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Finance & Economy - Page 239

Finance & Economy·News·Nigeria·Top Stories

What Nigeria’s 15.10% Inflation Rate Drop Means

Nigeria’s headline inflation rate fell to 15.10% in January 2026, the latest figures from the National Bureau of Statistics (NBS) show, extending a run of gradual declines that has lasted for almost a year. The figure is slightly lower than the 15.15%

February 16, 2026

IPMAN Asks FG To Partner With Illegal Refinery Operators In Creeks

Business·Oil & Gas

Nigeria Loses $63 million Oil Revenue Daily, $1.9 billion Monthly To Oil Thieves

Nigeria loses at least 700,000 barrels of crude oil to thieves per day, the Minister of State for Petroleum Resources, Timipre Sylva, has revealed. This compounds the revenue problem of the country. According to Sylva, “Oil theft has denied the country of

October 31, 2022

Finance & Economy·News

LCCI Kicks Against Redesign Of Naira Notes

Lagos Chamber of Commerce and Industry (LCCI) has joined voices with those opposing the proposal of redesigning the Naira notes by the Central Bank of Nigeria effective from December 15, 2022. Prime Business Africa reports that the Governor of the Central Bank

October 30, 2022

Naira Opens Week With Gain Across FX Markets

Business·Currency

Dollar To Naira Exchange Rate: Dollar Rate Hit N790, As BDC Operators Profit From CBN’s Policy

The exchange rate between the naira and the United States dollar (USD) went haywire in the black market on Friday evening. Bureau De Change operators profited from the recent announcement made by the Central Bank of Nigeria (CBN) that redesigned naira notes

October 28, 2022

Business·Currency

Redesigned Naira: Finance Minister Tackles CBN Governor, Asks Lawmakers To Summon Emefiele

The Finance Minister, Zainab Ahmed, has asked the National Assembly to summon the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over the redesigned naira notes. Ahmed said the central bank chief did not consult with her ministry before informing

October 28, 2022

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Dollar To Naira Exchange Rate: One Dollar Nearing N800, After BDC Boss’ Shocking Revelation

October 27 Dollar Exchange Rate: The dollar-naira black market exchange rate increased by N10 earlier on Friday, indicating that Bureau De Change operators charged USD buyers more. During the previous trading day on Thursday, Bureau De Change operators had demanded about N765

October 28, 2022

Finance & Economy

Afrinvest Banking Sector Report Shows Banks’ Resilience

Afrinvest Banking Sector Report has shown that commercial banks recorded modest improvement in all regulatory indicators despite daunting economic challenges

October 27, 2022

Business·Currency

Dollar To Naira Exchange Rate: BDC Operators Set New Dollar Rate On CBN’s Naira Redesign

October 27 Dollar Exchange Rate: On Thursday, buyers of dollars in the black market paid about N765/$1 to Bureau De Change operators, as the BDC centers increased their asking price by 0.6 per cent. Prime Business Africa learnt that the value of

October 27, 2022

Business·Currency

EFCC Boss Warns Banks, BDC Operators Of Illicit Money Exchanged For Redesigned Naira

Bureau De Change operators and commercial banks have been warned by Economic and Financial Crimes Commission (EFCC) ahead of the release of the redesigned naira notes in December. The Executive Chairman of EFCC, Abdulrasheed Bawa, said financial institutions should be careful at this period,

October 27, 2022

Election: Oil Marketers Reveal Fuel Movement Stopped Over Fear Of Crisis

News·Oil & Gas

Petrol Scarcity: Lagos Residents Worry As Queues Return

There is palpable anxiety in the air as residents of Lagos express worry over the sudden emergence of fuel scarcity as observed in long queues that resurfaced in petrol retail outlets in different parts of the city.

October 25, 2022

Business·Currency

Dollar To Naira Exchange Rate: Dollar Rate Drops To N753 In Black Market

October 24 Dollar Exchange Rate: Bureau De Change operators dropped the cost to purchase dollar by 0.26 per cent on Monday, indicating naira’s valuation rose against the American dollar in the black market. The United States currency had sold for N755 last

October 24, 2022

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Finance & Economy - Page 239

What Nigeria’s 15.10% Inflation Rate Drop Means

Nigeria Loses $63 million Oil Revenue Daily, $1.9 billion Monthly To Oil Thieves

LCCI Kicks Against Redesign Of Naira Notes

Dollar To Naira Exchange Rate: Dollar Rate Hit N790, As BDC Operators Profit From CBN’s Policy

Redesigned Naira: Finance Minister Tackles CBN Governor, Asks Lawmakers To Summon Emefiele

Dollar To Naira Exchange Rate: One Dollar Nearing N800, After BDC Boss’ Shocking Revelation

Afrinvest Banking Sector Report Shows Banks’ Resilience

Dollar To Naira Exchange Rate: BDC Operators Set New Dollar Rate On CBN’s Naira Redesign

EFCC Boss Warns Banks, BDC Operators Of Illicit Money Exchanged For Redesigned Naira

Petrol Scarcity: Lagos Residents Worry As Queues Return

Dollar To Naira Exchange Rate: Dollar Rate Drops To N753 In Black Market

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Finance & Economy - Page 239

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