Finance & Economy - Page 161

Fuels Scarcity: We’re Having Distribution Challenge – NNPCL GMD

Group Managing director, Nigeria National Petroleum Company Limited, Mele Kyari has said the challenges of distribution faced by marketers was responsible for the lingering fuel scarcity in the country. Kyari spoke on

Victor Ezeja

2 years ago

NNPCL Denies Inflating Fuel Subsidy Payments

Business·Oil & Gas

NNPC Makes Case For Lack Of Record On $1 billion Crude Oil Export

Nigerian National Petroleum Company (NNPC) Limited said it remitted earnings from the 17.877 million barrels of crude it exported contrary to allegations against the firm. According to several reports quoting the Auditor

Fakoyejo Olalekan

2 years ago

Entrepreneurship·Lifestyle·World News

Reuters Opens Application For 2023 Journalist Fellowship Programme At Oxford

Reuters has opened applications for its 2023 Journalist Fellowship Programme, giving journalists from around the world the opportunity to study at the University of Oxford. Reuters is a media organization that specializes

Somto Bisina

2 years ago

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

Business·Currency

Official Market Traders Increase Dollar Rate, As Supply Falls

The cost of buying the United States dollar (USD) increased on Wednesday in the official market, indicating demand remains higher than supply. In the investors and exporters window of the official market,

Fakoyejo Olalekan

2 years ago

Nigeria Week Ahead: CBN Rate Decision, Inflation & Oil in Focus

Business·Oil & Gas

Nigeria To Spend 1 Year Oil Revenue On Fuel Subsidy In 6 Months

Nigeria’s Finance Minister, Zainab Ahmed, has disclosed that the country’s fuel subsidy payment in six months will surpass the revenue earned from oil sources within 12 months. Ahmed said this at the

Fakoyejo Olalekan

2 years ago

Finance Minister Criticises Moody’s Over Downgrade Rating

Finance & Economy

Nigerian Govt Paying Fuel Subsidy With Borrowed Funds – Finance Minister

Nigeria’s Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, restated the need to end the fuel subsidy regime, disclosing that the Federal Government was borrowing money to fund it. Mrs

Victor Ezeja

2 years ago

Finance & Economy

Economy: LCCI Urges Govt To Sustain Interventions In Critical Sectors

With the headwinds causing disruptions in global and domestic economy, the Lagos Chamber of Commerce and Industry (LCCI) has stressed the need for Nigerian government to sustain targeted fiscal Interventions in critical

Victor Ezeja

2 years ago

Naira Strengthens To N1,576 As Dollar Supply Rises

Business·Currency

Naira Gains In Official Market As Dollar Rate Falls Ahead Of CBN Deadline

The naira appreciated in the official market on Tuesday, December 3, 2023, as the Central Bank of Nigeria (CBN) backed foreign exchange channel resumed for forex trading. After trading hours, the dollar exchanged

Fakoyejo Olalekan

2 years ago

Nigeria’s Pension Fund Assets Surge To N17.658trn In October 2023

Finance & Economy·Personal Finance

Pension Funds In Nigeria Set To Hit N14.8 trillion In 2023 – Expert

Despite the biting hardship in the country, managers of pension funds in Nigeria say the total could increase to as much as N14.8 trillion. Managing director/CEO of First Pension Custodian, Mr. Oloruntimilehin

Victor Ezeja

2 years ago

Finance & Economy

Senate Gives Conditions For Reconsidering Buhari’s N23.7trn Loan Restructuring

Nigerian Senate has given President Muhammadu Buhari-led executive arm of the government conditions to meet for them to reconsider the proposed borrowing of loan. President of the Senate, Ahmad Lawan, said certain

Victor Ezeja

2 years ago

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Finance & Economy - Page 161

Fuels Scarcity: We’re Having Distribution Challenge – NNPCL GMD

NNPC Makes Case For Lack Of Record On $1 billion Crude Oil Export

Reuters Opens Application For 2023 Journalist Fellowship Programme At Oxford

Official Market Traders Increase Dollar Rate, As Supply Falls

Nigeria To Spend 1 Year Oil Revenue On Fuel Subsidy In 6 Months

Nigerian Govt Paying Fuel Subsidy With Borrowed Funds – Finance Minister

Economy: LCCI Urges Govt To Sustain Interventions In Critical Sectors

Naira Gains In Official Market As Dollar Rate Falls Ahead Of CBN Deadline

Pension Funds In Nigeria Set To Hit N14.8 trillion In 2023 – Expert

Senate Gives Conditions For Reconsidering Buhari’s N23.7trn Loan Restructuring

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