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Finance & Economy - Page 204

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

Tinubu Tables Request After State Governors Back Fuel Subsidy Removal

Business·Oil & Gas

Updated: Fuel Subsidy Is Gone – Tinubu Says, Set For NLC Showdown

President Bola Tinubu has announced that the fuel subsidy is gone, stating that there will be no provision for it in his government’s budget. Tinubu said this during his inauguration speech on Monday, 29 May 2023. He reiterated his stance against the

May 29, 2023

Labour·News

Abia Workers Strike: Hope Rises As NLC Leaders Meet Alex Otti

Labour union in Abia State may soon call off its two-week old strike following their meeting with the Governor-elect, Dr Alex Otti on Friday, 26 May 2023.

May 27, 2023

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

Business·Oil & Gas

Nigeria’s Oil Regulator Increases PIA Regulations To 12 Amid N16.25trn Loss

The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, has signed seven new regulations into law to address production count challenges and other problems facing the oil and gas industry. Prime Business Africa gathered the seven regulations, unveiled

May 26, 2023

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Black Market Dollar Rate Rises, Naira Gains Against USD In Official Market

The exchange rate for the Naira to Dollar transaction was N760.87 kobo/$1 in the Bureau De Change window of the black market earlier on Thursday, 25 May 2023. On Wednesday, foreign exchange traders bought the United States Dollar at N756.85 rate, which

May 25, 2023

UBA Africa Conversations 2023: Baci, Omogiafo, Others Urge Youths To Explore Untapped Opportunities For Innovation

Entrepreneurship·News

UBA Africa Conversations: Baci, Omogiafo, Others Urge Youths To Explore Untapped Opportunities For Innovation

Young Africans have been advised to imbibe entrepreneurial spirit and explore untapped opportunities for business innovation and growth. The quest for advancing the development of the African continent has continued to dominate discourse for decades. At the Africa Day event organised by

May 24, 2023

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

Business·Currency

Dollar Gains Against Naira, As Foreign Exchange Traders Await CBN’s MPC Decision

On Tuesday, 23 May, the United States Dollar was sold to investors and exporters in the official market at the rate of N464.42 kobo/$1. They were sold the American greenback at N0.92 kobo more than the currency was priced at the close

May 24, 2023

Business·Oil & Gas

Dangote Refinery: Nigeria Can Save Over $3bn Annually From Petroleum Import – Obaseki

Nigeria can save over $3 billion annually from the importation of petroleum products when Dangote Refinery and Petrochemical plant comes into full operation, says Edo State Governor, Mr Godwin Obaseki. Obaseki, who spoke to journalists at the commissioning of the refinery, developed

May 23, 2023

Court Set Date To Hear Oando’s Scheme Of Arrangement For Minority Shares

Business·Oil & Gas

Court Sets Date To Hear Oando’s Scheme Of Arrangement For Minority Shares

Justice Aneke of the Federal High Court has adjourned the hearing of the Scheme Of Arrangement for the acquisition of shares held by Oando’s minority shareholders. Prime Business Africa previously reported that the majority investor in Oando, Ocean and Oil Development Partners

May 23, 2023

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Black Market Naira To Dollar Rate Falls, USD Cost Rises In Official Market

The Naira to Dollar rate closed Monday’s official foreign exchange market at N463.5 kobo/$1, with the Nigerian currency depreciating by 0.10 per cent. Investors and exporters were offered the Dollar at N0.5 kobo more than the N463 they bought the American greenback

May 23, 2023

Business·Oil & Gas

Dangote Refinery, Game Changer For Nigeria’s Economy – Buhari

President Muhammadu Buhari has described the Dangote Petroleum Refinery as a game-changer for Nigeria’s economy. The president stated this on Monday, 22 May 2023, while commissioning the refinery located in Ibeju-Lekki, Lagos. The refinery, estimated to have the capacity to process about

May 22, 2023

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Finance & Economy - Page 204

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

Updated: Fuel Subsidy Is Gone – Tinubu Says, Set For NLC Showdown

Abia Workers Strike: Hope Rises As NLC Leaders Meet Alex Otti

Nigeria’s Oil Regulator Increases PIA Regulations To 12 Amid N16.25trn Loss

Black Market Dollar Rate Rises, Naira Gains Against USD In Official Market

UBA Africa Conversations: Baci, Omogiafo, Others Urge Youths To Explore Untapped Opportunities For Innovation

Dollar Gains Against Naira, As Foreign Exchange Traders Await CBN’s MPC Decision

Dangote Refinery: Nigeria Can Save Over $3bn Annually From Petroleum Import – Obaseki

Court Sets Date To Hear Oando’s Scheme Of Arrangement For Minority Shares

Black Market Naira To Dollar Rate Falls, USD Cost Rises In Official Market

Dangote Refinery, Game Changer For Nigeria’s Economy – Buhari

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Finance & Economy - Page 204

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