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Finance & Economy - Page 142

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

NUPRC Mandates Oil Licence Holders To Pay $5,000 For Extension

News·Oil & Gas

Oil Production: NUPRC Mandates Allocation Of 483,000 bpd To Local Refineries In 2024

NUPRC has mandated oil producers to allocate not less than 483,000 barrels per day (bpd) of crude oil to domestic refineries for the initial half of 2024.

December 31, 2023

#EndBadGovernance Protests: PDP Criticises Tinubu's Silence, Demands Immediate Response

Finance & Economy

How President Tinubu Is Violating Laws With Securitization Of N7.3trn Ways-and-Means Revenue From CBN

President Bola Tinubu's push for the securitization of the 7.388 trillion Naira debit balance within the Consolidated Revenue Fund (CRF) has ignited a fiery debate in the legislative arena and Nigerians.

December 31, 2023

Business·News·Oil & Gas

IPMAN Threatens Operational Suspension In Anambra State Over Unpaid N900 Million Debt

The Independent Petroleum Marketers Association of Nigeria (IPMAN) issued a warning to halt its operations in Anambra State due to the Anambra State Government’s failure to settle a debt amounting to N900 million. Mr. Chinedu Anyaso, Chairman of the IPMAN Enugu Depot Community, voiced

December 29, 2023

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

Business·Currency·News

Nigeria’s Foreign Reserves Hit Six-Year Low At $32.87bn As Naira Struggles

Nigeria’s economic landscape faces fresh turmoil as the country’s foreign exchange reserves hit a bleak low, recording $32.87 billion at December’s close, marking a six-year nadir. The data, revealed via the Central Bank of Nigeria’s website, signals a concerning trend, indicating a

December 29, 2023

Business·Currency

Naira To Sustain Depreciation In 2024 – Analysis Reveals

A grim forecast by Bloomberg L.P. has surfaced, signaling a continued slump of the Naira throughout 2024.

December 29, 2023

Nigeria's Inflation Rate Hits 33.88% In October Amid Fresh Fuel Price Spike

Business·Finance & Economy

Nigerians Grapple With Soaring Living Costs, Borrow N740bn Amidst Inflation Surge

Nigerians have borrowed approximately N740 billion from banks between January and September this year, according to the Central Bank of Nigeria's quarterly economic reports.

December 29, 2023

How Nigeria’s External Reserves Rose By 5.6% To $38.8bn In 2024 — CBN

Finance & Economy·Opinion

CBN: Working Towards A Healthy Economy

By Arize Nwobu Some of the parameters that are used to define a healthy economy include the levels of imports and exports, exchange rate, interest rate, unemployment rate, consumer confidence and inflation rate. Exchange rate is the price of one currency

December 29, 2023

Naira Appreciates To N869/$1 As Experts Debate Stability

Business·Currency

Nigerian Naira Plummets To New Low, Hits N1,043.09/$ In Official Market

The Nigerian Naira plunged to a troubling low, closing at N1,043.09 against the dollar, marking a depreciation of 16.35% and signaling deep concerns for the country's economy just days before 2024.

December 29, 2023

Dangote Refinery Boosts U.S. Jet Fuel Supply As Demand Rises

Business·News·Oil & Gas

Dangote Refinery Moves Closer To Begin Full Operations As It Receives Third Crude Shipments Of 1 Million Barrels

The Dangote Petrochemical Refinery has received its third consignment of one-million-barrel crude oil cargo from Shell International Trading and Shipping Company Limited (STASCO), marking a progression in its quest to commence petroleum refining in Nigeria. “We’re more than ready and you will

December 28, 2023

Business·Oil & Gas

Nigeria’s Riverside LNG To Supply Gas To South Africa

Nigeria-based Riverside LNG is engaging in discussions to supply gas to South Africa, marking the potential initiation of the first-ever gas deal between the two nations. Bloomberg reported on Wednesday that the company, led by Chief Executive Officer David Ige, who spearheaded

December 28, 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 142

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

Oil Production: NUPRC Mandates Allocation Of 483,000 bpd To Local Refineries In 2024

How President Tinubu Is Violating Laws With Securitization Of N7.3trn Ways-and-Means Revenue From CBN

IPMAN Threatens Operational Suspension In Anambra State Over Unpaid N900 Million Debt

Nigeria’s Foreign Reserves Hit Six-Year Low At $32.87bn As Naira Struggles

Naira To Sustain Depreciation In 2024 – Analysis Reveals

Nigerians Grapple With Soaring Living Costs, Borrow N740bn Amidst Inflation Surge

CBN: Working Towards A Healthy Economy

Nigerian Naira Plummets To New Low, Hits N1,043.09/$ In Official Market

Dangote Refinery Moves Closer To Begin Full Operations As It Receives Third Crude Shipments Of 1 Million Barrels

Nigeria’s Riverside LNG To Supply Gas To South Africa

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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

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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 142

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