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Finance & Economy - Page 139

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

Business·Finance & Economy·News

World Bank Predicts Return Of Nigeria’s Per Capita Income To Pre-pandemic Level By 2025

The World Bank’s latest Global Economic Prospects report paints a hopeful picture for Nigeria’s economic resurgence, forecasting a return to pre-pandemic per capita income levels by 2025. Speaking on the country’s prospects, World Bank analysts emphasized the gradual positive impact of the

January 10, 2024

Dangote Refinery: Fueling Nigeria's Economic Resurgence or Monopoly Menace?

Business·News·Oil & Gas

Dangote Refinery To Receive Fresh 4 Crude Oil Cargoes From NNPC In February

There are indications that the Dangote refinery is to receive a fresh supply of four crude oil cargoes from the Nigerian National Petroleum Company Limited (NNPCL) in February

January 10, 2024

Business·Startup

Why Foreign Investments In Nigerian Startups Dropped By 65%

Foreign investments in Nigerian startups dropped by 65.83 percent in 2023, marking a decline from $1.2 billion in 2022 to $410 million. This considerable drop not only reshaped Nigeria’s standing but also resulted in the country conceding its top position in the

January 10, 2024

Democracy Day: Nigeria In A Classical State Capture - Obi

Finance & Economy

Economy: Obi Warns About Danger Of Piling Up Debts By Tinubu’s Govt

Presidential candidate of the Labour Party in the 2023 general elections, Mr Peter Obi has warned about the danger of increasing debt burden on Nigeria's economy, especially when the fund is not channeled to productive ventures.

January 9, 2024

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

Business·Currency·News

Naira Dips To N1,245/$1 In Unofficial Market Amid CBN’s Effort

In a twist of currency dynamics, the naira faces a tale of two markets as its value fluctuates to N1,230/$1 and N1,245/$1, driven by unofficial P2P and physical black markets despite Nigeria’s apex bank interventions. Despite efforts by the Central Bank of Nigeria

January 9, 2024

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business·Currency

Naira Appreciates To N856/$1 In Official Window As Afreximbank Injects $2.25bn Into FX Market

In a positive turn for the Nigerian economy, the Naira saw a surge against the dollar at both the official and parallel forex markets on Monday. The official exchange rate closed at N856.57 to a dollar, marking a 1.45% gain from the

January 9, 2024

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

Business·Oil & Gas

Dangote Refinery Ready To Begin Production As Crude Supply Hits 6m Barrels

Dangote Petroleum Refinery has marked a milestone as it announced the reception of its final shipment, totaling six million barrels of crude oil, essential for commencing its operations.

January 9, 2024

Jigawa Residents Spend More On Petrol As Price Rises By 223.21% To N770

Business·News·Oil & Gas

Nigerian Oil Marketers Assure Stable Fuel Prices, NNPCL To Bear Under-recovery Costs

Independent Petroleum Marketers Association of Nigeria (IPMAN), reassured the public on Monday that there are no plans to increase the pump price of Premium Motor Spirit (PMS), commonly known as petro

January 9, 2024

Agro-Economy

We’ll Weed Out ‘Ghost Farmers’ In Agric Intervention Projects – Minister

Nigeria’s Minister of State for Agriculture, Senator Aliyu Sabi Abdullahi, has assured that appropriate measures are being taken to ensure that ghost farmers are not included in the list of beneficiaries of government intervention programmes in the agricultural sector going forward.

January 8, 2024

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

Business·Oil & Gas

Nigeria Mitigates OPEC Shortfall, Amidst UAE, Angola Oil Cuts

Last month, Nigeria emerged as a beacon of stability in the tumultuous world of oil production. As the UAE and Angola curtailed their outputs, Nigeria surged forward

January 8, 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 139

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

World Bank Predicts Return Of Nigeria’s Per Capita Income To Pre-pandemic Level By 2025

Dangote Refinery To Receive Fresh 4 Crude Oil Cargoes From NNPC In February

Why Foreign Investments In Nigerian Startups Dropped By 65%

Economy: Obi Warns About Danger Of Piling Up Debts By Tinubu’s Govt

Naira Dips To N1,245/$1 In Unofficial Market Amid CBN’s Effort

Naira Appreciates To N856/$1 In Official Window As Afreximbank Injects $2.25bn Into FX Market

Dangote Refinery Ready To Begin Production As Crude Supply Hits 6m Barrels

Nigerian Oil Marketers Assure Stable Fuel Prices, NNPCL To Bear Under-recovery Costs

We’ll Weed Out ‘Ghost Farmers’ In Agric Intervention Projects – Minister

Nigeria Mitigates OPEC Shortfall, Amidst UAE, Angola Oil Cuts

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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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Chinese Embassy Denies U.S. Allegations of Illegal Mining, Terror Funding in Nigeria

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

Ramadan Clash: Bashir Ahmad Urges INEC to Review 2027 General Election Dates

NGX Market Cap Rises By N2.36trn To N117trn

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

Chinese Embassy Denies U.S. Allegations of Illegal Mining, Terror Funding in Nigeria

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Finance & Economy - Page 139

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