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Finance & Economy - Page 153

NCDMB Unveils Nationwide Scheme to Equip 10,000 Young Nigerians for Emerging Oil and Gas Jobs

The Nigerian Content Development and Monitoring Board (NCDMB) has announced plans to train over 10,000 young Nigerians in the most sought-after technical and professional skills in the oil and gas sector, under a new initiative tagged the Oil and Gas Field Readiness

October 26, 2025

Saudi Arabia, Russia Extend Oil Production Cuts Till End Of 2023, Pledge to Review

Business·News·Oil & Gas·World News

Saudi Arabia, Russia Extend Oil Production Cuts By 2 Months

In a joint effort to maintain global oil market stability, Saudi Arabia and Russia have announced their commitment to continue voluntary production cuts through December 2023. Saudi Arabia will reduce its output by 1 million barrels per day (b/d), maintaining a production

November 6, 2023

Why No Plan To Withdraw Dormant Refining Licences – Nigerian Govt

Business·News·Oil & Gas

Nigerian Govt To Hold NNPC Accountable For Refinery Rehabilitation By 2024- Lokpobiri

Nigeria’s Minister of State for Petroleum Resources, Heineken Lokpobiri, has voiced the Federal government’s commitment to holding the Nigerian National Petroleum Company Limited (NNPC) accountable for the rehabilitation of the nation’s refineries, as scheduled, by the end of 2024. Lokpobiri delivered this

November 6, 2023

How ‘Virtual Fence’ Can Help Fulani Herdsmen, Stop Farmer-Herder Clashes In Nigeria

Agro-Economy·FEATURES

How ‘Virtual Fence’ Ranching Can Help Fulani Herdsmen, Stop Farmer-Herder Clashes In Nigeria

At a time when farmers and herders are clashing in parts of Africa over open livestock grazing and the impact on farmlands, elsewhere in Europe a new technology that enables fenceless grazing is being increasingly adopted.

November 6, 2023

Diesel Price Drop Will Bring Down Nigeria’s inflation Rate – Dangote

Africa·Business·Finance & Economy·News

Dangote Repatriates Over $576 Million From African Operations, Affirms Commitment

Dangote Industries Limited (DIL) has declared that it has repatriated a sum of over $576 million through Nigerian banks, further solidifying its commitment to Nigeria and its pan-African expansion. The company also revealed a cash swap arrangement of $111.97 million between Dangote

November 6, 2023

SERAP Sues President Tinubu, Demanding Probe Into Missing Billions

Business·Finance & Economy·News

SERAP Sues Tinubu, Demands Probe Into Missing Billions

The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit, seeking to compel President Tinubu to probe the alleged disappearance of over US$15 billion in oil revenues and N200 billion earmarked for refinery repairs between 2020 and 2021, as detailed in

November 5, 2023

Business·Finance & Economy·News

26.5 Million Nigerians At Risk of Hunger In 2024, FAO Warns Amid Food Crisis

The Food and Agricultural Organisation (FAO) has warned that approximately 26.5 million Nigerians are on the brink of hunger in 2024. This assessment comes as the nation faces multiple challenges in its food systems. Primes Business Africa reports that President Bola Tinubu

November 3, 2023

Africa·Business·Finance & Economy·News

Tinubu Commends France For Returning $150m Abacha Loot

President Bola Tinubu has extended Nigeria’s appreciation to France for the return of $150 million, previously embezzled by former Head of State, Gen. Sani Abacha. This development was announced by Catherine Colonna, the Minister of Europe and Foreign Affairs of France, who

November 3, 2023

Naira Falls To ₦1,530/$ At Official Market After Public Holiday

Africa·Business·Currency·News

Naira Trades Below N900/$1 At P2P, Spectators Lament

The Naira has orchestrated a comeback against the US dollar, creating waves across multiple markets. This represents a setback for currency speculators who had been betting against the Nigerian currency. For the first time since August 2023, the exchange rate has plummeted

November 3, 2023

Business·Currency

Naira Hits N972 On Binance As US Dollar Continues To Weaken In Black Market

Naira held its ground in the black market, while the US dollar faced further weakening, with traders speculating on the Federal Reserves’ stance on interest rate hikes

November 3, 2023

Finance & Economy·News

Senate Speedily Passes N2.176trn Supplementary Budget, Cites Dry Season As Reason

Nigerian Senate has post-haste approved the N2.176 trillion 2023 supplementary budget which President Bola Ahmed Tinubu transmitted to the upper legislative chambers on Tuesday.

November 2, 2023

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Finance & Economy - Page 153

NCDMB Unveils Nationwide Scheme to Equip 10,000 Young Nigerians for Emerging Oil and Gas Jobs

Saudi Arabia, Russia Extend Oil Production Cuts By 2 Months

Nigerian Govt To Hold NNPC Accountable For Refinery Rehabilitation By 2024- Lokpobiri

How ‘Virtual Fence’ Ranching Can Help Fulani Herdsmen, Stop Farmer-Herder Clashes In Nigeria

Dangote Repatriates Over $576 Million From African Operations, Affirms Commitment

SERAP Sues Tinubu, Demands Probe Into Missing Billions

26.5 Million Nigerians At Risk of Hunger In 2024, FAO Warns Amid Food Crisis

Tinubu Commends France For Returning $150m Abacha Loot

Naira Trades Below N900/$1 At P2P, Spectators Lament

Naira Hits N972 On Binance As US Dollar Continues To Weaken In Black Market

Senate Speedily Passes N2.176trn Supplementary Budget, Cites Dry Season As Reason

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