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Finance & Economy - Page 247

NNPC Ltd, Chevron Celebrate Major Hydrocarbon Discovery in Niger Delta

The Nigerian National Petroleum Company Limited (NNPC Ltd) has hailed Chevron Nigeria Limited (CNL) for the successful completion of the Awodi‑07 appraisal and exploration well in the shallow offshore western Niger Delta, Prime Business Africa reports. The well, drilled as part of

January 26, 2026

Business·Oil & Gas

Seplat Founder, Austin Avuru, Suffers Setback In Tell-all Book Launch

The former chief executive of Seplat Energy, Austin Avuru, has experienced a setback in his tell-all book set for release on August, after the Federal Capital Territory High Court in Bwari, shutdown the launch. Avuru had authored the book titled; “My Entrepreneurship

July 28, 2022

Naira Opens Week With Gain Across FX Markets

Business·Currency

Black Market Dollar To Naira Exchange Rate: Dollar Sells For N707, As Senate Wants Scapegoat For Weak Naira

July 27, 2022 Dollar Update: The exchange rate of the dollar in Nigerian currency, naira, finally crossed the N700 mark on Wednesday in the black market, as demand for the United States legal tender skyrocket. At the close of business hour, Bureau

July 28, 2022

Business·Currency

Senate Summons Emefiele Over Rising Dollar Rate, Lists 2 Things CBN Must Do

Nigerian Senate has summoned Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over the depreciating rate of the naira, as Senator Biodun Olujimi, said someone must be punished. Emefiele was summoned following a motion raised by lawmaker representing Ekiti north,

July 27, 2022

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Black Market Dollar To Naira Exchange Rate: Dollar Sells At N685 In Black Market, N431 In I&E Window

July 26, 2022 Dollar Rate Update: The naira remains weak against the United States currency, dollar, as scarcity overwhelms the official foreign exchange market, Investors & Exchange window, as well as the black market on Tuesday. Bureau De Change operators raised the

July 27, 2022

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Black Market Dollar To Naira Exchange Rate: $1 Nears N700, As CBN Continues To Snub BDC Operators

July 25, 2022 Dollar Rate Update: Bureau De Change operators increased the cost of buying dollar by 1.65% on Monday, as demand overwhelms availability in the black market, amid lack of support from the Central Bank of Nigeria (CBN). The BDC operators

July 26, 2022

Business·Currency

Black Market Dollar To Naira Exchange Rate: Dollar Rate Skyrocket, As CBN Interventions Fail

July 22, 2022 Dollar Rate Update: The investors & Exporters window reported foreign exchange suppliers increased the cost of exchanging dollar by 0.94% on Friday in the official forex market, as supply dropped during the trading session. It was gathered that dollar

July 25, 2022

Business·Oil & Gas

Number Of NNPC Limited Staff To Be Sacked Revealed After President Buhari’s Unveiling

The Group Managing Director of Nigeria National Petroleum Company (NNPC) Limited, Mele Kyari, has concluded plans to sack 500 workers, one week after the corporation officially launch its private brand. NNPC Limited sent a email to the affected workers, giving them till

July 25, 2022

Business·Finance & Economy

Gov’t Revenue Problem Worsens, As Debt Takes Over N1.63bn Turnover In 4 Months

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has disclosed that revenue generation of the government for the first four months of this year fell behind Nigeria’s debt service. Debt service for the period of first quarter and April was

July 22, 2022

Business·Finance & Economy

Pres. Buhari To Spend N6.7 trillion On Fuel Subsidy In 12 months

Petrol subsidy will consume N6.7 trillion in 2023, the Minister of Finance, Budget and National Planning, Zainab Ahmed, has revealed, as suspension of removal remains in place. Ahmed said the payment of petrol subsidy is determined by two factors; business-as-usual or reform,

July 21, 2022

Labour·News

Buhari Never Gave ASUU Ultimatum To End Strike – Shehu

Contrary to media reports about the outcome of the meeting held by the presidency on Tuesday with relevant Ministries, Departments and Agencies (MDAs) on the agitations by university unions, presidential aide, Garba Shehu has said the President Muhammadu Buhari did not give

July 21, 2022

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Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

U.S. President Donald Trump has threatened to impose 100 per

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Nigeria’s customs authority has introduced new rules for courier companies

Behind the Geregu Power Sale: Politics and a $750m Deal

The sale of Geregu Power, one of Nigeria’s largest electricity

Recapitalisation: UBA Extends Deadline For Rights Issue

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

United Bank for Africa (UBA) has successfully concluded its rights

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Finance & Economy - Page 247

NNPC Ltd, Chevron Celebrate Major Hydrocarbon Discovery in Niger Delta

Seplat Founder, Austin Avuru, Suffers Setback In Tell-all Book Launch

Black Market Dollar To Naira Exchange Rate: Dollar Sells For N707, As Senate Wants Scapegoat For Weak Naira

Senate Summons Emefiele Over Rising Dollar Rate, Lists 2 Things CBN Must Do

Black Market Dollar To Naira Exchange Rate: Dollar Sells At N685 In Black Market, N431 In I&E Window

Black Market Dollar To Naira Exchange Rate: $1 Nears N700, As CBN Continues To Snub BDC Operators

Black Market Dollar To Naira Exchange Rate: Dollar Rate Skyrocket, As CBN Interventions Fail

Number Of NNPC Limited Staff To Be Sacked Revealed After President Buhari’s Unveiling

Gov’t Revenue Problem Worsens, As Debt Takes Over N1.63bn Turnover In 4 Months

Pres. Buhari To Spend N6.7 trillion On Fuel Subsidy In 12 months

Buhari Never Gave ASUU Ultimatum To End Strike – Shehu

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Finance & Economy - Page 247

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