Latest Business & Financial News in Nigeria Prime Business Africa

Finance & Economy - Page 116

NLC To Suspend Strike Action Against CBN, FG Intervenes In Dispute

NLC, TUC Orders Immediate Withdrawal Of Services In Imo

Both leaders of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have ordered the immediate withdrawal of services and shutdown of Imo State effective from Tuesday’s midnight. The

Abigail Erhiagboje

1 year ago

Obaseki Pledges $35,000 To Fund Edo State Film Festival

Business·Finance & Economy·News

Obaseki Calls For Federal-State Economic Renegotiation Amidst Growing Weakness

Governor Godwin Obaseki of Edo State has said that the Federal Government’s diminishing strength in the face of economic challenges necessitates a renegotiation with states to find sustainable solutions. Speaking directly to

Emmanuel Ochayi

1 year ago

How EFEMS Transparency Fuels Naira Demand In Parallel Market

Business·Currency·News

Naira Depreciates To N869/$1 In Official Market, Gains In Black Market

The exchange rate between the Naira and the US Dollar saw a drop to N869.91 per dollar on Tuesday at the official market. This development marks an N60.89 loss, representing a 6.99%

Emmanuel Ochayi

1 year ago

Business·News·Oil & Gas

$20 Billion Needed Annually To Address Nigeria’s Gas Infrastructure Gap- NEITI

Dr. Ogbonnaya Orji, the Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), emphasized the urgent need for an estimated $20 billion per year to bridge the expanding gas infrastructure gap

Emmanuel Ochayi

1 year ago

Nigeria Revenue Soars By N101.98 Billion Due To Exchange Rate Unification

Business·Finance & Economy·News

FAAC Disburses N1.80 Trillion In August 2023, N0.9 Trillion Drop From July

The Federation Account Allocation Committee (FAAC) disbursed N1.80 trillion to the three tiers of government in August 2023, marking a decrease of N0.9 trillion from the N1.89 trillion disbursed in July 2023.

Emmanuel Ochayi

1 year ago

Israel-Iran Crisis: Crude Oil Prices Will Rise Above $90 Per Barrel If Conflict persists

Business·News·Oil & Gas

Massive Investment Needed to Revive Nigeria’s Oil Production, Says AA Holdings Chairman

The Chairman of AA Holdings, Dr. Austin Avuru, has highlighted the massive investment required to breathe new life into the country’s oil production. As Nigeria seeks to reinvigorate its energy sector and regain

Emmanuel Ochayi

1 year ago

Business·Oil & Gas

Train-7 Project Hits 52%, Employs 8,300 Persons

The $5 billion Train-7 project being undertaken by the Nigeria Liquefied Natural Gas (NLNG) at Finima, Bonny Island, Rivers State has reached 52 percent and currently engages 8,300 Nigerians of diverse skill

PBA Reporter

1 year ago

Official Market Records Decline In Dollar Rate, Trade Flat In Black Market

Business·Currency·News·World News

Naira Falls To N809/$1 In Official Market, Appreciates 16.8% In Black Market

The Nigerian naira experienced a depreciation, closing at N809.02 per US dollar at the official market on Monday, the 6 of November 2023. This marked a 4.06% increase from the N776.14/$1 rate

Emmanuel Ochayi

1 year ago

Africa·Business·Finance & Economy·News

ShafDB Receives Stellar Credit Ratings, To Address Africa’s Housing Crisis

Agusto & Co. Limited, Nigeria’s Credit Rating Agency, has assigned ‘A(ken)’ and ‘A+(ngr)’ ratings to Shelter Afrique Development Bank (ShafDB), to address Africa’s housing crisis and driving affordable housing demands and supply

Emmanuel Ochayi

1 year ago

Saudi Arabia, Russia Extend Oil Production Cuts Till End Of 2023, Pledge to Review

Business·News·Oil & Gas·World News

Saudi Arabia, Russia Extend Oil Production Cuts By 2 Months

In a joint effort to maintain global oil market stability, Saudi Arabia and Russia have announced their commitment to continue voluntary production cuts through December 2023. Saudi Arabia will reduce its output

Emmanuel Ochayi

1 year ago

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Finance & Economy - Page 116

NLC, TUC Orders Immediate Withdrawal Of Services In Imo

Obaseki Calls For Federal-State Economic Renegotiation Amidst Growing Weakness

Naira Depreciates To N869/$1 In Official Market, Gains In Black Market

$20 Billion Needed Annually To Address Nigeria’s Gas Infrastructure Gap- NEITI

FAAC Disburses N1.80 Trillion In August 2023, N0.9 Trillion Drop From July

Massive Investment Needed to Revive Nigeria’s Oil Production, Says AA Holdings Chairman

Train-7 Project Hits 52%, Employs 8,300 Persons

Naira Falls To N809/$1 In Official Market, Appreciates 16.8% In Black Market

ShafDB Receives Stellar Credit Ratings, To Address Africa’s Housing Crisis

Saudi Arabia, Russia Extend Oil Production Cuts By 2 Months

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