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Finance & Economy - Page 227

Arab Bank, DCO Agree on Framework for Cooperation on Inclusive, Sustainable Digital Economies

The Digital Cooperation Organization (DCO), the world’s first standalone international intergovernmental organization dedicated to accelerating inclusive and sustainable digital economies, and the Arab Bank for Economic Development in Africa (BADEA) Friday signed a Memorandum of Understanding (MoU) as part of an ongoing

November 1, 2025

Naira Opens Week With Gain Across FX Markets

Business·Currency

Dollar Rate Falls In Black Market, As Naira Prepares For Highest Devaluation

The exchange rate between the naira and the dollar fell in the black market on Wednesday, as the Nigerian currency appreciates by 1.25 per cent. This represents a N10 loss in the Dollar naira rate at the parallel market, with the Bureau

November 17, 2022

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

EFCC Boss, Bawa, Makes Shocking Prediction On Dollar Rate

The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, said the dollar could exchange for the naira at N200 due to the decision of the Central Bank of Nigeria (CBN) to redesign the currency. Bawa explained that redesigning the

November 16, 2022

Cash In Circulation Up By N701.4 billion, Emefiele's CBN Loses Control Again

Business·Currency

Naira Reissue: Bank Deposits Rise Significantly

Naira deposits in commercial banks have increased since the Central Bank of Nigeria (CBN) announced the country’s currency reissue plans. Based on the announcement, there has been significant increase in deposits, according to CBN’s Director of Corporate Communications, Ostia Nwanisobi. He, however,

November 15, 2022

News·Real Estate

Shelter Afrique Approves Additional $13m Credit Line To Mixta Africa

Pan-African housing development financier, Shelter Afrique, has approved $13 million line of credit to Lagos-based real estate firm, Mixta Real Estate PLC. The 5-year facility with a moratorium of 24 months has been structured to fund the Group’s current real estate projects in Côte d’Ivoire,

November 14, 2022

Business·Currency

Dollar Rate Rises By N100 In Black Market, As Naira Ends Gain

The naira couldn’t hold on to the gains of last week, as the dollar rate increased by N100 in the black market, representing -17.6 per cent decline in the value of the Nigerian currency, on Monday. It was learnt that the dollar

November 14, 2022

Fresh Petrol Price Hike Stokes Fears Of Further Inflation Spike In Nigeria

Business·Oil & Gas

Petrol Pump Price May Hit N650 – Marketers

The National Operations Controller of the Independent Petroleum Marketers Association of Nigeria (lPMAN), Mike Osatuyi, said petrol pump price may rise astronomically as Nigerians could buy fuel at N650 to N700 per litre. Osatuyi said the current price of N170 can more

November 14, 2022

Finance & Economy

‘N259bn Anambra Budget Focuses On Key Deliverables Citizens Can Feel’

Anambra State Commissioner for Budget & Economic Planning, Ms Chiamaka Nnake has stated that the N258.9 billion Anambra Budget for 2023 will focus on key deliverable projects that the citizens can feel, touch and experience. Ms Nnake made this known during a

November 13, 2022

Business·Currency

Dollar Trades For N445.67 In Official Market, Black Market Offers USD At N850

The naira appreciated by 0.09 per cent against the dollar on Wednesday in the official foreign exchange market backed by the Central Bank of Nigeria (CBN). Data obtained from the FMDQ Exchange disclosed that the exchange rate between the naira and dollar

November 10, 2022

Business·Oil & Gas

NNPC Boss, Kyari, Calls For Increase In Fuel Price, Says N170 Per Litre Unrealistic

The Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has called for increase in fuel price, stating the N170 per litre is no longer realistic. During the Legislative Transparency and Accountability Summit organised by House of Representatives

November 10, 2022

Business·Oil & Gas

NNPC Boss, Kyari, Receives Death Threat, Amid Firm’s Disagreement With El-Rufai

The Group Managing Director (GMD) of the Nigeria National Petroleum Company (NNPC) Limited, Mele Kyari, has claimed that his life is under threat. Kyari said some persons are threatening his life due to the reform of the NNPC Limited. He said certain

November 9, 2022

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Finance & Economy - Page 227

Arab Bank, DCO Agree on Framework for Cooperation on Inclusive, Sustainable Digital Economies

Dollar Rate Falls In Black Market, As Naira Prepares For Highest Devaluation

EFCC Boss, Bawa, Makes Shocking Prediction On Dollar Rate

Naira Reissue: Bank Deposits Rise Significantly

Shelter Afrique Approves Additional $13m Credit Line To Mixta Africa

Dollar Rate Rises By N100 In Black Market, As Naira Ends Gain

Petrol Pump Price May Hit N650 – Marketers

‘N259bn Anambra Budget Focuses On Key Deliverables Citizens Can Feel’

Dollar Trades For N445.67 In Official Market, Black Market Offers USD At N850

NNPC Boss, Kyari, Calls For Increase In Fuel Price, Says N170 Per Litre Unrealistic

NNPC Boss, Kyari, Receives Death Threat, Amid Firm’s Disagreement With El-Rufai

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Finance & Economy - Page 227

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