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Finance & Economy - Page 242

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

Money Supply In Nigeria Rises By N600bn, Currency In Circulation Drops To N2.59trn

Finance & Economy

CBN Intervention Cannot Save The Naira Without A Production-based Economy

How can the Central Bank's intervention save the Naira without more? Currency value is not determined mechanically by mere fire brigade or whimsical physical intervention by regulatory authorities

October 10, 2022

Business·Insights·Oil & Gas

Nigeria’s Oil Revenue To Lose N1.24 trillion, Amid Drop In Crude Production

Nigeria’s oil revenue will fall next year according to the projection made by President Muhammadu Buhari on Thursday during the presentation of 2023 budget to the National Assembly. Prime Business Africa had reported that President Buhari presented N20.51 trillion budget, which he

October 8, 2022

Business·Oil & Gas·World News

Joe Biden’s Gov’t Criticises Nigeria, Other OPEC+ Members, As They Clash Over Oil Price

Nigeria, and other members of the Organisation of the Petroleum Exporting Countries Plus (OPEC+) have been slammed by the United States government over cut in production level. The United States government said the members of OPEC+ are “shortsighted” and has threatened to

October 7, 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: Again, CBN’s Intervention Fails To Save Naira Against Dollar

The United States dollar depreciated in value against the naira on Thursday, after the Bureau De Change (BDC) operator cut the cost of buying $1 in the black market by -0.27 per cent. Traders in the parallel market dropped their asking price

October 7, 2022

NNPCL Denies Inflating Fuel Subsidy Payments

Business·Oil & Gas

NNPC Reveals Why Nigeria Loses $150 million Every Day, Defends Low Earnings

Over $150 million is lost daily by the country according to the Chief Financial Officer (CFO) of the Nigerian National Petroleum Corporation (NNPC) Limited, Umar Ajiya. Pipeline vandalism and sideline production have been preventing the Nigerian oil industry from performing optimally, resulting

October 6, 2022

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Dollar To Naira Exchange Rate: Dollar Rises By N165, As Naira Suffers

August 5, 2022 Dollar Rates Update: The naira and dollar exchange rate depreciated in favour of the Nigerian currency on Wednesday at the black market. The traders in the parallel market dropped their asking price by N10. Bureau De Change operators sold

October 5, 2022

Nigerians Groan As NNPCL Again Increases Pump Price of Petrol

Business·Oil & Gas

Mele Kyari Reacts, As NNPC Limited Records N674 billion Profit In 12 Months

Over N674 billion has been declared as profit after tax for 2021 by the Nigerian National Petroleum Corporation (NNPC) Limited, which recently acquired Oando retail business, OVH Energy Marketing. The net profit rose by 134.8 per cent year-on-year growth from N287 billion

October 4, 2022

Naira Opens Week With Gain Across FX Markets

Business·Currency

Dollar To Naira Exchange Rate: Dollar Rate Falls In Black Market After Independence Day

August 4, 2022 Dollar Rates Update: The cost of buying the United States dollar was down on Tuesday in the black market after the Independence Day holiday on Monday, but the scarcity of the American currency continues to fuel the value above

October 4, 2022

Business·Currency

Nigeria’s Foreign Reserves Drop $2.20 billion, Increases Forex Problem

As at September 29, 2022, Nigeria’s foreign reserves fell to $38.318 billion, further compounding the scarcity of foreign exchange in the country’s official forex market. In the last Monetary Policy Meeting (MPR) in August, the governor of the Central Bank of Nigeria

October 3, 2022

Business·Currency

Dollar To Naira Exchange Rate: Traders Increase Dollar Price In Official Market, BDC Operators Drop Theirs

September 27, 2022 Dollar Rates Update: The Naira fell in the official foreign exchange market, Investors and Exporters window, on Tuesday, by -0.07%, as traders increased their asking price to sell a dollar. Nigeria’s currency depreciated to N436.33/$1 from the N436 that

September 28, 2022

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Finance & Economy - Page 242

What Nigeria’s 15.10% Inflation Rate Drop Means

CBN Intervention Cannot Save The Naira Without A Production-based Economy

Nigeria’s Oil Revenue To Lose N1.24 trillion, Amid Drop In Crude Production

Joe Biden’s Gov’t Criticises Nigeria, Other OPEC+ Members, As They Clash Over Oil Price

Dollar To Naira Exchange Rate: Again, CBN’s Intervention Fails To Save Naira Against Dollar

NNPC Reveals Why Nigeria Loses $150 million Every Day, Defends Low Earnings

Dollar To Naira Exchange Rate: Dollar Rises By N165, As Naira Suffers

Mele Kyari Reacts, As NNPC Limited Records N674 billion Profit In 12 Months

Dollar To Naira Exchange Rate: Dollar Rate Falls In Black Market After Independence Day

Nigeria’s Foreign Reserves Drop $2.20 billion, Increases Forex Problem

Dollar To Naira Exchange Rate: Traders Increase Dollar Price In Official Market, BDC Operators Drop Theirs

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