Business - Page 78

Minister Wades Into Dangote, NMDPRA Boss Fuel Dispute

Nigeria’s Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, has intervened in the dispute between Dangote Refinery’s management and some key stakeholders in the oil and gas sector which has affected

Victor Ezeja

4 months ago

71.4% Of Nigerians Call For Interest Rate Reduction – CBN Survey

Business·Finance & Economy·Latest News

‘Why CBN Should Not Raise Interest Rate’ As MPC Meets

The Central Bank of Nigeria (CBN) has been advised to suspend further hike of the benchmark interest rate because of the impact on the economy. This comes as the CBN Monetary Policy

Victor Ezeja

4 months ago

Naira Appreciates To ₦1,600 As Dollar Supply Rises

Business·Currency·Latest News·Markets

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

What is the Dollar to Naira Exchange rate at the black market, especially Aboki dollar to naira today? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN) in the

Victor Ezeja

4 months ago

Business·Latest News·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 20th July 2024

What is the Dollar to Naira Exchange rate at the black market, especially the Aboki fx? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN) in the black market,

Emmanuel Ochayi

4 months ago

Business·Latest News·Oil & Gas

Dangote Counters NMDPRA’s Inferior Diesel Allegations, Invites Regulators To Test Refinery’s Products

Chief Executive Officer (CEO) of Dangote Refinery, Aliko Dangote, has refuted allegations by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) that the refinery is producing inferior quality diesel. Dangote, who

Victor Ezeja

4 months ago

Business·Latest News·Oil & Gas

Nigerian Troops Recover Over 700,000 Stolen Crude Oil In Major Operation

Troops Seize Over 700,000 Litres of Crude Oil In a significant crackdown on oil theft, Nigerian troops have recovered 715,325 litres of stolen crude oil and 148,415 litres of illegally refined diesel

Emmanuel Ochayi

4 months ago

Meta Fined €91 Million By EU For Password Security Breach

Business·Latest News

Nigeria Fines Meta $220m For Data Violations

Meta Faces Significant Penalty Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) has announced a $220 million fine against Meta Platforms for violating consumer and data protection laws. The penalty follows a

Emmanuel Ochayi

4 months ago

Business·Latest News

Rise In Crude Oil Exports Will Strengthen The Naira, Says CBN

CBN’s Macroeconomic Outlook The Central Bank of Nigeria (CBN) has highlighted the crucial role of increased crude oil production and exports in strengthening the naira. In its latest report, “Macroeconomic Outlook: Price

Emmanuel Ochayi

4 months ago

Nigerian Banks Face New FX Gain Tax: Impact On Profitability, Capital Adequacy

Business·Latest News·Markets

Nigerian Banks New FX Gain Tax: Impact On Profitability, Capital Adequacy

Nigerian banks are at risk of facing profits and capital adequacy declines as the Federal Government plans to tax 50 per cent of profits realised from foreign exchange (FX) revaluation in 2023.

Emmanuel Ochayi

4 months ago

Nigeria's Stock Market Dips By 0.21% As Investors Await Key MPC's Decisions

Business·Latest News·Markets

Equity Market Surges As Investors Eye Interim Dividends, Bonus Shares

Focus on Equities Market Action Nigeria’s equity market rebounded strongly on Thursday, rising by 0.47 per cent or N263 billion. This surge is attributed to corporate announcements, including interim dividends and bonus

Emmanuel Ochayi

4 months ago

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Business - Page 78

Minister Wades Into Dangote, NMDPRA Boss Fuel Dispute

‘Why CBN Should Not Raise Interest Rate’ As MPC Meets

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

Dangote Counters NMDPRA’s Inferior Diesel Allegations, Invites Regulators To Test Refinery’s Products

Nigerian Troops Recover Over 700,000 Stolen Crude Oil In Major Operation

Nigeria Fines Meta $220m For Data Violations

Rise In Crude Oil Exports Will Strengthen The Naira, Says CBN

Nigerian Banks New FX Gain Tax: Impact On Profitability, Capital Adequacy

Equity Market Surges As Investors Eye Interim Dividends, Bonus Shares

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