Finance & Economy - Page 158

Naira Appreciates To N869/$1 As Experts Debate Stability

FX Dealers Increase Dollar Rate In Official Channel, USD Trades At N754.5 In Black Market

The official market on Friday, 9 June, recorded a 0.6% decline in the value of the naira, as the dollar rate was up by N3, according to the FMDQ Exchange, the official

Fakoyejo Olalekan

June 12, 2023

Business·Oil & Gas

Fuel Subsidy Removal: Allow Private Investors To Set Up Modular Refineries – Utomi Urges FG

As reactions continue to trail the announcement of fuel subsidy removal by President Bola Tinubu, a Professor of Political Economy, Pat Utomi, has advised the Federal Government to grant licences to private

Victor Ezeja

June 12, 2023

Business·News·Oil & Gas

Fuel Subsidy Removal: 26 Actions Tinubu Govt Must Take – CPPE

To ensure inclusive, impactful and sustainable palliative measures on fuel subsidy removal, there are at least 26 things the Nigerian government must do in the immediate, short and medium term, according to

Editor

June 11, 2023

Business·Currency·News

Naira-Dollar Rate May Hit N630 On Emefiele Suspension, Arrest – Expert

How will the naira in the coming weeks respond to the goings-on in the Central Bank of Nigeria (CBN), given the suspension and eventual arrest of governor Godwin Emefiele? Lagos-based economic analyst, Razaq

Editor

June 11, 2023

Business·Oil & Gas

NNPC Says Kyari Erroneously Increases Firm’s Net Profit To N687 trillion

The Nigerian National Petroleum Company (NNPC) Limited has disclosed that its Group Chief Executive Officer (GCEO), Mele Kyari, erroneously put the firm’s profit after tax for the 2021 financial year at N687 trillion.

Fakoyejo Olalekan

June 9, 2023

Business·Oil & Gas

ExxonMobil Top Officials Visit Tinubu After Buhari Dashed Seplat CEO’s Hope

Top officials in ExxonMobil visit President Bola Tinubu on Thursday amid a delay in the $1.28 billion asset deal between the firm and Seplat Energy. Prime Business Africa previously reported that ExxonMobil

Fakoyejo Olalekan

June 9, 2023

Business·Oil & Gas

‘Buhari Spent $19bn To Repair Old Refineries, Dangote Built New One With $19bn’

Nasarawa State Governor, Abdullahi Sule, disclosed that over $19 billion used to build Dangote Refinery was spent by former President Muhammadu Buhari to maintain the government-owned refineries. Sule said the refineries in

Fakoyejo Olalekan

June 9, 2023

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Black Market Increases Dollar, Pound, Euro Rates

Foreign exchange currencies in the black market – dollar, pound and euro – appreciated against the naira on Thursday, 9 June. Parallel market rate aggregator indicated that the average rate of the

Fakoyejo Olalekan

June 9, 2023

Business·Oil & Gas

Tinubu Tables Request After State Governors Back Fuel Subsidy Removal

The Nigerian Governors’ Forum (NGF) has thrown its weight behind the removal of fuel subsidy by President Bola Tinubu. According to the Chairman of the governors’ forum, AbdulRahman AbdulRazaq, Governor of Kwara

Fakoyejo Olalekan

June 8, 2023

Dangote Cement GMD Defends Company's Prices After Criticism

Business·Oil & Gas

NNPC Reveals Dangote Yet To Request Crude Oil Since Commissioning Refinery

The Nigerian National Petroleum Company (NNPC) Limited has revealed that Dangote Refinery is yet to receive crude as the company owned by Aliko Dangote hasn’t made any request. NNPC Limited spokesperson, Garba-Deen

Fakoyejo Olalekan

June 8, 2023

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Finance & Economy - Page 158

FX Dealers Increase Dollar Rate In Official Channel, USD Trades At N754.5 In Black Market

Fuel Subsidy Removal: Allow Private Investors To Set Up Modular Refineries – Utomi Urges FG

Fuel Subsidy Removal: 26 Actions Tinubu Govt Must Take – CPPE

Naira-Dollar Rate May Hit N630 On Emefiele Suspension, Arrest – Expert

NNPC Says Kyari Erroneously Increases Firm’s Net Profit To N687 trillion

ExxonMobil Top Officials Visit Tinubu After Buhari Dashed Seplat CEO’s Hope

‘Buhari Spent $19bn To Repair Old Refineries, Dangote Built New One With $19bn’

Black Market Increases Dollar, Pound, Euro Rates

Tinubu Tables Request After State Governors Back Fuel Subsidy Removal

NNPC Reveals Dangote Yet To Request Crude Oil Since Commissioning Refinery

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