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Finance & Economy - Page 346

DR Congo Turns to Nigeria for Oil and Gas Local Content Lessons

September 22, 2026

A delegation from the Democratic Republic of Congo has begun a study tour of Nigeria’s oil and gas local content framework, with engagements planned with the Nigerian Content Development and Monitoring Board

Africa·Business News·Oil & Gas·Top Stories

Ruto, Dangote Discuss Financing for $17 Billion Kenya Refinery Project

September 21, 2026

Kenyan President William Ruto met Nigerian industrialist Aliko Dangote and Africa Finance Corporation (AFC) President Samaila Zubairu in New York on Monday, September 21, 2026 to discuss financing and preparations for a

Oil & Gas·News

DPR Shuts 13 Gas Stations In Akwa Ibom State

No fewer than 13 cooking gas stations were sealed in July by the Department of Petroleum Resources(DPR), Eket Field Office, for illegal operation. This was disclosed on Thursday by Operations Controller if DPR, Mr Victor Ohwodiasa in Akwa Ibom. Ohwodiasa said the

July 29, 2021

Naira Ends Week With Marginal Gain Against Dollar

Finance & Economy·News

BDC Operators To Meet With CBN Governor Over Forex Ban

Banned operators of Bureau De Change are set to meet with Governor of Central Bank of Nigeria (CBN) Mr. Godwin Emefiele. The operators under the auspices of Association of Bureau de Change Operators in Nigeria (ABCON) said they will meet with the

July 29, 2021

Finance & Economy·News

CBN Bails Out Discos, Disburses N156.33bn To Boost Power

In order to boost electricity supply within the country, Central Bank of Nigeria (CBN) disbursed N156.33 power Distribution Companies (Discos). The Apex bank also disbursed N36.04 billion to 17 Meter Asset Providers and 9 DisCos, for the procurement and installation of 657,562

July 29, 2021

Agro-Economy·News

FG Determined To Tackle Inflation, Food Security

Tackling the current inflation and other challenges of food security in Nigeria is in top priority list of the Federal Government. This was disclosed by Vice President Yemi Osinbajo, who spoke virtually yesterday at the preparatory meeting of the United Nations Food

July 28, 2021

Finance & Economy·News

Nigeria’s Capital Investment Falls To $875.6m From $1.9bn in Q2 – NBS

The total value of capital importation into Nigeria declined to $875.62m in the second quarter of 2021 from $1.9bn in the first quarter of 2021. This was disclosed in a report released by the National Bureau of Statistics titled “Nigerian Capital Importation”

July 28, 2021

Finance & Economy·News

IMF Projects Global Economy To Grow By 6%, Retains 2.5% For Nigeria

The global economy has been projected to grow by 6% in 2021 and 4.9% in 2022, while Nigeria’s growth outlook has remained at 2.5% for the period. The projection was made by the International Monetary Fund (IMF) in it’s World Economic Outlook

July 28, 2021

Naira Ends Week With N59.71 Gain At Official Market

Finance & Economy·Currency·News

Naira Depreciates After CBN Stops Sale Of Forex To BDCs

Following Central Bank of Nigeria’s announcement that it has stopped sales of forex to Bureau De Change operators, Naira fell slightly against the U.S dollar at the parallel market on Tuesday. The CBN accused the parallel market of becoming a conduit for

July 28, 2021

News·Finance & Economy

Amazon Debunks Accepting Bitcoin Payment

E-commerce giant, Amazon will not be accepting cryptocurrency as payments by the end of the year as some media reports had claimed. Amazon debunked the reports on Monday. “Notwithstanding our interest in the space, the speculation that has ensued around our specific

July 27, 2021

Oil & Gas·News

Oil Price Gains 0.54%, Closes At $75

Brent Crude on Monday gained 0.54% to close at $74.5 per barrel, with WTI also recorded a 0.31% increase in price and Bonny Light growing 1.27% to close at $72.8 per barrel. However, Natural gas recorded a decline of 0.07% to close

July 27, 2021

Finance & Economy·News

CBN Stops Issuance Of License To Bureau De Change Operators

Licences will not be issued to new Bureau De Change Operators across the country, the Central Bank of Nigeria (CBN) has said. The apex bank governor, Godwin Emefiele disclosed that CBN receives about 574 license applications from BDCs every month adding that

July 27, 2021

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India-New Zealand Free Trade Agreement to Take Effect on Oct. 20

India and New Zealand’s free trade agreement (FTA) will take

UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has

Top 5 Best-Performing Industrial Goods Stocks In Q1 2026

Shareholders in Nigeria’s industrial goods sector recorded massive returns in

Naira Weakens Against Dollar, Gains On Pound, Euro In Official Market

On Thursday, the official foreign exchange (FX) rate for the

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Finance & Economy - Page 346

DR Congo Turns to Nigeria for Oil and Gas Local Content Lessons

Ruto, Dangote Discuss Financing for $17 Billion Kenya Refinery Project

DPR Shuts 13 Gas Stations In Akwa Ibom State

BDC Operators To Meet With CBN Governor Over Forex Ban

CBN Bails Out Discos, Disburses N156.33bn To Boost Power

FG Determined To Tackle Inflation, Food Security

Nigeria’s Capital Investment Falls To $875.6m From $1.9bn in Q2 – NBS

IMF Projects Global Economy To Grow By 6%, Retains 2.5% For Nigeria

Naira Depreciates After CBN Stops Sale Of Forex To BDCs

Amazon Debunks Accepting Bitcoin Payment

Oil Price Gains 0.54%, Closes At $75

CBN Stops Issuance Of License To Bureau De Change Operators

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DR Congo Turns to Nigeria for Oil and Gas Local Content Lessons

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Finance & Economy - Page 346

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