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Finance & Economy - Page 147

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

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

Business·Oil & Gas

2024 Budget: 1.78mpd Oil Production Can Be Achieved – NNPCL Boss

Despite the drop in the crude oil production as indicated in the latest November 2023 report, Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has asserted that 1.785 million barrels of oil per day (bpd) in

December 14, 2023

Business·Finance & Economy·News

CBN Governor Predicts Decline In Inflation, Exchange Rates In 2024

The Central Bank of Nigeria (CBN) Governor, Yemi Cardoso, has predicted a decline in persistently rising inflation and exchange rates in 2024. Addressing the Joint Committee on Banking, Insurance, and Other Financial Institutions in Abuja on Thursday, Cardoso emphasized, “The outlook for

December 14, 2023

OPEC Envisions Medium-Term Emergence Of Modular Refineries In Nigeria

Business·Oil & Gas

How Port Harcourt Refinery Forced Many Nigerians Out Of Business – IPMAN

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said the non-functional state of the Port Harcourt Refinery in Rivers State has pushed many of people out of business by hampering the movement of persons, goods and services. The body disclosed this

December 14, 2023

How Strong Competitive Market Will Stabilise Fuel Price In Nigeria

Business·Oil & Gas

Petrol Should Sell N750/litre In Nigeria But For ‘Partial Return’ Of Subsidy – World Bank

The World Bank has revealed that premium motor spirit, otherwise known as petrol, should be priced in Nigeria at N750 per litre at the pumps unless the government is paying some form of subsidy on the product. The bank’s Lead Economist for

December 13, 2023

Diaspora·News·Real Estate·Top Stories

JAPA: FG Plans Diaspora City, Mortgage For Nigerians In US, Canada, UK

The Federal Government on Wednesday disclosed that it has mortgage plans for Nigerians in the United States, Canada, and the United Kingdom. The Minister of Housing and Urban Development, Ahmed Dangiwa disclosed this while playing host to the Chairman, Nigerians in Diaspora

December 13, 2023

World Bank Report Reveals 34% of Nigeria’s Education, Health Expenditures Lost Due To Absenteeism

Business·Finance & Economy·News

Nigeria To Accumulate N11trn By 2025 From Fuel Subsidy Removal- World Bank

In the latest Nigeria Development Update released by the World Bank, an optimistic forecast suggests Nigeria could accumulate over N11 trillion in savings by 2025 through the removal of fuel subsidies. However, challenges loom as anticipated revenue gains from the subsidy removal

December 13, 2023

Business·Finance & Economy·News

Just In: CBN Halts New Loan Applications For Intervention Programme

The Central Bank of Nigeria (CBN) has halted the acceptance of new loan applications under its Development Finance Intervention Programme, signaling a transition in its operational strategy. In a circular addressed to bank Chief Executives, Sa’ad Hamidu, Acting Director of the Development

December 13, 2023

Business·Oil & Gas

Nigeria Optimistic On Achieving 1.7mpd Crude Despite November Output Drop

The Nigerian government has expressed optimism that the country will reach and exceed the benchmark for the 2024 crude oil budget of 1.7 million barrels per barrel despite a slight decrease in oil output in November 2023.

December 13, 2023

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Currency·News

Experts Advocate Shift In Naira Policy As Currency Falls Marginally To N1186/$1

The Nigerian naira experienced a marginal dip against the U.S. dollar on Tuesday, registering an intraday high of N1186/$1 across both official and parallel markets. This slight decline comes after a rebound on Monday, where the currency appreciated notably at the official

December 13, 2023

Business·News·Oil & Gas

NNPC Reveals 127 Incidents Of Crude Oil Thefts In 1 Week

Amidst escalating concerns, Nigerian National Petroleum Company Limited (NNPCL) has revealed 127 incidents of crude oil theft between December 2 and 8 within the oil-producing regions This was revealed through a report shared on Tuesday. In a candid acknowledgment of the intensifying

December 12, 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 147

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

2024 Budget: 1.78mpd Oil Production Can Be Achieved – NNPCL Boss

CBN Governor Predicts Decline In Inflation, Exchange Rates In 2024

How Port Harcourt Refinery Forced Many Nigerians Out Of Business – IPMAN

Petrol Should Sell N750/litre In Nigeria But For ‘Partial Return’ Of Subsidy – World Bank

JAPA: FG Plans Diaspora City, Mortgage For Nigerians In US, Canada, UK

Nigeria To Accumulate N11trn By 2025 From Fuel Subsidy Removal- World Bank

Just In: CBN Halts New Loan Applications For Intervention Programme

Nigeria Optimistic On Achieving 1.7mpd Crude Despite November Output Drop

Experts Advocate Shift In Naira Policy As Currency Falls Marginally To N1186/$1

NNPC Reveals 127 Incidents Of Crude Oil Thefts In 1 Week

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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 147

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