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Finance & Economy - Page 83

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

Capital Importation: Banking Sector Records Highest Inflow In Q3 2024

Business·Finance & Economy·News

Nigeria Spends $3bn Monthly On Imports

Nigeria spends not less than $3 billion monthly only on imports, an analysis of the Central Bank of Nigeria (CBN) report has shown. In a communiqué issued by the CBN Governor, Dr Olayemi Cardoso, at the end of the 297th Monetary Policy

September 26, 2024

Business·FEATURES·News·Oil & Gas

Petrol Price: Can Strengthening The Naira Save Nigerians?

Rising Petrol Price Sparks Concern The price of petrol has become a pressing concern for Nigerians, with many wondering if there is a way out of the current economic situation. The reality is that the price of petrol directly affects every aspect

September 26, 2024

Business·FEATURES·Oil & Gas

More Woes For Nigerians As Cooking Gas Price Rises By 70%

Apart from the recent hike in petrol price, Nigerians are also confronted with a 70 per cent surge in price of Liquefied Petroleum Gas (LPG), also known as cooking gas. This no doubt has taken a heavier toll on income of households as

September 26, 2024

Finance & Economy·News

Experts Fault CBN’s Interest Rate Hike

Economic experts have faulted the continuous increase of the Monetary Policy rate (MPR) also known as benchmark interest rate, by the Central Bank of Nigeria (CBN), saying it won’t solve the problem of inflation in the country. According to them, inflation is

September 25, 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, 25th September 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

September 25, 2024

Finance & Economy·News

CBN Further Raises Benchmark Interest Rate To 27.25%

The Central Bank of Nigeria (CBN) has further increased Monetary Policy Rate (MPR), also known as the benchmark interest rate by 50 basis points to 27.25 per cent. Prime Business Africa reports that this is the fifth consecutive time of raising the

September 24, 2024

Business·Currency·Markets

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

September 24, 2024

Nigeria Now Leading Cement Exporter In Africa – Dangote

Business·News·Oil & Gas

Dangote Backs End Of Petrol Subsidy, Citing Economic Gains

Nigerian billionaire Aliko Dangote has expressed strong support for ending the country’s long-standing petrol subsidy. During an interview with Bloomberg TV in New York, Dangote said, “The time is right to get rid of subsidies,” emphasising that the move could significantly benefit

September 24, 2024

Naira Falls Against Dollar Across FX Markets

Business·Currency·Markets·News

Naira Falls To N1,562.66/$ On Monday

Nigerian naira opened the week on a negative note, as it recorded losses at the official segment of the foreign exchange market on Monday, 23 September 2024. The local currency exchanged N1,562.66 against the dollar on Monday, according to the Nigeria Autonomous

September 23, 2024

Business·Currency·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 23rd September 2024

September 23, 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 83

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

Nigeria Spends $3bn Monthly On Imports

Petrol Price: Can Strengthening The Naira Save Nigerians?

More Woes For Nigerians As Cooking Gas Price Rises By 70%

Experts Fault CBN’s Interest Rate Hike

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 25th September 2024

CBN Further Raises Benchmark Interest Rate To 27.25%

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

Dangote Backs End Of Petrol Subsidy, Citing Economic Gains

Naira Falls To N1,562.66/$ On Monday

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 23rd September 2024

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