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Finance & Economy - Page 213

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

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

Business·Currency

Dollar Rate Rises, CBN Fines Stanbic IBTC Over Export Proceeds

The foreign exchange rate between the Naira and the United States Dollar (USD) closed at N461.50 in the official market on Thursday, 30 March 2023. Prime Business Africa learnt that the day before, both currencies exchanged at a rate of N461.24 kobo.

March 31, 2023

Business·Oil & Gas

Failed Transaction: Court Orders Ibeto Energy To Refund N2.29bn To Dozzy Oil

A High Court sitting in Port Harcourt has ordered Ibeto Energy Development Limited to refund the sum of N3.29 billion to Dozzy Oil and Gas Limited. The refund was said to be money paid to Ibeto Energy Development Limited in a failed

March 30, 2023

News·Oil & Gas

NCDMB, FIRS Offer Tax Incentives For Oil Industry R&D Investments

Oil and gas companies desirous to reduce their tax burden and grow profitability should consider increasing investments in research and development (R&D), with a view to taking advantage of the incentives provided in existing fiscal laws, the Nigerian Content Development and Monitoring

March 30, 2023

News·Oil & Gas

Oil & Gas: NUPRC Boss, Heritage Energy CEO Meet On PIA, New Regulatory Regime

The Chief Executive of the Nigeria Upstream Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, has pledged all-inclusive regulatory regime for the oil and gas industry, just as he appeals for collaboration in implementing the Petroleum Industry Act (PIA) 2020. Komolafe made the pledge

March 30, 2023

Buhari To Flag off Oil Exploration in Nasarawa, Say It will Boost Energy Security

News·Oil & Gas

Buhari Flags Off Oil Exploration In Nasarawa, Says It will Boost Energy Security

President Muhammadu Buhari on Tuesday declared that the discovery and drilling of oil in Nasarawa State will lead to greater prosperity for Nigerians as well as enhance overall energy security for the country. In his virtual message to the official kick off

March 29, 2023

Fuel Subsidy: Tinubu To Face First Nationwide Strike, As NLC Announces Protest

Labour·News

Naira Crisis: NLC, TUC Suspend Planned Nationwide Strike

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have suspended their strike earlier planned to begin on Wednesday (today) over the unavailability of naira notes. The two Labour unions said they would monitor the availability of cash in commercial

March 29, 2023

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Currency·Insights·News·Top Stories

Naira to Dollar Rate Today – Latest News, Updates

Naira to Dollar Exchange Rate – Latest News, Updates Prime Business Africa (PBA) brings you the latest news/updates on dollar to Naira exchange rate today. The US Federal Reserve and at least 5 other central banks in Europe had recently announced new

March 29, 2023

Naira Opens Week With Gain Across FX Markets

Business·Currency

Dollar To Naira Rate Hits N461.50kobo In Official Market, Drops In Black Market

The United States Dollar appreciated against the Nigerian currency, Naira, on Monday, 27 March 2023, as the exchange rate closed at N461.50 kobo in the official market. Both currencies had exchanged for N461.33 kobo/$1 last week Friday. This indicates the Naira weakened

March 28, 2023

Business·Currency

Dollar Sells At N461.67 Amid Various CBN Policies To Combat Forex Scarcity

The value of foreign exchange (Forex or FX) transacted in the Investors’ and Exporters’ window of the official market fell on Thursday, 23 March 2023. Prime Business Africa learnt from data obtained from FMDQ Exchange that foreign exchange supply in the official

March 24, 2023

Business·Oil & Gas

Seplat Board Directors Take Legal Action Against Co-founder, Orjiako

Seplat Energy has terminated a consultancy agreement with the firm’s co-founder, A.B.C Orjiako, accusing him of putting the company at risk of liability. In a statement released on Thursday, 23 March 2023, Seplat said Orjiako and another company of his, Amaze Limited, which

March 23, 2023

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Finance & Economy - Page 213

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

Dollar Rate Rises, CBN Fines Stanbic IBTC Over Export Proceeds

Failed Transaction: Court Orders Ibeto Energy To Refund N2.29bn To Dozzy Oil

NCDMB, FIRS Offer Tax Incentives For Oil Industry R&D Investments

Oil & Gas: NUPRC Boss, Heritage Energy CEO Meet On PIA, New Regulatory Regime

Buhari Flags Off Oil Exploration In Nasarawa, Says It will Boost Energy Security

Naira Crisis: NLC, TUC Suspend Planned Nationwide Strike

Naira to Dollar Rate Today – Latest News, Updates

Dollar To Naira Rate Hits N461.50kobo In Official Market, Drops In Black Market

Dollar Sells At N461.67 Amid Various CBN Policies To Combat Forex Scarcity

Seplat Board Directors Take Legal Action Against Co-founder, Orjiako

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Finance & Economy - Page 213

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