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Finance & Economy - Page 124

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

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

Business·Currency·News

CBN Sells Dollars At ₦1,252/$1 To BDCs, As Naira Value Rises Further

In its bid to increase liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) has announced second tranche of dollar sales to eligible Bureau de Change (BDC) operators at the rate of ₦1,251/$1. The CBN said this is to

March 26, 2024

Naira Opens Week With Gain Across FX Markets

Business·Currency

Forex: Naira Ends Week On A Positive Note With N1,431/$ At Official Market

Nigeria’s currency, the naira, that has been depreciating in value for months in the foreign exchange market, ended this week on a positive note at rate of N1,431.49 against one US Dollar at the official market.

March 24, 2024

Lagos Markets Hit by Surge in Food Prices, Straining Household Budgets

Agro-Economy·Business·News

Food Prices Surge Hits Lagos Markets, Straining Household Budgets

In the bustling markets of Lagos State, food prices surge continue to shake the foundations of household budgets across the region. Over the past fortnight, essential food items have experienced a sharp increase in food prices, leaving consumers grappling with the implications.

March 24, 2024

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

News·Oil & Gas·World News

Crude Oil Prices Dip To $85 In International Market Amid Global Tensions

Crude oil prices have undergone significant fluctuations in the international market over the past week. From a recent high of $87.61, the price of Brent Crude has dipped to $85.61 as of Friday, March 22, 2024. Similarly, the WTI Crude has fallen

March 23, 2024

FEATURES·Finance & Economy

Top 10 African Countries With Highest Inflation Rates In February 2024

An economy experiences inflation when the prices of goods and services, rise persistently over time. It is a broad term that can refer to a country's cost of living increase

March 22, 2024

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

Business·Currency

Naira Appreciates Further To ₦1,453 At Official Market

Naira continued its appreciation in the foreign exchange market closing trading at ₦1,453.28/$1 at the official market on Thursday, 21 March 2024. This means it recorded ₦39, reflecting 2.6 per cent gain from Wednesday’s closing rate of ₦1,492.61 according to Nigerian Autonomous

March 22, 2024

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

Business·Finance & Economy·News

Nigeria’s Inflation Projected To Reach 32.63% Amidst Economic Challenges

Muhammad Sani Abdullahi, Deputy Governor of Nigeria’s Central Bank, unveiled projections indicating a rise in Nigeria’s inflation rate. Abdullahi’s insights, disclosed during an event at London’s CITI-CEEMA Macro Conference on March 20, 2024, painted a concerning picture of the country’s economic landscape.

March 21, 2024

Finance & Economy

Naira Rebound To N1,400, CBN Clearing Of FX Backlogs: It’s Not Yet Time For Celebration – Expert

The clearing of foreign exchange backlogs by the Central Bank of Nigeria (CBN) and the appreciation of the value of the naira in the forex market has cast an air of delight in the financial landscape, however, an economic expert believes that

March 21, 2024

NNPC Initiates Process For Stock Market Listing, Says CEO Mele Kyari

Business·Markets·News·Oil & Gas

NNPC Stock Market Listing Will Commence Soon, Says CEO Mele Kyari

Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), announced on Wednesday during the 2024 CERAWEEK in Houston, United States, that the long-awaited public listing of NNPC’s shares would soon commence, in line with the provisions

March 21, 2024

Argentines Purchase Bitcoin Instead Amid US Dollar To Fight Inflation

Currency·News·World News

Argentines Purchase Bitcoin Instead Of US Dollar To Fight Inflation

As inflation continues to plague Argentina, citizens are turning to alternative means to safeguard their wealth. Bitcoin, the world’s leading cryptocurrency, has emerged as a popular choice, with Argentines embracing it as a hedge against the country’s staggering inflation rate of 276%.

March 21, 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 124

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

CBN Sells Dollars At ₦1,252/$1 To BDCs, As Naira Value Rises Further

Forex: Naira Ends Week On A Positive Note With N1,431/$ At Official Market

Food Prices Surge Hits Lagos Markets, Straining Household Budgets

Crude Oil Prices Dip To $85 In International Market Amid Global Tensions

Top 10 African Countries With Highest Inflation Rates In February 2024

Naira Appreciates Further To ₦1,453 At Official Market

Nigeria’s Inflation Projected To Reach 32.63% Amidst Economic Challenges

Naira Rebound To N1,400, CBN Clearing Of FX Backlogs: It’s Not Yet Time For Celebration – Expert

NNPC Stock Market Listing Will Commence Soon, Says CEO Mele Kyari

Argentines Purchase Bitcoin Instead Of US Dollar To Fight Inflation

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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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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

Nigeria Wins Permanent Seat on African Central Bank Board at AU Summit

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Finance & Economy - Page 124

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