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Finance & Economy - Page 119

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

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

Currency·Finance & Economy

CBN Raises Customs FX Rate For Import Duties By 19.43% In 1 Week As Naira Depreciates

CBN has increased the foreign exchange (FX) rate for calculating Customs duties by 19.43 per cent in one week following the recent depreciation of the naira in the forex market.

April 30, 2024

Business·News·Oil & Gas

Fuel Scarcity: We’ve Adequate Stock, NNPCL, Marketers Assure, Promise To Clear Queues By Wednesday

Amid the raging fuel scarcity in parts of Nigeria, the Nigerian National Petroleum Company Limited (NNPCL), and the Major Energies Marketers Association of Nigeria (MEMAN) have assured that there is adequate stock of Premium Motor Spirit (PMS) also known as petrol for

April 30, 2024

Moghalu Highlights How Trump’s Presidency Will Affect African Economies

Currency·Finance & Economy

Forex Crisis: Let’s Deal With Real Issues Of Boosting Production To Stabilise Naira – Moghalu

Prof. Kingsley Moghalu, has urged the Nigerian government to focus on dealing with real issues affecting production in the country to achieve stability of the naira.

April 30, 2024

Fuel Price Chaos: From N195 To N1,200 In Less Than 2years Amid Economic Hardship

Business·News·Oil & Gas

Fuel Scarcity: Queues, Hikes in Transport Fares Return As Petrol Near N1000/litre

Petrol queues, crowded bus stops, traffic, and hikes in transport fares have returned to most states in Nigeria, with residents resorting to buying petrol in jerrycans, fondly referred to as ‘kegs’ as black market prices soar towards N1000 per litre due to

April 30, 2024

Oil & Gas·Opinion

Tinubu’s Lingering Fuel Subsidy Argument: Some Ordinary Man’s Questions

At the World Economic Forum in Riyadh, Saudi Arabia, Sunday, Nigeria’s President, Bola Tinubu, argued that subsidy removal saved Nigeria from bankruptcy. Continued payment of subsidy by government would have impoverished the country, according to Tinubu

April 29, 2024

Business·Oil & Gas

NNPC Not Giving Accurate Information About PH Refinery Rehabilitation – Expert

Petroleum engineer, Mr Martin Onovo, has alleged that the Nigeria National Petroleum Company Limited (NNPCL) has not been providing accurate information about the status of ongoing rehabilitation of the Port Harcourt refinery. His comment comes amid worries expressed by Nigerians over the

April 29, 2024

Buhari, Jonathan, Shettima Others Celebrate Tinubu At 73

Business·News·Oil & Gas

How Fuel Subsidy Removal Saved Nigeria From Bankruptcy- Tinubu

President Bola Tinubu has defended his administration’s decision to discontinue fuel subsidy payments, stating that it was a necessary action to prevent Nigeria from going bankrupt. Speaking at the Special World Economic Forum in Riyadh, Saudi Arabia, Tinubu acknowledged that the policy

April 29, 2024

Business·News·Oil & Gas

Why SERAP sues NNPC Over Failure To Account For $2.04 billion, N164 billion In Oil Revenues

The Socio-Economic Rights and Accountability Project (SERAP) is filing a lawsuit against the Nigerian National Petroleum Corporation (NNPC) over the company’s inability to clarify and account for the missing $2.04 billion and N164 billion alleged missing oil revenue. According to SERAP, the

April 28, 2024

Finance & Economy

Garri Price Hits Rooftop In Nigeria As Cassava Production Dwindles

Garri which is one of the popular staple foods in Nigeria produced from cassava, has become unaffordable to many, especially the low-income earners as the price keeps soaring every day.

April 27, 2024

NMDPRA: Nigerian Govt Will Not Fix Price For Petroleum Products From Dangote Refinery, Pushes CNG Expansion

Business·News·Oil & Gas

Dangote Refinery: How Forex Shortage Is Delaying Crude Supplies

The $20 billion refinery project in Nigeria, the brainchild of Africa’s richest man, Aliko Dangote, is having payment problems, which is delaying the discharge of crude oil shipment from Chinese state energy giant PetroChina. Since March 28, two million barrels of West

April 26, 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 119

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

CBN Raises Customs FX Rate For Import Duties By 19.43% In 1 Week As Naira Depreciates

Fuel Scarcity: We’ve Adequate Stock, NNPCL, Marketers Assure, Promise To Clear Queues By Wednesday

Forex Crisis: Let’s Deal With Real Issues Of Boosting Production To Stabilise Naira – Moghalu

Fuel Scarcity: Queues, Hikes in Transport Fares Return As Petrol Near N1000/litre

Tinubu’s Lingering Fuel Subsidy Argument: Some Ordinary Man’s Questions

NNPC Not Giving Accurate Information About PH Refinery Rehabilitation – Expert

How Fuel Subsidy Removal Saved Nigeria From Bankruptcy- Tinubu

Why SERAP sues NNPC Over Failure To Account For $2.04 billion, N164 billion In Oil Revenues

Garri Price Hits Rooftop In Nigeria As Cassava Production Dwindles

Dangote Refinery: How Forex Shortage Is Delaying Crude Supplies

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Behind the Geregu Power Sale: Politics and a $750m Deal

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

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

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Finance & Economy - Page 119

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