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Finance & Economy - Page 63

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

CBN Raises Benchmark Interest Rate To 26.75% Amid Soaring Inflation

Business·Finance & Economy

Inflation: CBN Raises Interest Rate To 27.5%

In response to the resurgence of inflationary pressure on Nigeria’s economy, the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC), has again raised the Monetary Policy Rate (MPR), also known as the benchmark interest rate. The CBN’s MPC resolved at the

November 27, 2024

NNPCL Announces Resumption Of Production At PH Refinery

Business·News·Oil & Gas

NNPCL Announces Resumption Of Production At Port Harcourt Refinery

The Nigeria National Petroleum Company Limited (NNPCL) on Tuesday announced that the Port Harcourt Refinery has finally begun production of refined petroleum products. A video shared on social media showed trucks driving into the refinery ‘s gantry apparently to load petroleum products.

November 26, 2024

Naira Falls Against Dollar Across FX Markets

Business·Currency·Markets·News

Naira Slips To ₦1,675 Per Dollar At Official Market

The naira opened the new week on a negative note as it depreciated at the official market. The exchange rate rose to ₦1675.62 per dollar at the close of trading on Monday, 25th November 2024, according to the Nigeria Autonomous Foreign Exchange

November 26, 2024

Port Harcourt Refinery Shutdown: Marketers Call On Minister, NNPCL GCEO To Intervene

Business·FEATURES·News·Oil & Gas

Nigeria’s Refinery Privatisation: A Step Toward Energy Security?

Restructuring Nigeria’s Energy Backbone For over 40 years, Nigeria’s state-owned refineries have largely remained dormant. Despite injecting trillions of naira into maintenance, the facilities in Port Harcourt, Warri, and Kaduna have failed to deliver. Now, the government is embarking on an ambitious

November 26, 2024

Port Harcourt, Warri Refineries To Be Privatized- Nigerian Govt

Business·News·Oil & Gas

Port Harcourt, Warri Refineries To Be Privatised- Nigerian Govt

Key Move to Address Petrol Supply Challenges The Nigerian presidency has announced a decisive move to privatise the country’s state-owned refineries, including the Port Harcourt, Warri, and Kaduna facilities. The plan aims to address decades of inefficiency and heavy reliance on imported

November 25, 2024

Dangote Refinery Fuel Distribution Expands with New Partner

Business·News·Oil & Gas

Dangote Refinery To Supply 28m Litres Daily To Domestic Market

Oil Marketers Sign Six-Month Agreement with Dangote Refinery Oil marketers have finalised a six-month agreement with Dangote Refinery to supply 28 million litres of petrol daily, ensuring consistent domestic availability. The $20 billion refinery, located on the outskirts of Lagos, has also

November 25, 2024

NUPRC Data Contradicts NNPC’s 1.8m bpd Celebrated Output Figures, Indicates 1.53m Daily Production

Business·FEATURES·News·Oil & Gas

Production Puzzles: Confusion Over NUPRC’s 1.538m bpd Data vs. NNPC’s 1.8m Claim

Contradictory Figures Emerge Nigeria’s crude oil production data has once again brought confusion to the industry. While the Nigerian National Petroleum Company Limited (NNPC) celebrated a daily output of 1.8 million barrels per day (bpd) of crude oil and condensate, figures from

November 25, 2024

Dangote Refinery To Start Processing Only Nigerian Oil By Year End

Business·News·Oil & Gas·Top Stories

Dangote Refinery: Revolution Or Restriction For Nigeria’s Oil Market?

The recent directive from the Nigerian National Petroleum Company Limited (NNPC) to oil marketers has sparked conversations about the future of fuel supply in Nigeria. The directive mandates that petrol importation be halted, with the Dangote Refinery positioned as the primary source

November 24, 2024

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025

Business·Currency·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 24th November 2024

What is the Dollar to Naira Exchange rate at the black market, like the Aboki Fx? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN) in the parallel market also known as black market, especially the Aboki Fx as

November 24, 2024

Dangote Refinery: Mixed Reactions Among Marketers On Advance Payments For Petrol

Business·FEATURES·News·Oil & Gas

Mixed Reactions As Dangote Refinery Lowers Petrol Ex-Depot Price To N970 From N990

The Dangote Refinery has announced a reduction in the ex-depot price of petrol from N990 to N970 per litre. While the change aims to alleviate financial strain on Nigerians, it has elicited mixed reactions across the country. Citizens and experts share their

November 24, 2024

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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 63

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

Inflation: CBN Raises Interest Rate To 27.5%

NNPCL Announces Resumption Of Production At Port Harcourt Refinery

Naira Slips To ₦1,675 Per Dollar At Official Market

Nigeria’s Refinery Privatisation: A Step Toward Energy Security?

Port Harcourt, Warri Refineries To Be Privatised- Nigerian Govt

Dangote Refinery To Supply 28m Litres Daily To Domestic Market

Production Puzzles: Confusion Over NUPRC’s 1.538m bpd Data vs. NNPC’s 1.8m Claim

Dangote Refinery: Revolution Or Restriction For Nigeria’s Oil Market?

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 24th November 2024

Mixed Reactions As Dangote Refinery Lowers Petrol Ex-Depot Price To N970 From N990

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Finance & Economy - Page 63

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