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Finance & Economy - Page 155

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

Agro-Economy·Business·News

Nigeria’s Stockfish Imports From Norway Declines Amid Economic Challenges

Nigeria which is traditionally the largest importer of Norwegian stockfish, experienced a drop in imports in 2023. Expressing concern over the reduction, the Norwegian Seafood Council revealed during a workshop in Lagos highlighted that challenges linked to Nigeria’s economic recession and currency

November 26, 2023

Agro-Economy·Business·News

The Alternative Bank Signs Multi-Sector Deal For Niger State’s Development

The Alternative Bank has sealed a multiyear deal with the Niger State government, aiming to drive growth across sectors including agriculture, transportation, energy, and infrastructure. “This Memorandum of Understanding represents a pivotal step toward maximizing our agricultural potential,” remarked Mohammed Bago, Governor of

November 25, 2023

CBN Reforms Yielding Positive Returns As FX Transactions Surge To $800m, CBN Gov Assert

Business·Finance & Economy·News

CBN Governor Reveals $1.4B Loss Over 8 Years From 43-Item Forex Restrictions

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso has revealed losses amounting to $1.4 billion over eight years due to the CBN’s ban on 43 items. Cardoso made this revelation at the 58th Annual Bankers’ Dinner organized by the Chartered Institute

November 25, 2023

Agro-Economy·Business·News·World News

French Minister Launches Agri-Food Platform To Boost Nigeria Ties

In a move strengthening ties between France and Nigeria, Minister Olivier Becht inaugurated the “Food for Nations” agri-food platform on Friday. “This collaboration marks an exciting milestone,” Becht stated, emphasizing the platform’s role in fostering bilateral trade and cooperation. “France recognizes the promising

November 25, 2023

How Nigeria’s External Reserves Rose By 5.6% To $38.8bn In 2024 — CBN

Finance & Economy·News

CBN’s Cardoso Hints On New Recapitalisation For Nigerian Banks

The Central Bank of Nigeria (CBN) has hinted on the plan to implement a new round of banking recapitalisation for the Deposit Money Banks (DMBs). This entails commercial banks in the country being required to raise additional capital to meet the demands

November 25, 2023

CBN Governor Predicts Decline In Inflation, Exchange Rates In 2024

Business·Finance & Economy·News

How CBN Strayed From Core Mandate- Cardoso Vows Realignment

Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has unveiled it vision to recalibrate the apex bank’s direction, citing how it strayed away from it core mandate during the previous administration. Highlighting a departure from past practices at the annual bankers’ dinner in

November 25, 2023

Agro-Economy·Business·News

Beef Stew Costs Surge By 17% , Escalating Financial Strain On Nigerian Households

In a disconcerting revelation from the latest stew index report by PricePally, the expense of preparing a pot of beef stew surged by 17 percent in 2023, painting a worrisome picture of escalating financial burdens for households across Nigeria. “Amid the price

November 24, 2023

Naira Falls Against Dollar In Black Market As Demand Increases In FX Market

Business·Currency·News

Naira Slides To N956/$ As Dollar Supply Dwindles

Amidst a 13.78% plunge from its Wednesday closing rate, the Nigerian naira tumbled to N956 against the US dollar on Thursday, marking a distressing downturn in the forex market. According to data sourced from the FMDQ Securities Exchange, the alarming drop was

November 24, 2023

Agro-Economy·Business·News

Nigerians’ Household Spending Surges To N61.07 Trillion Despite Soaring Inflation- NBS

The National Bureau of Statistics (NBS) revealed in its Expenditure and Income Gross Domestic Product (GDP) report that Nigerians spent N61.07 trillion on household consumption in the first half of 2023. This figure represents a 2.83% increase compared to the same period

November 24, 2023

Finance & Economy·News

How NNPCL Paid Idle Kaduna Refinery Workers For 20 Years – Speaker Abbas

The Speaker of the House of Representatives, Tajudeen Abbas, yesterday said that for Nigeria to avoid more wasteful years of non-performing public assets in the oil sector, the Nigerian National Petroleum Company Limited, (NNPCL) must come up with creative ways for optimal

November 24, 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 155

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

Nigeria’s Stockfish Imports From Norway Declines Amid Economic Challenges

The Alternative Bank Signs Multi-Sector Deal For Niger State’s Development

CBN Governor Reveals $1.4B Loss Over 8 Years From 43-Item Forex Restrictions

French Minister Launches Agri-Food Platform To Boost Nigeria Ties

CBN’s Cardoso Hints On New Recapitalisation For Nigerian Banks

How CBN Strayed From Core Mandate- Cardoso Vows Realignment

Beef Stew Costs Surge By 17% , Escalating Financial Strain On Nigerian Households

Naira Slides To N956/$ As Dollar Supply Dwindles

Nigerians’ Household Spending Surges To N61.07 Trillion Despite Soaring Inflation- NBS

How NNPCL Paid Idle Kaduna Refinery Workers For 20 Years – Speaker Abbas

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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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INEC Clarifies Rationale for 2027 General Election Dates, Signals Possible Review After Stakeholder Concerns

Elumelu Presses Tinubu on Power-Sector Debts

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

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

INEC Clarifies Rationale for 2027 General Election Dates, Signals Possible Review After Stakeholder Concerns

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Finance & Economy - Page 155

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