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Finance & Economy - Page 214

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 Opens Week With Gain Across FX Markets

Business·Currency

Naira Regains Some Value Lost To Dollar, Forex Traders Raise Transaction Volume

On Wednesday, 22 March 2023, the Naira regained some value lost to the United States Dollar (USD), after appreciating by –0.10 per cent in the official market. This means the cost of buying one Dollar fell by N0.5 kobo at the end

March 23, 2023

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

Business·Currency

Naira Falls To Dollar, As CBN’s 18% MPR Set To Affect Imported Goods

FMDQ Exchange, the official foreign exchange (Forex) rate tracker, has revealed that the Dollar rate in the widow backed by the Central Bank of Nigeria (CBN) closed at N462/$1 on Tuesday, 21 March 2023. According to the official market data obtained by Prime

March 22, 2023

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Dollar Rate Falls, Investors, Exporters Trade $125.66m Foreign Exchange

In the official market, the Dollar rate depreciated by N0.33 kobo, indicating the Naira’s value in the Investors and Exporters window appreciated by 7.15 per cent. The Naira gained against the Dollar on Monday, 20 March 2023, according to data Prime Business

March 21, 2023

Business·Oil & Gas

NNPC Appoints Frenchman To Head Its Trading Subsidiary In Nigeria

The Nigerian National Petroleum Company Limited (NNPC) Limited has appointed a former Vice President of the Abu Dhabi National Oil Company, Jean-Marc Cordier, to head NNPC Trading Ltd. In a statement released by NNPC, Cordier will bring his 30 years of experience

March 21, 2023

Nigeria’s Minimum Wage Now N19,355 – World Bank Says, Reveals Factors Hindering Growth

Finance & Economy·News·Top Stories

At $68, Nigeria’s Minimum Wage Ranks Lowest In Global Survey

At a paltry $68, Nigeria’s minimum wage – which measures the baseline income level for workers in a given jurisdiction – remains the lowest, according to a global survey. Ideally, minimum wage is expected to be enough to cover the basic needs

March 20, 2023

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Naira Closes High, As Dollar Rate Depreciates

The official exchange rate between the Naira and the Dollar closed down at N461.83 kobo/$1, data obtained from FMDQ Exchange on Monday disclosed. Prime Business Africa gathered that the foreign exchange rate depreciated by N0.17kobo, as the Naira gained 0.03 per cent

March 20, 2023

Business·Oil & Gas

Fear Of Price Hike Forces NNPC To Increase Supply To Oil Marketers

In order to avert a hike in the price of Premium Motor Spirit (PMS), known as fuel, Nigerian National Petroleum Company (NNPC) Limited has increased the supply level to oil marketers. This was revealed by the National Public Relations Officer, the Independent

March 20, 2023

Central Banks take steps to ease dollar liquidity

Business·Finance & Economy·News

Central Banks Take Steps To Avert Global Crisis, Ease Dollar Liquidity

At least five central banks in Europe and the US Federal Reserve have announced new measures to ease strains in the global financial system following the collapse of three banks in just one week. The coordinated action, the latest effort by policy

March 20, 2023

Naira Appreciates To N869/$1 As Experts Debate Stability

Business·Currency

Dollar Rate Rises In Black Market, Drops In CBN’s Official Market

The Dollar rate in the Investors and Exporters window of the official market increased by N0.91 kobo, indicating the Naira depreciated in value by -0.19 per cent on Thursday, 16 March 2023. Following trading hours, the drop in the value of the

March 17, 2023

Africa·Finance & Economy

AfCFTA: Africa Needs Stronger Regional Integration For Greater Economic Benefits – ECA Report

African countries have made commendable progress in implementing the regional integration agenda and promoting intra-regional trade, but more work is needed to accelerate the African Continental Free Trade Agreement (AfCFTA) and the ratification of the Protocol on the Free Movement of Persons,

March 17, 2023

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Finance & Economy - Page 214

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

Naira Regains Some Value Lost To Dollar, Forex Traders Raise Transaction Volume

Naira Falls To Dollar, As CBN’s 18% MPR Set To Affect Imported Goods

Dollar Rate Falls, Investors, Exporters Trade $125.66m Foreign Exchange

NNPC Appoints Frenchman To Head Its Trading Subsidiary In Nigeria

At $68, Nigeria’s Minimum Wage Ranks Lowest In Global Survey

Naira Closes High, As Dollar Rate Depreciates

Fear Of Price Hike Forces NNPC To Increase Supply To Oil Marketers

Central Banks Take Steps To Avert Global Crisis, Ease Dollar Liquidity

Dollar Rate Rises In Black Market, Drops In CBN’s Official Market

AfCFTA: Africa Needs Stronger Regional Integration For Greater Economic Benefits – ECA Report

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