Will Wednesday’s Fed Rate Cut Be Last One Until Summer 2026?
The latest employment report showed just 22,000 new jobs in August and unemployment at 4.3%, the highest since 2021.
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Oando, MRS Increases Fuel Price, Risk Losing Operational License Amid Gov’t Threat
Oando, MRS, and some filling stations have began selling Premium Motor Sprirt (PMS) above N165, three weeks after the Federal Government threatened to revoke license of firms that hike fuel price. Prime Business Africa had reported last week that the Nigerian National
Black Market Dollar To Naira Exchange Rate: CBN’s Official Forex Market Increases Cost Of Buying Dollar
July 14, 2022 Dollar Update: The naira to dollar exchange rate increased on Thursday at the Investors and Exporters window, which is the official foreign exchange market recognised by the Central Bank of Nigeria (CBN). Following close of business, Prime Business Africa
Black Market Dollar To Naira Exchange Rate Today: Again, Bureau De Change Operators Increase Rate
July 13, 2021 Dollar Rate Update: Nigeria’s legal tender, naira, continues to depreciate in value in the black market against the dollar, but the currency gained ground in the official foreign exchange market. On Wednesday, the local currency fell by -0.16% to
Nigeria Loses Largest African Oil Producer Status To Angola, As OPEC Reveals Country’s Problem
Nigeria has yet again lost its position as the largest oil producer in Africa, after producing less crude compared to Angola in June. This is the second months the country will fall behind, with May being the first. Oil companies in Nigeria
Dollar To Naira Exchange Rate: Bureau De Change Operators Increase Dollar Rate, Take Advantage Of Eid-el-Kabir Holiday
July 12, 2022 Dollar Rate Update: The naira depreciated on Tuesday at the black market, as the Bureau De Change operators increased their exchange rate for dollar, after close of official market diverted demand to the parallel sector. Nigeria’s official market, the
Nigerian Gov’t Stops Seplat Energy, ExxonMobil’s $1.28 billion Oil Deal
Seplat Energy Plc’s plan to acquire ExxonMobil’s shallow water business in Nigeria, Mobil Producing Nigeria Unlimited (MPNU), has hit the rock following a lawsuit filed by the Nigerian National Petroleum Company (NNPC) Limited. The domestic oil and gas company had announced in
NNPC Increases Fuel Price In Own Filling Stations Amid Scarcity In Other Private Stations
The Nigerian National Petroleum Company (NNPC) Limited has increased price for premium motor spirit (PMS) at its filling stations amid fuel scarcity. Prime Business Africa gathered that NNPC retail stations hiked fuel pump by N10 on Sunday, with motorists and individuals buying
Dollar To Naira Exchange Rate: Dollar Rate Rises Again, As Supply Reaches New High
July 7, 2022 Dollar Rate Update: Investors and Exporters window closed trading on Thursday with the naira depreciating in value, just a day after improving. It shared the same fate in the black market. Prime Business Africa had reported that the official
Governor Oyetola Disburses N300m Micro Credit 10 Days To Crucial Election
Osun Governor, Adegboyega Oyetola has commenced the disbursement of N300 million micro credit facility to Osun people as the state prepares for an off-season governorship election in a week’s time. Over 5,000 micro and small-scale entrepreneurs received soft loans ranging from N250,000
Dollar To Naira Exchange Rate: Naira Falls In Black Market, I&E Dollar Rate Down
July 6, 2022 Dollar Rate Update: The value of the naira closed upward on Wednesday, rising by 0.52% at the end of business hour in the Investors and Exchange window, halting its loss, which was driven by shortage of dollar in the
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