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Finance & Economy - Page 94

Venezuela Says U.S. Oil Sales Proceed Commercially as Revenues Climb Into Billions

Venezuela’s interim president, Delcy Rodríguez, has defended recent crude oil sales to the United States as strictly commercial transactions conducted through the state oil company, Petróleos de Venezuela, S.A. (PDVSA), insisting that pricing mechanisms follow international norms and that proceeds are being

February 13, 2026

Naira Falls Against Dollar Across FX Markets

Business·Currency·Markets·News

Naira Ends Week With ₦46 Gain At Official Market

Nigerian currency, the Naira, ended the week on a positive note gaining ₦46 at the official segment of the foreign exchange market. According to the Nigerian Autonomous Foreign Exchange Market (NAFEM) data obtained from the FMDQ Securities and Exchange platform, the naira

September 7, 2024

Agro-Economy·Business

Nigerian Govt Must Prioritise Investment In Agriculture To Boost Economy – Experts

As Nigeria grapples with food crisis, experts have highlighted the need for the government to prioritise investments in critical value chains of the agricultural sector to boost its contribution to the economy. Nigeria’s economy has for decades, depended on crude oil exports

September 6, 2024

Competition Sets In As NNPCL, Like Dangote Refinery, Slashes Petrol Price

Business·News·Oil & Gas

Petrol Prices Influenced By Forex, Market Forces – NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) has stated that foreign exchange (forex) crisis has been a significant factor influencing the changes in price of Premium Motor Spirit (PMS) in the country. Speaking on TVC News “Journalists’ Hangout” show on Thursday, the Executive

September 6, 2024

Business·Currency·Markets·News

More Pressure On Naira As Exchange Rate Nears N1,640/$ At Official Market

Nigerian naira has continued to experience depreciation since the week began, reaching N1,639.41/$ on Thursday, 5 September 2024 at the official market. According to data from the FMDQ Securities and Exchange, the official trading platform of the Nigerian Autonomous Foreign Exchange Market

September 6, 2024

Business·News·Oil & Gas

We’ve Enough Petrol Supply, Minister Insists, Despite Scarcity

Despite the lingering scarcity and hike in price of petrol, Nigeria’s Minister of State Petroleum Resources (Oil), Heineken Lokpobiri, has said there is sufficient supply of petrol in the country. The minister stated this on Thursday, while briefing newsmen after a meeting

September 6, 2024

Business·FEATURES·Oil & Gas

How Strong Competitive Market Will Stabilise Fuel Price In Nigeria

As Nigerians grapple with scarcity and high price of fuel, it has been emphasised that only a fully deregulated market with perfect competition, would facilitate increased supply, and make the commodity stable and affordable in the country. With four major government-owned refineries

September 5, 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, 5th 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 5, 2024

Business·Markets·News·Oil & Gas

NNPCL’s $6.8 Billion Debt Crisis Sparks Calls for Urgent Privatisation

The Nigerian National Petroleum Company Limited (NNPCL) has found itself at the centre of a financial and operational crisis that has left Nigerians reeling from the consequences. The NNPCL, once hailed as Nigeria’s most valuable asset, is now being viewed by many

September 5, 2024

Dangote Refinery Debunks Report On Reselling Imported Crude

Business·News·Oil & Gas

Price Hike: Dangote Refinery Won’t Sell Petrol At A Loss – Expert

Dangote Refinery is expected to prioritise profit despite high fuel prices in Nigeria, according to energy expert, Olabode Sowunmi. Speaking on ARISE News on Wednesday, Olabode Sowunmi, Chairman of the Energy Transition Study Group at the Nigerian Gas Association, addressed these concerns.

September 4, 2024

Fuel Price Racketeering: Dangote Must Do More for Nigerians

Business·News·Oil & Gas

Dangote Refinery To Supply 25 Million Litres Of Petrol Daily In Sept – NMDPRA

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said Dangote Refinery will supply the Nigerian market with 25 million litres of petrol daily this September. The downstream regulator added that the $20 billion refinery will subsequently increase the supply to

September 4, 2024

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Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

U.S. President Donald Trump has threatened to impose 100 per

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Nigeria’s customs authority has introduced new rules for courier companies

Behind the Geregu Power Sale: Politics and a $750m Deal

The sale of Geregu Power, one of Nigeria’s largest electricity

Recapitalisation: UBA Extends Deadline For Rights Issue

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

United Bank for Africa (UBA) has successfully concluded its rights

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Finance & Economy - Page 94

Venezuela Says U.S. Oil Sales Proceed Commercially as Revenues Climb Into Billions

Naira Ends Week With ₦46 Gain At Official Market

Nigerian Govt Must Prioritise Investment In Agriculture To Boost Economy – Experts

Petrol Prices Influenced By Forex, Market Forces – NNPCL

More Pressure On Naira As Exchange Rate Nears N1,640/$ At Official Market

We’ve Enough Petrol Supply, Minister Insists, Despite Scarcity

How Strong Competitive Market Will Stabilise Fuel Price In Nigeria

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 5th September 2024

NNPCL’s $6.8 Billion Debt Crisis Sparks Calls for Urgent Privatisation

Price Hike: Dangote Refinery Won’t Sell Petrol At A Loss – Expert

Dangote Refinery To Supply 25 Million Litres Of Petrol Daily In Sept – NMDPRA

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Senate U-Turn or Smoke Screen? Loopholes in Electoral Reform Persist

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Political Heavyweights Visit El-Rufai, Call for Respect for Rule of Law

U.S. Energy Secretary Wright Visits Caracas to Boost Venezuela Energy Ties

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INEC Clarifies Rationale for 2027 General Election Dates, Signals Possible Review After Stakeholder Concerns

Elumelu Presses Tinubu on Power-Sector Debts

Chinese Embassy Denies U.S. Allegations of Illegal Mining, Terror Funding in Nigeria

Dollar Rate Drops To N1,404/$ In Black Market, Rises To N1,355/$ In Official Window

Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Behind the Geregu Power Sale: Politics and a $750m Deal

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

INEC Clarifies Rationale for 2027 General Election Dates, Signals Possible Review After Stakeholder Concerns

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Finance & Economy - Page 94

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