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Finance & Economy - Page 27

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

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 13th June 2025

What is the dollar-to-naira exchange rate on the black market, like the Aboki Fx? The exchange rate for the US dollar (USD) to Nigerian naira (NGN) in the parallel market, also known as black market, as of 13th June 2025, is N1,615

June 13, 2025

Business·Oil & Gas

Petrol Not Cheap In Nigeria, IPMAN Counters Dangote

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has stated that Premium Motor Spirit (PMS), also known as petrol, is not cheap in Nigeria. IPMAN spokesperson, Chinedu Ukadike, stated this while reacting to comments made by the President of Dangote Group, Alhaji

June 11, 2025

Naira Opens Week With Gain Across FX Markets

Business·Currency·Markets

Naira Further Appreciates Across FX Market After Sallah Celebration

The Nigerian naira recorded significant appreciation at the foreign exchange market on Tuesday, 10 June 2025, being the first trading day after the Ed-el-Kabir celebration. The naira traded N1,540.048 against the United States Dollar at the Nigeria Foreign Exchange Market (NFEM) on

June 10, 2025

Cooking Gas Crisis: Will Nigeria's LPG Export Ban Be The Solution?

Business·Oil & Gas

More Trouble For Nigerian Households As Cooking Gas Price Rises Further

Nigeria’s already struggling households are in for deeper hardship as Liquefied Petroleum Gas (LPG), also known as cooking gas, prices continue to surge, worsening inflation, hunger, and energy poverty. The latest price hike of this essential commodity has forced many families to

June 10, 2025

Why Nigeria’s Debt Stock Will Rise To N187.8trn In 2025

Finance & Economy

South Africa, Egypt, Nigeria, Four Others Account For 54% Of Africa’s Foreign Debt Stock

An analysis of a report released recently by the African Export-Import Bank (Afreximbank) reveals that seven countries, including South Africa, Egypt, Nigeria, Morocco, Mozambique, Sudan and Angola, are responsible for about 54.4 per cent of Africa’s foreign debt stock. Titled ‘State of

June 9, 2025

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency·Markets

Naira Vs Dollar: What To Expect This Week (9th – 13th June 2025)

The naira has been on a positive trajectory in recent weeks, maintaining relative stability and a modest appreciation across foreign exchange market windows. The local currency ended last week on a positive note, recording a two-month high of N1,553.11 per dollar on

June 9, 2025

Fresh Petrol Price Hike Stokes Fears Of Further Inflation Spike In Nigeria

Business·Oil & Gas

Expert Predicts Further Petrol Price Drop In June, July Amid Competition, Naira Stability

Economist and Chief Executive Officer of Financial Derivatives Company (FDC), Mr Bismarck Rewane, has predicted that the price of Premium Motor Spirit (PMS), also known as petrol and diesel, may drop in June and July. Mr Rewane made the projection in its

June 8, 2025

NUPRC Data Contradicts NNPC’s 1.8m bpd Celebrated Output Figures, Indicates 1.53m Daily Production

Business·Oil & Gas

2024 Oil Block Licensing Round: We Didn’t Violate Guidelines – NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has refuted allegations that it violated the licensing guidelines during the 2024 Oil Block Licensing Round. NUPRC explained that the entire process was conducted in strict compliance with the Petroleum Industry Act (PIA) and its

June 7, 2025

Business·Currency

Naira Maintains Stability, Records Two-month High Of N1,553 Per Dollar

The Nigerian naira soared to a two-month high of N1,553.11 per dollar on Thursday, 5 June 2025 at the official foreign exchange (FX) market. The last time the naira traded close to this rate was on 3 April 2025 when the dollar

June 7, 2025

Finance & Economy

Top 10 African Countries With Highest GDP Growth Rate

The Gross Domestic Product (GDP) growth rate is a vital economic indicator with far-reaching implications for a country’s prosperity. GDP is an estimate of the total value of finished goods and services produced within a country in a specified period, usually a

June 6, 2025

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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

SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

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Finance & Economy - Page 27

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 13th June 2025

Petrol Not Cheap In Nigeria, IPMAN Counters Dangote

Naira Further Appreciates Across FX Market After Sallah Celebration

More Trouble For Nigerian Households As Cooking Gas Price Rises Further

South Africa, Egypt, Nigeria, Four Others Account For 54% Of Africa’s Foreign Debt Stock

Naira Vs Dollar: What To Expect This Week (9th – 13th June 2025)

Expert Predicts Further Petrol Price Drop In June, July Amid Competition, Naira Stability

2024 Oil Block Licensing Round: We Didn’t Violate Guidelines – NUPRC

Naira Maintains Stability, Records Two-month High Of N1,553 Per Dollar

Top 10 African Countries With Highest GDP Growth Rate

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Finance & Economy - Page 27

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