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Finance & Economy - Page 141

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·Oil & Gas

No Plan To Increase Petrol Pump Price, NNPC Assures Nigerians

The Nigerian National Petroleum Company (NNPC) Limited says it has no plan to increase the pump price of Premium Motor Spirit (PMS) commonly known as petrol. This was made known in a statement signed by the NNPCL Chief Corporate Communications Officer, Olufemi

January 3, 2024

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Currency

Nigerian Naira Depreciates To N988/$ Despite $2.25bn Injection In Forex Market

The Nigerian naira spiraled downwards by 8.97% against the dollar, closing at N988.46/$1 despite a $2.25 billion infusion from Afreximbank.

January 3, 2024

10 Nigerian States With Highest Food Inflation In June 2025

Agro-Economy·Business

Nigeria, Other West African Countries To Endure Soaring Food Prices In 2024 – Report

A looming crisis in West Africa's food security emerges as experts predict a distressing surge in staple food prices across the region in 2024.

January 3, 2024

How Strong Competitive Market Will Stabilise Fuel Price In Nigeria

Business·Oil & Gas

NNPC, Marketers Bicker On Fuel Subsidy Payment As Naira Depreciation Deepens

Further depreciation of naira while the pump price of Premium Motor Spirit (PMS) popularly called petrol sells between N617 and N650 have resurrected contentious debates between independent petroleum marketers and the Nigerian National Petroleum Company Limited NNPC

January 3, 2024

Nigeria Optimistic On Achieving 1.7mpd Crude Despite November Output Drop

Business·Oil & Gas

Nigeria’s Petroleum Minister Targets 2 Million Barrels Daily Crude Oil Production In 2024

Minister of State for Petroleum Resources, Heineken Lokpobiri, has set a target for Nigeria's crude oil production, eyeing a jump to 2 million barrels per day in 2024.

January 2, 2024

Finance & Economy

BRICS Capital Inflow To Nigeria Plummets By 59.84% In Q3 2023 – NBS

The National Bureau of Statistics (NBS) released a report unveiling a 59.84% drop in foreign capital from BRICS nations during Q3 of 2023.

January 2, 2024

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

Finance & Economy·News

Nigeria Will Rely More On Revenue To Implement 2024 Budget – Finance Minister

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced a move by the federal government to move away from heavy reliance on borrowing for the implementation of the 2024 budget. Emphasizing a commitment to augmenting revenue sources,

January 2, 2024

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

Business·Oil & Gas

NNPCL Begins Crude Oil Supply To Test-run Port Harcourt Refinery

Nigerian National Petroleum Company Limited (NNPCL) has initiated the supply of crude oil for the test-running of the Port Harcourt Refinery.

January 1, 2024

Blue Economy: Tinubu Appoints New Executive Directors For NPA, NIMASA

Finance & Economy·News

2024: Tinubu Promises Ease Of Doing Business, As Nigerians Face Hard Times

Amidst hard times occasioned by surging inflation, Nigerian president, Bola Tinubu, has promised to do everything possible to remove obstacles to ease of doing business in the country. The inflation, caused by rising energy and food costs, an aftermath of the petrol

January 1, 2024

Naira Ends Week With N30 Gain In Black Market: Hope For Naira?

Business·Currency·News

Exchange Rate Closes Year At Historic Low Of N907/$1 In Official Market

Nigerian Naira closed the year at an unprecedented exchange rate of N907.11 per dollar at the official market, signifying a 26.8% depreciation since June 14th, amid a tumultuous year for Africa's largest economy.

December 31, 2023

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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 141

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

No Plan To Increase Petrol Pump Price, NNPC Assures Nigerians

Nigerian Naira Depreciates To N988/$ Despite $2.25bn Injection In Forex Market

Nigeria, Other West African Countries To Endure Soaring Food Prices In 2024 – Report

NNPC, Marketers Bicker On Fuel Subsidy Payment As Naira Depreciation Deepens

Nigeria’s Petroleum Minister Targets 2 Million Barrels Daily Crude Oil Production In 2024

BRICS Capital Inflow To Nigeria Plummets By 59.84% In Q3 2023 – NBS

Nigeria Will Rely More On Revenue To Implement 2024 Budget – Finance Minister

NNPCL Begins Crude Oil Supply To Test-run Port Harcourt Refinery

2024: Tinubu Promises Ease Of Doing Business, As Nigerians Face Hard Times

Exchange Rate Closes Year At Historic Low Of N907/$1 In Official Market

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Senate U-Turn or Smoke Screen? Loopholes in Electoral Reform Persist

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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

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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 141

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