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Finance & Economy - Page 128

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

Nigeria's Inflation Rate Hits 33.88% In October Amid Fresh Fuel Price Spike

Business·Finance & Economy·News

Why CBN’s 22.75% MPR Hike Can’t Tame Inflation – CCPE

The Centre for Promotion of Private Enterprise (CPPE) has advanced reason the latest hike in MPR by CBN won't help in bringing down inflation

March 1, 2024

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

Business·Finance & Economy

How CBN’s New Monetary Policy Rate Will Affect Businesses In Nigeria – Economic Experts

Economic experts have raised concerns about the implications of the decision of the Central Bank of Nigeria (CBN) to further tighten monetary policy on businesses in the country.

February 28, 2024

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

Business·Currency·News

Save Naira: CBN Sells $20,000 Forex To BDCs At Reduced Rate Of N1,301/$

the Central Bank of Nigeria (CBN) has once again begun providing foreign exchange to Bureau de Change (BDCs) operators as a way of increasing liquidity in the forex market.

February 27, 2024

CBN Raises Benchmark Interest Rate To 26.75% Amid Soaring Inflation

Business·Finance & Economy·News

CBN Raises Benchmark Interest Rate To 22.75%

he Central Bank of Nigeria has raised the monetary policy rate (MPR) by 400 basis points to a record 22.75 per cent. This was announced by the CBN governor, Yemi Cardoso

February 27, 2024

Business·Finance & Economy·News

Peg Import Duty Dollar Rate At N1000/$ – CPPE Urges CBN

The Centre for the Promotion of Private Enterprise (CPPE), has urged the Central Bank of Nigeria (CBN) to peg exchange rate for Customs duty assessment at ₦1,000/$ to alleviate the financial difficulties faced by importers at the nation's ports.

February 25, 2024

Business·Currency·News

CBN Issues New Guidelines For BDCs Operations In Nigeria, Bars Financing Political Activities With Dollars

CBN has released a document containing revised regulatory and supervisory guidelines for Bureau De Change (BDC) Operations in Nigeria.

February 24, 2024

How Nigeria’s External Reserves Rose By 5.6% To $38.8bn In 2024 — CBN

Business·Currency·News

Adopt Official FX Rate For Import Duty Assessment, CBN Tells Nigeria Customs

Following concerns raised by importers about irregular changes in import duty assessment levies applied by Nigeria Customs Service (NCS), in recent times, the Central Bank of Nigeria (CBN) has directed NCS and other related parties to adopt the closing official rate of

February 24, 2024

Financial Inclusion Key To Realising Nigeria's $1trn Economy Target - Cardoso

Finance & Economy·News

Why CBN Adopted Market-based Approach In Managing Forex – Cardoso

Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has advanced reasons the monetary authority decided to adopt the policy of allowing market forces determine rates in the foreign exchange market in the country.

February 22, 2024

FEATURES·Finance & Economy

Economic Crisis: Nigeria Has No Option Than To Produce For Food Security, Forex Stability – Utomi

The ongoing economic reforms by the current administration in Nigeria have no doubt had a lot of impact on the economy and the citizens in the last nine months. In an exclusive interview with Prime Business Africa's VICTOR EZEJA, foremost Professor of

February 22, 2024

Business·News·Oil & Gas

NNPCL Destroys 82 Illegal Refineries In 1 Week, Vows To Combat Oil Theft

The Nigerian National Petroleum Company Limited (NNPCL) revealed that it eradicated 82 illegal refineries in the Niger Delta between February 10 and 15, 2024. Speaking on behalf of the corporation, a spokesperson emphasized the ongoing battle against such illicit activities. “In the

February 22, 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 128

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

Why CBN’s 22.75% MPR Hike Can’t Tame Inflation – CCPE

How CBN’s New Monetary Policy Rate Will Affect Businesses In Nigeria – Economic Experts

Save Naira: CBN Sells $20,000 Forex To BDCs At Reduced Rate Of N1,301/$

CBN Raises Benchmark Interest Rate To 22.75%

Peg Import Duty Dollar Rate At N1000/$ – CPPE Urges CBN

CBN Issues New Guidelines For BDCs Operations In Nigeria, Bars Financing Political Activities With Dollars

Adopt Official FX Rate For Import Duty Assessment, CBN Tells Nigeria Customs

Why CBN Adopted Market-based Approach In Managing Forex – Cardoso

Economic Crisis: Nigeria Has No Option Than To Produce For Food Security, Forex Stability – Utomi

NNPCL Destroys 82 Illegal Refineries In 1 Week, Vows To Combat Oil Theft

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U.S. Energy Secretary Wright Visits Caracas to Boost Venezuela Energy Ties

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Germany Confirms Revival of $2.3bn Siemens Power Deal Under Tinubu

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Finance & Economy - Page 128

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