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Finance & Economy - Page 144

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

What Govt Should Do To Rein In Inflation

Business·Finance & Economy·News

Inflation’s Grip Tightens As Nigerians Brace For A Pricey Christmas Amid Soaring Costs

As Christmas approaches, Nigerians face mounting financial strain due to relentless inflation that continues to erode their purchasing power. The cost of essential items crucial for a festive celebration has surged, leaving many households grappling with financial constraints. According to the National

December 24, 2023

NNPC: Petrol Import To Stop As Port Harcourt Refinery Begins Operations Soon

Business·News·Oil & Gas

Port Harcourt Refinery’s Phase 2 Repair Set For Completion In Q4 2024 – Kyari

Group Chief Executive Officer of the Nigeria National Petroleum Company Limited (NNPCL), Mele Kyari, has reassured that the second phase of repair works at the Port Harcourt refinery will be completed by the fourth quarter of 2024.

December 23, 2023

Nigeria Reaffirms OPEC Commitment Amid Angola's Exit, Aims To Exceed Production Targets

Africa·Business·News·Oil & Gas

Nigeria Reaffirms Commitment To OPEC, Aims To Exceed Production Targets Amid Angola’s Exit

Following Angola’s withdrawal from the Organisation of Petroleum Exporting Countries (OPEC), Nigeria has reiterated its allegiance to OPEC while vowing to surpass production targets set by the organisation in 2024. Addressing concerns about membership in OPEC, the country’s Minister of State for

December 23, 2023

Business·Finance & Economy·News

How Nigeria Can Generate Trillions Annually From Non-Oil Assets – Taiwo Oyedele

Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, said Nigeria has a great potential to amass an annual revenue of N10 trillion by efficiently managing its non-oil assets. Oyedele, who spoke at the Harvard Business School Association

December 23, 2023

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Currency·News

Naira Weakens To N885.88/$1, Stirring Christmas Spending Concerns

The Nigerian naira faced a 2.71% depreciation against the dollar on Friday, closing at N885.88/$1. The situation, compounded by a 22% reduction in forex turnover to $92.16 million, has sparked worries about potential impacts on the imminent Christmas holiday. Addressing the unfolding

December 23, 2023

Business·News·Oil & Gas

Dangote Refinery Receives Additional 1Million-Barrel Crude Shipment

Dangote Refinery has marked a significant step forward in its path to commencing the production of refined petroleum products as it has received an additional one million barrels of bonny light crude from the Nigeria National Petroleum Corporation Limited (NNPCL) This signals a

December 22, 2023

News·Oil & Gas

Nigerian Govt Announces ‘Mechanical Completion’ Of Port Harcourt Refinery, States When Fuel Production Starts

The Port Harcourt Refining Company (PHRC) in Rivers State is about to recommence operations in line with the Nigerian government’s promise to ensure the production of refined petroleum products at the facility in December 2023. With the subsisting effects of the removal

December 21, 2023

Business·News·Oil & Gas

Oil Theft: Army Discovers 636 Illegal Refining Sites, Seizes 21.7M Litres Of Crude Worth N54bn In 5 Months

In an extensive and relentless operation spanning five months, the Nigerian military has made significant strides against oil theft, unearthing 636 illegal refining sites and intercepting a mammoth 21.7 million litres of crude oil valued at N54 billion. This crackdown is part

December 21, 2023

Business·Finance & Economy·News

Nigerian Lawmakers Advocate Adoption Of Chinese Yuan To Safeguard Naira

In a bid to fortify the Nigerian economy against the volatility of the Naira and enhance trade relations, the House of Representatives has pushed for the adoption of the Chinese Yuan as an official foreign exchange reserve currency. This initiative emerged following

December 21, 2023

Lawmakers To Investigate $60 Billion Revenue Loss From Alleged Inflated Cash Calls By NNPC

Business·News·Oil & Gas

Lawmakers To Investigate $60bn Revenue Loss From Alleged Inflated Cash Calls By NNPC

In a move to address revenue loss amounting to over $60 billion, the House of Representatives has pledged to launch an investigation into the Nigerian National Petroleum Company Limited (NNPC) Joint Venture Agreements. The decision, triggered by a motion presented by Chika

December 21, 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 144

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

Inflation’s Grip Tightens As Nigerians Brace For A Pricey Christmas Amid Soaring Costs

Port Harcourt Refinery’s Phase 2 Repair Set For Completion In Q4 2024 – Kyari

Nigeria Reaffirms Commitment To OPEC, Aims To Exceed Production Targets Amid Angola’s Exit

How Nigeria Can Generate Trillions Annually From Non-Oil Assets – Taiwo Oyedele

Naira Weakens To N885.88/$1, Stirring Christmas Spending Concerns

Dangote Refinery Receives Additional 1Million-Barrel Crude Shipment

Nigerian Govt Announces ‘Mechanical Completion’ Of Port Harcourt Refinery, States When Fuel Production Starts

Oil Theft: Army Discovers 636 Illegal Refining Sites, Seizes 21.7M Litres Of Crude Worth N54bn In 5 Months

Nigerian Lawmakers Advocate Adoption Of Chinese Yuan To Safeguard Naira

Lawmakers To Investigate $60bn Revenue Loss From Alleged Inflated Cash Calls By NNPC

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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

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 144

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