Finance & Economy - Page 119

Naira Rises Against Dollar, Ends Week On Positive Note

Naira Surges 0.76% To N1,300/$1 In Black Market After 3 Weeks

In a turn of events, the Naira made a recovery against the US Dollar on Wednesday, as it appreciated to N1,300 per dollar on the black market, marking a 0.76% increase equivalent

Emmanuel Ochayi

1 year ago

News·Oil & Gas

NCDMB Boss Warns Against Altering Petroleum Industry Act

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has advised that making unending changes to the structures set up by Petroleum Industry Act 2021

Admin

1 year ago

Marketers Assure Petrol Price Drop, Zero Scarcity During Yuletide

Business·News·Oil & Gas

Fuel Scarcity Looms As Forex Crisis Causes 90% Depot Shutdown

Players in the downstream sector of Nigeria’s oil industry have lamented that 90 per cent of depots operated by independent oil marketers are currently closed owing to the volatility in the foreign

Victor Ezejaand

Admin

1 year ago

Business·Currency

Naira Falls To N847/$ Official Exchange Rate

The official exchange rate witnessed a sharp decline, with the naira weakening to N847 against the dollar, marking a 6.93% drop from yesterday’s rate of N793. Data sourced from the official NAFEM

Bisina Somto

1 year ago

Nigerian Govt Must Prioritise Investment In Agriculture To Boost Economy – Experts

Agro-Economy·News

Nigerian Govt To Boost Food Production With Water Resources

The Minister of Water Resources and Sanitation, Joseph Utsev, has expressed the resolve of the Federal Government to use the country’s water resources as a strategy to boost production of food and

Abigail Erhiagboje

1 year ago

Lagos, Anambra, Enugu Residents Lament Petrol Scarcity, Price Hike

Business·Oil & Gas

How Forex Scarcity Hinders Marketers From Importing Petrol – NMPDRA

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has disclosed that the challenge of Forex illiquidity was the reason behind the decline in the number of approved importers bringing petrol cargoes

Victor Ezeja

1 year ago

Nigerian Oil Industry On Steady Growth Trend Despite IOCs Investment Decline - Wabote

Business·News·Oil & Gas

Nigerian Oil Industry On Steady Growth Despite IOC’s Investment Decline – Wabote

The Nigerian oil and gas industry is growing steadily across several fronts despite reduced investments due to the global quest for cleaner energy and divestments of some onshore and shallow assets by

Admin

1 year ago

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

Business·Oil & Gas

OPEC Canvasses $14trn Investment To Meet Soaring Global Oil Demand

OPEC Secretary General, Haitham Al Ghais, has made an urgent call for a $14 trillion investment between 2023 and 2045 in a plea to address the escalating global thirst for oil and

Emmanuel Ochayi

1 year ago

Business·Finance & Economy

Experts Call For Local Production To Strengthen The Naira

Experts have pointed out that local productivity can strengthen the Naira. This is coming as Nigerians continue to decry the unending depreciation of the Naira in spite of monetary policy initiatives by

Emmanuel Ochayi

1 year ago

Finance & Economy·News

Lagos, Rivers, FCT Lead As States Generate N1.93tn – NBS

Lagos, Rivers, and the Federal Capital Territory (FCT) emerged as the frontrunners in state-generated revenue, with a collective total of N1.93 trillion in 2022. Data released by the National Bureau of Statistics

Emmanuel Ochayi

1 year ago

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Finance & Economy - Page 119

Naira Surges 0.76% To N1,300/$1 In Black Market After 3 Weeks

NCDMB Boss Warns Against Altering Petroleum Industry Act

Fuel Scarcity Looms As Forex Crisis Causes 90% Depot Shutdown

Naira Falls To N847/$ Official Exchange Rate

Nigerian Govt To Boost Food Production With Water Resources

How Forex Scarcity Hinders Marketers From Importing Petrol – NMPDRA

Nigerian Oil Industry On Steady Growth Despite IOC’s Investment Decline – Wabote

OPEC Canvasses $14trn Investment To Meet Soaring Global Oil Demand

Experts Call For Local Production To Strengthen The Naira

Lagos, Rivers, FCT Lead As States Generate N1.93tn – NBS

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