Finance & Economy - Page 117

Soludo Unveils Investment Summit, Governance Plans

Anambra State Governor, Prof. Chukwuma Charles Soludo, CFR, took center stage in the quarterly “Chat with Mr. Governor” interactive session, addressing a diverse range of issues, including the upcoming Anambra Investment Summit,

Emmanuel Ochayi

1 year ago

Business·Latest News·Oil & Gas

Forex Woes, Price Controls Cede Petrol Importation to NNPCL

Independent petroleum marketers have been forced to relinquish their initial foray into petrol importation due to the dual challenges of restricted access to foreign exchange (forex) and stringent price controls. The Nigerian

Emmanuel Ochayi

1 year ago

Oando Denies Having Interests In Maltese Blending Plant

Business·Latest News·Oil & Gas

Oando to Acquire Eni’s Nigerian Onshore Division

Oando, a prominent Nigerian oil producer, has announced its plans to acquire Italian energy giant Eni’s onshore Nigerian division. This groundbreaking deal encompasses control over onshore upstream assets nestled in the heart

Emmanuel Ochayi

1 year ago

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Currency

CBN-backed Official Window Record Increase In Dollar Rate, USD Falls In Black Market

The price of the United States currency, the dollar, was increased by N24.53 kobo in the Investors’ and Exporters’ window of the official market on Thursday. In a report obtained from the

Fakoyejo Olalekan

1 year ago

Business·Oil & Gas

NNPC Doesn’t Have Fuel To Sell – Oil Marketers’ Depot Chairman Says

The Chairman of Satellite Depot, Independent Petroleum Marketers Association of Nigeria (IPMAN), Lagos, Akin Akinrinade, said the retail stations owned by the Nigerian National Petroleum Company (NNPC) Limited don’t have fuel to

Fakoyejo Olalekan

1 year ago

Business·Currency

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

The FMDQ Exchange reported on Wednesday that the price of the United States Dollar (USD) dropped by N37.16 kobo to N738.18/$1 in the Investors’ and Exporters’ window. It was learnt that the

Fakoyejo Olalekan

1 year ago

NNPCL Denies Inflating Fuel Subsidy Payments

Business·Oil & Gas

Nigeria Records 164 Crude Oil Theft Incidents In One Week

The Nigerian National Petroleum Company (NNPC) Limited revealed that between 19 to 25 August 2023, about 164 crude oil theft incidents were recorded amid declining oil output. Of the total crude oil

Fakoyejo Olalekan

1 year ago

Naira Slips Again As Dollar Supply Drops

Business·Currency

Official Window, Black Market Dollar Rates Rise As Naira Depreciates

On Tuesday, the naira dropped in value by 0.41 per cent, as the exchange rate to the dollar settled at N775.34/$1 in the Investors’ and Exporters’ window of the official market. The

Fakoyejo Olalekan

1 year ago

Tinubu Set To Attend COP 28 Summit In Dubai

Business·Oil & Gas

Diesel Price To Rise, As FG Moves To Charge VAT After Oil Sector GDP Contribution Drops

The price of diesel might rise as the Nigeria Customs Service (NCS) is set to implement a value-added tax (VAT) on imported automobile gas oil (AGO), also known as diesel. According to

Fakoyejo Olalekan

1 year ago

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Authorised Dealers Increase Dollar Rates In Black Market, Official Window

The official market aggregator, FMDQ Exchange, reported that the naira to dollar exchange rate closed at N772.12/$1 in the Investors’ and Exporters’ (I&E) window of the official market on Monday. According to

Fakoyejo Olalekan

1 year ago

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Finance & Economy - Page 117

Soludo Unveils Investment Summit, Governance Plans

Forex Woes, Price Controls Cede Petrol Importation to NNPCL

Oando to Acquire Eni’s Nigerian Onshore Division

CBN-backed Official Window Record Increase In Dollar Rate, USD Falls In Black Market

NNPC Doesn’t Have Fuel To Sell – Oil Marketers’ Depot Chairman Says

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

Nigeria Records 164 Crude Oil Theft Incidents In One Week

Official Window, Black Market Dollar Rates Rise As Naira Depreciates

Diesel Price To Rise, As FG Moves To Charge VAT After Oil Sector GDP Contribution Drops

Authorised Dealers Increase Dollar Rates In Black Market, Official Window

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