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Finance & Economy - Page 198

Tinubu Signs Executive Order Redirecting Oil, Gas Revenues to Federation Account

President Tinubu has signed an Executive Order mandating the direct remittance of oil and gas revenues to the Federation Account, in a sweeping fiscal move that alters key revenue-retention provisions under the Petroleum Industry Act (PIA), Prime Business Africa reports. The order,

February 19, 2026

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business·Currency

Naira To Dollar Rate Fall To N756 In Official Market, Increases In Black Market

The naira to dollar rate closed at N756.61/$1 in the investors’ and exporters’ window of the official market on Tuesday, 19 June. Prime Business Africa learnt from the FMDQ Exchange that the price of the dollar depreciated by N13.77 kobo or 1.78%

June 21, 2023

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

Business·Oil & Gas

What You Need To Know, As Six Nigerian Companies Get Fuel Importation License

Six oil companies have been given the approval to import petroleum products into Nigeria, starting from July 2023, the Managing Director of the Nigeria Mainstream and Downstream Petroleum Regulatory Authority (NMDRA), Farouk Ahmed, disclosed. Ahmed, on Monday, 19 June, said the companies

June 20, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Dollar Rate Rises To N770/$1 In Official Market, Trade At N757 In Black Market

The official market has turned the tide against the black market, as the gap between both foreign exchange channels is N12.98 kobo, as of Monday, 19 June 2023. Prime Business Africa notes that the official market rate closed above that of the

June 20, 2023

NNPC Refutes Viral Claims That Its Fuel Does Not Last

Labour·News

FG, Labour Resume Talks Over Fuel Subsidy Removal

Meeting on the recent removal of fuel subsidy between the federal government and organised labour is underway at the Presidential Villa, Abuja, to discuss various interventions

June 19, 2023

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Currency

GTBank, Zenith, Others Receive 6 New Forex Directives From CBN

The domiciliary account withdrawal limit has been increased to $10,000 per day by the Central Bank of Nigeria (CBN), as the apex bank issues six new directives to Deposit Money Banks (DMBs). CBN released new foreign exchange (Forex) directives to commercial banks

June 19, 2023

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Black Market’s Dollar, Euro And Pound Rates Rise, USD Drops By N39 In Official Market

In the Bureau De Change window of the black market, the cost of the dollar, euro and the British pound increased on Friday, as the value of the naira fell. According to Naira Rates, a parallel rate aggregator, the average price the

June 19, 2023

Jigawa Residents Spend More On Petrol As Price Rises By 223.21% To N770

Business·Finance & Economy

Subsidy Removal: ‘Govt Should Allow Full Deregulation To Engender Healthy Competition In Petrol Supply, Better Price’

With the announcement of the removal of subsidy on petrol, the Federal Government has been urged to allow full deregulation of the downstream sector of the oil and gas industry to engender healthy competition in supply of the products. Nigerians have continued

June 18, 2023

NNPC, Oil Marketers Disagree Over Fuel Subsidy Regime Contract

Finance & Economy

Subsidy Removal: States To Share More Revenues – Expert

Economic experts have expressed optimism that the removal of subsidy on Premium Motor Spirit (PMS) also known as petrol by President Bola Tinubu will lead to increase in share of revenue by states.

June 16, 2023

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Official Market Traders Increase Dollar Rate To N702, Black Market USD, Pound Rates Drop

The official market dollar rate ended Thursday’s trading with N702.19/$1, up from the N664.04/$1 reported during the previous day’s session. According to the analysis of the official dollar rate provided by FMDQ Exchange, authorised dealers increased the cost of the United States

June 16, 2023

Finance & Economy

Subsidy Removal: ‘Nigeria Should Channel Funds To Skill Acquisition Schemes For Job Creation’

Amid the quest to scale up production and boost Nigeria’s economy, the Federal Government has been advised to channel money to be saved from removal of subsidy on petrol to fund training of the citizens on vital skills for job creation in

June 16, 2023

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Finance & Economy - Page 198

Tinubu Signs Executive Order Redirecting Oil, Gas Revenues to Federation Account

Naira To Dollar Rate Fall To N756 In Official Market, Increases In Black Market

What You Need To Know, As Six Nigerian Companies Get Fuel Importation License

Dollar Rate Rises To N770/$1 In Official Market, Trade At N757 In Black Market

FG, Labour Resume Talks Over Fuel Subsidy Removal

GTBank, Zenith, Others Receive 6 New Forex Directives From CBN

Black Market’s Dollar, Euro And Pound Rates Rise, USD Drops By N39 In Official Market

Subsidy Removal: ‘Govt Should Allow Full Deregulation To Engender Healthy Competition In Petrol Supply, Better Price’

Subsidy Removal: States To Share More Revenues – Expert

Official Market Traders Increase Dollar Rate To N702, Black Market USD, Pound Rates Drop

Subsidy Removal: ‘Nigeria Should Channel Funds To Skill Acquisition Schemes For Job Creation’

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Finance & Economy - Page 198

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