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Finance & Economy - Page 280

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

Currency·Markets

Exchange Rate update: Thursday, 11th Of October, 2021

Data at the FMDQ Security Exchange where forex is traded officially has shown that the exchange rate between the Naira and the US dollar opened on Thursday, November 11, 2021, at N414.28/$1 after it closed at ₦414.73 to a $1 on Wednesday,

November 11, 2021

Finance & Economy

Delta Assembly OKays Okowa’s N18.7bn Loan From CBN

The Delta State House of Assembly has approved a request by Governor Ifeanyi Okowa for N18.7bn bridging finance from the Central Bank of Nigeria (CBN). Okowa explained that the credit facility was to cushion the effect of repayment of the Federal Government’s

November 11, 2021

Finance & Economy

Nigeria’s Cement Maufacturer BUA Seeks Three-way Partnerships To Fast-track Africa’s Growth

A tripartite partnership among Africa’s private sector, governments and finance institutions will fast-track growth and development in Nigeria and the rest of Africa, Founder/Executive Chairman of BUA Group, Abdul Samad Rabiu, ha said. Rabiu, who is the President of the France Nigeria

November 11, 2021

Finance & Economy

Nigeria’s Debt Stock Hits N42.7tn As Senate Approves Fresh $16bn Loans

The Senate has approved the federal government’s foreign loans request of $16bn and €1.02bn, making Nigeria’s debt stock of N35.5tn rise to N42.7tn. President Muhammadu Buhari had sought to borrow the sum of $16.2bn, €1,02bn and a grant component of $125m to

November 11, 2021

Nigerian Gov’t Spends N96 Out Of Every N100 To Pay Debt - World Bank Says, Reveals Impact

Finance & Economy

Nigeria, Others Need $429bn External Financial Support – World Bank

World Bank has disclosed that Nigeria and other low income developing countries will need $429bn external financial support between 2023 and 2025. The Bank, however, demanded debt transparency, saying it is a crucial step in countries’ development and would facilitate new investments, improve

November 11, 2021

Elon Musk Now Twitter's Biggest Shareholder

Entrepreneurship

Multibillionaire Business Mogul Musk Sells 10% Shares Of Tesla’s Holdings After Twitter Polls

Tesla chief executive Elon Musk late Wednesday night fulfilled his pledge to sell 900,000 shares of his electric car company’s stock for 1.1 billion dollars, about N451,649,000,000.00 (Four Hundred and Fifty One Billion, Six Hundred and Forty Nine Million Naira)

November 11, 2021

President Buhari express grief over tanker explosion

Finance & Economy

Nigerian Economy, Repositioned For Global Competition, Buhari Tells French investors

President Muhammadu Buhari while speaking at the Nigeria International Partnership Forum has expressed optimism that the efforts of his administration to reposition the Nigerian economy will yield the desired results. Buhari on Wednesday insisted that the Federal Government’s desire is to

November 10, 2021

Agro-Economy·Finance & Economy

Isamic Development Bank To Support Nigeria’s Agro-processing Zones With US$150m

The Islamic Development Bank (ISDB), is set to release the sum of $150million to develop special Agro-Processing Zones in Nigeria. Dr. Mansur Muhtar, the Vice President, Country Operations for the ISDB who disclosed this at the 5th Africa International Conference on Islamic

November 10, 2021

Finance & Economy

Ikoyi Building Collapse: Firm Wants Compulsory Insurance

IKOYI Building Collapse: Firm Wants Compulsory InsuranceFollowing the collapse of a high-rise block of luxury flats under construction within the Lagos metropolis, a CSL Research subsidiary of CSL Stock Brokers has called on the federal government and other regulatory agencies to enforce

November 10, 2021

Finance & Economy

CBN, Heritage Bank, Target 60% Reduction Of Yearly Wheat Imports

The Central Bank of Nigeria (CBN) in collaboration with Heritage Bank said they are targeting a 60 per cent reduction in Wheat importation with the adoption of a novel but more robust approach to boost local production and reduce. Specifically, the partnership

November 10, 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 280

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

Exchange Rate update: Thursday, 11th Of October, 2021

Delta Assembly OKays Okowa’s N18.7bn Loan From CBN

Nigeria’s Cement Maufacturer BUA Seeks Three-way Partnerships To Fast-track Africa’s Growth

Nigeria’s Debt Stock Hits N42.7tn As Senate Approves Fresh $16bn Loans

Nigeria, Others Need $429bn External Financial Support – World Bank

Multibillionaire Business Mogul Musk Sells 10% Shares Of Tesla’s Holdings After Twitter Polls

Nigerian Economy, Repositioned For Global Competition, Buhari Tells French investors

Isamic Development Bank To Support Nigeria’s Agro-processing Zones With US$150m

Ikoyi Building Collapse: Firm Wants Compulsory Insurance

CBN, Heritage Bank, Target 60% Reduction Of Yearly Wheat Imports

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

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Former Delta North Senator Peter Nwaoboshi Dies After Sudden Collapse in Abuja

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

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Dollar Trades Flat In Black Market, Appreciates In Official Window

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

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

Former Delta North Senator Peter Nwaoboshi Dies After Sudden Collapse in Abuja

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Finance & Economy - Page 280

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