OPEC Predicts High Oil Demand In 2024
OPEC outlined roles for economic growth in 2024, expecting a surge in global oil demand by 2.2 million barrels per day (mb/d) year-on-year (y-o-y).
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Emmanuel Ochayi
Naira Gains Against Dollar At N872/$ With Increased Forex Turnover
Nigerian Naira strengthened against the US Dollar, marking a 1.52% gain and closing at N872.59 to a dollar on the first trading day post-Christmas.
Emmanuel Ochayi
Emefiele: CBN Investigator Summons Lemo Over Alleged Irregular Union Bank Acquisition
In a turn of events, the Office of the Special Investigator, led by Jim Obazee, has summoned Babatunde Lemo, the Chairman of Titan Trust Bank (TTB), regarding the acquisition of Union Bank
Naira Depreciates To N1,233/$ In Parallel Market, Registers Tepid Movement Across Forex Platforms
In the currency exchange market's dynamics, the Naira traded N1,233 against the US dollar at the parallel market on Monday, as affirmed by Bureau de Change (BDC) operators.
Nigeria Faces N289.6bn Oil Revenue Dip In November; Minister Stresses Production Goals, OPEC Commitment
In a disclosure by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigeria experienced a significant setback in crude oil production, leading to a loss of about N289.6 billion in revenue for November 2023.
Fuel Subsidy: SERAP Sues NNPCL Over Nigeria’s Oil Revenue Secrecy
SERAP has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL) over the alleged failure to disclose crucial financial details since the removal of petrol subsidy in May 2023.
Expert Urges Strong Financial Institutions For Economic Growth
Arshad Rab, Chairman of the International Council of Sustainability Standards, emphasizes the pivotal role of finance in transforming Nigeria’s economy. Speaking at the Nigeria Sustainability Summit 2023, Rab highlighted the indispensable role
Naira Devaluation Has Caused ‘Japa’ Tsunami Among Lecturers – UNILAG VC
The Vice-Chancellor of the University of Lagos, Prof. Folashade Ogunsola, has disclosed that the exchange rate of the naira to the dollar has so devalued the salaries of university workers that most
Victor Ezeja
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Moghalu Criticizes ‘Media Trial’ Of Godwin Emefiele, Stresses Caution Amid Fraud Allegations
Former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has stepped forward to condemn what he termed a “media trial” surrounding the allegations against ex-CBN chief Godwin Emefiele. Emefiele
Unified Exchange Rate Drives N1.36trn Revenue Gains For States- FAAC
In a financial revelation reshaping the economic landscape, Nigeria’s adoption of a unified exchange rate has led to a surge in foreign exchange gains, soaring to N1.36 trillion within six months. The
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