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Finance & Economy - Page 129

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

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Currency

Danger Looms As Naira Depreciates To N1,410/$1 At Black Market Amid High Demand, Economic Challenges

In a turn of events, the Nigerian Naira witnessed a depreciation, hitting a historic low of N1,410 against the US dollar on Thursday. This 3.29% decline, amounting to N45 weaker than the previous day’s closing rate of N1,365, underscores the severity of

January 25, 2024

Capital Importation: Banking Sector Records Highest Inflow In Q3 2024

Business·Currency

US Dollar Surges As ECB Keeps Mum On Interest Rates

The US Dollar gains strength following the European Central Bank’s decision to keep interest rates unchanged, leaving traders puzzled amid expectations of a possible cut. The market awaits ECB Chairman Christine Lagarde’s communication, which contradicts her earlier suggestion of a cut near

January 25, 2024

CBN Reveals JP Morgan’s Intention After Report On Nigeria’s Foreign Reserves

Business·Finance & Economy

NNPC, Others Now Remit Dollar Revenue To CBN To Boost Nigeria’s Depleting Foreign Reserves

In a move, the Central Bank of Nigeria (CBN) has announced a collaboration with the Nigeria National Petroleum Corporation Limited (NNPCL) and the Ministry of Finance to channel all dollar revenues directly to the CBN. Governor Olayemi Cardoso, speaking at the Nigerian

January 25, 2024

Fuel Scarcity Looms In South-East, South-South, Others As IPMAN Threatens To Stop Supply

Business·Oil & Gas

Oil Marketers Seek Tax Relief Amidst Profit Downturn

IPMAN vice president lamented about the dire situation faced by oil marketers, requesting tax relief from the Federal Government to navigate the challenging economic conditions posed by the removal of fuel subsidy.

January 25, 2024

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

Business·Oil & Gas

NNPCL Unveils 150 Million Litres Storage Facility, Aviation Arm, As Port Harcourt Refinery Gears Up For Production

NNPCL has announced the completion of a state-of-the-art 150 million litres storage facility at Atlas Cove, ahead of the full-scale operations of the Port Harcourt Refining Company.

January 25, 2024

Finance & Economy

Why Nigeria’s Economic Growth Will Surge By 3.7% – World Bank

The World Bank's latest report for Nigeria projects a 3.7% surge in its Gross Domestic Product (GDP) for 2025.

January 25, 2024

Agro-Economy·Business

AFEX Predicts Higher Prices For Maize, Rice In Nigeria 2024

AFEX, a leading commodities market player, has projected an increase in maize and paddy rice prices by 25% and 40%, respectively, within Nigeria this year.

January 25, 2024

Expert Predicts Bitcoin Hitting $180,000 By End Of 2025, Urges Nigeria To Build Crypto Reserve

Business·Currency

Bitcoin Price Dynamics Signal Mixed Market Sentiment As Value Fluctuate Hovers Around $40,000

Bitcoin's price journey on Jan. 24, 2024, unfolds as a complex interplay of volatility and recovery.

January 24, 2024

IPMAN Seeks Dangote Refinery's Partnership For Direct Product Allocation, Eases Concerns Over Petrol Stability

Business·News·Oil & Gas

IPMAN Tackles NNPC Over Alleged Delay In Distribution Of Petroleum Products

Oil marketers, representing the Independent Petroleum Marketers Association of Nigeria (IPMAN), have criticized the Nigerian National Petroleum Company Limited (NNPCL) for what they claim is a delay in the supply of petroleum products.

January 24, 2024

Nigerian Naira Vs U.S. Dollar: What To Expect This Week (17th-22nd, March 2025)

Business·Currency

Naira Appreciates To N878/$1 At Official Window Amid Lingering FX Crisis

The naira showcased resilience at the official Investors and Exporters (I&E) Window on Tuesday, closing at N878.61/$1, marking a rebound from Monday's N925.34/$1.

January 24, 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 129

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

Danger Looms As Naira Depreciates To N1,410/$1 At Black Market Amid High Demand, Economic Challenges

US Dollar Surges As ECB Keeps Mum On Interest Rates

NNPC, Others Now Remit Dollar Revenue To CBN To Boost Nigeria’s Depleting Foreign Reserves

Oil Marketers Seek Tax Relief Amidst Profit Downturn

NNPCL Unveils 150 Million Litres Storage Facility, Aviation Arm, As Port Harcourt Refinery Gears Up For Production

Why Nigeria’s Economic Growth Will Surge By 3.7% – World Bank

AFEX Predicts Higher Prices For Maize, Rice In Nigeria 2024

Bitcoin Price Dynamics Signal Mixed Market Sentiment As Value Fluctuate Hovers Around $40,000

IPMAN Tackles NNPC Over Alleged Delay In Distribution Of Petroleum Products

Naira Appreciates To N878/$1 At Official Window Amid Lingering FX Crisis

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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 129

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