Finance & Economy - Page 152

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

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

Naira Records First Major Depreciation At Official Market In 2025

Business·Currency

Official Dollar Rate Surpasses Black Market Price, One Pound Hits N1002

In the official market on Friday, the dollar rate was increased by N14.27 kobo by the authorised dealers, while the naira depreciated by 1.87 per cent. This led to their clients buying

Fakoyejo Olalekan

July 10, 2023

Finance & Economy·News

Audit Experts Urge President Tinubu To Sign Federal Audit Service Bill To Replace 1956 Act

Audit experts on Thursday called on President Bola Ahmed Tinubu to expeditiously sign the new Federal Audit Service Bill ignored by former president Muhammadu Buhari as a replacement for the 1956 Audit

PBA Reporter

July 8, 2023

Agro-Economy·Business

Nigerian Pumpkin Leaf (Ugu) Farmer Looks To Solar Fuel, Seeks Foreign Sales Partnership

Located at the Graduate farmer’s Estate, Agbowa, off Ikorodu-Itoikin Road, his over one hectare of land beams with green life, as fluted pumpkin leaves (also known as ugu vegetable) sprawl across its

Victor Ezeja

July 7, 2023

Marketers Assure Petrol Price Drop, Zero Scarcity During Yuletide

Business·Oil & Gas

FG Using Oil Companies’ Fines To Increase Revenue – Major Oil Marketers

The Chairman of the Major Oil Marketers Association of Nigeria (MOMAN), Olu Adeosun, said the fuel subsidy removal will increase the Federal Government’s revenue from the oil industry. Adeosun stated that the

Fakoyejo Olalekan

July 7, 2023

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Official Market Dollar Sold At N762/$1, Euro, Pound Fluctuate In Black Market

In the investors’ and exporters’ window of the official market, the United States Dollar (USD) was sold at N762.63/$1 on Thursday, 6 July. The FMDQ Exchange, the official foreign exchange rate aggregator,

Fakoyejo Olalekan

July 7, 2023

Business·Finance & Economy

Fuel Subsidy Removal, FX Reforms Will Have Positive Impact In Long Run – MOMAN

Chairman of the Major Oil Marketers Association of Nigeria (MOMAN), Olu Adeosun, has said the ongoing measures being taken by the Federal Government, particularly the removal of subsidy on petrol and foreign

Victor Ezeja

July 6, 2023

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Finance & Economy - Page 152

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

Official Dollar Rate Surpasses Black Market Price, One Pound Hits N1002

Audit Experts Urge President Tinubu To Sign Federal Audit Service Bill To Replace 1956 Act

Nigerian Pumpkin Leaf (Ugu) Farmer Looks To Solar Fuel, Seeks Foreign Sales Partnership

FG Using Oil Companies’ Fines To Increase Revenue – Major Oil Marketers

Official Market Dollar Sold At N762/$1, Euro, Pound Fluctuate In Black Market

Fuel Subsidy Removal, FX Reforms Will Have Positive Impact In Long Run – MOMAN

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