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Finance & Economy - Page 19

Arab Bank, DCO Agree on Framework for Cooperation on Inclusive, Sustainable Digital Economies

The Digital Cooperation Organization (DCO), the world’s first standalone international intergovernmental organization dedicated to accelerating inclusive and sustainable digital economies, and the Arab Bank for Economic Development in Africa (BADEA) Friday signed a Memorandum of Understanding (MoU) as part of an ongoing

November 1, 2025

Business·Oil & Gas

Nigeria’s Oil Rig Count Rises By 38 To 46 In Two Years – NUPRC Boss

Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr Gbenga Komolafe, has stated that Nigeria’s oil rigs have risen to 46 from eight in the last two years. This increase indicates a thriving petroleum industry. Speaking on Wednesday at a

July 9, 2025

Finance & Economy

Naira Stability: Analysts Project Nigeria’s FX Reserves To Hit $41bn By Year End

Analysts have projected that with the naira continuing its gains, Nigeria’s foreign exchange (FX) reserves would reach $41 billion by the end of the year, slightly more than what was recorded in 2024. CardinalStone, a Lagos-based research and investment firm, made this prediction

July 9, 2025

Business·Oil & Gas

Again, Dangote Refinery Slashes Petrol Ex-depot Price To ₦820

Dangote Refinery has further reduced its ex-depot price of Premium Motor Spirit (PMS), also known as petrol, to ₦820. This is the second reduction by the company in a week. It had on Monday, 30 June, announced a reduction in the price

July 8, 2025

Business·Oil & Gas

Dangote Refinery To Start Processing Only Nigerian Oil By Year End

Dangote Refinery expects to start processing only Nigerian crude oil by the end of 2025. Devakumar Edwin, Vice President of Oil and Gas at Dangote Industries, made this known in an interview with Bloomberg at the Lekki Free Trade Zone refinery complex

July 8, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 8th July 2025

What is the dollar-to-naira exchange rate on the black market, like the Aboki Fx? The exchange rate for the US dollar (USD) to Nigerian naira (NGN) in the parallel market, also known as black market, as of 8th July 2025, is N1,560

July 8, 2025

Business·Currency·Markets

Naira Opens Week With Gain Across FX Markets

The Nigerian naira opened the new week on a positive note, as it gained against the US dollar in both the official and parallel foreign exchange markets on Monday, 7 July 2025. According to Central Bank of Nigeria data, the naira rose

July 7, 2025

Business·Oil & Gas

NUPRC’s Revenue Rises By 176.7% To ₦12.2trn In 2024

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) recorded a historic high of ₦12.2 trillion revenue in 2024. This represents a 176.7 percent surge compared to ₦4.3 trillion recorded in 2023. The 2024 performance report released by NUPRC revealed that it recorded ₦3.7 trillion

July 6, 2025

Business·Currency·Markets

Naira Depreciates Against Dollar, Ending The Week On Negative Note

After ending last month and beginning the week on a positive note, the Nigerian naira depreciated against the US dollar at the foreign exchange market on Friday, 4 July 2025. The naira closed at N1,528.56 per dollar at the official market, according

July 5, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 5th July 2025

July 5, 2025

Business·Oil & Gas

NUPRC Opens Up On Failure Of Oil Producers To Supply Crude To Dangote Refinery

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) addressed the ongoing controversy between oil producers and the Dangote Refinery over crude oil supply, highlighting regulatory challenges, and the broader implications for Nigeria’s energy sector. The Commission shared its challenges in trying to mandate

July 4, 2025

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Finance & Economy - Page 19

Arab Bank, DCO Agree on Framework for Cooperation on Inclusive, Sustainable Digital Economies

Nigeria’s Oil Rig Count Rises By 38 To 46 In Two Years – NUPRC Boss

Naira Stability: Analysts Project Nigeria’s FX Reserves To Hit $41bn By Year End

Again, Dangote Refinery Slashes Petrol Ex-depot Price To ₦820

Dangote Refinery To Start Processing Only Nigerian Oil By Year End

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 8th July 2025

Naira Opens Week With Gain Across FX Markets

NUPRC’s Revenue Rises By 176.7% To ₦12.2trn In 2024

Naira Depreciates Against Dollar, Ending The Week On Negative Note

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 5th July 2025

NUPRC Opens Up On Failure Of Oil Producers To Supply Crude To Dangote Refinery

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