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Finance & Economy - Page 107

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

I’m Ready To Lose Money To Give Nigerians Cheap Fuel – Dangote

Business·News·Oil & Gas

Dangote Refinery Sets New Date For Petrol Sales To Marketers

Dangote Group has said it would begin sales of Premium Motor Spirit (PMS), also known also petrol, to marketers from August this year. Chairman of Dangote Group, Aliko Dangote, disclosed this to journalists in Lagos on Sunday. Prime Business Africa reports that

July 15, 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, 14th July 2024

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN) in the black market, also known as the parallel market

July 14, 2024

Business·Currency·News

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

In an effort to foster stability and lessen market volatility, the Central Bank of Nigeria (CBN) has again intervened in the foreign exchange (forex) market, selling a total of $122.67 million to 46 authorised Bureau De Change operators. Prime Business Africa reports

July 13, 2024

Business·News·Oil & Gas

Why No Plan To Withdraw Dormant Refining Licences – Nigerian Govt

Government’s Stance on Dormant Refining Licences The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has stated it has no current plans to withdraw refining licences awarded to companies that have yet to build their refineries. This clarification comes in response to

July 11, 2024

Capital Importation: Banking Sector Records Highest Inflow In Q3 2024

Currency·Finance & Economy·News

Nigeria’s Foreign Reserves Hit $35.05bn, Highest Since Tinubu Assumed Office

Nigeria’s foreign reserves on Wednesday, surged to $35.05 billion being the highest since President Bola Tinubu assumed office last year. This is data according to data obtained from the Central Bank of Nigeria (CBN) website. Prime Business Africa reports that the last

July 11, 2024

Business·FEATURES·Finance & Economy·News

Nigeria To Repay $30bn For $2.5bn IMF Loan – See Why And How

As Nigeria secures $2.5 billion loan from the International Monetary Fund (IMF) to meet its financial needs, there are concerns that the country might end up repaying the loan with as much as $30 billion. Prime Business Africa reports that the Minister

July 10, 2024

NNPC Seeks New $2 Billion Oil-Backed Loan To Boost Finances

Business·News·Oil & Gas

NNPCL Seeks New $2bn Oil-Backed Loan To Boost Finances

NNPCL’s Ongoing Financial Strategies The Nigerian National Petroleum Company Limited (NNPCL) is negotiating a new oil-backed loan to strengthen its finances and support its business activities, according to Mele Kyari, Group Chief Executive Officer of NNPCL. The company aims to raise at

July 10, 2024

CPPE Highlights Why Nigerian Govt Should Review Customs FX Rate For Cargo Clearance

Finance & Economy

Customs Exchange Rate For Import Duties Rises To N1,550/$1

The exchange rate for customs duties collection has increased from N1,512/$ to N1,550/$1 in about 48 hours. This reflects N38 or 2.5 per cent increase when compared to the previous rate. The Customs exchange rate for import duties last week, increased from

July 10, 2024

Business·Finance & Economy

Recapitalisation: Now Is Perfect Time To Invest In Nigeria – GTCO CEO

Group Chief Executive Officer of Guaranty Trust Holding Company Plc (GTCo), Segun Agbaje, has asserted that looking at the economic situation in Nigeria, it is the perfect time to make investments in the country. He said the Central Bank of Nigeria’s monetary

July 9, 2024

Business·News·Oil & Gas

NNPC Attributes Fuel Queues To Logistics Disruption, Weather Conditions

Logistics Chain Disruptions The Nigerian National Petroleum Corporation (NNPC) Ltd has addressed the recent fuel queues observed in the Federal Capital Territory (FCT) and other parts of Nigeria. According to a statement issued on Monday by Chief Corporate Communications Officer Olufemi Soneye,

July 9, 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 107

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

Dangote Refinery Sets New Date For Petrol Sales To Marketers

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 14th July 2024

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

Why No Plan To Withdraw Dormant Refining Licences – Nigerian Govt

Nigeria’s Foreign Reserves Hit $35.05bn, Highest Since Tinubu Assumed Office

Nigeria To Repay $30bn For $2.5bn IMF Loan – See Why And How

NNPCL Seeks New $2bn Oil-Backed Loan To Boost Finances

Customs Exchange Rate For Import Duties Rises To N1,550/$1

Recapitalisation: Now Is Perfect Time To Invest In Nigeria – GTCO CEO

NNPC Attributes Fuel Queues To Logistics Disruption, Weather Conditions

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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

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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 107

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