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Finance & Economy - Page 164

Tinubu Engages Labour Leaders in Midnight Meeting Over Planned National Protest

President Tinubu on Tuesday night held a closed-door meeting with the leadership of the Nigeria Labour Congress (NLC) at the State House, Abuja, as efforts intensified to avert a proposed nationwide protest by organised labour over Nigeria’s worsening insecurity. Prime Business Africa

December 17, 2025

Business·Oil & Gas

Nigeria’s September Oil Production Hits 1.5 Million Barrels, Bolsters OPEC Output

Nigeria, a vital member of the Organization of Petroleum Exporting Countries (OPEC), recorded a surge in crude oil production in September 2023.

October 13, 2023

Business·Currency

CBN Finally Lifts Forex Restrictions On 43 Items Banned By Emefiele [FULL LIST]

Nine years after the Central Bank of Nigeria (CBN) under its former Governor, Godwin Emefiele, placed restriction on access to the official foreign exchange (forex) market for the importation of some 43 items, the ban was on Thursday lifted by the

October 12, 2023

Business·Oil & Gas

Nigeria’s Gas Industry In Crisis As Drilling Costs Skyrocket To $30m, Operators Warn

Nigeria’s pursuit of leveraging its natural gas reserves for industrialization and development has suffered a setback, as drilling cost for gas wells is climbing to $30 million. At a media parley and training session for energy reporters, the Nigerian Gas Association (NGA)

October 12, 2023

Naira Appreciates To N869/$1 As Experts Debate Stability

Business·Currency·News

Naira-Dollar Exchange Rate Hits N1,040 In Parallel Market As Scarcity Grows

The exchange rate between the Nigerian Naira and the US Dollar has taken a plunge, reaching N1,040 at the parallel market. This latest development stems from the battle between soaring demand and a constrained supply of foreign exchange in the country. Forex

October 11, 2023

Business·News·Oil & Gas

Oil Assets Divestments Will Boost Production, Employment – Wabote

The Nigerian oil and gas industry is poised for a boost in crude oil production, employment creation, and capital injection with the planned divestment of some assets by select international oil and gas companies and concomitant acquisition by operating indigenous companies, the

October 11, 2023

Business·Oil & Gas

Nigerian Regulator Upbeat As Seplat Speeds Up $1.3bn ExxonMobil Asset Purchase Deal

Seplat Energy Wednesday expressed optimism on finalizing talks that will allow it to conclude the deal to purchase ExxonMobil’s offshore shallow water assets. This is as the regulator, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is “very optimistic” that the sale of

October 11, 2023

News·Oil & Gas

Nigerian Content Key To Meeting Renewed Hope Agenda – Petroleum Minister

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has identified the effective implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act 2010 as one of the key levers for actualizing the Renewed Hope Agenda of

October 11, 2023

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

Business·Oil & Gas

Senate Demands Stiffer Punitive Measures As Nigeria Loses N2.3trn To Crude Oil Theft

Senator Ned Nwoko has disclosed that Nigeria has suffered a loss of N2.3 trillion due to crude oil theft in 2023. Disclosing this yesterday, he emphasized that the socio-economic impact of pipeline vandalism and oil bunkering has plunged the nation into a

October 11, 2023

NNPC Doesn’t Have Fuel To Sell – Oil Marketers’ Depot Chairman Says

Business·Oil & Gas

NNPCL Lying To Nigerians, Country Will Burn Without Fuel Subsidy – Oil Marketers

Oil marketers in the country under the aegis of Independent Petroleum Marketers Association of Nigeria (IPMAN) has accused the Nigerian National Petroleum Company Limited (NNPCL) of twisting the facts as regards the reintroduction of fuel subsidy. This was as they wondered what

October 11, 2023

Nigeria’s Crude Oil Production Surges To 1.3mbpd

Business·Oil & Gas

OPEC Projects $14tn Investment Required To Satisfy Surging Oil Demand

The Organisation of Petroleum Exporting Countries (OPEC) has unveiled its 2023 World Oil Outlook with a projection of soaring oil demand and an urgent call for a $14 trillion investment. This perspective sets them apart from other forecasters, particularly the International Energy

October 10, 2023

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Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

The UK Labour government has expanded its existing sugar tax

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Finance & Economy - Page 164

Tinubu Engages Labour Leaders in Midnight Meeting Over Planned National Protest

Nigeria’s September Oil Production Hits 1.5 Million Barrels, Bolsters OPEC Output

CBN Finally Lifts Forex Restrictions On 43 Items Banned By Emefiele [FULL LIST]

Nigeria’s Gas Industry In Crisis As Drilling Costs Skyrocket To $30m, Operators Warn

Naira-Dollar Exchange Rate Hits N1,040 In Parallel Market As Scarcity Grows

Oil Assets Divestments Will Boost Production, Employment – Wabote

Nigerian Regulator Upbeat As Seplat Speeds Up $1.3bn ExxonMobil Asset Purchase Deal

Nigerian Content Key To Meeting Renewed Hope Agenda – Petroleum Minister

Senate Demands Stiffer Punitive Measures As Nigeria Loses N2.3trn To Crude Oil Theft

NNPCL Lying To Nigerians, Country Will Burn Without Fuel Subsidy – Oil Marketers

OPEC Projects $14tn Investment Required To Satisfy Surging Oil Demand

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