Finance & Economy - Page 151

Official Dollar Rate Surpasses N800, USD, Pound, Euro Prices Rise In Black Market

FMDQ Exchange, the official market aggregator, reported the naira to dollar exchange rate closed at N782.49/$1 on Wednesday. The United States Dollar was sold at a lower rate compared to the N788.42/$1

Fakoyejo Olalekan

July 13, 2023

Pension Fund Assets Increase To N19.787trn In April 2024

Business·Finance & Economy

‘Only 10% Of Nigerian Workers In Pension Scheme’

By Chidera Abaratu, Journalism Mentee Considering the failure of employers to enrol their employees in the nation’s Contributory Pension Scheme (CPS), 90% of Nigerian employees do not have pension accounts, Mr Hamisu

Chidera Abaratu, PBA Journalism Mentee

July 12, 2023

Experts Allege Shady Deal By Security Operatives, Who Burnt Vessel With Stolen Oil InA Delta

Business·Oil & Gas

Experts Allege Shady Deal By Security Operatives, Who Burnt Vessel With Stolen Oil In Delta

Security experts have called for a probe of the activities of security operatives involved in fighting oil theft in the Niger Delta. The call follows the report of security operatives of the

Victor Ezeja

July 12, 2023

Breaking: CBN Raises Interest Rate To 18.75%

Business·Currency

Banks Are Formalising Black Market Operations, BDC Chief Says, Laments Exclusion

The President of the Association of Bureau De Change Operators of Nigeria (ABCON), Aminu Gwadabe, said banks are now formalising the black market. Gwadabe stated that while banks are formalising parallel market

Fakoyejo Olalekan

July 12, 2023

Nigeria’s Crude Oil Production Surges To 1.3mbpd

Business·Oil & Gas

FG, OPEC+ To Renegotiate Crude Oil Output After Nigeria’s Failure To Meet Quota

The Federal Government is planning to meet with members of the Organisation of the Petroleum Exporting Countries and its non-OPEC partner, Russia, in November to renegotiate Nigeria’s crude oil output. According to

Fakoyejo Olalekan

July 12, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Forex Transactions Fall, As Dollar, Euro And Pound Cost Buyers More

Investors and exporters traded $68.10 million in foreign exchange on Tuesday, dropping the value of transactions by 30.28 per cent. This represents a shortfall of $29.59 million, as foreign exchange traders recorded

Fakoyejo Olalekan

July 12, 2023

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

Business·Currency

Dollar Rate Drops In Official Channel, USD, Pound, Euro Rates Increase in Black Market

The authorised dealers sold the dollar at a reduced rate on Monday, 10 July, as buyers parted with N744.07/$1 at the end of trading in the official market. In a report released

Fakoyejo Olalekan

July 11, 2023

Business·Oil & Gas

NNPC, Oil Marketers Disagree Over Fuel Subsidy Regime Contract

The Nigerian National Petroleum Company (NNPC) Limited has informed members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) to take delivery of petrol they paid for during the subsidy regime at

Fakoyejo Olalekan

July 11, 2023

Business·Oil & Gas

NCDMB, NLNG To Launch Local Content Opportunities on E-Marketplace

The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigeria LNG Limited are collaborating to roll out tender opportunities from the gas production and processing company on the Oil and Gas

PBA Reporter

July 10, 2023

Business·Currency

Capital Importation To Nigeria Hits $1.13bn In Q1, UK Leads Origin Of Investments

Nigeria’s total capital importation was $1.13 billion in the first quarter (Q1) of 2023, with the United Kingdom, United Arab Emirates, United States, South Africa and Singapore leading investments into the country.

Fakoyejo Olalekan

July 10, 2023

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Finance & Economy - Page 151

Official Dollar Rate Surpasses N800, USD, Pound, Euro Prices Rise In Black Market

‘Only 10% Of Nigerian Workers In Pension Scheme’

Experts Allege Shady Deal By Security Operatives, Who Burnt Vessel With Stolen Oil In Delta

Banks Are Formalising Black Market Operations, BDC Chief Says, Laments Exclusion

FG, OPEC+ To Renegotiate Crude Oil Output After Nigeria’s Failure To Meet Quota

Forex Transactions Fall, As Dollar, Euro And Pound Cost Buyers More

Dollar Rate Drops In Official Channel, USD, Pound, Euro Rates Increase in Black Market

NNPC, Oil Marketers Disagree Over Fuel Subsidy Regime Contract

NCDMB, NLNG To Launch Local Content Opportunities on E-Marketplace

Capital Importation To Nigeria Hits $1.13bn In Q1, UK Leads Origin Of Investments

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