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Finance & Economy - Page 125

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

NNPC: Oil Production To Increase To 1.7mbpd Amid Infrastructure Challenges

Business·Oil & Gas

Nigeria’s Oil Output Surges To 1.4 million Bpd, Fueling Economic Optimism

Amidst a global surge in crude oil prices, Nigeria’s oil production witnessed an upswing, reaching 1,426,574 barrels per day in January 2024. This is shown in data obtained from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). READ ALSO: Major Events That Shaped Nigeria’s

February 14, 2024

Finance & Economy

States’ Allocation To Increase By 69% In 2024, Yet Borrowing Persists

In a projection for the year 2024, state governments in Nigeria anticipate an increase in statutory federal allocations, marking a 69% rise to N5.54 trillion Prime Business Africa reports that this surge, amounting to N2.24 trillion more than the disbursed amount in

February 14, 2024

Labour·News

Nigerian Workers Need New Minimum Wage But Not N1m – Moghalu

Former Deputy Governor of the Central Bank of Nigeria (CBN), Prof. Kingsley Moghalu has countered the proposal by President of the Nigerian Labour Congress (NLC), Comrade Joe Ajero, that organised labour might push for a new minimum wage of up to N1

February 13, 2024

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Currency

Naira Hits N1,532/$1 As Nigerians Lament Worsening Economic Crisis

Nigerian naira plummeted to a historic low of N1,534 against the dollar on Monday, marking a downturn from its previous closing rate.

February 13, 2024

Finance & Economy·News

Nigeria’s Hardship Will Multiply If IMF’s Advice On Electricity Subsidy Removal Is Followed, Alaje, Shehu Sani Warn

Nigeria has been warned against heeding the International Monetary Fund's advice on removing electricity subsidy as that could worsen economic hardship in the country.

February 13, 2024

Gold remains too hot to chase, too hot to short

Business·Currency

Gold Price Steady Below $2,030 Amidst Geopolitical Tensions

Amidst a backdrop of geopolitical tensions in the Middle East and anticipation for upcoming US inflation data, gold prices remained range-bound below the $2,030 mark on Monday.

February 12, 2024

IMF Sympathises With Victims Of Kenya Anti-tax Protest

Finance & Economy

IMF Warns Of Deepening Economic Crisis In Nigeria

In an assessment of Nigeria’s economic landscape, the International Monetary Fund (IMF) has sounded the alarm on the country’s challenges, pointing to stalled per-capita growth, soaring poverty rates, and escalating food insecurity as catalysts exacerbating the ongoing cost-of-living crisis. In a newly

February 12, 2024

Business·News·Oil & Gas

Nigeria’s Power Minister Advocates Naira Payments For Gas

In a bid to address the persistent challenges plaguing Nigeria’s power sector, Minister of Power, Adebayo Adelabu, has unveiled a proposal to mandate domestic gas payments in naira. This initiative aims to combat the recurrent shortage of gas supply, a major hindrance

February 10, 2024

Oil & Gas

Shell Nigeria Seeks NCDMB’s Support For Its Oil, Gas Projects

The leadership of Shell Companies in Nigeria on Wednesday sought the support of the Nigerian Content Development and Monitoring Board (NCDMB) to achieve accelerated development of three major oil and gas projects notably Bonga North deepwater and HI and HA, which are

February 8, 2024

Nigerian Govt Must Prioritise Investment In Agriculture To Boost Economy – Experts

Agro-Economy·Business

High Food Costs: Only Targeted Govt Intervention To Boost Production Can Save Nigeria – Lawmaker

As the costs of items and other things continue to rise in Nigeria, the Federal Government has been advised to take concrete actions to address to and save the citizens from excruciating economic hardship.

February 8, 2024

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

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

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Finance & Economy - Page 125

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

Nigeria’s Oil Output Surges To 1.4 million Bpd, Fueling Economic Optimism

States’ Allocation To Increase By 69% In 2024, Yet Borrowing Persists

Nigerian Workers Need New Minimum Wage But Not N1m – Moghalu

Naira Hits N1,532/$1 As Nigerians Lament Worsening Economic Crisis

Nigeria’s Hardship Will Multiply If IMF’s Advice On Electricity Subsidy Removal Is Followed, Alaje, Shehu Sani Warn

Gold Price Steady Below $2,030 Amidst Geopolitical Tensions

IMF Warns Of Deepening Economic Crisis In Nigeria

Nigeria’s Power Minister Advocates Naira Payments For Gas

Shell Nigeria Seeks NCDMB’s Support For Its Oil, Gas Projects

High Food Costs: Only Targeted Govt Intervention To Boost Production Can Save Nigeria – Lawmaker

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

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Former Delta North Senator Peter Nwaoboshi Dies After Sudden Collapse in Abuja

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

SAFE IN NIGERIA: Boris Johnson’s Claim and the outrage

Enugu’s BRT Blitz: Modern Roads, Shattered Lives

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

Dollar Trades Flat In Black Market, Appreciates In Official Window

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

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

Former Delta North Senator Peter Nwaoboshi Dies After Sudden Collapse in Abuja

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Finance & Economy - Page 125

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