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Finance & Economy - Page 186

Business·Finance & Economy·Labour·News·Nigeria·Top Stories

Nigeria-Germany Talks Raise Hopes for Power, Jobs, Security Gains

Millions of Nigerians struggling with unreliable electricity and limited job opportunities could see some relief after fresh talks between President Bola Tinubu and Germany’s Chancellor Friedrich Merz. In a brief phone call on Wednesday, the two leaders discussed closer cooperation on power,

February 19, 2026

Finance & Economy

Coca-Cola Considers Options for $6 Billion Africa Unit

Coca-Cola Co. is weighing options for its bottling business in Africa, including a sale or initial public offering, according to people familiar with the matter. The soft drinks giant holds 66.5% of Coca-Cola Beverages Africa and is speaking with potential advisers about

August 28, 2023

IMF Sympathises With Victims Of Kenya Anti-tax Protest

Business·Oil & Gas

IMF Backs Fuel Subsidy Removal, As Gov’ts Spend $7trn To Lower Prices

About $7 trillion was spent globally on explicit and implicit fossil-fuel subsidies in 2022, the International Monetary Fund (IMF) revealed in a new report. With the cost of subsidies rising by $2 trillion over the past two years, the IMF advised governments

August 25, 2023

Business·Currency

Black Market, Official Window Forex Dealers Drop Dollar Rate

Authorised dealers and their clients traded the dollar at the rate of N771.69/$1 at the close of trading in the Investors’ and Exporters’ (I&E) window of the official market on Thursday. This is slightly below the N773.42/$1 rate reported on Wednesday, indicating

August 25, 2023

Naira Ends Week With Marginal Gain Against Dollar

Finance & Economy

Nigeria’s FX Crisis Will Continue Until We Scale Up Production For Export’

The persisting foreign exchange crisis in Nigeria which has seen the naira fall to a record low, especially in recent time, will continue unless the country comes up with an effective strategy to boost production and increase exports, says Pat Utomi, a

August 24, 2023

Business·Currency·Insights

2years Of BDC Ban: Dollar Hoarders Made Whopping 80% Gain From Emefiele’s Infamous Decision

Six days ago, the Central Bank of Nigeria (CBN) lifted the restriction placed on sales of foreign exchange to the Bureau De Change operators by the apex Bank’s suspended chief, Godwin Emefiele. Since his suspension, the CBN’s acting governor, Fola Shonubi, has

August 24, 2023

Business·Currency

Black Market, Official Window Dollar Rates’ Gap Widens To N127 After BDCs Hike USD Price

Foreign exchange traders recorded a slight increase in the price of the United States Dollar (USD) in the official market on Wednesday, as the rate rose to N773.42/$1 from N770.72/$1 rate. However, that was not the only rate offered in the official

August 24, 2023

Business·Entrepreneurship

UNN Student Entrepreneurs 2023

By Jacinta Chisom Oguadinma The University of Nigeria, Nsukka (UNN), is enabling a vibrant community of young entrepreneurs who are using their creativity and ambition to foster positive changes. These student-entrepreneurs excel academically and at the same time actively engage in

August 23, 2023

Business·Oil & Gas

IPMAN Asks FG To Partner With Illegal Refinery Operators In Creeks

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has advised the Federal Government to take advantage of the technology used by illegal refineries. According to the Chairman of IPMAN’s Enugu Depot Community, Chinedu Anyaso, Nigeria’s refining challenges could be resolved with the

August 23, 2023

Official Market Records Decline In Dollar Rate, Trade Flat In Black Market

Business·Currency

Dollar Crashes In Black Market, Maintains Increase In Official Window

FMDQ Exchange reported on Tuesday that the rate of the United States Dollar (USD) increased by N9.2 kobo in the Investors’ and Exporters’ window of the official market. Prime Business Africa learnt that demand pressure dragged the value of the naira down

August 23, 2023

Oil & Gas

Minister Of State For Gas Targets Reduction In Transportation Costs

Ekperikpe Ekpo, Nigeria’s Minister of State for Gas, has embarked on a collaborative mission with the Ministry of Petroleum Resources to tap into the country’s abundant natural gas reserves. The primary goal of this initiative is to alleviate transportation costs for Nigerian

August 23, 2023

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Week Ahead: Nigeria CPI Cools, US-Iran Talks & US PCE in Focus

By Lukman Otunuga In a welcome development for Nigeria’s economy,

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Markets Fall as Iran Signals New Chance for Nuclear Talks

Global shares slipped and oil prices fell on Tuesday after

Soludo Seals Shops for Two Weeks over Monday Sit-at-Home

The Anambra State Government has sealed dozens of shops at

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Finance & Economy - Page 186

Nigeria-Germany Talks Raise Hopes for Power, Jobs, Security Gains

Coca-Cola Considers Options for $6 Billion Africa Unit

IMF Backs Fuel Subsidy Removal, As Gov’ts Spend $7trn To Lower Prices

Black Market, Official Window Forex Dealers Drop Dollar Rate

Nigeria’s FX Crisis Will Continue Until We Scale Up Production For Export’

2years Of BDC Ban: Dollar Hoarders Made Whopping 80% Gain From Emefiele’s Infamous Decision

Black Market, Official Window Dollar Rates’ Gap Widens To N127 After BDCs Hike USD Price

UNN Student Entrepreneurs 2023

IPMAN Asks FG To Partner With Illegal Refinery Operators In Creeks

Dollar Crashes In Black Market, Maintains Increase In Official Window

Minister Of State For Gas Targets Reduction In Transportation Costs

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Week Ahead: Nigeria CPI Cools, US-Iran Talks & US PCE in Focus

Agubuzu: The Igbo Monarch Who Broke the Silence

JNIM’s Incursion into Nigeria’s Security Landscape – The Emerging Threat

Nigeria Reviews MTN Group’s Acquisition of IHS Towers Over Sector Impact

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Week Ahead: Nigeria CPI Cools, US-Iran Talks & US PCE in Focus

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Soludo Seals Shops for Two Weeks over Monday Sit-at-Home

18 Senegalese Fans Jailed After AFCON Final Disturbances in Morocco

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