Latest Business & Financial News in Nigeria Prime Business Africa

Finance & Economy - Page 106

Naira Rises Against Dollar, Ends Week On Positive Note

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

Dangote, Others Summoned As Nigeria's Natural Gas Production Drops Despite N250bn Fund

Business·News·Oil & Gas

Dangote, Others Summoned As Gas Production Drops Despite N250bn Fund

The Nigerian Senate has summoned Dangote Refinery and several other prominent entities for an urgent inquiry into the decline in Nigeria’s natural gas production despite the injection of N250bn intervention fund. “The

Emmanuel Ochayi

1 year ago

Chappal Energies Acquires Equinor's Nigerian Assets; OPEC Disagreement Over Country's Oil Output Target

Business·News·Oil & Gas

Chappal Energies Acquires Equinor’s Nigerian Assets Amid OPEC Disagreement on Oil Output

In a development within the oil and gas sector, Chappal Energies, a Nigerian-owned energy company, has sealed a deal to acquire Equinor’s Nigerian business, including a stake in the Agbami oil field.

Emmanuel Ochayi

1 year ago

Finance & Economy·News

Supreme Court Judgment: CBN Notifies Banks To ‘Accept Old, New Naira Notes’

Few hours after the judgment of the Supreme Court on the issue, the Central Bank of Nigeria (CBN) has directed banks in the country to issue and accept the old N200, N500,

Victor Ezejaand

Admin

1 year ago

Africa·Agro-Economy·Business·News

Raedial Farms Seals Partnership With Compagnie Fruitere, Diversifying Nigeria’s Agri-Exports

In a stride towards bolstering Nigeria’s agricultural export industry, Raedial Farms Limited, a subsidiary of Raedial Holdings Limited, inked a partnership agreement with Compagnie Fruitere, a French giant renowned for its extensive fruit

Emmanuel Ochayi

1 year ago

Tinubu Explains Why Nigeria Stopped Exporting Raw Gold, Lithium, Other Minerals

Business·Finance & Economy·News

2024 Budget: Tinubu Projects 21.4% Inflation In 2024 Fiscal Year Amidst Economic Reforms

President Bola Tinubu, has projected the federal government’s plan to target a 21.4% inflation rate for the 2024 fiscal year. Addressing the National Assembly during the presentation of the 2024 appropriation bill on Wednesday,

Emmanuel Ochayi

1 year ago

Naira To Sustain Depreciation In 2024 - Analysis Reveals

Business·Finance & Economy·News

CBN’s Old, New Naira Notes To Co-exist Indefinitely – Supreme Court Rules

The Supreme Court, on Wednesday, ruled that the old Naira denominations of N200, N500 and N1,000 notes continue to co-exist with the new notes as legal tender till further notice. The Supreme

Victor Ezejaand

Admin

1 year ago

Business·Finance & Economy·News

Expert Supports CBN’s Bank Recapitalization Policy, Emphasizes Caution, Stakeholder Engagement

Professor Segun Ajibola, former President of the Chartered Institute of Bankers of Nigeria (CIBN), expressed support for the Central Bank of Nigeria’s (CBN) proposed policy path, focusing on the recapitalization of banks

Emmanuel Ochayi

1 year ago

Nigeria Optimistic On Achieving 1.7mpd Crude Despite November Output Drop

FEATURES·Oil & Gas

Oil Theft Continues To Frustrate Nigeria’s Efforts To Ramp Up Production

Increasing crude oil production output which provides over 90 per cent of Nigeria’s revenue has continued to elude the country due to theft. Oil theft in Nigeria has been a long-standing issue,

Victor Ezeja

1 year ago

Business·News·Oil & Gas

Nigeria’s Diesel Prices Hit N978/Litre, Posing Economic Pressure Ahead Of Christmas

Diesel prices in Nigeria have surged to N978 per litre as of Tuesday, November 28, according to data released by HydroCarbon Information Services (HydroCIS) Limited. This continuous hike in prices has amplified

Emmanuel Ochayi

1 year ago

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Finance & Economy - Page 106

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

Dangote, Others Summoned As Gas Production Drops Despite N250bn Fund

Chappal Energies Acquires Equinor’s Nigerian Assets Amid OPEC Disagreement on Oil Output

Supreme Court Judgment: CBN Notifies Banks To ‘Accept Old, New Naira Notes’

Raedial Farms Seals Partnership With Compagnie Fruitere, Diversifying Nigeria’s Agri-Exports

2024 Budget: Tinubu Projects 21.4% Inflation In 2024 Fiscal Year Amidst Economic Reforms

CBN’s Old, New Naira Notes To Co-exist Indefinitely – Supreme Court Rules

Expert Supports CBN’s Bank Recapitalization Policy, Emphasizes Caution, Stakeholder Engagement

Oil Theft Continues To Frustrate Nigeria’s Efforts To Ramp Up Production

Nigeria’s Diesel Prices Hit N978/Litre, Posing Economic Pressure Ahead Of Christmas

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