Finance & Economy - Page 140

Naira Appreciates To N869/$1 As Experts Debate Stability

Dollar Remains Strong Against Naira As Dangote Refinery Set To Free Up Forex

The exchange rate between the Naira and the Dollar settled at ₦462.78/$1 on Monday, 8 May, in the official market, which is backed by the Central Bank of Nigeria (CBN). At the

Fakoyejo Olalekan

2 years ago

Naira Slips Again As Dollar Supply Drops

Business·Currency

Naira To Dollar Rate Closes At N462.23, Foreign Exchange Supply Up By $19.86 million

The Naira and Dollar exchange rate settled at ₦462.23 kobo/$1 at the close of business in the official market on Friday, 5 May 2023. This represents a 0.14 per cent increase in

Fakoyejo Olalekan

2 years ago

Dangote Cement GMD Defends Company's Prices After Criticism

Business·Oil & Gas

Nigeria’s Fuel Landing Cost To Drop By N20.7bn After Dangote Refinery Launch – Buhari

President Muhammadu Buhari will commission Dangote Refinery on 22 May 2023 before the end of his administration and the removal of the fuel subsidy in June. This was disclosed by Bashir Ahmad,

Fakoyejo Olalekan

2 years ago

Fuel Stations To Increase Petrol Price To Over N700, Oil Marketers Give Reasons

Business·Oil & Gas

Dollar Scarcity, Six Other Factors To Increase Fuel Price To N1,700 Per Litre

The President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PPROOAN), Billy Gillis-Harry, has revealed that scarcity of Dollars in the official market and crude oil cost could push fuel

Fakoyejo Olalekan

2 years ago

Business·Oil & Gas

Edo Refinery Places Order For 200,000 Barrels Of Crude

Edo Refinery and Petrochemicals Company Limited (ERPC) says it has once again placed order for 200,000 barrels of crude from Oza Oil Field operated by Decklar Resources Inc and Millenium Oil and

Stanley Ugboaja

2 years ago

Business·Currency

Dollar Weakens As Tinubu Eyes New Exchange Rate For Traders, Investors

The Dollar shed some value to the Naira on Thursday, 4 May, resulting in the Nigerian currency rising by 0.02 per cent, while the cost of the greenback dropped by N0.12 kobo.

Fakoyejo Olalekan

2 years ago

Business·Currency

Dollar Rate Increases After $1.58 billion Drop In Foreign Reserves

At the end of trading in the foreign exchange (forex) official market on Wednesday, 3 May, the Naira slumped to the Dollar, as the forex rate closed at ₦463/$1. The Naira failed

Fakoyejo Olalekan

2 years ago

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Naira Recovery Knocks Down Dollar Rate In Official Market

Dollar rate in official market was down on Tuesday, 2 May 2023, with the Naira recovering from drop reported on Friday, 28 April. Due to the Workers’ Day public holiday on Monday,

Fakoyejo Olalekan

2 years ago

Labour·Latest News

FG, States Can’t Pay Salaries Beyond June Without Removing Fuel Subsidy – Obaseki

The Edo State Governor, Mr Godwin Obaseki, on Monday, said the Federal Government may not be able to pay workers’ salaries beyond June 2023 without resorting to massively printing money or removing

Victor Ezeja

2 years ago

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

Business·Currency

Dollar Rate Up 47% Since CBN Banned Forex Sales To Black Market Sellers

The foreign exchange (forex) rate between the Naira and the Dollar has increased by 47 per cent since the Central Bank of Nigeria (CBN) banned the sales of FX to the black

Fakoyejo Olalekan

2 years ago

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Finance & Economy - Page 140

Dollar Remains Strong Against Naira As Dangote Refinery Set To Free Up Forex

Naira To Dollar Rate Closes At N462.23, Foreign Exchange Supply Up By $19.86 million

Nigeria’s Fuel Landing Cost To Drop By N20.7bn After Dangote Refinery Launch – Buhari

Dollar Scarcity, Six Other Factors To Increase Fuel Price To N1,700 Per Litre

Edo Refinery Places Order For 200,000 Barrels Of Crude

Dollar Weakens As Tinubu Eyes New Exchange Rate For Traders, Investors

Dollar Rate Increases After $1.58 billion Drop In Foreign Reserves

Naira Recovery Knocks Down Dollar Rate In Official Market

FG, States Can’t Pay Salaries Beyond June Without Removing Fuel Subsidy – Obaseki

Dollar Rate Up 47% Since CBN Banned Forex Sales To Black Market Sellers

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