Finance & Economy - Page 144

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

Naira to Dollar Rate Today: Dollar Rate Rises In CBN-Backed Forex Market

The foreign exchange (Forex) rate in the official market settled at ₦464 per Dollar on Friday, 14 April 2023, as the United States currency increased in value. Prime Business Africa learnt from

Fakoyejo Olalekan

2 years ago

Africa·Business·Finance & Economy

AfDB Approves Trade Finance Transaction Guarantee Facility For Bancobu

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a trade finance transaction guarantee facility to Banque Commerciale Du Burundi (Bancobu). Leveraging Bancobu’s strategic footprint in the East

John Adoyi, PBA Journalism Mentee

2 years ago

How Nigeria Has Failed To Pluck Low-hanging Fruits In Palm Oil Production

Agro-Economy·Business

Nigeria Fails To Pluck Low-hanging Fruits, Imports N300bn Palm Oil In 6 Years

Highlights Nigeria has great potential to produce palm oil on large scale for exports and local consumption but has since independence failed to develop the needed capacity The country spent N299.6 billion

Victor Ezeja

2 years ago

Business·Diaspora·Latest News·Real Estate

Shelter Afrique Targets African Diaspora In Housing Delivery

HIGHLIGHTS Remittances by Africans in the diaspora reached over $95.6bn in 2021, according to World Bank statistics Nigeria, Ghana, Kenya among the highest recipients of remittance inflows in Africa Pan African housing development

John Adoyi, PBA Journalism Mentee

2 years ago

Savannah Energy Records 20% Increase In Nigerian Operations In 2022, Continues Shift to Renewables

Business·Oil & Gas

Savannah Energy’s Q1 Financial Update Records 29% Hike In Nigerian Operations

The Q1 2023 Unaudited financial results showed that the company posted a total revenue of US$147.6m, comprising US$71.0m from its Nigerian operations Chad upstream revenues hit US$76.6m Report Shows the Group’s cash

John Adoyi, PBA Journalism Mentee

2 years ago

FG Reopens Six Land Borders, To Probe Reasons Buhari Closed Borders

Business·Oil & Gas

Plan By Buhari, Tinubu To Remove Fuel Subsidy Faces NUPENG Setback

The plan of the Federal Government to remove subsidy on fuel might suffer a setback as the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) revealed they won’t be supporting the

Fakoyejo Olalekan

2 years ago

Seplat Shareholders Demand Sack Of CEO, Board Amid Legal Fees Controversy

Business·Oil & Gas

FG Sues Seplat CEO, Roger Brown, Chairman, Basil Omiyi, Over Oil Job Conspiracy

The Chief Executive Officer of Seplat Energy, Roger Brown, the firm’s Chairman, Basil Omiyi, and six big shots in the oil and gas company have been slammed with a lawsuit by the

Fakoyejo Olalekan

2 years ago

Naira Strengthens To N1,576 As Dollar Supply Rises

Business·Currency

Exchange Rate Falls In Official Market, As Dollar Loses Value

The Naira appreciated in value on Tuesday, 11 April 2023, as the cost of buying a Dollar in the official foreign exchange market fell by N0.35 kobo. According to FMDQ Exchange data,

Fakoyejo Olalekan

2 years ago

Africa·Business·Finance & Economy

Africa’s ‘Big 5’ Wealth Markets For Billionaires

South Africa, Egypt, Nigeria, Kenya, and Morocco are the ‘Big 5’ wealth markets in Africa. Together, they account for some significant 56% of Africa’s high-net-worth individuals. In that order, they constitute well

Aka Ekene, PBA Journalism Mentee

2 years ago

Nigeria's Debt Crisis Deepens With 183% Debt Service To Revenue Ratio

Business·Finance & Economy·Top Stories

5 African Countries Facing Serious Debt Crisis In 2023

Over the past few years, developing nations have been grappling escalating debt levels, facing a multitude of macroeconomic hurdles which limit their ability to service these debts and promote sustainable growth. Often,

Aka Ekene, PBA Journalism Mentee

2 years ago

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Finance & Economy - Page 144

Naira to Dollar Rate Today: Dollar Rate Rises In CBN-Backed Forex Market

AfDB Approves Trade Finance Transaction Guarantee Facility For Bancobu

Nigeria Fails To Pluck Low-hanging Fruits, Imports N300bn Palm Oil In 6 Years

Shelter Afrique Targets African Diaspora In Housing Delivery

Savannah Energy’s Q1 Financial Update Records 29% Hike In Nigerian Operations

Plan By Buhari, Tinubu To Remove Fuel Subsidy Faces NUPENG Setback

FG Sues Seplat CEO, Roger Brown, Chairman, Basil Omiyi, Over Oil Job Conspiracy

Exchange Rate Falls In Official Market, As Dollar Loses Value

Africa’s ‘Big 5’ Wealth Markets For Billionaires

5 African Countries Facing Serious Debt Crisis In 2023

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