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Finance & Economy - Page 140

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

IPMAN Seeks Dangote Refinery's Partnership For Direct Product Allocation, Eases Concerns Over Petrol Stability

News·Oil & Gas

IPMAN Allays Fears Of Petrol Price Increase, Urges Nigerians To Stop Panic Buying

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said there is no plan to increase pump price of Premium Motor Spirit (PMS) popularly called petrol by its members, urging Nigerians to stop engaging in panic buying. Chairman of IPMAN, Enugu Depot,

January 7, 2024

Nigerian Naira Vs U.S. Dollar: What To Expect This Week (17th-22nd, March 2025)

Business·Currency·Markets·News

Cadbury, Guinness, Nestle Hit By Naira Depreciation As Report Reveals N472.3bn Loss

In a revelation by Meristem, some major consumer goods companies in Nigeria such as Cadbury, Guinness Nigeria, and Nestle, suffered a combined loss of N472.3 billion due to the depreciation of the Naira during the first nine months of 2023. The report

January 7, 2024

Business·Currency

Naira Appreciates To N869/$1 As Experts Debate Stability

Naira demonstrated fortitude by appreciating to N869.13/$1, thereby, gaining further ground against the dollar at the official market on Friday, marking its second advance in the New Year.

January 6, 2024

Why No Plan To Withdraw Dormant Refining Licences – Nigerian Govt

Business·News·Oil & Gas

Port Harcourt Refinery Begins Operations After Test-run This Month – NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) has confirmed that the test run on the 60,000-barrels-per-day (bpd) Port Harcourt refinery is on course and would be concluded this month. Femi Soneye, the NNPCL’s spokesperson, gave the affirmation on Thursday that the impending

January 5, 2024

News·Oil & Gas

Supreme Court Grants Hearing Of Shell’s Appeal In $878m Oil Spill Case

Nigeria’s Supreme Court has ruled in favour of Shell Petroleum Development Company of Nigeria Ltd. (SPDC Nig), granting it a hearing on the alleged oil spill case in the Niger Delta.

January 5, 2024

FEATURES·Oil & Gas

Major Events That Shaped Nigeria’s Oil & Gas Sector In 2023 And Looking Ahead 2024

Nigeria’s oil and gas industry experienced ups and downs as the government adopted key policy decisions that had far-reaching impacts on the economy.

January 5, 2024

Finance & Economy·News

Debt Relief: Obasanjo Warns of Dire Consequences As Mismanagement Threatens Future Relief For African Nations

Former President Olusegun Obasanjo’s remarks sounded a cautionary alarm, highlighting the mismanagement of Nigeria’s debt relief received during his tenure. Speaking at an event organized by Pastor Chris Oyakhilome’s Future Africa Leaders Foundation, Obasanjo expressed concerns about the squandering of previously forgiven

January 4, 2024

Christmas: Nigerians Slash Budget For Rice, Other Items As Costs Hit Harder

Agro-Economy·Business

Local Rice Prices Skyrocket By 73.2% Despite Govt Support, Farmers Dispute Inflation Figures

The price of locally produced rice in Nigeria has surged by a 73.2% in just one year, despite efforts by the Central Bank of Nigeria to bolster the rice value chain. This rise, which contradicts the aim of reducing importation, has seen

January 4, 2024

NNPC, Oil Marketers Disagree Over Fuel Subsidy Regime Contract

Business·Oil & Gas

How Fuel Subsidy Removal Forced Many Marketers Out Of Business – IPMAN

IPMAN voiced its concern over the crippling effects of President Bola Tinubu's removal of fuel subsidies, highlighting the immense financial strain on their members.

January 4, 2024

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Currency

Naira Falls To N1,035/$1, As Depreciation Persists

The Nigerian Naira encountered a steep fall, culminating in a close at N1,035.12 per dollar in the official market on January 3, 2024, indicating a 4.72% decline from the previous closure. The consistent slide of the Naira beyond the N1,000/$ mark for

January 3, 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 140

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

IPMAN Allays Fears Of Petrol Price Increase, Urges Nigerians To Stop Panic Buying

Cadbury, Guinness, Nestle Hit By Naira Depreciation As Report Reveals N472.3bn Loss

Naira Appreciates To N869/$1 As Experts Debate Stability

Port Harcourt Refinery Begins Operations After Test-run This Month – NNPCL

Supreme Court Grants Hearing Of Shell’s Appeal In $878m Oil Spill Case

Major Events That Shaped Nigeria’s Oil & Gas Sector In 2023 And Looking Ahead 2024

Debt Relief: Obasanjo Warns of Dire Consequences As Mismanagement Threatens Future Relief For African Nations

Local Rice Prices Skyrocket By 73.2% Despite Govt Support, Farmers Dispute Inflation Figures

How Fuel Subsidy Removal Forced Many Marketers Out Of Business – IPMAN

Naira Falls To N1,035/$1, As Depreciation Persists

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

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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 140

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