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Finance & Economy - Page 318

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

Nigerians Groan As NNPCL Again Increases Pump Price of Petrol

News·Oil & Gas

Petroleum Consumption Leaps To 340m Litres In One Month – NNPC

NNPC Figures released by the Nigerian National Petroleum Corporation (NNPC) has shown that the consumption of petroleum in Nigeria has increased by 340 million litres within a space of one month. According to data contained in its March 2021 financial and operations

August 2, 2021

News·Oil & Gas

Shell Appoints Elohor Aiboni As First Female MD

Elohor Aiboni. Photo credit: Google Elohor Aiboni has been named as Managing Director of Shell’s Nigeria deep water business, Shell Nigeria Exploration and Production Company, which took effect from 1st August 2021. This was announced in a statement released on Sunday which

August 2, 2021

Agro-Economy·News

3,300 Youths Train For Skills In Agribusiness

Governor Seyi Makinde The Oyo State Government has signed a memorandum of understanding with the CSS Global Integrated Farms in Nasarawa State to train 3,300 youths from the state on agriculture and agribusiness. The state governor, ‘Seyi Makinde, made this disclosure at

August 1, 2021

Finance & Economy·News

Crypto Users Rose To 221 Million In June – Report

The number of global crypto users increased to 221 million in June 2021, according to latest report by Crypto.com. Titled ‘Measuring global crypto users: A study to measure market size using on-chain metrics, July 2021’, the report revealed that January, February and

August 1, 2021

Agro-Economy·News

WACOT To Increase Production Capacity To 240,000 Tonnes

The West African Cotton Limited (WACOT) plans to double capacity in Argungu Local Government Area of the state, Kebbi State. Gov. Atiku Bagudu of Kebbi State stated this when he visited WACOT rice company where he had a meeting on Friday with

August 1, 2021

Agro-Economy·News

Atiku Wants Decisive Action To Prevent Impending Food Crisis

A former vice president of Nigeria, Atiku Abubakar, is demanding proactive and decisive moves by the Federal Government to address food crisis in the country. Atiku, in a statement on Friday, cited the spate of insecurity as a major cause of food

July 31, 2021

Agro-Economy·News

Nigeria, 22 Others In Danger Of Acute Food Insecurity – Report

Nigeria is among 23 hunger hotspots where conflict, economic repercussions of COVID-19 and climate crisis are expected to drive higher levels of acute food insecurity in the next for months. This was revealed in a new report by UN’s Food and Agriculture

July 31, 2021

Entrepreneurship·Finance & Economy·News

Lafarge Declares Profit Of N19.19bn In Q2 2021

Cement production company, Lafarge Africa (Wapco) Plc declared a 25.75% growth in net profit for second quarter of year (Q2 2021). Lafarge recorded 29.40% increase in revenue, taking revenue for the period to N73.55 billion from N56.84 billion in the same quarter

July 31, 2021

Naira Ends Week With N59.71 Gain At Official Market

Finance & Economy·News

MAN Urges Banks To Comply With CBN Directives On Sale Of Forex

Manufacturers Association of Nigeria (MAN) has advised commercial banks to strictly adhere to the Central Bank of Nigeria (CBN) directives on the sale of foreign exchange to eligible customers. Dr Okwara Udensi, MAN Chairman, Edo/Delta chapter, made this appeal during a recent

July 31, 2021

Access Bank Raises N351bn, Emerges First Nigerian Bank To Meet CBN’s N500bn Capital Requirement

Finance & Economy·News

CBN, Nigerian Banks Collude Against Currency Speculators

The Central Bank of Nigeria and it’s stakeholders are forming a coalition against currency speculators who profit from round tripping and other currency manipulation practices. The naira appreciated in the late hours of Thursday to N520/$ from the previous day’s close of

July 30, 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 318

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

Petroleum Consumption Leaps To 340m Litres In One Month – NNPC

Shell Appoints Elohor Aiboni As First Female MD

3,300 Youths Train For Skills In Agribusiness

Crypto Users Rose To 221 Million In June – Report

WACOT To Increase Production Capacity To 240,000 Tonnes

Atiku Wants Decisive Action To Prevent Impending Food Crisis

Nigeria, 22 Others In Danger Of Acute Food Insecurity – Report

Lafarge Declares Profit Of N19.19bn In Q2 2021

MAN Urges Banks To Comply With CBN Directives On Sale Of Forex

CBN, Nigerian Banks Collude Against Currency Speculators

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