Browse Category

Finance & Economy - Page 130

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

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Currency

Naira Trades Above N1,500/$1 Amid CBN’s Forex Market Reforms

The Nigerian naira surged to an intra-day high of N1,582 against the US dollar on Wednesday, marking a notable milestone in the currency’s performance. However, this achievement was juxtaposed with a sharp decline in forex turnover, plummeting by 56.58% to $117.87 million,

February 15, 2024

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

Previous 1 … 128 129 130 131 132 … 337 Next

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

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.

Necessary

Always Enabled

Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.

Cookie	Duration	Description
cookielawinfo-checbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Finance & Economy - Page 130

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

Naira Trades Above N1,500/$1 Amid CBN’s Forex Market Reforms

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

Featured Stories

Senate U-Turn or Smoke Screen? Loopholes in Electoral Reform Persist

Opinion: Why Afreximbank’s Break with Fitch Exposes a Deeper Rift

Political Heavyweights Visit El-Rufai, Call for Respect for Rule of Law

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

Whatsapp Channel

Latest News

Inside Nigerian Breweries Turnaround: How Slashing Borrowing Costs Ended Two-Year Losing Streak

Morocco Earmarks $330m for Flood-Hit Northern Regions

INEC Sets Dates For Presidential, Governorship Elections

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

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

Inside Nigerian Breweries Turnaround: How Slashing Borrowing Costs Ended Two-Year Losing Streak

Suggestions

Finance & Economy - Page 130

Featured Stories

Follow Us

Whatsapp Channel

Latest News