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Finance & Economy - Page 155

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

Business·Oil & Gas

African Oil Producers Gather In Abuja To Define Industry Future

In light of the impending energy transition and the diminishing financial support for the hydrocarbon sector, eighteen member nations of the African Petroleum Producers Organization (APPO) are gathering for the third Africa Local Content Roundtable to map out a course for the

October 27, 2023

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

Business·Currency

Just In: Naira Gains, Exchanges at N1,113/$ In P2P Market

The Nigerian naira witnessed an impressive surge in the Peer-to-Peer (P2P) market, strengthening by a significant N166 against the US dollar in a few hours.

October 27, 2023

Business·Finance & Economy·News

US To Support Nigeria With $244 Million To Boost Small Businesses, Agriculture

The United States has extended a helping hand to 18,000 small businesses in Nigeria with an investment of $244 million in a move to drive economic development and entrepreneurship. This initiative, known as the “Feed the Future Nigeria Agribusiness Investment activity,” celebrated

October 27, 2023

Business·Currency·News

Naira Surges 0.76% To N1,300/$1 In Black Market After 3 Weeks

In a turn of events, the Naira made a recovery against the US Dollar on Wednesday, as it appreciated to N1,300 per dollar on the black market, marking a 0.76% increase equivalent to N10 compared to the previous day’s rate of N1,310.

October 27, 2023

News·Oil & Gas

NCDMB Boss Warns Against Altering Petroleum Industry Act

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has advised that making unending changes to the structures set up by Petroleum Industry Act 2021 could kill the confidence of investors and stall new projects

October 26, 2023

Fresh Petrol Price Hike Stokes Fears Of Further Inflation Spike In Nigeria

Business·News·Oil & Gas

Fuel Scarcity Looms As Forex Crisis Causes 90% Depot Shutdown

Players in the downstream sector of Nigeria’s oil industry have lamented that 90 per cent of depots operated by independent oil marketers are currently closed owing to the volatility in the foreign exchange (forex) market and difficulties in the local distribution channel.

October 25, 2023

Business·Currency

Naira Falls To N847/$ Official Exchange Rate

The official exchange rate witnessed a sharp decline, with the naira weakening to N847 against the dollar, marking a 6.93% drop from yesterday’s rate of N793. Data sourced from the official NAFEM window reveals this significant shift. READ ALSO:Experts Call For Local

October 25, 2023

Nigerian Govt Must Prioritise Investment In Agriculture To Boost Economy – Experts

Agro-Economy·News

Nigerian Govt To Boost Food Production With Water Resources

The Minister of Water Resources and Sanitation, Joseph Utsev, has expressed the resolve of the Federal Government to use the country’s water resources as a strategy to boost production of food and ensure that food was secured in the country, especially in

October 25, 2023

Jigawa Residents Spent More On Petrol In June

Business·Oil & Gas

How Forex Scarcity Hinders Marketers From Importing Petrol – NMPDRA

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has disclosed that the challenge of Forex illiquidity was the reason behind the decline in the number of approved importers bringing petrol cargoes into the country. This, according to the Regulatory Authority, has

October 24, 2023

Nigerian Oil Industry On Steady Growth Trend Despite IOCs Investment Decline - Wabote

Business·News·Oil & Gas

Nigerian Oil Industry On Steady Growth Despite IOC’s Investment Decline – Wabote

The Nigerian oil and gas industry is growing steadily across several fronts despite reduced investments due to the global quest for cleaner energy and divestments of some onshore and shallow assets by a few international oil companies, the Executive Secretary Nigerian Content

October 24, 2023

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Finance & Economy - Page 155

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

African Oil Producers Gather In Abuja To Define Industry Future

Just In: Naira Gains, Exchanges at N1,113/$ In P2P Market

US To Support Nigeria With $244 Million To Boost Small Businesses, Agriculture

Naira Surges 0.76% To N1,300/$1 In Black Market After 3 Weeks

NCDMB Boss Warns Against Altering Petroleum Industry Act

Fuel Scarcity Looms As Forex Crisis Causes 90% Depot Shutdown

Naira Falls To N847/$ Official Exchange Rate

Nigerian Govt To Boost Food Production With Water Resources

How Forex Scarcity Hinders Marketers From Importing Petrol – NMPDRA

Nigerian Oil Industry On Steady Growth Despite IOC’s Investment Decline – Wabote

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