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Finance & Economy - Page 233

Tinubu Backs 15% Fuel Import Tariff, Suspends Rollout Until Naira, Economy Recovers

The Federal Government has approved a 15 per cent ad valorem import duty on petrol and diesel imports but says the policy’s enforcement has been placed on hold until the naira appreciates and international oil prices decline. President Bola Tinubu signed off

October 31, 2025

EU Approves New Round Of Sanctions Against Russia As Ukraine’s Invasion Anniversary Nears

News·Oil & Gas

Gas leaks From Russia’s Major Pipes Raise Concerns Of Sabotage, Harsh Winter In Europe

Leaks from Nord stream 1 and 2, the major gas pipelines from Russia to Europe has prompted questions and investigations of sabotage from European countries like Germany, Denmark, Poland and Sweden while Ukraine says it is an act of aggression by Russia

September 27, 2022

NCDMB, BOI Launch $50m Fund For Oil Industry Manufacturing

Oil & Gas

Local Content: NCDMB Targets $14bn Return On Oil & Gas Industry Spend By 2027

In its quest to create jobs and boost the national economy through the implementation of the Local Content Law, the Nigerian Content Development and Monitoring Board (NCDMB) said it targets retaining $14 billion of the total annual spending in the oil and

September 27, 2022

Agro-Economy·News

US Kicks Off $22m Project To Improve Cocoa Value Chain In Nigeria

The United States Department of Agriculture’s Food for Progress program has entered into a cooperative agreement with Lutheran World Relief to strengthen the cocoa value chain in Nigeria. The project is worth approximately $22 million and will be implemented over the next

September 23, 2022

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Currency

Dollar To Naira Exchange Rate: Cost Of Dollar Drops In Official Market, Hits N712 In Black Market

September 21, 2022 Dollar Rates Update: The United States’ dollar appreciated against the naira on Wednesday, after traders on the Investors and Exporters (I&E) window of the foreign exchange market increased the price to sell the greenback. Data from the Investors and

September 22, 2022

9mobile Rolls Out Special Roaming Offer For Nigerian Hajj Pilgrims

Business·Entrepreneurship·News

‘The Hack’: 9mobile Targets Young Abuja Entrepreneurs

After a successful and well-attended debut in Lagos, 9mobile says it’s ready too move its mentorship programme, ‘The Hack’ to young entrepreneurs in Abuja on Friday September 30. ‘The Hack’ is a business and networking mentorship programme targets young business owners who

September 22, 2022

IPMAN Asks FG To Partner With Illegal Refinery Operators In Creeks

Business·Oil & Gas

Nigeria Loses N877 billion, As It Struggles To Meet Crude Oil Production Target

The Executive Commissioner, Corporate Services and Administration of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Jide Adeola, said that Nigeria doesn’t meet its daily production target. According to Adeola, the country has a 1.8 million barrels production target, however, it produces 1.23 million

September 22, 2022

Shelter Afrique Offers $18.5m Loan to Estate Firm MSD For Housing Projects In DRC

News·Real Estate

Shelter Afrique Offers $18.5m Loan To MSD For Housing Projects In DRC

Shelter Afrique, a pan-African housing development financier, has approved $18.5 million for a commercial loan to Katanga-based real estate development company, Maison Super Development

September 21, 2022

Africa·Finance & Economy·Insights·News

Guinness Nigeria Reports Increase In Revenue Growth

Guinness Nigeria, a subsidiary of Diageo, has registered exemplary bottom-line performance in the full year ended June 2022, driven by increase in revenue and decline in finance cost. According to the brewer, it attained 29 per cent growth in revenue to N206.82

September 14, 2022

Business·Insights·Oil & Gas

Five Ways Angola, Libya Taking Over Africa’s Biggest Oil Producer List Affects Nigeria

Nigeria has lost its position as the biggest crude oil producer in Africa, with Angola and Libya taking over, as the Federal Government struggle against oil vandalism and crude oil theft in the country. In an Oil Market Report released by Organisation

September 14, 2022

Naira Opens Week With Gain Across FX Markets

Business·Currency

Dollar To Naira Exchange Rate: Dollar Falls In Black Market, Sells At N436.50 In Official Market

September 12, 2022 Dollar Rates Update: The Naira continued its depreciation run on Monday at the Investors and Exporters window, with traders selling $1 at N436.50, in contrast to the N436.33 it was sold for last week Friday. However, in the black

September 13, 2022

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Finance & Economy - Page 233

Tinubu Backs 15% Fuel Import Tariff, Suspends Rollout Until Naira, Economy Recovers

Gas leaks From Russia’s Major Pipes Raise Concerns Of Sabotage, Harsh Winter In Europe

Local Content: NCDMB Targets $14bn Return On Oil & Gas Industry Spend By 2027

US Kicks Off $22m Project To Improve Cocoa Value Chain In Nigeria

Dollar To Naira Exchange Rate: Cost Of Dollar Drops In Official Market, Hits N712 In Black Market

‘The Hack’: 9mobile Targets Young Abuja Entrepreneurs

Nigeria Loses N877 billion, As It Struggles To Meet Crude Oil Production Target

Shelter Afrique Offers $18.5m Loan To MSD For Housing Projects In DRC

Guinness Nigeria Reports Increase In Revenue Growth

Five Ways Angola, Libya Taking Over Africa’s Biggest Oil Producer List Affects Nigeria

Dollar To Naira Exchange Rate: Dollar Falls In Black Market, Sells At N436.50 In Official Market

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