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Finance & Economy - Page 268

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

President Tinubu has nominated new chief executives for Nigeria’s petroleum regulatory agencies following the resignation of the heads of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), developments that come amid intense controversy

December 18, 2025

Oil & Gas

NNPC: N556bn Crude Oil Lost To Vandalism, Others In Three Months

Latest data obtained from the Nigerian National Petroleum Company Limited showed that Nigeria lost crude oil valued at about N556bn between August and October this year due to pipeline vandalism, community interferences, sabotage of oil facilities, among others. Data compiled from the

December 27, 2021

FEATURES·Finance & Economy

Nigeria: 2021 Economic Policy Review And 2022 Agenda

Dr Muda Yusuf of the Centre for the Promotion of Private Enterprise (CPPE), in this article, presents the economic and business environment review for 2021 and sets agenda for policy makers for 2022.

December 25, 2021

Finance & Economy

How Tunde Lemo’s Titan Trust Bank Acquired 90% Union Bank Shares

Core investors at Union Bank of Nigeria (UBN) Plc, have concluded plans to sell their majority stake worth 89.9 per cent of the financial institution's shares to Titan Trust Bank Limited.

December 23, 2021

Finance & Economy

National Devt Plan To Gulp 348.1tn, Says Buhari

Nigeria's President Muhammadu Buhari has stated that the country's proposed national development plan 2021 - 2025 requires the sum of 348.1 trillion to achieve its targets.

December 23, 2021

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

Oil & Gas

Oil Price Falls To $70 A Barrel Amid Surge In Omicron Variant

Crude oil prices on Monday fell by 4 per cent over rising cases of the Omicron coronavirus variant in Europe and the United States. Brent crude futures, the global benchmark, dropped by $3, or 4%, to $70.58 a barrel by 11:00 GMT+1

December 20, 2021

Finance & Economy

Nigeria’s Loans From China Rise To $3.59bn, Says Debt Office

The Debt Management Office (DMO) has clarified that loans from China to Nigeria, which presently stand at $3.59bn, constitute 9.4 per cent of the country’s total foreign debt stock of $37.9bn. The Director-General of DMO, Ms Patience Oniha, who made this known

December 19, 2021

CBN Owes Goldman Sachs, JP Morgan $7.5bn, Releases Financials Amid Probe

Business·Finance & Economy

Abdullahi Succeeds Babalola In FBN HoldCo Chairmanship

The Central Bank of Nigeria (CBN) has approved appointment of Alhaji Ahmad Abdullahi as non-executive director of First Bank Holdings Plc and Chairman of the company to replace Mr. Remi Balalola. The CBN’s Director for Corporate Communications, Osita Nwanisobi, disclosed late on

December 18, 2021

Oil & Gas

Oil Price Drops To $73 On Omicron Concerns

Emerging reports have claimed that the price of crude oil dropped amid surging cases of Omicron coronavirus variant. The reports read that that Brent Crude futures plunged by 1.61 percent to $73.41 per barrel at 4:09 pm, while U.S. West Texas Intermediate

December 17, 2021

Finance & Economy

Access Bank Restructures Into Holding Company, Prepares For Future Challenges

In line with global best practices, Access Bank Group is restructuring into a non-operating financial holding company. The holding company, to be known as Access Holding Company, would serve as the parent company for the banking group (Access Bank and its subsidiaries).

December 17, 2021

Finance & Economy·News

U.S. Announces Two Opportunities for Nigerian Agribusinesses

AS part of efforts to support the food industry and agribusiness value chain in Nigeria, the Foreign Agricultural Service of the U.S. Mission in Nigeria is highlighting two opportunities for Nigerian agribusiness to attend Gulfood Show 2022 from February 13-17 and Agribusiness

December 16, 2021

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

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Finance & Economy - Page 268

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

NNPC: N556bn Crude Oil Lost To Vandalism, Others In Three Months

Nigeria: 2021 Economic Policy Review And 2022 Agenda

How Tunde Lemo’s Titan Trust Bank Acquired 90% Union Bank Shares

National Devt Plan To Gulp 348.1tn, Says Buhari

Oil Price Falls To $70 A Barrel Amid Surge In Omicron Variant

Nigeria’s Loans From China Rise To $3.59bn, Says Debt Office

Abdullahi Succeeds Babalola In FBN HoldCo Chairmanship

Oil Price Drops To $73 On Omicron Concerns

Access Bank Restructures Into Holding Company, Prepares For Future Challenges

U.S. Announces Two Opportunities for Nigerian Agribusinesses

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Finance & Economy - Page 268

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