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Finance & Economy - Page 227

Business·Finance & Economy·News·Nigeria·Top Stories

Kano Shuts Entertainment Centres for Ramadan

The Kano State Government has ordered the closure of all entertainment centres across the state ahead of the Muslim holy month of Ramadan. The directive, announced on Tuesday by the Kano State Censorship Board, affects venues popularly known as gala houses as well as

February 18, 2026

Nigeria's Gas Industry In Crisis As Drilling Costs Skyrocket To $30m, Operators Warn

Oil & Gas

Nigerian Govt Lists 139 Firms To Commercialise Flared Gas

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has shortlisted 139 oil and gas firms for its gas flaring commercialisation programme. The programme is aimed at both reducing carbon emissions and ensuring effective utilization of gas resources to avoid wastage. This was revealed

January 11, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Forex Supply Falls In Official Market, As Dollar Trades At N461.67, Pound Rises

The supply of foreign exchange (forex) fell by 40.3 per cent in the official market on Monday, as the exchange rate stabilises in the window backed by the Central Bank of Nigeria (CBN). During trading on January 10, Prime Business Africa leant

January 10, 2023

Business·Oil & Gas

NNPC Sells Fuel At Loss, Performing Magic – Oil Minister Sylva

The Minister of State for Petroleum Resources, Timipre Sylva, has disclosed that the Nigerian National Petroleum Company (NNPC) Limited sells petrol at a loss. Sylva’s claim follows nationwide criticism of President Muhammadu Buhari’s subsidy regime that has gulped trillions of naira as

January 10, 2023

Currency·Finance & Economy

Naira Reissue Has No Monetary Policy Significance, Old Notes Deadline Unrealistic – Expert

The redesign of the New Naira Notes by the Central Bank of Nigeria (CBN) has continued to generate mixed reactions among economic experts. Chief Executive Officer, Centre for Promotion of Private Enterprise (CPPE), Dr. Muda Yusuf, says the newly redesigned Naira has

January 9, 2023

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business·Currency

BDC Operators Fix Dollar Rate Below N800, Set N900 For Pound

The exchange rate between the naira and the dollar settled below N800 on Monday in the Bureau De Change window of the black market. According to some Bureau De Change operators that spoke with Prime Business Africa, it was gathered that the

January 9, 2023

Inflation Hits 21.91%, As Nigerians Pay More For Bread, Yam, Others

Business·Oil & Gas

Buhari Should Bite The Bullet – Ex-Neimeth Boss Tackles President On Fuel Subsidy

Former Chief Executive Officer of Neimeth Pharmaceutical, Sam Ohuabunwa, has asked President Muhammadu Buhari to bite a bullet to save Nigerians from multiple jeopardies. Ohuabunwa made this statement while addressing the impact of fuel subsidy on Nigerian economy, which he said has increased

January 9, 2023

Finance & Economy

2023: I’ll Channel Fuel Subsidy Funds To Critical Sectors If Elected – Obi

Labour Party Presidential candidate, Mr. Peter Obi, has said he would if elected, quickly remove fuel subsidy and invest the funds in critical development sectors like education, health and infrastructure. Mr. Obi made the promise on Sunday at a Presidential Townhall Series

January 8, 2023

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

Business·Currency

Dollar Goes For N605 In Black Market, Pound Sells Above N800

The exchange rate between the dollar and naira varies across several Bureau De Change operators on Friday, January 6, 2023, Prime Business Africa gathered. On Friday, this publication noted that the United States dollar sold to the public between N605/$1 to N750/$1

January 6, 2023

Currency

NFIU Bans Cash Withdrawal From Govt Accounts

The Nigerian Financial Intelligence Unit (NFIU) has banned cash withdrawals from accounts belonging to the Federal Government, all its agencies, states and local governments. The agency also announced new guidelines for compliance by all financial institutions, non-financial institutions, public officials, and foreign

January 6, 2023

News·Oil & Gas

Fuels Scarcity: We’re Having Distribution Challenge – NNPCL GMD

Group Managing director, Nigeria National Petroleum Company Limited, Mele Kyari has said the challenges of distribution faced by marketers was responsible for the lingering fuel scarcity in the country. Kyari spoke on Thursday in Port Harcourt when the Minister of State, Petroleum,

January 6, 2023

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Finance & Economy - Page 227

Kano Shuts Entertainment Centres for Ramadan

Nigerian Govt Lists 139 Firms To Commercialise Flared Gas

Forex Supply Falls In Official Market, As Dollar Trades At N461.67, Pound Rises

NNPC Sells Fuel At Loss, Performing Magic – Oil Minister Sylva

Naira Reissue Has No Monetary Policy Significance, Old Notes Deadline Unrealistic – Expert

BDC Operators Fix Dollar Rate Below N800, Set N900 For Pound

Buhari Should Bite The Bullet – Ex-Neimeth Boss Tackles President On Fuel Subsidy

2023: I’ll Channel Fuel Subsidy Funds To Critical Sectors If Elected – Obi

Dollar Goes For N605 In Black Market, Pound Sells Above N800

NFIU Bans Cash Withdrawal From Govt Accounts

Fuels Scarcity: We’re Having Distribution Challenge – NNPCL GMD

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Finance & Economy - Page 227

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