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Finance & Economy - Page 20

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

President Tinubu has nominated new chief executives for Nigeria’s petroleum regulatory agencies following the resignation of the heads of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), developments that come amid intense controversy

December 18, 2025

Oil & Gas

West Africa Still Imports 69% Of Petrol Despite Domestic Refining Rise – NMDPRA

Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, has revealed that West Africa continues to rely heavily on imported fuel, with nearly 70 percent of its gasoline sourced from overseas markets despite recent expansions in regional

July 22, 2025

Finance & Economy

Again, CBN Retains Benchmark Interest Rate At 27.5%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has again voted to retain the Monetary Policy Rate, the benchmark interest rate, at 27.50 per cent. The decision was taken during the 301st MPC meeting held from Monday, 21

July 22, 2025

Business·Oil & Gas·Top Stories

NNPC Revenue Drops By 23.9% Amid Global Oil Market Volatility

The Nigerian National Petroleum Company (NNPC) Limited reported a 23.9 per cent decline in oil revenue in June 2025, dropping to ₦4.57 trillion from ₦6 trillion in May. This marked the lowest revenue in three months. The drop was attributed to volatile global crude prices in recent times, driven by geopolitical

July 22, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 22nd 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 22nd July 2025, is N1,540

July 22, 2025

Business·Currency·Markets

Naira Falls Against Dollar Across FX Markets

After ending last week on a positive note, the Nigerian naira depreciated against the United States Dollar across official and parallel foreign exchange windows as the market opened this week. The Central Bank of Nigeria’s foreign exchange data showed that the naira

July 22, 2025

Business·Finance & Economy·Top Stories

Services, Industry Sectors Drive Nigeria’s Economic Growth As GDP Rises By 3.13% In Q1 2025

Nigeria’s economy grew by 3.13 per cent year-on-year (YoY) in real terms in the first quarter (Q1) of 2025. This is according to data released by the National Bureau of Statistics (NBS) on Monday, 21 July 2025. This growth reflects a rebasing of the Gross Domestic Product

July 21, 2025

Business·Oil & Gas

Oil, Gas Suppliers Kick Against Dangote’s Direct Supply To End Users

Plans by Dangote refinery to begin direct supply of petroleum products to end users have been met with opposition by Natural Oil & Gas Suppliers Association of Nigeria (NOGASA). The group said the move, which would lead to bypassing the existing distribution

July 21, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 21st July 2025

July 21, 2025

Finance & Economy

Survey: 65.8% Respondents Want Interest Rate Cut As CBN Holds MPC Meeting

A survey conducted by the Central Bank of Nigeria (CBN) revealed that 65.8 per cent of respondents want the monetary authority to lower interest rates. According to the CBN’s Inflation Expectations Survey, 23.0 percent of respondents want interest rates to remain the

July 21, 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 20th July 2025

July 20, 2025

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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 20

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

West Africa Still Imports 69% Of Petrol Despite Domestic Refining Rise – NMDPRA

Again, CBN Retains Benchmark Interest Rate At 27.5%

NNPC Revenue Drops By 23.9% Amid Global Oil Market Volatility

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 22nd July 2025

Naira Falls Against Dollar Across FX Markets

Services, Industry Sectors Drive Nigeria’s Economic Growth As GDP Rises By 3.13% In Q1 2025

Oil, Gas Suppliers Kick Against Dangote’s Direct Supply To End Users

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 21st July 2025

Survey: 65.8% Respondents Want Interest Rate Cut As CBN Holds MPC Meeting

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 20th July 2025

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