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Finance & Economy - Page 99

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

CPPE Highlights Why Nigerian Govt Should Review Customs FX Rate For Cargo Clearance

Business·Finance & Economy

Customs Exchange Rate For Import Duties Rises To N1601/$

The Nigeria Customs Service Exchange Rate for calculating duties collections at the ports has risen to N1601.86/$ as the naira value tumbles. The customs exchange rate for import duties had dropped to N1541.59/$ on Wednesday, 24th July from N1584.24 on Friday, 19th

July 28, 2024

Business·News·Oil & Gas

Vessels Discharge Hitches Causing Fuel Scarcity – NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) on Saturday said the resurgence of fuel scarcity in some parts of the country including Lagos and Abuja is due to a hitch in the discharge operations of some vessels. Primebusiness.africa reports that in a statement

July 28, 2024

Business·News·Oil & Gas

Dangote Refinery Debunks Report On Reselling Imported Crude

Dangote Petroleum Refinery has debunked reports that it is reselling crude oil imported from the United States and the ones sourced from Nigeria. A report by Reuters on Friday, 26th July, cited three sources saying the Dangote Refinery resold crude cargoes because

July 27, 2024

Business·News·Oil & Gas

Oando Denies Having Interests In Maltese Blending Plant

Oando PLC, an indigenous oil and gas company in Nigeria, has denied allegations that it owns a blending plant and storage facility in Malta. A post via X on Friday, 26th July, had alleged that the company is a shareholder and some

July 27, 2024

Weak Naira: CBN Sells $543.5m To Boost FX Market

Business·Finance & Economy

CBN Sells $148m To 29 Authorised Dealers

In its relentless efforts to boost liquidity in the foreign exchange market and stabilise value of the naira, the Central Bank of Nigeria (CBN) has sold another tranche of FX to 29 authorised dealers. The apex bank said a total of $148

July 27, 2024

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

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 27th July 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, especially the Aboki fx as of 27th July 2024 is

July 27, 2024

Business·Oil & Gas

Eni Receives Approval To Sell Agip Oil To Oando

Italian Energy oil company, Eni, has announced that the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has approved its bid to sell the Nigerian Agip Oil Company (NAOC), to Oando Plc. In a statement released on Wednesday, the oil major stated that having

July 26, 2024

Business·Currency·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th July 2024

July 26, 2024

Finance & Economy·News

Nigerian Govt Ends Ways And Means Borrowing Era – Edun

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has stated that the Federal Government has exited from the Ways and Means borrowing mechanism. Mr Edun stated this in Abuja on Thursday, 25th July during the half-year review

July 26, 2024

Business·FEATURES·Finance & Economy

Top 10 African Countries With Cheapest Fuel Prices In July 2024

While all countries have access to the same international petroleum prices as determined by crude oil prices, the cost of fuel can vary significantly across different countries due to a range of factors including taxes, subsidies, transportation/logistics costs, and local economic conditions.

July 25, 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 99

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

Customs Exchange Rate For Import Duties Rises To N1601/$

Vessels Discharge Hitches Causing Fuel Scarcity – NNPCL

Dangote Refinery Debunks Report On Reselling Imported Crude

Oando Denies Having Interests In Maltese Blending Plant

CBN Sells $148m To 29 Authorised Dealers

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 27th July 2024

Eni Receives Approval To Sell Agip Oil To Oando

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th July 2024

Nigerian Govt Ends Ways And Means Borrowing Era – Edun

Top 10 African Countries With Cheapest Fuel Prices In July 2024

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Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

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