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Finance & Economy - Page 240

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

Business·Oil & Gas

Cooking Gas Marketers Reveal Panic Buying Could Raise Price In Nigeria

Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) have cautioned Nigerians against buying Liquefied Petroleum Gas (LPG), known as cooking gas, in panic, amid fear of scarcity. There have been reports of possible scarcity of cooking gas after flood in over 20

October 24, 2022

NNPCL Denies Inflating Fuel Subsidy Payments

Business·Oil & Gas

NNPC Limited Restructures Executive Director Roles

The Executive Director position in the Nigerian National Petroleum Company (NNPC) Limited is now referred to as Executive Vice President in line with the re-branding efforts of its management. NNPC Limited re-branded the position to align with the Petroleum Industry Act (PIA) signed

October 23, 2022

Labour·News

Group Urges Govt To Embrace Organised Labour As Partners For Progress

The Big Tent coalition for Obi-Datti campaign has restated the need for governments at all levels to adopt a productive philosophy towards organised labour through concrete recognition of labour as partners for progress.

October 22, 2022

Polaris Bank Media Seminar: Expert Calls For More Training On Investigative Journalism

Business·Finance & Economy·News

Buyers Of Polaris Bank Still Owe CBN N1.30 Trillion, Apex Bank Reveals

The Central Bank of Nigeria (CBN) has revealed that the acquisition of Polaris Bank by Strategic Capital Investment Limited (SCIL) is worth N1.35 trillion. In a statement released on Thursday following reports that Strategic Capital Investment Limited acquired Polaris Bank for N50

October 21, 2022

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Dollar To Naira Exchange Rate: BDC Operators Set New Dollar Rate After U.S Prediction

October 20 Dollar Exchange Rate: The exchange rate between the dollar and naira rose by 1.21% on Thursday, as Bureau De Change operators increased their asking price by N9. During trading hours, Bureau De Change operators raised the exchange rate to N751

October 20, 2022

Nigeria's September Oil Production Hits 1.5 Million Barrels, Bolsters OPEC Output

Business·Oil & Gas

FG To Start Collecting Landing, Take-off Fees From Oil Firms’ Helicopters

In a bid to increase its revenue generation, the Federal Government has inaugurated a team to collect landing and take-off fees from helicopters operating on all oil platforms within the country. According to report, representatives of Police, Department of State Services (DSS),

October 20, 2022

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Bank Of America Makes New Prediction For Official Naira Rate, As BDC Sells At N742

The exchange rate between the United States’ dollar and Nigeria’s naira has been projected to rise to N520/$1 next year, indicating the naira will extend its devaluation run into 2023. According to Bloomberg, Bank of America Economist, Tatonga Rusike, made the projection

October 19, 2022

Femi Otedola Issues New Statement After Reports Of Transcorp Plc Acquisition

Business·Oil & Gas

Ardova Reacts To Alleged Dispute With Femi Otedola’s Firm Amid Court Case

Ardova Plc has stated that the court victory of Zenon Petroleum and Gas Limited over Ignite Investment Limited doesn’t affect the firm. In a statement released on Wednesday, Ardova said the victory wasn’t over the firm, and not a party in the

October 19, 2022

More Woes For Nigerians As Cooking Gas Price Rises By 70%

Business·Oil & Gas

Cooking Gas Price Heading For N10,000, After Flood Forces NLNG To Shutdown Operation

The Nigeria Liquefied and Natural Gas (NLNG) has declared force majeure following the flood that as ransacked 27 of Nigeria’s 36 states in one month, and this could lead to cooking gas scarcity. With over 600 people reportedly dead and 1.4 million

October 18, 2022

Peter Obi Reveals Why UK Gov't Shutdown His 'Next' Company

Business·Oil & Gas

Peter Obi Says Oil Subsidy An Organised Crime, After Buhari Budget’s N3.6 trillion For Payment

The presidential candidate of Labour Party, Peter Obi, has described subsidy as an organised crime, reiterating his view against subsidy payment which has continued to gulp Nigeria’s revenue. His statement comes weeks after President Muhammadu Buhari submitted Nigeria’s 2023 budget to the

October 18, 2022

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Finance & Economy - Page 240

What Nigeria’s 15.10% Inflation Rate Drop Means

Cooking Gas Marketers Reveal Panic Buying Could Raise Price In Nigeria

NNPC Limited Restructures Executive Director Roles

Group Urges Govt To Embrace Organised Labour As Partners For Progress

Buyers Of Polaris Bank Still Owe CBN N1.30 Trillion, Apex Bank Reveals

Dollar To Naira Exchange Rate: BDC Operators Set New Dollar Rate After U.S Prediction

FG To Start Collecting Landing, Take-off Fees From Oil Firms’ Helicopters

Bank Of America Makes New Prediction For Official Naira Rate, As BDC Sells At N742

Ardova Reacts To Alleged Dispute With Femi Otedola’s Firm Amid Court Case

Cooking Gas Price Heading For N10,000, After Flood Forces NLNG To Shutdown Operation

Peter Obi Says Oil Subsidy An Organised Crime, After Buhari Budget’s N3.6 trillion For Payment

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