onshore oil joint venture for $860 million. The French energy group announced this in a statement released on Wednesday, 17

July 17, 2024

Nigeria's Crude Oil Production Decline Costs Country N720bn In Revenue In 2 Months

Business·News·Oil & Gas

Nigeria’s Oil Prices Trades At $90 Amid Global Economic Shifts

Nigeria’s Oil Prices Stay Strong Nigeria’s Brass River, Bonny Light, and Qua Iboe crude oils are trading above $90 per barrel, higher than the current Brent benchmark. Economic downturns influence this in China and concerns over U.S. Federal Reserve interest rate changes.

July 17, 2024

Business·FEATURES·Oil & Gas

Top 10 African Countries With Highest Fuel Prices In July 2024

Many African countries grapple with high cost of fuel which is caused by a combination of global and local factors. At the heart of it is global oil price dynamics. The cost of crude oil on the international market significantly affects fuel

July 15, 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 106

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

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

‘Why CBN Should Not Raise Interest Rate’ As MPC Meets

Dangote Refinery: From Production Delays To Threat Of Sale

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 22nd July 2024

Dangote Counters NMDPRA’s Inferior Diesel Allegations, Invites Regulators To Test Refinery’s Products

Nigerian Troops Recover Over 700,000 Stolen Crude Oil In Major Operation

Petrol Landing Cost Now N1,117/litre, MEMAN Reveals

TotalEnergies Sells Onshore Oil Asset In Nigeria To Chappal Energies For $860m

Nigeria’s Oil Prices Trades At $90 Amid Global Economic Shifts

Top 10 African Countries With Highest Fuel Prices In July 2024

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

Opinion: Why Afreximbank’s Break with Fitch Exposes a Deeper Rift

Political Heavyweights Visit El-Rufai, Call for Respect for Rule of Law

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

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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 106

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