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Finance & Economy - Page 279

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

Finance & Economy

Despite 92.51% Contribution of Non-oil Sector To Q3 GDP, Productivity Still Low – CPPE

Report of Nigeria's Gross Domestic Product (GDP) in the third quarter of 2021indicated that non-Oil sector of the economy accounted for 92.51 percent, but there is low productivity in the sector, as organised private sector observed.

November 25, 2021

Finance & Economy

Inflation Shocks Push 8 Million More Nigerians Into Poverty Under 2 Years

Nigeria has worst revenue-to-GDP ratio among 115 countries monitored by the World Bank The World Bank has said that Nigeria has the worst revenue-to-GDP ratio among 115 countries it monitored. Economists use Gross Domestic Product (GDP) to measure the monetary value of final

November 24, 2021

Finance & Economy

Nigeria’s Top 5 Banks’ Earnings Rise Above N1.5trn, Profit Up By 39.4%

Despite the backdrop of the positive growth reported for the Nigerian economy in the second quarter 2021 amidst the adverse effect of the COVID-19 pandemic and the drop in Nigeria oil production, a few numbers of commercial banks have recorded impressive growth

November 24, 2021

Finance & Economy

CBN Retains MPR At 11.5%, Holds Other Parameters Constant

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 11.5%, while keeping all other monetary parameters constant. The CBN Governor, Godwin Emefiele, disclosed this in a statement at the end of the 282nd

November 24, 2021

Finance & Economy

YANGA ACCOUNT: Retail Lender, Unity Bank Targets Nigeria’s 21 million ‘Excluded’ Women

The new Yanga Account will incorporate affordable health insurance scheme for women and seek to deepen penetration currently crawling at two per cent In its continuing demonstration of commitment to financial inclusion and women empowerment, Nigeria’s retail lender, Unity Bank Plc has

November 24, 2021

Currency·Markets

Exchange Rate Update: Nov 23,2021

According to the data at the FMDQ Security Exchange where forex is traded officially, the exchange rate between the naira and the US dollar opened at ₦413.53/$1 on Monday, November 19 after it closed at ₦414.40 to a $1 on Friday. Also,

November 23, 2021

Finance & Economy

FG To Remove Fuel Subsidy, Give Nigerians N5,000 transport grant

Federal government has revealed plans to remove fuel subsidies by mid 2022. Minister of Finance, Budget and National Planning, Zainab Ahmed, made the revelation on Tuesday at the World Bank Nigeria Development Update (NDU). According to her, fuel subsidies will be replaced

November 23, 2021

Agro-Economy

FG Launch First Ever Agricultural Radio, Television Studio

NIGERIA’S Federal government has launched the first ever Agricultural Research Council of Nigeria (ARCN) radio and television studio at the Council’s headquarters in Abuja. Minister of Agriculture and Rural Development, Dr Mohammad Abubakar, said aside from launching the first ever agricultural radio

November 23, 2021

Agro-Economy

16 Niger Women Cooperatives To Get SMEDAN N5.2m Start-up Grants

In its quest to boost women entrepreneurship, the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has stated that it would support 16 women cooperative societies in Niger with a N5.2 million grant to start agri-businesses.

November 23, 2021

CBN Threatens Importers With Sanction After Launching FX Price Verification System

Finance & Economy

Nigeria’s Apex Bank Lowers Standards For Agric Loans Worth Less Than N100,000

…Issues Guidelines, Says No Tangible Securities, Feasibility Reports Needed The Central Bank of Nigeria (CBN) has said that banks are not expected to demand tangible securities and feasibility reports for loans of N100,000.00 (One hundred thousand naira) and below, under the Agricultural

November 22, 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 279

NNPC Ltd, Chevron Celebrate Major Hydrocarbon Discovery in Niger Delta

Despite 92.51% Contribution of Non-oil Sector To Q3 GDP, Productivity Still Low – CPPE

Inflation Shocks Push 8 Million More Nigerians Into Poverty Under 2 Years

Nigeria’s Top 5 Banks’ Earnings Rise Above N1.5trn, Profit Up By 39.4%

CBN Retains MPR At 11.5%, Holds Other Parameters Constant

YANGA ACCOUNT: Retail Lender, Unity Bank Targets Nigeria’s 21 million ‘Excluded’ Women

Exchange Rate Update: Nov 23,2021

FG To Remove Fuel Subsidy, Give Nigerians N5,000 transport grant

FG Launch First Ever Agricultural Radio, Television Studio

16 Niger Women Cooperatives To Get SMEDAN N5.2m Start-up Grants

Nigeria’s Apex Bank Lowers Standards For Agric Loans Worth Less Than N100,000

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NNPC Ltd, Chevron Celebrate Major Hydrocarbon Discovery in Niger Delta

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

FCTA Strike: Court to Rule on Wike’s Application to Halt Industrial Action on January 27

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Finance & Economy - Page 279

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