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Finance & Economy - Page 131

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

Business·Oil & Gas

14 Fossil Fuel Giants’ $346.713bn Windfall Profit Calls For Global Climate Action

A report by ActionAid has revealed that 14 fossil fuel companies experienced profit windfalls of $346.713bn in just 24 months.

January 21, 2024

Gold remains too hot to chase, too hot to short

Business·Currency

Gold Price Rallies Above $2,030 Amidst Geopolitical Tensions, Uncertain Fed Outlook

As global tensions escalate with conflicts in the Middle East and geopolitical events unfold, Gold prices surge beyond $2,030, reflecting heightened demand for safe-haven assets.

January 21, 2024

Naira Falls To ₦1,530/$ At Official Market After Public Holiday

Business·Currency·News

Naira Hits Record Low Against British Pound Amid High Demand For Dollars

Nigerian parallel market exchange rate plummeted to an all-time low of N1,680 per Great Britain Pound (GBP), showcasing a 7% decline compared to the previous week.

January 21, 2024

Business·Currency

Naira May Depreciate To N1500/$1 In 2024 – Expert

Johnson Chukwu, the Group Managing Director, warned of a potential worst-case scenario where the naira could plummet to N1,500 against the dollar this year. Chukwu during the Cowry Asset Management’s economic review emphasized the need for a robust forex inflow. “The worst-case

January 19, 2024

Nigeria's Non-Oil Exports Face $300m Setback Amid Economic Challenges

Business·Finance & Economy

Nigeria’s Non-Oil Exports Face $300m Setback Amid Instability, Economic Challenges

Nigeria witnessed a marginal dip in non-oil export revenue, as figures released by the Executive Director of the Nigerian Export Promotion Council, Nonye Ayeni, unveiled a decline from $4.8 billion in 2022 to $4.5 billion in 2023. Addressing the media, Ayeni attributed

January 19, 2024

Why Tinubu Govt Is Against Borrowing To Fund 2024 Budget - Edun

Finance & Economy

Nigeria Seeks Fresh $1.5bn World Bank Aid To Tackle Forex Crisis

Nigeria is pursuing a $1.5 billion aid package from the World Bank to address the severe dollar shortage, contributing to the decline of the naira. Finance Minister Wale Edun, in an interview with Bloomberg, stated, “We’re hoping to get $1 billion or

January 19, 2024

Finance & Economy

Alex Otti Names Sanusi, Arunma Oteh, Bolaji Balogun As Chairpersons Of Abia Economic Council

Alex Otti, has constituted a 26-member Abia Global Economic Advisory Council (AGEAC) to be chaired by egg-heads in the financial world such as former Emir of Kano and CBN governor, Muhammad Sanusi II, ex-Director General of Securities and Exchange Commission (SEC), Arunma

January 18, 2024

News·Oil & Gas

‘Shell Must Address Ecological, Health, Economic and Social Impacts Concerns in Niger Delta Before Selling Assets’

Shell has been called upon to address all concerns regarding the ecological, health, economic and social impacts of their operations for more than six decades in the Nigeria Delta.

January 18, 2024

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

Business·Oil & Gas

OPEC: Nigeria’s Crude Oil Production Soars To 1.4mbpd

Nigeria's crude oil production witnessed a rise to 1.418 mbpd in December 2023, marking an increase from November's 1.319 mbpd, as reported by the Organisation of the Petroleum Exporting Countries (OPEC).

January 18, 2024

Business·Oil & Gas

Shell Denies Exiting Nigeria Amid Sales Of Its Onshore Asset In Niger Delta

Shell PLC has refuted claims of a complete exit from Nigeria following the sale of its onshore business in the Niger Delta.

January 18, 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 131

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

14 Fossil Fuel Giants’ $346.713bn Windfall Profit Calls For Global Climate Action

Gold Price Rallies Above $2,030 Amidst Geopolitical Tensions, Uncertain Fed Outlook

Naira Hits Record Low Against British Pound Amid High Demand For Dollars

Naira May Depreciate To N1500/$1 In 2024 – Expert

Nigeria’s Non-Oil Exports Face $300m Setback Amid Instability, Economic Challenges

Nigeria Seeks Fresh $1.5bn World Bank Aid To Tackle Forex Crisis

Alex Otti Names Sanusi, Arunma Oteh, Bolaji Balogun As Chairpersons Of Abia Economic Council

‘Shell Must Address Ecological, Health, Economic and Social Impacts Concerns in Niger Delta Before Selling Assets’

OPEC: Nigeria’s Crude Oil Production Soars To 1.4mbpd

Shell Denies Exiting Nigeria Amid Sales Of Its Onshore Asset In Niger Delta

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

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Finance & Economy - Page 131

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