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Finance & Economy - Page 208

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 Ends Week With N59.71 Gain At Official Market

Business·Currency

CBN’s $15.3 billion Intervention Fails To Clip Dollar, Exchange Rate Hit N463

Traders in the Investors’ and Exporters’ window of the official market transacted $71.68 million in foreign exchange on Friday, 28 April, as the Naira to Dollar exchange rate increased by 0.21 per cent. At the end of trading, data released by the

May 1, 2023

NLC To Suspend Strike Action Against CBN, FG Intervenes In Dispute

Labour·News

NLC Shifts May Day Celebration To Streets Of Abuja

NLC) has been forced to change the venue for the National May Day Celebration in Abuja, after the government suddenly withdrew the permit to use the Eagle Square

April 29, 2023

NNPC Denies Plans To Increase Fuel Price

Business·Oil & Gas

Post-petrol Subsidy: 4 Most Affected Economic Sectors

As Nigerian government continues to mull over the removal of petrol subsidy scheme due to the heavy burden it poses on public finances, experts have continued to express concerns about the impact on different sectors of the economy due to the likely

April 29, 2023

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

Business·Currency

Naira To Dollar Exchange Rate Hit N462, MTN, 11 Plc CEOs Lament

The Naira extended its gain against the United States Dollar to the third day of trading in the official market, as the foreign exchange (forex) rate between both currencies closed at ₦462/$1 on Thursday, 27 April. Prime Business Africa previously reported on

April 28, 2023

Business·News·Oil & Gas

Local Content: NCDMB, IOCs To Support Orbit Galvanizing Plant

Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, on Wednesday led representatives of international oil and gas companies and their service counterparts to visit Orbit Galvanized Steel Industries Limited at Ikorodu, Lagos, a subsidiary of the African

April 27, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Dollar Rate Drops In Official Market, As NGX Bets On Tinubu’s Policies To Attract Foreign Investors

The price of the Dollar in the foreign exchange official market was ₦462.13 on Wednesday, 26 April 2023, data from FMDQ Exchange showed. It was learnt that the exchange rate between the Naira and the Dollar traded as high as ₦466/$1 and

April 27, 2023

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

Business·Oil & Gas

Wale Tinubu’s Oando To Commence Electric Transport Business In Lagos

Oando Clean Energy (OCEL), largely owned by Wale Tinubu, has taken delivery of electric buses from Chinese carmaker, Yutong Bus, as the company enters the transportation business in Lagos State. Oando Plc is adding the deployment of mass transit to its portfolio

April 26, 2023

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

Business·Oil & Gas

Imo, Taraba Spent Highest On Petrol In Last 1 Year – Report

The National Bureau of Statistics (NBS) report shows that Imo State paid the highest average retail price of N332.67 per litre for petrol. This was followed by Taraba at N330.00 and Borno at N324.55. However, Benue paid the lowest average retail price

April 25, 2023

Seplat Accuses Petitioners Of Trying To Prevent Board From Eliminating Related Party Transactions

Business·Oil & Gas

Seplat’s Chairman, Basil Omiyi, Others To Quit Over ExxonMobil Acquisition Deal

The Chairman of Seplat Energy, Basil Omiyi, will retire from his post before the company’s May 2024 Annual General Meeting. Omiyi, who was appointed to the role 11 months ago, will exit the company due to Seplat’s Board of Directors’ Succession Forward

April 25, 2023

Business·Currency·Markets

6 Currencies Stronger Than The US Dollar

HIGHLIGHTS The Cayman Islands Dollar, British Pound, Jordanian Dinar, Omani Rial, Bahraini Dinar, and Kuwaiti Dinar are currently stronger than the US dollar These currencies have different factors contributing to their strength, such as being a tax haven, oil production, and strong

April 25, 2023

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Soludo Seals Shops for Two Weeks over Monday Sit-at-Home

The Anambra State Government has sealed dozens of shops at

‘CBN’s Interest Rate Remains High, Choking Businesses’

Soludo’s New Market Design: Why Onitsha Traders Must Tread Carefully

The main fears and warnings of critics of the actions

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Finance & Economy - Page 208

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

CBN’s $15.3 billion Intervention Fails To Clip Dollar, Exchange Rate Hit N463

NLC Shifts May Day Celebration To Streets Of Abuja

Post-petrol Subsidy: 4 Most Affected Economic Sectors

Naira To Dollar Exchange Rate Hit N462, MTN, 11 Plc CEOs Lament

Local Content: NCDMB, IOCs To Support Orbit Galvanizing Plant

Dollar Rate Drops In Official Market, As NGX Bets On Tinubu’s Policies To Attract Foreign Investors

Wale Tinubu’s Oando To Commence Electric Transport Business In Lagos

Imo, Taraba Spent Highest On Petrol In Last 1 Year – Report

Seplat’s Chairman, Basil Omiyi, Others To Quit Over ExxonMobil Acquisition Deal

6 Currencies Stronger Than The US Dollar

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