Finance & Economy - Page 105

National Assembly Must Properly Scrutinise 2024 Budget Proposal – Experts

The 2024 budget proposal of 27.5 trillion presented by Nigeria’s President on Wednesday has continued to generate reactions with stakeholders urging the National Assembly not to rush in passing it but properly

Victor Ezeja

1 year ago

Business·Finance & Economy·Startup

El-Rufai Plots $100m Private Sector Return, Reveals What Nigerian Youths Need

Ex-governor Nasir El-Rufai, who used to be a player in Nigeria’s private sector before emerging as an accidental public servant, is planning to launch a $100 million venture capital (VC) fund early

Victor Ezejaand

Admin

1 year ago

Africa·Business·News·Oil & Gas

Nigeria, Ghana, Others Lead Consortium To Deploy 5 GW Battery Energy Storage Systems

Ten countries, including Egypt, Ghana, India, Kenya, Malawi, Mauritania, Mozambique, Nigeria, and Togo, joined the Battery Energy Storage Systems (BESS) Consortium. Spearheaded by the Global Energy Alliance for People and Planet’s Global

Emmanuel Ochayi

1 year ago

Business·News·Oil & Gas

Port Harcourt Refinery Is Over 75% Completed, Says Managing Director

Amidst the flurry of refurbishment activities at the Port Harcourt refinery, Ibrahim Onoja, the Managing Director, disclosed that significant strides have been made, with over 75% of the project already completed. Onoja’s

Emmanuel Ochayi

1 year ago

Naira Rises Against Dollar, Ends Week On Positive Note

Business·Currency·News

Naira Drops By 11.39% To Hit N927/$1 In NAFEM, N1165/$1 In Parallel Market

The Nigerian Naira plunged to an unprecedented low on Friday, closing at N927.19/$1 in the official market and hitting N1165/$1 in the parallel market. Financial analysts expressed growing concerns as the domestic currency

Emmanuel Ochayi

1 year ago

Nigeria’s Oil Production Declines By 33,000 Barrels As OPEC Reports Setback In September

Business·News·Oil & Gas·World News

OPEC Announces 1 Million Bpd Cut In Monthly Oil Output For 2024 To Bolster Market Stability

In a move aimed at fortifying oil market equilibrium, the Organisation of Petroleum Exporting Countries (OPEC) and its allies announced on Thursday an additional reduction of 1 million barrels per day in

Emmanuel Ochayi

1 year ago

Senate Speedily Passes N2.176trn Supplementary Budget, Cites Dry Season As Reason

Business·News·Oil & Gas

Nigerian Senate To Enlist EFCC Against 15 Oil Firms Over N135 Billion CBN Loan

In a heated session, the Nigerian Senate Committee on Gas Resources wielded the sword of the Economic and Financial Crimes Commission (EFCC) against 15 oil and gas companies alleged to have misappropriated

Emmanuel Ochayi

1 year ago

Brent Crude Surges To $83 As African Producers Face Quota Tensions

Africa·Business·News·Oil & Gas·World News

Brent Crude Oil Surges To $83 As African Producers Face Quota Tensions

Amidst escalating tensions within the Organization of Petroleum Exporting Countries (OPEC), Brent crude surged to $83.60 per barrel, setting the stage for OPEC’s meeting today. The meeting, which was delayed due to discord

Emmanuel Ochayi

1 year ago

Business·Finance & Economy·News

Nigeria’s Economy Will Not Reach $1 Trillion By 2030, Says BDAN Chairman

The Chairman of the Bank Directors Association of Nigeria (BDAN), Mustafa Chike-Obi, dismissed the possibility of Nigeria achieving a $1 trillion economy by 2030. This came after Vice President Kashim Shettima spoke

Emmanuel Ochayi

1 year ago

Business·Currency·News

Naira Appreciates To N831/$1 In Official Market Amid CBN’s FX Initiative

The Nigerian naira witnessed a 6.06% appreciation against the dollar, closing at N831.47 on Wednesday at the official market. This upturn follows the Central Bank of Nigeria’s (CBN) move to address the

Emmanuel Ochayi

1 year ago

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Finance & Economy - Page 105

National Assembly Must Properly Scrutinise 2024 Budget Proposal – Experts

El-Rufai Plots $100m Private Sector Return, Reveals What Nigerian Youths Need

Nigeria, Ghana, Others Lead Consortium To Deploy 5 GW Battery Energy Storage Systems

Port Harcourt Refinery Is Over 75% Completed, Says Managing Director

Naira Drops By 11.39% To Hit N927/$1 In NAFEM, N1165/$1 In Parallel Market

OPEC Announces 1 Million Bpd Cut In Monthly Oil Output For 2024 To Bolster Market Stability

Nigerian Senate To Enlist EFCC Against 15 Oil Firms Over N135 Billion CBN Loan

Brent Crude Oil Surges To $83 As African Producers Face Quota Tensions

Nigeria’s Economy Will Not Reach $1 Trillion By 2030, Says BDAN Chairman

Naira Appreciates To N831/$1 In Official Market Amid CBN’s FX Initiative

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