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Finance & Economy - Page 117

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

President Tinubu has nominated new chief executives for Nigeria’s petroleum regulatory agencies following the resignation of the heads of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), developments that come amid intense controversy

December 18, 2025

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

Business·Finance & Economy·News

CBN Explains $950m Drop In External Reserves In 17 Days

Nigeria’s Central Bank, CBN, shed light on the drop of $950 million in the nation’s external reserves over 17 days, marking a notable economic shift in the country. According to recent data from the CBN, the country’s foreign exchange reserves declined from

April 8, 2024

Oil Prices Surge Amid Middle East Conflict Fears, Brent Crude Nears $80 Per Barrel

Markets·News·Oil & Gas·World News

Iran-Israeli Crisis: Crude Oil Prices Surged Beyond $90 Per Barrel

Crude oil prices have surged beyond $90 a barrel, riding on the wave of escalating global tensions. Analysts attribute the spike to apprehensions surrounding potential supply disruptions, primarily fueled by the ongoing conflict between Israel and Iran. “Geopolitical tensions are driving the

April 8, 2024

Exchange Rate For Customs Cargo Clearance Declines To N12go/$1 As CBN's Reforms Stabilize Forex Market

Business·Finance & Economy·Markets·News

Exchange Rate For Customs Cargo Clearance Declines To N1260/$1 As CBN’s Reforms Stabilize Forex Market

The exchange rate for Nigeria Customs Services’ cargo clearance has plunged, now standing at N1260.49/$ compared to N1330/$ in recent days. This drop of approximately N70 per clearance is a testament to the strengthening position of the naira in the foreign exchange

April 5, 2024

Africa·Currency·News·World News

Zimbabwe Changes Currency To ZiG Amidst Currency Woes

Zimbabwe has taken a step towards stabilizing its currency woes by announcing the launch of a new currency called ZiG. The move, set to be implemented on April 8, 2024, aims to address the country’s longstanding struggle with hyperinflation and currency depreciation.

April 5, 2024

Nigeria's Food Crisis: Corruption, Mismanagement To Blame?

Business·Finance & Economy·News

Lagos Govt To Regulate Soaring Prices Of Food- Commissioner

In a bid to address the persistent surge in food prices, Lagos State Commissioner of Agriculture, Miss Abisola Olusanya, emphasized the importance of enforcing regulations on food prices within the state. Speaking at the International Day of Forests event held at the

April 4, 2024

Business·Finance & Economy·News

Customs Revenue Collection Rises By 122.35% To N1.3trn In Q1 2024

Nigeria Customs Service’s revenue collection increased by 122.35 per cent to N1.3 trillion in the first quarter of 2024 against N606.1 billion it collected in first quarter (Q1) of 2023.

April 4, 2024

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

Business·Currency·News

Naira Sustains Trading Below N1,300/$1 For Second Day In Months

The Nigerian Naira has continued appreciation, trading below N1,300/$1 for the second day after months at both official and parallel foreign exchange markets windows.

April 4, 2024

Customs Exchange Rate For Cargo Clearance Drops By 5.3% In 1 Week

Business·Finance & Economy

Customs FX Rate For Cargo Clearance Drops By 5.3% In 1 Week

The Customs exchange rate for calculating import duty at Nigeria’s ports has further dropped by 5.3 per cent in the last one week.

April 3, 2024

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

Business·Markets·News·Oil & Gas

Nigerian Crude Oil Trades At $92 Per Barrel, $14 Higher Than FG Budget Benchmark Amid Global Supply Concerns

Nigerian crude oil continues to hold its premium status in the global market, trading higher than the Federal Government’s budget benchmark as investors remain wary of supply disruptions. With recent attacks on Russian refineries by Ukraine and escalating tensions in the Middle

April 3, 2024

Kaduna Refinery: The Role Of Local Refining In Nigeria's Fuel Economy

Business·Oil & Gas

Prices Set To Crash As Dangote Refinery Begins Supply Of Diesel To Marketers

Indications have emerged that Dangote Refinery’s commencement of of supply of diesel to marketers will lead to a crash in the price of the commodity.

April 3, 2024

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Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

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Finance & Economy - Page 117

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

CBN Explains $950m Drop In External Reserves In 17 Days

Iran-Israeli Crisis: Crude Oil Prices Surged Beyond $90 Per Barrel

Exchange Rate For Customs Cargo Clearance Declines To N1260/$1 As CBN’s Reforms Stabilize Forex Market

Zimbabwe Changes Currency To ZiG Amidst Currency Woes

Lagos Govt To Regulate Soaring Prices Of Food- Commissioner

Customs Revenue Collection Rises By 122.35% To N1.3trn In Q1 2024

Naira Sustains Trading Below N1,300/$1 For Second Day In Months

Customs FX Rate For Cargo Clearance Drops By 5.3% In 1 Week

Nigerian Crude Oil Trades At $92 Per Barrel, $14 Higher Than FG Budget Benchmark Amid Global Supply Concerns

Prices Set To Crash As Dangote Refinery Begins Supply Of Diesel To Marketers

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Finance & Economy - Page 117

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