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Finance & Economy - Page 273

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

Oil & Gas

Oil Resources Ownership Claim By Niger Delta Wrong, Obasanjo Tells Clark

Former President Olusegun Obasanjo has stated that crude oil and other mineral resources in Nigeria legally belongs to the Federal Government not to any region or state where such is located.

December 28, 2021

Oil & Gas

Ogun To Become Oil Producing State Soon – Governor Abiodun

The Ogun State Governor, Dapo Abiodun, has disclosed that his administration is committed to making Ogun an oil producing state in the country. Abiodun made this known while delivering a convocation lecture at the 2nd and 3rd convocation programmes of the Mountain

December 28, 2021

Oil & Gas

Seplat: Austin Avuru Reacts To Termination Of Position As Director

Founder and former MD/CEO of Seplat, Austin Avuru has responded to a statement from Seplat Plc that claimed that his position as non-executive director has been terminated Avuru in a statement by his lawyer, Osaro Eghobamien, (SAN) and Folabi Kuti (SAN) of

December 27, 2021

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

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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 273

What Nigeria’s 15.10% Inflation Rate Drop Means

Oil Resources Ownership Claim By Niger Delta Wrong, Obasanjo Tells Clark

Ogun To Become Oil Producing State Soon – Governor Abiodun

Seplat: Austin Avuru Reacts To Termination Of Position As Director

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

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4 Suspects Now in Custody Over Murder of Nigerian E-Hailing Driver in Pretoria

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

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

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

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

4 Suspects Now in Custody Over Murder of Nigerian E-Hailing Driver in Pretoria

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