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Finance & Economy - Page 123

Soldiers Clash with FCT Minister Wike Over Disputed Land in Abuja

A tense confrontation unfolded in Abuja on Tuesday as soldiers blocked Federal Capital Territory (FCT) Minister Nyesom Wike from inspecting a disputed parcel of land in the Gaduwa District. The incident, captured on video and widely shared online, has drawn attention to

November 11, 2025

News·Oil & Gas

NNPCL Unveils 36 Oil Block Concessions With Global, Local Partners

The Nigerian National Petroleum Company Limited (NNPCL) has disclosed the concession of 36 oil blocks to international and indigenous oil companies. According to the NNPCL’s latest financial statements, these concessions span deepwater, continental shelf, land, swamp, and partially swamp terrains. Noteworthy blocks

February 4, 2024

Business·Oil & Gas

NNPCL Targets Q1 2024 For Completion Of Warri Refinery Rehabilitation

NNPCL has revealed that it is on track to complete mechanical phase rehabilitation of the Warri Refining and Petrochemical Company (WRPC) in the first quarter of 2024.

February 3, 2024

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

Business·Currency·News

CBN Denies Plans To Convert $30bn Domiciliary Deposits To Naira

The Central Bank of Nigeria (CBN) has denied planning to convert $30 billion deposits in domiciliary accounts in the country to naira. A report in one of the media outlets on Saturday quoted a source as saying that the government plans to

February 3, 2024

CBN Directs IMTOs To Use I&E Window Rate To Convert Diaspora Remittances

Business·Currency

Why CBN Fixed $1m As Capital Requirements For International Money Transfer Operators

Central Bank of Nigeria (CBN) has set the bar high for International Money Transfer Operators (IMTOs) with a fixed minimum share capital requirement of $1 million.

February 3, 2024

CBN Reforms Yielding Positive Returns As FX Transactions Surge To $800m, CBN Gov Assert

Business·Finance & Economy·News

How Currency In Circulation Surged By N890bn In 3 Months Under Cardoso

Nigeria has witnessed a surge in currency in circulation (CIC), with an increase of N890 billion within the short span of three months under the leadership of Governor Cardoso at the Central Bank of Nigeria (CBN). The latest money and credit statistics

February 2, 2024

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Finance & Economy

Naira Depreciation: ‘CBN’s New Measure Will Ease Forex Pressure’

Economic analysts have expressed optimism that the latest policy measures issued by the Central Bank of Nigeria will have a positive impact on the foreign exchange market and the economy in general.

February 1, 2024

Official Market Records Decline In Dollar Rate, Trade Flat In Black Market

Business·Currency·News

Naira Rallies Back, Now N1450/$1 At Black Market As CBN Takes Action

In a turn of events, the exchange rate between the Nigerian naira and the US dollar has reached an unprecedented low, trading at around N1450/$1 on the black market, marking a 37.6% depreciation in just one month. The volatility persists despite the

February 1, 2024

#EndBadGovernance Protests: PDP Criticises Tinubu's Silence, Demands Immediate Response

News·Oil & Gas

Tinubu Orders Resolution Of $1.3bn OML 245 Oil Block Dispute

Tinubu has instructed key government figures and agencies, including the Attorney-General of the Federation, Lateef Fagbemi, and Minister of State for Petroleum Resources, Heineken Lokpobiri, to expedite the resolution of all court cases surrounding the long-standing $1.3bn deepwater OML 245 oil block

February 1, 2024

Why Port Harcourt refinery can’t work this December as promised - Ex-NNPC chief

Business·Oil & Gas

Concerns As Port Harcourt Refinery Test-run Lingers Amid Further Naira Depreciation

The are concerns over the delayed launch of refined products from the Port Harcourt Refining Company.

February 1, 2024

IMF Sympathises With Victims Of Kenya Anti-tax Protest

Finance & Economy

Why IMF Downgraded Nigeria’s Economic Growth Forecast To 3% – Report

The International Monetary Fund (IMF) has adjusted Nigeria’s economic growth forecast for 2024, downgrading it to 3.0% from the previously predicted 3.1%. In its ‘World Economic Outlook Update, January 2024,’ released on Tuesday, the IMF cited weaker oil and gas production as

January 31, 2024

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NGX Set To Lose N60bn As MRS Oil Nigeria Plc Plans To Delist Shares

Nigeria’s Stock Market Suffers Sharpest Slide in 15 Years as Trump Threat, CGT Fears Trigger Massive Sell‑off

Nigeria’s equity market plunged in mid November as a toxic

NGX Sheds ₦1.8 Trillion as Capital Gains Tax Anxiety, Geopolitical Tensions Spike

Nigerian equities have recorded one of their sharpest declines this

Gold, Aluminium Discoveries In Benue Spark Hope for Economic Boom

Benue State has confirmed the presence of commercially significant gold

PMS Market Deregulation Will Boost Supply – Edun

Nigeria’s Eurobond Draws $2.35bn in Unprecedented Global Demand

Nigeria has raised $2.35 billion from its latest Eurobond issuance,

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Finance & Economy - Page 123

Soldiers Clash with FCT Minister Wike Over Disputed Land in Abuja

NNPCL Unveils 36 Oil Block Concessions With Global, Local Partners

NNPCL Targets Q1 2024 For Completion Of Warri Refinery Rehabilitation

CBN Denies Plans To Convert $30bn Domiciliary Deposits To Naira

Why CBN Fixed $1m As Capital Requirements For International Money Transfer Operators

How Currency In Circulation Surged By N890bn In 3 Months Under Cardoso

Naira Depreciation: ‘CBN’s New Measure Will Ease Forex Pressure’

Naira Rallies Back, Now N1450/$1 At Black Market As CBN Takes Action

Tinubu Orders Resolution Of $1.3bn OML 245 Oil Block Dispute

Concerns As Port Harcourt Refinery Test-run Lingers Amid Further Naira Depreciation

Why IMF Downgraded Nigeria’s Economic Growth Forecast To 3% – Report

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Ex-Army Chief Buratai Demands Wike Publicly Apologise to Tinubu, Military Over Gaduwa Confrontation

Nigeria and Trump’s Intervention: A Time for Truth and Renewal

The Copper Catalyst: How Cyprian Uzoh’s Breakthrough Changed the World

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Finance & Economy - Page 123

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