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Finance & Economy - Page 156

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

Business·Currency·News

Former Finance Minister Says Nigeria’s FX Crisis Worthy Of Guinness World Records

In an assessment of Nigeria’s economic turmoil, former Minister of Finance, Kalu Idika, expressed profound concern over the country’s foreign exchange crisis, suggesting it merits a place in the Guinness World Records. His remarks followed President Bola Tinubu’s recent claims about his

November 23, 2023

News·Oil & Gas·World News

UK Energy Price Surge Worsens Cost-of-Living Crisis

In the wake of escalating energy costs, households across the UK brace for a harsh winter as the regulatory body Ofgem announced a rise in the price cap on energy bills. With the cost-of-living crisis intensifying, Ofgem highlighted that the surge, effective

November 23, 2023

Business·News·Oil & Gas

Nigerian Military Seizes Over 500,000 Litres Of Stolen Crude Oil In One Week

The Nigerian military has seized over 500,000 litres of stolen crude oil as part of an intensified crackdown on illicit activities in the country’s oil-rich Niger Delta region. Maj.-Gen. Edward Buba, Director of Defense Media Operations, declared the success of Operation Delta Safe. Speaking at a

November 23, 2023

Blue Economy: Tinubu Appoints New Executive Directors For NPA, NIMASA

Business·News·Oil & Gas

Nigeria Govt To Revive Marginal Field Bid Round To Fuel Domestic Energy Boost

President Bola Tinubu has given the green light for a new round of bidding to revitalize abandoned oil and gas fields in Nigeria. This announcement, made by Minister of State for Petroleum Senator Heineken Lokpobiri, comes in the wake of the country’s

November 23, 2023

Business·News·Oil & Gas

TotalEnergies Confirms Containment Of Egina FPSO Oil Leak

TotalEnergies has confirmed the containment of the oil leak from the Egina Floating Production Storage and Offloading (FPSO) vessel. Charles Ebereonwu, the company’s Country Communication Manager, assured that the oil leak, which occurred during crude loading on November 15, has been contained.

November 23, 2023

Finance & Economy·News

Research Blames Lagosians For N4 Trillion Loss In Traffic Congestion

Lagos, Nigeria’s commercial hub, loses a staggering sum of N4 trillion yearly, due to perennial traffic congestion that sees a commuter spend an average of two hours to get to work each day. This was revealed in a report tagged ‘Behavioural Causes

November 23, 2023

Business·Currency·News

Zhao Plea Deal: Traders ‘Withdraw Over $1 Billion’ From Binance In 24 Hours

Twenty-four hours after Binance founder, Changpeng Zhao resigned and pleaded guilty in a settlement with United States authorities, outflows from the world’s largest crypto exchange by trade volume have exceeded $1 billion, excluding bitcoin. In a report by CNBC on Wednesday, it

November 23, 2023

Finance & Economy·News

How Black Marketers Profiteer From Nigerian Ports’ E-call Up System

Impunity and corruption are steadily sipping into the administration of the Nigerian Ports Authority (NPA) and Truck Transit Park Limited (TTP) electronic call-up system (ETO) for trucks accessing Lagos ports as black marketers who have no business with the ports, book the

November 22, 2023

Business·News·Oil & Gas

Union Bank Partners UGEAP To Fuel Renewable Energy Development In Nigeria

Universal Green Energy Access Programme (UGEAP) based in Luxembourg and Union Bank of Nigeria have solidified the groundwork for a strategic alliance aimed at propelling the growth of the renewable energy sector in Nigeria. This collaboration, signified by the initial signing of a Memorandum

November 22, 2023

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

Business·News·Oil & Gas

Petrol Hits N630.63/Litre, Diesel N1004.98/Litre In October- NBS

In a revelation by the National Bureau of Statistics (NBS) on Wednesday, the average retail prices of petrol and diesel soared in October 2023. The NBS’s Petrol Price Watch for October disclosed that the average price of petrol reached an eye-watering N630.63 per

November 22, 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 156

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

Former Finance Minister Says Nigeria’s FX Crisis Worthy Of Guinness World Records

UK Energy Price Surge Worsens Cost-of-Living Crisis

Nigerian Military Seizes Over 500,000 Litres Of Stolen Crude Oil In One Week

Nigeria Govt To Revive Marginal Field Bid Round To Fuel Domestic Energy Boost

TotalEnergies Confirms Containment Of Egina FPSO Oil Leak

Research Blames Lagosians For N4 Trillion Loss In Traffic Congestion

Zhao Plea Deal: Traders ‘Withdraw Over $1 Billion’ From Binance In 24 Hours

How Black Marketers Profiteer From Nigerian Ports’ E-call Up System

Union Bank Partners UGEAP To Fuel Renewable Energy Development In Nigeria

Petrol Hits N630.63/Litre, Diesel N1004.98/Litre In October- NBS

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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 156

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