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Finance & Economy - Page 93

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

Business·News·Oil & Gas

Oando Completes $783m Acquisition Of Agip Oil

Oando PLC has announced that it has successfully completed acquisition of 100% of the shareholding interest in the Nigerian Agip Oil Company (NAOC), from the Italian energy company, Eni. A statement signed by Ayotola Jagun, Oando Chief Compliance Officer and Company Secretary,

August 23, 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, 23rd August 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

August 23, 2024

News·Oil & Gas

Adoption Of Local Content Policy Will Boost Africa’s Energy Security, Economic Development – NCDMB

Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe has called on African countries to prioritise the adoption of local content policy for the oil and gas industry and other resources, stressing that it is veritable

August 22, 2024

Business·Currency·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 22nd August 2024

August 22, 2024

Ezekwesili Backs JAMB Sanctions Against Mmesoma Over UTME Result Forgery

News·Oil & Gas·Power

We Need Total Deregulation Of Petroleum Sector Not Only Subsidy Removal – Ezekwesili

Former Nigeria’s Minister of the Education, Dr Oby Ezekwesili, called for a complete deregulation of the country’s petroleum sector, insisting that removal of subsidies is not enough. She said that overtime, experience has shown that merely changing the prices of petroleum products

August 21, 2024

Business·News·Oil & Gas

Lagos Residents Grapple With Transport Challenges As Fuel Scarcity Lingers

Lagos residents are grappling with transport challenges due to lingering fuel scarcity which has forced many commercial vehicles off the road. Between 7:30am and 9:00 am on Wednesday, 21st August, Prime Business Africa observed that many commuters were stranded at different bus

August 21, 2024

Business·Currency·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 21st August 2024

August 21, 2024

fuel scarcity stranded petrol tankers in Lagos

Business·News·Oil & Gas

Scarcity: Stranded Petrol Tankers Waiting For Supply Form Long Queue On Oshodi-Apapa Expressway

As petrol scarcity bites harder, tankers waiting to load petrol at depots in Apapa have formed a long queue along Oshodi-Apapa Expressway in Lagos, raising concerns about challenges of supply and safety as accidents could happen with petrol tankers queue on such

August 20, 2024

Business·News·Oil & Gas

NNPCL Reduces Stake In Dangote Refinery As It Repays 60% Of $1bn Loan

NNPCL Loan Repayment and Stake Reduction in Dangote Refinery The Nigerian National Petroleum Company Limited (NNPCL) has repaid 60 percent of the $1.036 billion loan it secured in September 2021 for its investment in the Dangote Petroleum Refinery and Petrochemicals Free Zone

August 20, 2024

Naira Falls Against Dollar Across FX Markets

Business·Currency·Markets

Naira Loses N12.84 As Exchanges Rate Rises To N1592 Per Dollar At Official Market

The Nigerian currency, the naira, which recorded a marginal appreciation on Monday, 19 August, lost N12.84 as exchange rate rose to N1,592.06 per dollar on Tuesday, 20 August at the official market. This represents o.81 per cent loss when compared to N1,579.22/$

August 20, 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 93

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

Oando Completes $783m Acquisition Of Agip Oil

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

Adoption Of Local Content Policy Will Boost Africa’s Energy Security, Economic Development – NCDMB

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 22nd August 2024

We Need Total Deregulation Of Petroleum Sector Not Only Subsidy Removal – Ezekwesili

Lagos Residents Grapple With Transport Challenges As Fuel Scarcity Lingers

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 21st August 2024

Scarcity: Stranded Petrol Tankers Waiting For Supply Form Long Queue On Oshodi-Apapa Expressway

NNPCL Reduces Stake In Dangote Refinery As It Repays 60% Of $1bn Loan

Naira Loses N12.84 As Exchanges Rate Rises To N1592 Per Dollar At Official Market

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