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Finance & Economy - Page 236

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

Agro-Economy·News

Soldier, Police Extortion On Highways, Force Catfish Sellers To Hike Price In South-East

Market price of catfish in the Eastern part of Nigeria has relatively gone higher due to some socioeconomic factors, as well as extortion activities by police officers and soldiers deployed on the Lagos-Benin Expressway, Prime Business Africa reports. Prime Business Africa gathered

August 15, 2022

Business·Oil & Gas

Seplat Reacts, As President Buhari Withdraws Approval For ExxonMobil Deal

Seplat Energy has reacted to statement by presidential spokesperson, Garba Shehu, that President Muhammadu Buhari has reversed the approval given for the acquisition of Mobil Producing Nigeria Unlimited (MPNU). Shehu, on Wednesday, had stated that President Buhari had chosen to stand behind

August 11, 2022

Business·Oil & Gas

Seplat Threatens Lawsuit In Latest Development Of ExxonMobil, MPNU $1.2 billion Deal

Seplat Energy has threatened to file lawsuit against persons creating falsehood relating to its acquisition deal with ExxonMobil, as disagreement within President Muhammadu Buhari’s government stalls the completion. The company issued the warning after it was accused of impropriety in the process

August 11, 2022

Finance & Economy·News

Borrow To Invest In Regenerative Devt Projects – Obi Advises FG

Mr. Peter Obi has advised the Federal Government to invest borrowed funds in regenerative development projects and other productive ventures

August 11, 2022

Finance & Economy·News

Badagry Deep Seaport Project To Generate $53.6bn For Nigerian Economy – BPDL

Promoters of the newly approved Badagry Deep Seaport project, Badagry Port Development Ltd (BPDL), has hinted that the project will benefit Nigerians and make name in West Africa at large

August 11, 2022

FG's Deficit Continues To Widen As DMO Oversells October Bond Auction

Business·Oil & Gas

House Of Reps Reveal Probe Demands, As Lawmakers Summon Finance Minister Over Subsidy Payments

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has been summoned by the House of Representatives, as the lawmakers begin to probe the subsidy regime. Ahmed was directed to appear before the Ad Hoc Committee investigating the fuel subsidy regime,

August 10, 2022

Business·Oil & Gas

Ardova Reacts To Takeover Threat, As Majority Investor Faces Lawsuit

Oil and gas firm, Ardova, has denied it is winding up, after Femi Otedola’s Zenon Petroleum and Gas Limited filed a case against its majority shareholder, Prudent Energy & Services Limited (PESL). In 2019, Otedola had sole his 74.02% stake in Ardova

August 9, 2022

Business·Oil & Gas

Nigeria’s Oil Regulator, NUPRC, Blocks Seplat, ExxonMobil’s Acquisition Deal, After Buhari’s Approval

The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, has denied the approval of Seplat’s acquisition of ExxonMobil’s Nigerian subsidiary. On Monday, Seplat had announced that President Muhammadu Buhari has approved the acquisition of Mobil Producing Nigeria Unlimited

August 9, 2022

Buhari Mourns Isaac Sagay, Former Nigeria’s Ambassador To The Holy See

Business·Oil & Gas

President Buhari Approves Seplat Acquisition Of ExxonMobil’s Nigerian Subsidiary

The Federal Government has approved Seplat’s acquisition of Mobil Producing Nigeria Unlimited (MPNU) from Exxon Mobil Corporation, after the Nigerian National Petroleum Company (NNPC) initially block the deal. In a statement released on Monday to the capital market, Nigerian Exchange Limited (NGX),

August 8, 2022

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Black Market Dollar To Naira Exchange Rate: Bureau De Change Operators Raise Dollar Rate After Advice To CBN

August 8, 2022 Dollar Rate Update: On the Investors and Exporters window, the naira closed flat at N430 to one dollar on Friday, maintaining the same selling price traders offered the United States currency during the previous day. The Nigerian currency stabilised

August 8, 2022

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Finance & Economy - Page 236

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

Soldier, Police Extortion On Highways, Force Catfish Sellers To Hike Price In South-East

Seplat Reacts, As President Buhari Withdraws Approval For ExxonMobil Deal

Seplat Threatens Lawsuit In Latest Development Of ExxonMobil, MPNU $1.2 billion Deal

Borrow To Invest In Regenerative Devt Projects – Obi Advises FG

Badagry Deep Seaport Project To Generate $53.6bn For Nigerian Economy – BPDL

House Of Reps Reveal Probe Demands, As Lawmakers Summon Finance Minister Over Subsidy Payments

Ardova Reacts To Takeover Threat, As Majority Investor Faces Lawsuit

Nigeria’s Oil Regulator, NUPRC, Blocks Seplat, ExxonMobil’s Acquisition Deal, After Buhari’s Approval

President Buhari Approves Seplat Acquisition Of ExxonMobil’s Nigerian Subsidiary

Black Market Dollar To Naira Exchange Rate: Bureau De Change Operators Raise Dollar Rate After Advice To CBN

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