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Finance & Economy - Page 116

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

Opinion·Personal Finance

Japa: Why Nigerian Youths Need Vital Skills For Better Global Opportunities

Nigeria’s unemployment rate has risen to 5 per cent, according to data released by the National Bureau of Statistics (NBS) recently. This no doubt, accounts for why many Nigerian youths have continued to leave the country

May 15, 2024

Finance & Economy

Nigeria’s Inflation Hits 33.69% In April As Costs Of Food, Others Continue To Rise

Nigeria’s headline inflation rate increased to 33.69 percent in April 2024, recording a 27-year high. This upward spiral which is for the 18th straight month, reflects a 0.49 per cent increase when compared to March 2024

May 15, 2024

CBN Raises Benchmark Interest Rate To 26.75% Amid Soaring Inflation

Finance & Economy·Opinion

CBN Governor And Waste Of Economic Terms

Recently during a Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) in March 2024, the CBN governor, Olayemi Cardoso, said that government’s large-scale purchase of foodstuff as palliatives is contributing to the country’s rising food inflation

May 15, 2024

Capital Importation: Banking Sector Records Highest Inflow In Q3 2024

FEATURES·Finance & Economy

Top 6 African Countries With Highest Foreign Reserves In 2024

Foreign reserves also known as forex or FX reserves are assets of a country held in form of foreign currencies, bonds, treasury bills and other government securities.

May 13, 2024

Business·News·Oil & Gas

NNPC E&P, NOSL Begin Oil Production In Akwa Ibom OML 13, Target 40,000 bpd By Month End

NNPC E&P and Natural Oilfield Services Ltd, a subsidiary of Sterling Oil Exploration & Energy Production Company Ltd. (SEEPCO), have begun oil production at Oil Mining Lease (OML) 13 in Akwa Ibom State.

May 13, 2024

Labour·News

Abia NLC Orders Workers Not To Partake In States ‘s Online Verification of Workers

Abia State chapter of the Nigeria Labour Congress (NLC) has issued an order to workers in the state not to partake in the online verification exercise being organized by the state government.

May 13, 2024

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

Business·Currency·News

Naira Continues Depreciation, Nears ₦1,500/$1 At Black Market

Nigerian currency the naira continued depreciation in the foreign exchange market last week, closing trading at almost ₦1,500 at the parallel market.

May 11, 2024

Africa·Real Estate

Nigeria’s Minister, Dangiwa, Seeks Collaboration Between Shelter Afrique, UN-Habitat To Tackle Housing Crisis In Africa

Nigeria’s Minister of Housing and Urban Development Arc. Ahmed Musa Dangiwa, has called for a strategic partnership between Shelter Afrique Development Bank (ShafDB) and UN-Habitat

May 10, 2024

The Central Bank of Nigeria (CBN) has revealed that the Federal Government spent $1.12 billion on foreign debt service in the first quarter (Q1) of 2024.

Finance & Economy·News

Nigerian Govt Spends $1.12bn On External Debt Service In Q1

The Central Bank of Nigeria (CBN) has revealed that the Federal Government spent $1.12 billion on foreign debt service in the first quarter (Q1) of 2024. According to data from the CBN, Nigeria recorded a total of $1.61 billion in outflows in

May 10, 2024

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

Business·News·Oil & Gas

NNPC: Nigerian Govt Plans Fresh Audit On N2.7tn Fuel Subsidy Claims

The Nigerian National Petroleum Company Limited (NNPCL) is under scrutiny once again as the Federal Government gears up for an audit of the N2.8 trillion fuel subsidy claims. This move comes in the wake of previous audits that slashed initial claims from

May 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 116

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

Japa: Why Nigerian Youths Need Vital Skills For Better Global Opportunities

Nigeria’s Inflation Hits 33.69% In April As Costs Of Food, Others Continue To Rise

CBN Governor And Waste Of Economic Terms

Top 6 African Countries With Highest Foreign Reserves In 2024

NNPC E&P, NOSL Begin Oil Production In Akwa Ibom OML 13, Target 40,000 bpd By Month End

Abia NLC Orders Workers Not To Partake In States ‘s Online Verification of Workers

Naira Continues Depreciation, Nears ₦1,500/$1 At Black Market

Nigeria’s Minister, Dangiwa, Seeks Collaboration Between Shelter Afrique, UN-Habitat To Tackle Housing Crisis In Africa

Nigerian Govt Spends $1.12bn On External Debt Service In Q1

NNPC: Nigerian Govt Plans Fresh Audit On N2.7tn Fuel Subsidy Claims

Featured Stories

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

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Inside Nigerian Breweries Turnaround: How Slashing Borrowing Costs Ended Two-Year Losing Streak

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

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

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Finance & Economy - Page 116

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