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Finance & Economy - Page 150

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 Gains 12.83% Against Dollar, Closes At N843/$1 Amid Forex Dynamics

In a turnaround, the Nigerian Naira staged a robust recovery against the dollar on Thursday, skyrocketing by 12.83% at the official market, reclaiming ground after its plunge. “Confidence makes foreigners want to come to invest in your country and make locals want

December 8, 2023

Finance & Economy·News

How COVID-19 Affects African Economy In 2023 – UN Sec Gen Spokesperson

Stéphane Dujarric, Spokesperson for the United Nations Secretary-General, Antonio Guterres, has opined that the COVID-19 pandemic severely impacted the economies of African countries.

December 7, 2023

Labour·News

Senate Threatens Construction Companies Smuggling Foreign Prisoners To Work In Nigeria

The Chairman of the Senate Committee on Interior, Adams Oshiomhole, has sounded the alarm that prisoners from foreign countries are working at construction sites in Nigeria, threatening to expose the companies involved in the practice. He spoke in Abuja on Wednesday when

December 7, 2023

Business·News·Oil & Gas

NNPC Seals LNG Deals To Fuel Domestic, International Markets

The Nigerian National Petroleum Company Limited (NNPC) has inked an agreement to supply Liquefied Natural Gas (LNG) to both the domestic and international markets. These landmark deals were formalized during separate signing ceremonies held on the sidelines of the United Nations Climate

December 7, 2023

Tinubu Set To Attend COP 28 Summit In Dubai

Business·Finance & Economy·News

Nigerian Govt Allocates N100bn For National CNG, Electric Vehicle Deployment

In a move toward a sustainable and cost-effective transportation future, the Presidential Compressed Natural Gas (CNG) Initiative announced the allocation of N100 billion for the proliferation of CNG buses across Nigeria. The initiative, outlined in a statement released on Wednesday, detailed plans

December 7, 2023

Official Market Records Decline In Dollar Rate, Trade Flat In Black Market

Business·Currency·News

Naira Hits New Record Low At N951/$1 – Experts Urge Drastic Economic Shifts

In a dramatic plunge, the Nigerian Naira plummeted to a historic low of N951/$1, marking a 15.19% depreciation in the official market. Wednesday’s trading saw fluctuations, with an intraday high of N1159.10/$1 and a low of N701/$1, showcasing a concerning spread of

December 6, 2023

Business·News·Oil & Gas

NNPC Signs 2 Gas Deals At COP28

The Nigeria National Petroleum Company Limited (NNPCL) has signed two gas contracts at the ongoing COP28 in Dubai United Arab Emirates (UAE).

December 6, 2023

Business·News·Oil & Gas

2024 Budget: Nigerian Govt Pledges N4.45bn Allocation To Ajaokuta Steel, Seeks N35 Billion Financing For Revival

In a determined move to resuscitate the long-dormant Ajaokuta Steel Company, the Federal Government has earmarked N4.45 billion in the 2024 budget, demonstrating a noticeable increase from the previous year’s allocation of N3.71 billion. This renewed allocation aims to address personnel costs,

December 6, 2023

Business·Oil & Gas

NCDMB Boss Charges Oil And Gas Stakeholders To Double Efforts As Nigerian Content Level Remains At 54% In 2023

Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr Simbi Wabote, has called on stakeholders in the oil and gas industry to step up efforts in increasing Nigerian content level.

December 6, 2023

Business·Currency·News

Naira Appreciates To N806.73/$1, Forex Turnover Hits $142.63m Amidst Stability Efforts

In a turn of events on Tuesday, the Nigerian naira exhibited an uptick against the dollar, closing at N806.73/$1 in the official market, marking a 3.85% appreciation. The Forex turnover surged by 92.93%, hitting $142.63 million, according to data from the Nigerian

December 6, 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 150

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

Naira Gains 12.83% Against Dollar, Closes At N843/$1 Amid Forex Dynamics

How COVID-19 Affects African Economy In 2023 – UN Sec Gen Spokesperson

Senate Threatens Construction Companies Smuggling Foreign Prisoners To Work In Nigeria

NNPC Seals LNG Deals To Fuel Domestic, International Markets

Nigerian Govt Allocates N100bn For National CNG, Electric Vehicle Deployment

Naira Hits New Record Low At N951/$1 – Experts Urge Drastic Economic Shifts

NNPC Signs 2 Gas Deals At COP28

2024 Budget: Nigerian Govt Pledges N4.45bn Allocation To Ajaokuta Steel, Seeks N35 Billion Financing For Revival

NCDMB Boss Charges Oil And Gas Stakeholders To Double Efforts As Nigerian Content Level Remains At 54% In 2023

Naira Appreciates To N806.73/$1, Forex Turnover Hits $142.63m Amidst Stability Efforts

Featured Stories

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 150

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