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Finance & Economy - Page 221

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

KPMG Makes Naira Projection After Foreign Capital Importation Drops To $1.06 billion

Business·Currency

How CBN’s Currency Redesign Created ‘Naira Black Market’ – NGF

The Nigerian Governors’ Forum (NGF) has accused the Central Bank of Nigeria (CBN) of carrying out a “currency confiscation” in its ongoing Naira Redesign programme and subjecting Nigerians to serious economic stress. The governors equally lamented that the scarcity of the new

February 13, 2023

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

Business·Currency·News

Black, Official Market Dollar Rate Gap Drops On S’Court Order

The gap between the dollar-naira rates in black and official windows dropped on Thursday, but stayed close to N300. In the black market on Thursday, Bureau De Change operators informed Prime Business Africa that they offer an exchange rate between N760-N780/$1 for

February 9, 2023

Fuel Stations To Increase Petrol Price To Over N700, Oil Marketers Give Reasons

Business·Oil & Gas

Oil Marketers Defy FG’s Fuel Price Tag, As NNPC Needs N4.27trn To Keep Price Low

Some members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) are still selling fuel above the government-agreed price. Prime Business Africa on Wednesday gathered that filling stations of independent oil marketers were selling fuel at a range between N300 and N330

February 9, 2023

Breaking: NNPC Increases Fuel Price, Filling Stations Now Selling At N500

Business·Oil & Gas

Kyari Says Nigerians Experiencing Fuel Scarcity Because Petrol At Wrong Locations

The Group Chief Executive Officer of Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, said the reason Nigerians are experiencing fuel scarcity is that the product is in the wrong locations. Kyari said the 2022 flood in the country disrupted the supply

February 9, 2023

Economic Crisis: Nigeria Has No Option Than To Produce For Food Security, Forex Stability - Utomi

Agro-Economy·News

Green Revolution: Sahara Farms To Revitalise 200,000 Hectares In Northern Nigeria

Green Sahara Farms (GSF) has disclosed plans to revitalise about 200,000 hectares of land in the North-central and Sahel regions. The chief executive officer, of GSF, Suleiman Dikwa explained that the farm in partnership with other agencies is creating a full value

February 7, 2023

Business·Oil & Gas

Ardova Investors To Earn N16.8 billion, As Billionaire Plans Takeover

Ignite Investments & Commodities Limited has informed Ardova investors that the majority shareholder is willing to buy their stake for N17.38 per share to take the company private. In a statement dated 6 February 2023, Ardova said Ignite Investments has made its

February 7, 2023

Business·Oil & Gas

Peter Obi Says Oil Industry Can Reduce Sufferings Of Nigerians, Reveals How

The Labor Party’s presidential candidate, Peter Obi, has revealed the oil industry can aid in reducing the suffering of Nigerians. Obi said ensuring Nigeria is dependent on local refineries will reduce the negative impact of fuel scarcity and the high cost of

February 6, 2023

Why Foreign Investments In Nigerian Startups Dropped By 65%

Business·Insights·Startup·Technology

Why Flutterwave, Paystack, Other Nigerian Tech Startups Are Snubbing Nigeria For US

In 2019, Nigerians were shocked when the African-based e-commerce platform, Jumia, described their online marketplace as a German company. Jumia erased the thought among Nigerians that the firm is a Nigerian or even African firm as it seeks foreign investment through Initial

February 6, 2023

Business·Currency·News

Sterling Bank Denies ‘Hoarding’ Millions Of N200 Notes In Ado-Ekiti Vault

Sterling Bank Plc on Sunday explained circumstances surrounding the caches of N200 notes stashed away in the vault of its Ado-Ekiti branch, while its Automated Teller Machines (ATMs) were allegedly bereft of cash. An official of the Central Bank of Nigeria (CBN)

February 6, 2023

Business·Currency·News·Top Stories

Naira Scarcity: Banks, POS Operators, Restaurants, UNN Students On Collision Course

Iheoma, a student of the University of Nigeria Nsukka (UNN) narrates her ordeal with a shop owner in the university town as she attempted to buy a few necessary items. “I was told that every item I buy attracts an extra N50;

February 5, 2023

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Finance & Economy - Page 221

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

How CBN’s Currency Redesign Created ‘Naira Black Market’ – NGF

Black, Official Market Dollar Rate Gap Drops On S’Court Order

Oil Marketers Defy FG’s Fuel Price Tag, As NNPC Needs N4.27trn To Keep Price Low

Kyari Says Nigerians Experiencing Fuel Scarcity Because Petrol At Wrong Locations

Green Revolution: Sahara Farms To Revitalise 200,000 Hectares In Northern Nigeria

Ardova Investors To Earn N16.8 billion, As Billionaire Plans Takeover

Peter Obi Says Oil Industry Can Reduce Sufferings Of Nigerians, Reveals How

Why Flutterwave, Paystack, Other Nigerian Tech Startups Are Snubbing Nigeria For US

Sterling Bank Denies ‘Hoarding’ Millions Of N200 Notes In Ado-Ekiti Vault

Naira Scarcity: Banks, POS Operators, Restaurants, UNN Students On Collision Course

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JNIM’s Incursion into Nigeria’s Security Landscape – The Emerging Threat

Nigeria Reviews MTN Group’s Acquisition of IHS Towers Over Sector Impact

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

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

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

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

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