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Finance & Economy - Page 146

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

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Currency·News

Naira Inches Up Marginally To N888/$1 In Official Market

The Nigerian Naira showcased a slight but noteworthy gain against the dollar on Monday, 18th December 2023, demonstrating fluctuations in both official and parallel markets. Registering a 0.17% appreciation, the currency closed at N888.35 to a dollar, marking a notable shift from

December 18, 2023

News·Real Estate

InfraCredit’s Guarantee Supports Affordable Housing Project In Nasarawa With N12.5bn

InfraCredit, an ‘AAA’-rated specialized infrastructure credit guarantee institution, has announced the guarantee of NGN3 billion initial debt financing under an N12.5 billion debt programme for Modern Shelter Systems

December 18, 2023

$500m World Bank Loan: LCCI Highlights How Nigeria Can Reduce External Borrowing

Business·News·Oil & Gas

LCCI Aligns With World Bank, Urges NNPC Reforms For Economic Stability

In an assertive statement, Dr. Chinyere Almona, Director-General of the Lagos Chamber of Commerce & Industry (LCCI), aligned the Chamber’s stance with the World Bank’s apprehensions regarding the Nigerian National Petroleum Corporation Limited (NNPCL) and other Government-Owned Enterprises (GOEs). She emphasized the

December 18, 2023

Just In: Gov Sanwo-Olu Presents N2.246trn Budget

Business·Finance & Economy·News

Lagos Govt Urges Unified Action For Strong Real Estate Rules To Avert Disasters

Lagos State Governor Babajide Sanwo-Olu has emphasized the urgent need for unified measures within the housing sector to avert potential disasters. Sanwo-Olu made this call while speaking at the Real Estate Market Place Conference and Exhibitions in Lagos. He stressed the importance

December 18, 2023

5 Reasons Nigeria's Crude Oil Production is Declining – And What Next

Business·News·Oil & Gas·World News

Global Crude Oil Demand Slips In Q4 2023, Forecasts Signal Deceleration Into 2024

The International Energy Agency (IEA) revealed a downward shift in the global crude oil demand for the fourth quarter of 2023, marking a significant decrease from projections. The agency anticipates a slip to 101.7 million barrels per day, highlighting a noticeable slowdown

December 17, 2023

Real Estate·World News

‘Istanbul Costlier Than Manhattan?’ – Inflation Forces Turkey’s Central Bank Chief To Live With Parents

The new head of Turkey’s central bank, Hafize Gaye Erkan has moved back in with her parents after being priced out of Istanbul’s property market as a result of galloping inflation. The former finance executive took up the central bank job in

December 17, 2023

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

Finance & Economy·News

Nigeria’s Sub-nationals Rejoice As November Federal Allocation Exceeds N1Trillion

The three tiers of the Nigerian government have shared a whopping N1.088 trillion as November’s revenue to the Federation Account Allocation Committee (FAAC). This major boost from previous months sparked excitement among the federal, state and local governments as the princely sum

December 16, 2023

Business·Currency·News

Naira Gains, Dollar Drops In Official Market Despite Inflation

The Nigerian Naira showcased resilience against the US dollar across official and parallel markets, despite soaring inflation rates reported by the National Bureau of Statistics. November’s inflation figures revealed a surge, reaching a striking 28.20%, painting a grim picture of the intensifying

December 15, 2023

Agro-Economy·Business·News

Agriculture: The Alternative Bank Moves To Tackle Hunger In Ogoniland

The Alternative Bank Limited has moved to tackle hunger in Ogoniland through its Agricultural Community Support Programme (ACSP). Their partnership with over 800 local farmers and Global Entrepreneurship City Limited signals a move towards addressing hunger, reviving agriculture, and tackling environmental distress

December 15, 2023

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

Business·Currency·News

Naira Appreciates To N901/$1: Confidence Key To Stability – Experts

On a day marked by a marginal gain for the Naira against the dollar, the local currency appreciated to close at N901.41 to a dollar at the official market, while holding steady at N1,260/$1 at the black market on Thursday, December 14th,

December 15, 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 146

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

Naira Inches Up Marginally To N888/$1 In Official Market

InfraCredit’s Guarantee Supports Affordable Housing Project In Nasarawa With N12.5bn

LCCI Aligns With World Bank, Urges NNPC Reforms For Economic Stability

Lagos Govt Urges Unified Action For Strong Real Estate Rules To Avert Disasters

Global Crude Oil Demand Slips In Q4 2023, Forecasts Signal Deceleration Into 2024

‘Istanbul Costlier Than Manhattan?’ – Inflation Forces Turkey’s Central Bank Chief To Live With Parents

Nigeria’s Sub-nationals Rejoice As November Federal Allocation Exceeds N1Trillion

Naira Gains, Dollar Drops In Official Market Despite Inflation

Agriculture: The Alternative Bank Moves To Tackle Hunger In Ogoniland

Naira Appreciates To N901/$1: Confidence Key To Stability – Experts

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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 146

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