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Finance & Economy - Page 135

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

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

Business·News·Oil & Gas

Tinubu Promises More Interventions To Enhance Investments In Nigeria’s Oil, Gas Sector, Tasks Players On Maintaining PIA Provisions

President Bola Tinubu has reiterated his administration’s commitment to providing the needed interventions to safeguard and enhance investments in the oil and gas industry.

January 23, 2024

Kaduna Refinery: The Role Of Local Refining In Nigeria's Fuel Economy

Business·News·Oil & Gas

Dangote Refinery: 75% Of Oil Marketers Register For Product Distribution

Dangote Refinery has successfully enlisted the support of three major oil marketers, representing a substantial 75% share of the Nigerian market, for the distribution of its refined products.

January 23, 2024

Major Events That Shaped Nigeria’s Oil and Gas Sector In 2024

Business·Oil & Gas

Netizens React As Dangote Refinery Promises To Sell Petroleum Products In Naira Not Dollar

Dangote Petroleum Refinery has announced that its petroleum products will be sold in the national currency, the Naira, dispelling speculations about transactions being conducted in United States dollars.

January 23, 2024

Business·Oil & Gas

Exit Of Shell, Agip, Other MNOs Opportunity To Decolonise Nigeria’s Economy – Shehu Sani

Shehu Sani, has asserted that the exit of British energy giant, Shell Plc, Agip and other multinational oil companies from Nigeria would free the country from economic stagnation.

January 23, 2024

Unlocking Potential Of Nigerian Real Estate: Opportunities And Challenges

Business·Real Estate

Inflation: African Real Estate Faces Headwinds As Macroeconomic Woes Deter Foreign Investors

A report by Estate Intel paints a challenging picture of African real estate in 2024 as the continent’s real estate sector, once seen as a beacon of potential, is grappling with the dual impact of macroeconomic and political uncertainties, exacerbated by global

January 22, 2024

Business·Oil & Gas

Dangote Refinery To Supply 150,000 IPMAN Outlets Nationwide

Dangote Petroleum Refinery has confirmed its commitment to supply fuel to over 150,000 retail outlets operated by the Independent Petroleum Marketers Association of Nigeria (IPMAN).

January 22, 2024

FEATURES·Oil & Gas

Dangote Refinery: Fueling Nigeria’s Economic Resurgence Or Monopoly Menace?

In the heart of Nigeria's economic landscape, a peculiar debate is unfolding, with the upcoming Dangote Refinery at its epicenter.

January 21, 2024

Nigeria Reaffirms OPEC Commitment Amid Angola's Exit, Aims To Exceed Production Targets

Business·Oil & Gas

Lokpobiri Affirms Commitment To $1.9trn Energy Transition Despite Global Fossil Fuel Divestment Pressure

Senator Heineken Lokpobiri, Minister of State for Petroleum Resources (oil) in Nigeria, asserted that despite global pressure to abandon fossil fuel investments, Nigeria remains committed to utilizing revenues from its hydrocarbons to fund a $1.9 trillion energy transition plan. Lokpobiri in an

January 21, 2024

1.78mpd Oil Output Project Can Be Achieved – NNPCL

Business·Oil & Gas

NNPC Defends $3.3bn Oil Loan Aims To Bolster FX Reserves Amid Mixed Reactions

The Nigerian National Petroleum Company Limited (NNPCL) has justified its controversial $3.3 billion oil pre-payment loan, dubbed 'Project Gazelle'.

January 21, 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 135

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

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

Tinubu Promises More Interventions To Enhance Investments In Nigeria’s Oil, Gas Sector, Tasks Players On Maintaining PIA Provisions

Dangote Refinery: 75% Of Oil Marketers Register For Product Distribution

Netizens React As Dangote Refinery Promises To Sell Petroleum Products In Naira Not Dollar

Exit Of Shell, Agip, Other MNOs Opportunity To Decolonise Nigeria’s Economy – Shehu Sani

Inflation: African Real Estate Faces Headwinds As Macroeconomic Woes Deter Foreign Investors

Dangote Refinery To Supply 150,000 IPMAN Outlets Nationwide

Dangote Refinery: Fueling Nigeria’s Economic Resurgence Or Monopoly Menace?

Lokpobiri Affirms Commitment To $1.9trn Energy Transition Despite Global Fossil Fuel Divestment Pressure

NNPC Defends $3.3bn Oil Loan Aims To Bolster FX Reserves Amid Mixed Reactions

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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

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Dollar Rate Drops To N1,404/$ In Black Market, Rises To N1,355/$ In Official Window

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

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

Dollar Rate Drops To N1,404/$ In Black Market, Rises To N1,355/$ In Official Window

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Finance & Economy - Page 135

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