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Finance & Economy - Page 146

Finance & Economy·News·Politics·Top Stories

Atiku Faults FG Over Xpress Payments’ TSA Role, Warns of ‘State Capture’

Former Vice-President Atiku Abubakar has criticised the Federal Government over the recent appointment of Xpress Payment Solutions Limited as a new collecting agent under the Treasury Single Account (TSA), describing the move as an attempt to “nationalise a revenue cartel” and warning

November 23, 2025

Dangote Refinery Boosts U.S. Jet Fuel Supply As Demand Rises

Business·News·Oil & Gas

NNPCL Boosts Dangote Refinery With Fourth Delivery Of 1m Barrels Crude Oil

In a move propelling Nigeria’s refining landscape, the Nigeria National Petroleum Corporation Limited (NNPCL) has continued its stride by delivering an additional one million barrels of crude oil to the Dangote Refinery. This marks the fourth consecutive delivery in a series set

November 28, 2023

Nigerian Naira Vs U.S. Dollar: What To Expect This Week (17th-22nd, March 2025)

Business·Currency·News

Naira Slumps To N1130/$1 Despite Prior Gains; CBN’s Measures In Focus

In a turn of events, the Nigerian naira faced a downward spiral against the US dollar, hitting an intraday high of N1130/$1 at the official market, signaling a concerning trend for the local currency. Despite this decline, the naira closed on par

November 28, 2023

Naira Falls To ₦1,530/$ At Official Market After Public Holiday

Business·Finance & Economy·News

Persisting Forex Crisis Threatens Nigeria’s $1trn Economy Ambition

Analysis by Prime Business Africa has shed light on Nigeria’s struggle to achieve its $1 trillion economy goal amidst the forex exchange market turmoil and the naira’s persistent weakness. The devaluation of the naira has resulted in $193 billion loss in the

November 27, 2023

Business·News·Oil & Gas

Tinubu Reappoints Kyari As NNPCL CEO, Appoints New Board Members

President Bola Tinubu reappoints Mallam Mele Kolo Kyari as the CEO of the Nigerian National Petroleum Company Limited (NNPCL), and as announced the appointment of new board members. This decision, alongside the formation of a new board and management team, underscores a

November 27, 2023

Agro-Economy·Business·News

Lagos State Commissioner Urges Youth Participation In Agriculture

Lagos State Commissioner of Agriculture, Ms. Abisola Olusanya Advocates Youth Involvement in Farming as Crucial for Economic Growth and Development. The call for increased youth engagement in agriculture resonated strongly at the Salespush Academy seminar titled “Unleashed Potential: Harnessing Opportunities in Agriculture,

November 27, 2023

Business·Finance & Economy

Companies Increase Staff Salaries By 18.35% Amid Soaring Inflation

Nigerian companies have moved to cushion the effect of the soaring inflation by increasing staff salaries by 18.35%. The move revealed through data from the National Bureau of Statistics (NBS) ‘Nigerian Gross Domestic Product Report,’ signals an increase from N24.88 trillion in

November 27, 2023

Senate Speedily Passes N2.176trn Supplementary Budget, Cites Dry Season As Reason

Business·News·Oil & Gas

Nigerian Lawmakers To Probe N250 Billion CBN Disbursement For Gas Expansion Program

The Nigerian Senate gears up for a deep dive into the utilization of the over N250 billion disbursed by the Central Bank of Nigeria (CBN) under the Nigeria Gas Expansion Programme (NGEP) intervention fund. The investigative hearing, set to commence on November

November 26, 2023

NMDPRA: Nigerian Govt Will Not Fix Price For Petroleum Products From Dangote Refinery, Pushes CNG Expansion

Business·News·Oil & Gas

Dangote Announces $20 Billion Refinery Listing On NGX

Nigerian business mogul Aliko Dangote has unveiled plans to list his $20 billion Dangote Refinery on the Nigerian Exchange Limited (NGX). Dangote revealed the resolution of critical challenges hindering crude oil supply, a milestone propelling the refinery towards its long-anticipated listing. “We

November 26, 2023

Tomato Supply Threat Sparks Fear Of Price Hike In Lagos Over Market Clash

Agro-Economy·Business·News

Food Prices Skyrocket Beyond Reach As Tomato Prices In Nigeria Soar 48.73% To N675.91/kg

Nigeria faces surge in food prices, according to the latest report by the National Bureau of Statistics (NBS) for October. The cost of essential commodities has soared with tomatoes, rice, boneless beef, and Gari witnessing price hikes, intensifying the burden on consumers.

November 26, 2023

Africa·Business·News·Oil & Gas

Nigerian Govt Pledges Commitment To West African Gas Pipeline Project

Minister of State for Petroleum Resources (Gas) Ekperikpe Ekpo has reiterated Nigeria’s support for the West African Gas Pipeline Project, emphasizing the government’s dedication to realizing its full potential. In his speech, In an address at the WAGP Authority Committee of Ministers

November 26, 2023

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Bank of England Eyes High Interest Rate Amidst Falling Inflation: Analysts Suggest June For Cut

Bank of England Set for December Rate Cut

"With inflation still at 3.6% and deposit yields poised to

Nigeria Inflation Falls to 16% in October, Cost Pressures Remain High

Nigeria’s headline inflation dropped sharply to 16.02% in October 2025

Lagos Unveils Fresh Food Subsidy Drive to Ease Holiday Price Pressures

The Lagos State Government has rolled out the second phase

Markets Brace for Wave of Delayed U.S. Economic Data as Shutdown Backlog Clears

With federal agencies returning to operation after weeks of paralysis,

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Finance & Economy - Page 146

Atiku Faults FG Over Xpress Payments’ TSA Role, Warns of ‘State Capture’

NNPCL Boosts Dangote Refinery With Fourth Delivery Of 1m Barrels Crude Oil

Naira Slumps To N1130/$1 Despite Prior Gains; CBN’s Measures In Focus

Persisting Forex Crisis Threatens Nigeria’s $1trn Economy Ambition

Tinubu Reappoints Kyari As NNPCL CEO, Appoints New Board Members

Lagos State Commissioner Urges Youth Participation In Agriculture

Companies Increase Staff Salaries By 18.35% Amid Soaring Inflation

Nigerian Lawmakers To Probe N250 Billion CBN Disbursement For Gas Expansion Program

Dangote Announces $20 Billion Refinery Listing On NGX

Food Prices Skyrocket Beyond Reach As Tomato Prices In Nigeria Soar 48.73% To N675.91/kg

Nigerian Govt Pledges Commitment To West African Gas Pipeline Project

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Atiku Faults FG Over Xpress Payments’ TSA Role, Warns of ‘State Capture’

Bank of England Set for December Rate Cut

Nigeria Inflation Falls to 16% in October, Cost Pressures Remain High

Lagos Unveils Fresh Food Subsidy Drive to Ease Holiday Price Pressures

Markets Brace for Wave of Delayed U.S. Economic Data as Shutdown Backlog Clears

Tinubu Withdraws Police From VIP Escorts, Orders Redeployment to Communities

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Finance & Economy - Page 146

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