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Finance & Economy - Page 317

Economy: Don’t Suffocate Businesses, CPPE Warns Regulatory Agencies

Nigeria’s Economy Stabilises in 2025; Non-Oil Sectors Set to Drive Growth in 2026 – CPPE

Nigeria’s macroeconomic environment stabilised in 2025, setting the stage for stronger business activity and private-sector-led growth in 2026, according to the Centre for the Promotion of Private Enterprise (CPPE), Prime Business Africa reports. In its Review of the Nigerian Economy in 2025

December 31, 2025

Naira Ends Week With N59.71 Gain At Official Market

Finance & Economy

Naira Appreciates To 512/$, Banks Sell At 412/$

Naira appreciated against the dollar at the parallel market late on Monday as commercial banks set up foreign exchange teller points for customers in line with the directive from the Central Bank of Nigeria. The naira strengthened to 512/1$ against the greenback

August 3, 2021

Finance & Economy·News

Kuda Bank Raises $55 Million At $500 Million Valuation

Kuda Bank founders, Babs Ogundeyi and Musty Mustapha NIGERIA’S mobile-only bank, Kuda, on Monday, announced that it has closed a $55 million Series B funding co-led by Valar ventures and Target Global at a valuation of $500 million. The startup secured the

August 3, 2021

News·Oil & Gas

Senegal Seeks Nigeria’s Backing To Develop Oil, Gas Sector

Minister of State for Petroleum Resources, Timipre Sylva. Photo credit: NAN SENEGAL’S effort in seeking Nigeria’s support for the development of its oil and gas sector has been commended by the Minister of State for Petroleum Resources, Chief Timpre Sylva. Sylva gave

August 2, 2021

Business·Oil & Gas

Fuel Subsidy Gulps N2 Trillion In One Year

With N8 billion daily expenditure, the Nigerian government’s yearly spend on petrol subsidy amounts to N2 trillion. According to top oil marketers, it impacts negatively on the economy and therefore raised concern on the need to deregulate the system to encourage investment

August 2, 2021

President of the African Development Bank AfDB Akinwunmi Adesina

Agro-Economy·News

AfDB To Provide $150m For Women In Agriculture

President of the African Development Bank (AfDB) Akinwunmi Adesina The African Development Bank (AfDB) has disclosed its plan to provide $150m to finance women in the agricultural sector in a move to close the gap in financing for women in Africa by

August 2, 2021

News·Oil & Gas

Kyari Promises To Declare First NNPC Dividends To Nigerians Soon

As the Nigerian National Petroleum Corporation prepares to release its 2020 financial statements in the third quarter of this year, the Group Managing Director, Mele Kyari, has promised that the company will declare its first dividend to Nigerians. Kyari made this declaration

August 2, 2021

News·Oil & Gas

Minister Wants To See Women Take Higher Positions In Oil & Gas Sector

Minister of Women Affairs, Pauline Tallen MINISTER of Women Affairs, Dame Pauline Tallen, has urged female members of Petroleum and Natural Gas Staff Association of Nigeria (PENGASSAN) to work hard in order to attain higher leadership positions in the oil and gas

August 2, 2021

Finance & Economy·News

Senate To Assist Ikeja Electric Recover N70.96 Billion Debt

Ikeja Electric Corporate Headquarters. Photo credit: Google IKEJA Electric is set to recover N70.96 billion debt owed by Ministries, Departments, and Agency through the intervention of the Senate. The Senate Committee on Privatisation and Commercialisation made this promise to assist Ikeja Electric

August 2, 2021

Finance & Economy

Nigeria’s Loans From World Bank, AfDB Increase To $14.35bn Under Buhari

NIGERIA’S debt to the World Bank and the African Development Bank increased from $7.14bn to $14.25bn between June 30, 2015 and March 31, 2021, data obtained from the Debt Management Office have shown. This simply means that the commitment of the banks

August 2, 2021

News·Oil & Gas

NNPC Rakes In N2.129trn From Product Sales In One Year

NNPC THE Nigerian National Petroleum corporation (NNPC) has made total revenue of N2.129 trillion from the sales of petroleum products between March 2020 and March 2021. The Federal Government owned oil company disclosed this in its Monthly Financial and Operation Reports (MFOR),

August 2, 2021

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GivTrade Secures UAE SCA Category 5 Licence

GivTrade, an international multi-asset brokerage providing access to global markets

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

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Finance & Economy - Page 317

Nigeria’s Economy Stabilises in 2025; Non-Oil Sectors Set to Drive Growth in 2026 – CPPE

Naira Appreciates To 512/$, Banks Sell At 412/$

Kuda Bank Raises $55 Million At $500 Million Valuation

Senegal Seeks Nigeria’s Backing To Develop Oil, Gas Sector

Fuel Subsidy Gulps N2 Trillion In One Year

AfDB To Provide $150m For Women In Agriculture

Kyari Promises To Declare First NNPC Dividends To Nigerians Soon

Minister Wants To See Women Take Higher Positions In Oil & Gas Sector

Senate To Assist Ikeja Electric Recover N70.96 Billion Debt

Nigeria’s Loans From World Bank, AfDB Increase To $14.35bn Under Buhari

NNPC Rakes In N2.129trn From Product Sales In One Year

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