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Finance & Economy - Page 149

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 Depreciation Spurs Export Surge To N35trn

Business·Currency

Here’s How You Can Identify Fake Naira Notes CBN Warned About

Against the backcloth of the credible alarm raised by the Central Bank of Nigeria (CBN) over the circulation of fake naira notes, particularly the higher denominations in parts of the country, the following are means through which such counterfeit currency notes can

December 10, 2023

NNPC Reveals 127 Incidents Of Crude Oil Thefts In 1 Week

Business·News·Oil & Gas

About 4,800 Illegal Pipeline Connections Nationwide- NNPCL Reveals

The Group Chief Executive Officer of the Nigerian National Petroleum Company Ltd. (NNPCL), Mele Kyari, highlighted 4,800 illegal connections discovered across 5,000 kilometers of oil pipelines throughout Nigeria. During a presentation before the Senate Committee on Appropriations, Kyari highlighted the grave impact

December 10, 2023

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

Business·News·Oil & Gas·World News

COP28: OPEC Urges Members To Reject Fossil Fuel Phase-Out, Stresses Emission Cuts

OPEC’s Secretary General, Haitham Al-Ghais, called upon member nations to prioritize emission reductions over targeting fossil fuels, citing the necessity for a fair transition. Al-Ghais expressed concerns about politically motivated campaigns endangering global prosperity and urged proactive rejection of any discourse exclusively

December 10, 2023

Business·Finance & Economy·News

Moodys Upgrades Nigeria’s Credit Outlook To Positive Amid Inflation Rate Of 27.33%

Moody’s Investors Service, a global rating agency, has shifted Nigeria’s credit outlook from stable to positive, heralding a potential reversal in the country’s fiscal and external decline due to robust government reforms. Announced on Friday, December 8, 2023, Moody’s attributed this upward

December 9, 2023

Business·Oil & Gas

Cooking Gas Price To Crash As FG Lifts VAT, Import Duty On LPG

In a bid to reduce the soaring price of cooking gas in the country, the Nigerian government has exempted the importation of liquefied petroleum gas (LPG) and its equipment from the payment of import duty and value-added tax (VAT). The Ministry of

December 9, 2023

Nigerian Naira Vs U.S. Dollar: What To Expect This Week (17th-22nd, March 2025)

Business·Currency·News

Naira Plunges To N1,099/$1 In Official Market, Triggering Economic Concerns Ahead Of Christmas

The Nigerian Naira hit an unprecedented low, closing at N1,099.05 per dollar on Friday, December 8th, 2023, in the official market. This marked a staggering depreciation from its previous rate, setting a new and concerning trend just weeks before the Christmas holidays.

December 8, 2023

Entrepreneurship·Startup

Money Raised But Not Wired: Unimaginable Struggles of Nigerian Startups

While Nigerian startups continue to make waves globally with their innovative ideas and technological prowess, a less-told narrative is emerging — the hidden struggles of startup founders in translating raised capital into operational funds. Startup founders across various sectors are grappling with

December 8, 2023

Business·Currency·News

CBN Warns Over Surge In Fake Naira; Urges Vigilance Amidst Growing Concerns

In response to the escalating circulation of forged higher denomination banknotes within various commercial hubs across Nigeria, the Central Bank of Nigeria (CBN) has issued a warning on the surge in fake naira notes, emphasizing severe penalties for counterfeiting currency. Expressing deep

December 8, 2023

Africa·News·Oil & Gas

COP28: Africa Shortchanged In Global Renewable Energy Investment, Adesina Warns

President of the African Development Bank (AfDB), Dr. Akinwunmi Adesina, revealed statistics highlighting Africa’s disproportionate share of global renewable energy investments. Adesina in an address at the Sustainable Trade Africa Conference in Dubai emphasized how this disparity, particularly in light of the European Union’s (EU)

December 8, 2023

Supreme Court Judgment On LG Autonomy Not A Silver Bullet To Nigeria's Problems – Makinde

Finance & Economy·News·Politics

Oyo State Govt Approves Contract For 84.7km Ibadan Inner Road, Other Initiatives

In a move following Governor ‘Seyi Makinde’s pledge to revamp internal roads in Ibadan, the Oyo State government has approved contracts for the reconstruction and repair of inner-city roads within the Ibadan metropolis, covering a span of 84.75km. At the 8th Executive Council Meeting,

December 8, 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 149

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

Here’s How You Can Identify Fake Naira Notes CBN Warned About

About 4,800 Illegal Pipeline Connections Nationwide- NNPCL Reveals

COP28: OPEC Urges Members To Reject Fossil Fuel Phase-Out, Stresses Emission Cuts

Moodys Upgrades Nigeria’s Credit Outlook To Positive Amid Inflation Rate Of 27.33%

Cooking Gas Price To Crash As FG Lifts VAT, Import Duty On LPG

Naira Plunges To N1,099/$1 In Official Market, Triggering Economic Concerns Ahead Of Christmas

Money Raised But Not Wired: Unimaginable Struggles of Nigerian Startups

CBN Warns Over Surge In Fake Naira; Urges Vigilance Amidst Growing Concerns

COP28: Africa Shortchanged In Global Renewable Energy Investment, Adesina Warns

Oyo State Govt Approves Contract For 84.7km Ibadan Inner Road, Other Initiatives

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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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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 149

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