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Finance & Economy - Page 14

U.S. Seizes Sanctioned Venezuelan Oil Tanker, Escalating Tensions

The United States has seized a sanctioned Venezuelan oil tanker off the country’s coast, President Trump announced Wednesday, escalating tensions with Caracas and sending oil prices higher. “We’ve just seized a tanker on the coast of Venezuela, very large, largest one ever,”

December 11, 2025

Business·Oil & Gas

Oil Production Data Disparity May Affect Nigeria’s Quest For Higher OPEC Quota – Expert

Financial Analyst/Research Consultant, Ifeoma Nwokolo, has said the disparity between data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the OPEC on Nigeria’s oil production may pose a challenge in the country’s quest for a higher quota. Nwokolo, who is

August 14, 2025

Africa·News·Oil & Gas

Oil, Gas Service Providers Across Africa Form Alliance To Boost Local Content

Oil and gas service providers from across Africa have formed a new continental body, the African Local Content Organisation (ALCO), aimed at boosting collaboration, retaining more value from Africa’s multibillion-dollar energy sector, and driving sustainable economic growth. The organisation was unveiled on

August 14, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 14th August 2025

What is the dollar-to-naira exchange rate on the black market, like the Aboki Fx? The exchange rate for the US dollar (USD) to Nigerian naira (NGN) in the parallel market, also known as the black market, as of 14th August 2025, is

August 14, 2025

Finance & Economy·News

FG Targets ₦38bn Boost As 1,000 Dormant Mining Licences Face Revocation

The Federal Government will revoke 1,000 dormant mining licences this year as part of efforts to sanitise Nigeria’s solid minerals sector, Minister of Solid Minerals Development Dr Dele Alake announced in Abuja on Wednesday. While speaking at the maiden edition of the

August 14, 2025

Business·Oil & Gas

NUPRC Fails To Achieve 50% Of 2025 Revenue Target In H1

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) recorded 34.7 per cent of its 2025 revenue target in the first half of the year (January–June 2025), generating ₦5.21 trillion from crude oil, gas sales, and related activities. This falls short of the proportional mid-year benchmark needed to meet

August 13, 2025

Agro-Economy

Global Hunger Persists Despite Food Surplus, UN Warns

The world produces more than enough food to feed everyone, yet 673 million people went hungry in 2024, according to the United Nations roughly 8.2% of the global population. The figure is slightly lower than in 2023 but remains well above pre-2015

August 13, 2025

Business·Oil & Gas

Nigeria Exceeds OPEC Quota For Third Time In 2025

Nigeria has indeed exceeded its OPEC oil production quota of 1.5 million barrels per day for the third time in 2025, according to recent reports. The first was in January and the second in June. OPEC’s latest Monthly Oil Market Report, released on

August 13, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 13th August 2025

August 13, 2025

News·Oil & Gas

Dangote Refinery Cuts Petrol Price To ₦820/Litre, Escalates Price War In Fuel Market

The Dangote Petroleum Refinery has reduced its ex-depot price of Premium Motor Spirit (PMS) from ₦850 to ₦820 per litre, a move expected to intensify competition in Nigeria’s fuel market and potentially ease pump prices for consumers. Group Chief Branding and Communications

August 12, 2025

Business·Finance & Economy

Consecutive Drop In Money Supply Puts Nigeria’s Economic Growth At Risk – Expert

While the consecutive drop in Nigeria’s money supply in 2025 is believed to have a link with in decline in the inflation rate, economic experts have warned that it poses significant risks to the country’s economic growth. The Central Bank of Nigeria

August 12, 2025

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SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

The UK Labour government has expanded its existing sugar tax

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th November 2025

What is the dollar-to-naira exchange rate on the black market,

CBN Further Raises Benchmark Interest Rate To 27.25%

CBN Holds Interest Rate At 27% — Fourth Time In 2025

The monetary policy committee (MPC) of the Central Bank of

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Finance & Economy - Page 14

U.S. Seizes Sanctioned Venezuelan Oil Tanker, Escalating Tensions

Oil Production Data Disparity May Affect Nigeria’s Quest For Higher OPEC Quota – Expert

Oil, Gas Service Providers Across Africa Form Alliance To Boost Local Content

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 14th August 2025

FG Targets ₦38bn Boost As 1,000 Dormant Mining Licences Face Revocation

NUPRC Fails To Achieve 50% Of 2025 Revenue Target In H1

Global Hunger Persists Despite Food Surplus, UN Warns

Nigeria Exceeds OPEC Quota For Third Time In 2025

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 13th August 2025

Dangote Refinery Cuts Petrol Price To ₦820/Litre, Escalates Price War In Fuel Market

Consecutive Drop In Money Supply Puts Nigeria’s Economic Growth At Risk – Expert

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CBN Holds Interest Rate At 27% — Fourth Time In 2025

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