Finance & Economy - Page 160

Yusuf, has called on the Nigerian government to prioritise the need to address core issues currently affecting the citizens as a result of the removal of subsidy on Premium Motor Spirit (PMS) also known as petrol.

Petrol Crisis: Why States Should Manage Refineries – Ex-labour Leader

As the challenge of local production and distribution of petroleum products continues to rock Nigeria, a former deputy president of the Nigeria Labour Congress (NLC), Amechi Asugwuni, has advised the Federal Government

Victor Ezeja

June 5, 2023

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Currency

Dollar Rate Rises In Black Market, Naira Gains Against Pound, Euro

On Monday, June 5, the average dollar rate in the black market was N743.9/$1 before noon, trading higher than the N743.3/$1 rate reported last week Friday. However, the pound sterling traded downward,

Fakoyejo Olalekan

June 5, 2023

Nigeria’s Crude Oil Production Surges To 1.3mbpd

Business·News·Oil & Gas

Oil Prices Jump 2% As Saudi Arabia Plans Deeper Output Cuts

Saudi Arabia plans to deepen oil output cuts in July and this has shut up oil prices by as high as two per cent (2%), more than $1.5 a barrel, on Monday.

Editor

June 5, 2023

NNPC Denies Plans To Increase Fuel Price

Business·News·Oil & Gas

NNPC Ends Oil Swap Contracts, To Pay Cash For Petrol Imports

NNPC Ltd, the Nigeria state oil firm, is winding down crude swap contracts as its chief executive announced decision to henceforth pay cash for gasoline imports. The NNPC Ltd has been importing

Chimara Bygold

June 5, 2023

Elon Musk Now Twitter's Biggest Shareholder

Personal Finance·Tech News

Musk Surges Ahead Of Arnault In Wealth Ranking Following Louis Vuitton’s Shares Drop

Elon Musk, the prominent entrepreneur and Tesla CEO, has once again ascended to the apex of this coveted ranking. His ascendancy was precipitated by the decline in the shares of Bernard Arnault's

Aka Ekene, PBA Journalism Mentee

June 2, 2023

Lagos, Anambra, Enugu Residents Lament Petrol Scarcity, Price Hike

Business·Oil & Gas

Local Production Of Petrol Can Save Nigeria $21bn Of FX – IPMAN

As the crisis of petrol supply rages due to dependency on import, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has asserted that Nigeria can save about $21 billion of Foreign Exchange

Victor Ezeja

June 2, 2023

NNPC Doesn’t Have Fuel To Sell – Oil Marketers’ Depot Chairman Says

Business·Oil & Gas

Kyari Says Dangote, Port Harcourt Refineries Will Not Drop Fuel Price

Dangote Refinery, Port Harcourt Refining Company and other refineries expected to come onstream in Nigeria will not reduce fuel prices in the country. This is according to the Group Chief Executive Officer

Fakoyejo Olalekan

June 2, 2023

NNPCL Denies Inflating Fuel Subsidy Payments

Business·Oil & Gas

Buhari’s Gov’t Didn’t Pay For Subsidy In 2022, 2023 – NNPC’s Kyari Reveals

The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has disclosed that the immediate past president, Muhammadu Buhari, didn’t pay for subsidies in 2022 and

Fakoyejo Olalekan

June 2, 2023

We Need More Exports Of Products To Boost FX Earnings – Obaseki

Agro-Economy·News

Obaseki To Inaugurate Edo Forestry Commission Wednesday, June 7

The Edo State Governor, Mr Godwin Obaseki, will on Wednesday, June 7, 2023, inaugurate the Edo State Forestry Commission to drive the government’s plan for the conservation, management, and development of Edo

PBA Reporter

June 1, 2023

Business·Currency

Dollar, Pound, Euro Rates Fall 3 Days Straight In Black Market

The dollar rate in the Bureau De Change of the black market fell by N15.4 kobo on Thursday morning, as foreign exchange traders transacted the United States currency at a rate of

Fakoyejo Olalekan

June 1, 2023

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Finance & Economy - Page 160

Petrol Crisis: Why States Should Manage Refineries – Ex-labour Leader

Dollar Rate Rises In Black Market, Naira Gains Against Pound, Euro

Oil Prices Jump 2% As Saudi Arabia Plans Deeper Output Cuts

NNPC Ends Oil Swap Contracts, To Pay Cash For Petrol Imports

Musk Surges Ahead Of Arnault In Wealth Ranking Following Louis Vuitton’s Shares Drop

Local Production Of Petrol Can Save Nigeria $21bn Of FX – IPMAN

Kyari Says Dangote, Port Harcourt Refineries Will Not Drop Fuel Price

Buhari’s Gov’t Didn’t Pay For Subsidy In 2022, 2023 – NNPC’s Kyari Reveals

Obaseki To Inaugurate Edo Forestry Commission Wednesday, June 7

Dollar, Pound, Euro Rates Fall 3 Days Straight In Black Market

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