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Finance & Economy - Page 205

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 Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Dollar Sells At N463 In Official Market, Black Market Traders Buy At N759

The Dollar rate was static in the official market, as traders in the investors’ and exporters’ window traded fewer foreign exchange on Friday. At the end of trading, according to data obtained from the FMDQ Exchange, the Naira to Dollar rate settled

May 22, 2023

News·Oil & Gas

Over $50bn Oil Industry Projects Unveiled at NOGOF- Wabote

Oil and gas opportunities valued over $50 billion and projected to be developed within five years were showcased by international and indigenous companies at the 2023 Nigerian Oil and Gas Opportunity Fair

May 21, 2023

Africa·Agro-Economy·News

African Food: HOMEF Makes Case For Promotion Of Local Healthy Diets

In the midst of the increasing adoption of foreign delicacies, the Health of Mother Earth Foundation (HOMEF), has embarked on a project to raise awareness about the need for Africans to begin to patronize their local and healthy foods. HOMEF in collaboration

May 21, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Investors, Exporters Buy Dollars At Lower Rate, As Naira Value Rises

In the official market on Thursday, 19 May, traders saw the foreign exchange (Forex) rate between the Naira and the Dollar end at N463/$1. This contrasted with the N465.13/$1 both currencies traded at the close of the session on Wednesday, indicating the

May 19, 2023

Business·Entrepreneurship

Polaris Bank Supports Female-owned Businesses With N1bn Loans

Polaris Bank has announced the disbursement of business support loans to female-owned businesses in the first quarter of 2023. This is part of the Bank’s commitment to supporting women and female-owned businesses through the provision of soft loans. According to the Bank,

May 19, 2023

Business·Currency

Dollar Rate Rises, As Senate Orders CBN To Release $717.47 million

Investors and exporters were offered the Dollar at the rate of N465.13 kobo/$1 on Wednesday, according to FMDQ Exchange data. This was the closing rate of the Naira to Dollar exchange in the official market. It contrasts the N464.67/$1 both currencies traded

May 18, 2023

AVPA, Sterling One Foundation Opens Applications

Agro-Economy·Business

Sterling One Foundation Launches New Project For Women Farmers in Flood-Affected Areas

Sterling One Foundation has launched Project Ladder in partnership with Whitefield Foundation and Sterling Bank, to provide support for victims whose farms were affected by the floods in Nigeria. The project which kicked off in Ndokwa East and Oshimili North Local Government

May 18, 2023

Naira Opens Week With Gain Across FX Markets

Business·Currency

Gap Between Black Market, Official Window Dollar Rates Now N275.33

The gap between the foreign exchange rates for the Naira and the Dollar in the black market and the official window stood at N275.33 kobo on Tuesday, 16 May. Prime Business Africa gathered that the Dollar exchanged at N740/$1 in the black market,

May 17, 2023

Agro-Economy·Business

Sterling Bank, AATIF Raise $15m To Fund Renewable Energy-powered Agro-enterprises

Sterling Bank, in conjunction with the Africa Agriculture and Trade Investment Fund (AATIF), is set to promote environment-friendly agriculture businesses by lending the sum of $15 million to sustainable and renewable energy-powered agric enterprises. A statement from AATIF said the $15 million

May 16, 2023

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

Business·Currency

Nigeria’s Official Foreign Exchange Rate Depreciates, Traders Transact $55.10 million

The value of the Naira decreased slightly by 0.36 per cent on Monday, 15 May, with the cost of a Dollar inching higher by N1.67 kobo. This is according to the FMDQ Exchange which disclosed that the rate to exchange the Naira

May 16, 2023

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Finance & Economy - Page 205

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

Dollar Sells At N463 In Official Market, Black Market Traders Buy At N759

Over $50bn Oil Industry Projects Unveiled at NOGOF- Wabote

African Food: HOMEF Makes Case For Promotion Of Local Healthy Diets

Investors, Exporters Buy Dollars At Lower Rate, As Naira Value Rises

Polaris Bank Supports Female-owned Businesses With N1bn Loans

Dollar Rate Rises, As Senate Orders CBN To Release $717.47 million

Sterling One Foundation Launches New Project For Women Farmers in Flood-Affected Areas

Gap Between Black Market, Official Window Dollar Rates Now N275.33

Sterling Bank, AATIF Raise $15m To Fund Renewable Energy-powered Agro-enterprises

Nigeria’s Official Foreign Exchange Rate Depreciates, Traders Transact $55.10 million

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