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Finance & Economy - Page 125

Are The New Tax Laws Necessary In The Midst Of Insecurity, Endemic Corruption, High Inflation?

By Mohammed I. TSAV Esq. The implementation of these new tax laws in January 2026; under President Bola Ahmed Tinubu administration, in the midst of insecurity, endemic corruption and high inflation, an unsteady economy, and an unstable Naira, has sparked a debate

December 8, 2025

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

Business·Oil & Gas

How Delay Of Govt Approval Hinders Dangote Refinery Fuel Release

The much-anticipated release of aviation fuel (Jet A1) and diesel from the Dangote Petrochemical Refinery into the Nigerian market has hit a regulatory snag, delaying the commencement of sales.

February 8, 2024

Saudi Arabia Issues Warning Of $50 Oil Price If OPEC+ Nations Fail To Comply

Business·Oil & Gas

Why Global Oil Market Needs $14trn Investment – OPEC

In a paradigm-shifting address at India Energy Week, OPEC’s Secretary General Haitham al-Ghais illuminated the pressing need for $14 trillion investment in the global oil market over the next two decades. His remarks underscored the critical juncture at which the energy sector

February 7, 2024

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Currency

Naira Dips To N1,433 At Official Market Amid Surge In Forex Transactions

The Naira value slightly dropped in the official window despite surge in foreign exchange transactions, soaring to $584 million as data from the Nigerian Autonomous Foreign Exchange Market (FMDQ) revealed. This surge in FX transactions marks an increase from the previously recorded

February 7, 2024

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

Business·Currency·Finance & Economy·News

Foreign Education, Medical Tourism Worsen FX Crisis, Costing Nearly $40bn – Cardoso Laments

Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), said foreign education and medical tourism on have contributed significantly in Nigeria’s foreign exchange (FX) crisis. Cardoso made the revelation when he appeared before the House of Representatives on Tuesday, to

February 6, 2024

Vessels Discharge Hitches Causing Fuel Scarcity – NNPC

Business·News·Oil & Gas

Fuel Scarcity: NNPCL Explains Lagos Fuel Queues As “Brief Distribution Issue”

Long queues at filling stations in Lagos State have sparked concerns among residents, leading to speculation about a potential fuel scarcity. However, the Nigerian National Petroleum Company Limited (NNPCL) has moved to allay fears, attributing the situation to what it terms a

February 6, 2024

Business·Currency

Naira Weakens At Parallel Market, Appreciates To N1,419/$1 At Official Window

Nigerian Naira on Monday showed resilience at the official forex window, appreciating by 1.09% to close at N1,419.86/$.

February 6, 2024

Oil & Gas·World News

U.S. Shale Oil Boom Faces Uncertain Future As Global Dynamics Shift

In the aftermath of the Red Sea crisis and Saudi Arabia halting oil production expansion, questions arise about the sustainability of the U.S. shale oil boom. Last year’s unexpected production surge, fueled by efficiency gains, faces skepticism as analysts ponder the potential

February 5, 2024

Business·Currency

NAFEM: How Dollar Supply Rose By 180% As Banks Sell $440m

The official foreign exchange market witnessed a staggering 180.59% increase in dollar supply, soaring to $440.13 million on Friday. The naira’s closing rate at N1435.53/$ marked the end of a tumultuous week, with forex turnover spiking from $156.86 million on Thursday, according

February 5, 2024

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

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SEC Orders Full Registration of Tradable Instruments by January 2026

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

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

The UK Labour government has expanded its existing sugar tax

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th November 2025

What is the dollar-to-naira exchange rate on the black market,

CBN Further Raises Benchmark Interest Rate To 27.25%

CBN Holds Interest Rate At 27% — Fourth Time In 2025

The monetary policy committee (MPC) of the Central Bank of

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Finance & Economy - Page 125

Are The New Tax Laws Necessary In The Midst Of Insecurity, Endemic Corruption, High Inflation?

How Delay Of Govt Approval Hinders Dangote Refinery Fuel Release

Why Global Oil Market Needs $14trn Investment – OPEC

Naira Dips To N1,433 At Official Market Amid Surge In Forex Transactions

Foreign Education, Medical Tourism Worsen FX Crisis, Costing Nearly $40bn – Cardoso Laments

Fuel Scarcity: NNPCL Explains Lagos Fuel Queues As “Brief Distribution Issue”

Naira Weakens At Parallel Market, Appreciates To N1,419/$1 At Official Window

U.S. Shale Oil Boom Faces Uncertain Future As Global Dynamics Shift

NAFEM: How Dollar Supply Rose By 180% As Banks Sell $440m

NNPCL Unveils 36 Oil Block Concessions With Global, Local Partners

NNPCL Targets Q1 2024 For Completion Of Warri Refinery Rehabilitation

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