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Finance & Economy - Page 142

Trump’s Inauguration : Full List of World Leaders To Attend

US Inflation Lands as Shutdown Risks Starving Fed of Jobs Data for Rate Cuts

The Consumer Price Index (CPI) showed that headline inflation rose 3.0% year-on-year in September, slightly lower than expected, while core inflation held at 3.1%.

October 25, 2025

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

Business·Currency·News

Naira Drops By 11.39% To Hit N927/$1 In NAFEM, N1165/$1 In Parallel Market

The Nigerian Naira plunged to an unprecedented low on Friday, closing at N927.19/$1 in the official market and hitting N1165/$1 in the parallel market. Financial analysts expressed growing concerns as the domestic currency witnessed an 11.39% depreciation within a day, marking a loss

December 1, 2023

Nigeria’s Oil Production Declines By 33,000 Barrels As OPEC Reports Setback In September

Business·News·Oil & Gas·World News

OPEC Announces 1 Million Bpd Cut In Monthly Oil Output For 2024 To Bolster Market Stability

In a move aimed at fortifying oil market equilibrium, the Organisation of Petroleum Exporting Countries (OPEC) and its allies announced on Thursday an additional reduction of 1 million barrels per day in monthly oil output, set to commence in 2024. Revealed during

December 1, 2023

Senate Speedily Passes N2.176trn Supplementary Budget, Cites Dry Season As Reason

Business·News·Oil & Gas

Nigerian Senate To Enlist EFCC Against 15 Oil Firms Over N135 Billion CBN Loan

In a heated session, the Nigerian Senate Committee on Gas Resources wielded the sword of the Economic and Financial Crimes Commission (EFCC) against 15 oil and gas companies alleged to have misappropriated a sum of N135 billion in Central Bank of Nigeria

December 1, 2023

Brent Crude Surges To $83 As African Producers Face Quota Tensions

Africa·Business·News·Oil & Gas·World News

Brent Crude Oil Surges To $83 As African Producers Face Quota Tensions

Amidst escalating tensions within the Organization of Petroleum Exporting Countries (OPEC), Brent crude surged to $83.60 per barrel, setting the stage for OPEC’s meeting today. The meeting, which was delayed due to discord among oil-producing nations in Africa demanding higher production baselines, remains

November 30, 2023

Business·Finance & Economy·News

Nigeria’s Economy Will Not Reach $1 Trillion By 2030, Says BDAN Chairman

The Chairman of the Bank Directors Association of Nigeria (BDAN), Mustafa Chike-Obi, dismissed the possibility of Nigeria achieving a $1 trillion economy by 2030. This came after Vice President Kashim Shettima spoke on Tuesday in Abuja during the opening session of the

November 30, 2023

Business·Currency·News

Naira Appreciates To N831/$1 In Official Market Amid CBN’s FX Initiative

The Nigerian naira witnessed a 6.06% appreciation against the dollar, closing at N831.47 on Wednesday at the official market. This upturn follows the Central Bank of Nigeria’s (CBN) move to address the FX backlog, fostering renewed optimism among experts and investors. Yemi

November 30, 2023

Dangote, Others Summoned As Nigeria's Natural Gas Production Drops Despite N250bn Fund

Business·News·Oil & Gas

Dangote, Others Summoned As Gas Production Drops Despite N250bn Fund

The Nigerian Senate has summoned Dangote Refinery and several other prominent entities for an urgent inquiry into the decline in Nigeria’s natural gas production despite the injection of N250bn intervention fund. “The decline occurred despite the infusion of N130bn into 15 companies

November 30, 2023

Chappal Energies Acquires Equinor's Nigerian Assets; OPEC Disagreement Over Country's Oil Output Target

Business·News·Oil & Gas

Chappal Energies Acquires Equinor’s Nigerian Assets Amid OPEC Disagreement on Oil Output

In a development within the oil and gas sector, Chappal Energies, a Nigerian-owned energy company, has sealed a deal to acquire Equinor’s Nigerian business, including a stake in the Agbami oil field. Equinor, a Norwegian energy group, confirmed the transaction in an

November 30, 2023

Finance & Economy·News

Supreme Court Judgment: CBN Notifies Banks To ‘Accept Old, New Naira Notes’

Few hours after the judgment of the Supreme Court on the issue, the Central Bank of Nigeria (CBN) has directed banks in the country to issue and accept the old N200, N500, and N1000 notes alongside the redesigned versions of the banknotes

November 29, 2023

Africa·Agro-Economy·Business·News

Raedial Farms Seals Partnership With Compagnie Fruitere, Diversifying Nigeria’s Agri-Exports

In a stride towards bolstering Nigeria’s agricultural export industry, Raedial Farms Limited, a subsidiary of Raedial Holdings Limited, inked a partnership agreement with Compagnie Fruitere, a French giant renowned for its extensive fruit and vegetable market outreach. The agreement, ceremoniously sealed during the

November 29, 2023

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Finance & Economy - Page 142

US Inflation Lands as Shutdown Risks Starving Fed of Jobs Data for Rate Cuts

Naira Drops By 11.39% To Hit N927/$1 In NAFEM, N1165/$1 In Parallel Market

OPEC Announces 1 Million Bpd Cut In Monthly Oil Output For 2024 To Bolster Market Stability

Nigerian Senate To Enlist EFCC Against 15 Oil Firms Over N135 Billion CBN Loan

Brent Crude Oil Surges To $83 As African Producers Face Quota Tensions

Nigeria’s Economy Will Not Reach $1 Trillion By 2030, Says BDAN Chairman

Naira Appreciates To N831/$1 In Official Market Amid CBN’s FX Initiative

Dangote, Others Summoned As Gas Production Drops Despite N250bn Fund

Chappal Energies Acquires Equinor’s Nigerian Assets Amid OPEC Disagreement on Oil Output

Supreme Court Judgment: CBN Notifies Banks To ‘Accept Old, New Naira Notes’

Raedial Farms Seals Partnership With Compagnie Fruitere, Diversifying Nigeria’s Agri-Exports

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