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Finance & Economy - Page 220

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

Currency·Finance & Economy·Insights

7 Important Takeaways From Buhari’s Speech On Naira Policy

The CBN on 26 October 2022, announced the introduction of redesigned N100, N200, N500 and N1,000 banknotes into the financial system and in December 2022, introduced the new naira note design to the public. However, the governor of the Central Bank of

February 16, 2023

Naira Opens Week With Gain Across FX Markets

Business·Currency

Dollar Rate Falls In CBN-Backed Official Market, Buhari Projects Stability

Exchange rate between the Naira and the United States Dollar (USD) fell in the official market on Wednesday, 15 February 2023. According to the exchange rate data obtained from the FMDQ Exchange, the cost of buying a Dollar depreciated by N0.17 kobo.

February 16, 2023

Currency·Finance & Economy

Full Text Of Buhari’s Speech On Naira Policy

President Muhammadu Buhari on Thursday at 7 am addressed the nation about the naira redesign policy of the Central Bank of Nigeria, which has resulted in protests in some parts of the country as result of scarcity of th new currency notes.

February 16, 2023

Finance & Economy·Transport

FG, Edo Govt Call For Bidding To Develop Benin Port

The Federal Ministry of Transportation and the Nigerian Ports Authority (NPA) in collaboration with the Edo State Government, have called for bids for the development of the Benin Port (on an area of approximately 20 hectares) under a public-private partnership (PPP). In

February 16, 2023

Oil & Gas Women Entrepreneurs To Benefit From $40m NCDMB/NEXIM Bank Fund - Wabote

Business·News·Oil & Gas

Local Content: NCDMB Boss Lists Strategies For Regional Collaboration, Signs MoU With Senegal

Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr Simbi Kesiye Wabote, has proposed strategies that would break down barriers and promote cross-border collaboration amongst governments and businesses. The partnership is geared towards strengthening regional collaboration to deepen local content,

February 15, 2023

Business·Entrepreneurship

Monieworx Enables 3 SMEs Raise N100M In 10 Days Through Regulated Crowdfunding, Nigeria’s First

Alternative Finance Limited (Obelix), Nigeria’s Crowdfunding Intermediary, regulated by the Securities and Exchange Commission (SEC), on Tuesday announced that it has fundraised N100 million from 9,324 registered small-ticket retail investors for three promising small and medium enterprises in just 10 days. With

February 15, 2023

Business·Currency·News·Top Stories

Food Prices Drop On CBN’s Naira Policy In Suleja, Lambata, Other Markets

Amid widespread hardship trailing Nigeria’s naira policy implementation, the country’s central bank says inflation is already abating and could pleasantly drop some 4 percent off its current 22 percent rate by mid 2023. The general scarcity of the naira notwithstanding, Prime Business

February 15, 2023

Eight Controversial Decisions By Godwin Emefiele As CBN Governor

Business·Currency·News

Why Naira Scarcity, Queues – CBN’s Emefiele Briefs Diplomatic Community

Governor of the Central Bank of Nigeria (CBN) on Tuesday took his campaign for his naira redesign and cashless policy to the members of the diplomatic community who met at the Ministry of Foreign Affairs in Abuja. Emefiele, who said he was

February 14, 2023

FCCPC To Investigate, Penalise POS Agents, Says POS Service Price Increase Illegal

Business·Currency

Naira Crisis: CBN Vows To Arrest POS Operators Charging Above N200 Or Selling New Notes

The Central Bank of Nigeria (CBN), has vowed to arrest and prosecute Point of Sale (PoS) operators, and others taking advantage of Nigerians by engaging in the illicit business of selling the new naira notes due to the lingering scarcity. The Director,

February 14, 2023

Naira Appreciates To N869/$1 As Experts Debate Stability

2023 Elections·Business·Currency

New Report Predicts Dollar Hoarders To Lose Significantly In Black Market

Persons hoarding Dollars and betting against the Naira are set for a shock in 2023, according to credit rating agency, Agusto & Co, as the firm predicted the Naira will gain big against the United States currency. In a report titled ‘2023

February 14, 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

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Finance & Economy - Page 220

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

7 Important Takeaways From Buhari’s Speech On Naira Policy

Dollar Rate Falls In CBN-Backed Official Market, Buhari Projects Stability

Full Text Of Buhari’s Speech On Naira Policy

FG, Edo Govt Call For Bidding To Develop Benin Port

Local Content: NCDMB Boss Lists Strategies For Regional Collaboration, Signs MoU With Senegal

Monieworx Enables 3 SMEs Raise N100M In 10 Days Through Regulated Crowdfunding, Nigeria’s First

Food Prices Drop On CBN’s Naira Policy In Suleja, Lambata, Other Markets

Why Naira Scarcity, Queues – CBN’s Emefiele Briefs Diplomatic Community

Naira Crisis: CBN Vows To Arrest POS Operators Charging Above N200 Or Selling New Notes

New Report Predicts Dollar Hoarders To Lose Significantly In Black Market

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

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