Finance & Economy - Page 165

Seplat Accuses Petitioners Of Trying To Prevent Board From Eliminating Related Party Transactions

Seplat Energy has accused the persons behind several lawsuits against the firm of trying to stop the oil and gas firm from eliminating related party transactions. The board of Seplat had said

Fakoyejo Olalekan

May 12, 2023

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Naira Falls To Dollar, As Exchange Rate Hits N463.02/$1

The official market ended foreign exchange (forex) trading on Wednesday, 10 May, at N463.02/$1, as the Dollar rate increased by N0.77 kobo. This contrasted with the N462.25 kobo/$1 foreign exchange rate FMDQ Exchange

Fakoyejo Olalekan

May 11, 2023

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

Business·Currency

CBN’s RT200 FX Programme Increases Repatriation Of Non-oil Export Proceeds

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, revealed that the RT200 FX programme has led to an increase in foreign exchange repatriation. Emefiele said the rebate programme attached

Fakoyejo Olalekan

May 11, 2023

Naira Records First Major Depreciation At Official Market In 2025

Business·Currency

Investors, Exporters Buy Dollar At N462.25, USD Crunch Affect Forex Supply

Traders in the official market exchanged the Naira for Dollar at N462.25 kobo/$1 at the end of the session on Tuesday, 10 May. Although during trading, investors and exporters exchanged the United

Fakoyejo Olalekan

May 10, 2023

Money Supply In Nigeria Rises By N600bn, Currency In Circulation Drops To N2.59trn

Finance & Economy·Opinion

CBN, Bankers’ Committee And The Drive For Non-oil Exports

For many decades now, Nigeria has been desperately trying to diversify its foreign exchange earnings through non-oil exports.

Etim Etim

May 10, 2023

Africa·Finance & Economy

AFREXIM Bank: The Next 30 Years – Kingsley Moghalu

Kingsley Moghalu, former Deputy Governor of the Central of Bank of Nigeria (CBN), delivered a lecture at the AFREXIM Bank 30 years anniversary celebration in Cairo

Kingsley Moghalu

May 9, 2023

Naira Appreciates To N869/$1 As Experts Debate Stability

Business·Currency

Dollar Remains Strong Against Naira As Dangote Refinery Set To Free Up Forex

The exchange rate between the Naira and the Dollar settled at ₦462.78/$1 on Monday, 8 May, in the official market, which is backed by the Central Bank of Nigeria (CBN). At the

Fakoyejo Olalekan

May 9, 2023

Naira Appreciates Against Dollar At Official, Black Market

Business·Currency

Naira To Dollar Rate Closes At N462.23, Foreign Exchange Supply Up By $19.86 million

The Naira and Dollar exchange rate settled at ₦462.23 kobo/$1 at the close of business in the official market on Friday, 5 May 2023. This represents a 0.14 per cent increase in

Fakoyejo Olalekan

May 8, 2023

Dangote Cement GMD Defends Company's Prices After Criticism

Business·Oil & Gas

Nigeria’s Fuel Landing Cost To Drop By N20.7bn After Dangote Refinery Launch – Buhari

President Muhammadu Buhari will commission Dangote Refinery on 22 May 2023 before the end of his administration and the removal of the fuel subsidy in June. This was disclosed by Bashir Ahmad,

Fakoyejo Olalekan

May 8, 2023

Fuel Stations To Increase Petrol Price To Over N700, Oil Marketers Give Reasons

Business·Oil & Gas

Dollar Scarcity, Six Other Factors To Increase Fuel Price To N1,700 Per Litre

The President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PPROOAN), Billy Gillis-Harry, has revealed that scarcity of Dollars in the official market and crude oil cost could push fuel

Fakoyejo Olalekan

May 8, 2023

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Finance & Economy - Page 165

Seplat Accuses Petitioners Of Trying To Prevent Board From Eliminating Related Party Transactions

Naira Falls To Dollar, As Exchange Rate Hits N463.02/$1

CBN’s RT200 FX Programme Increases Repatriation Of Non-oil Export Proceeds

Investors, Exporters Buy Dollar At N462.25, USD Crunch Affect Forex Supply

CBN, Bankers’ Committee And The Drive For Non-oil Exports

AFREXIM Bank: The Next 30 Years – Kingsley Moghalu

Dollar Remains Strong Against Naira As Dangote Refinery Set To Free Up Forex

Naira To Dollar Rate Closes At N462.23, Foreign Exchange Supply Up By $19.86 million

Nigeria’s Fuel Landing Cost To Drop By N20.7bn After Dangote Refinery Launch – Buhari

Dollar Scarcity, Six Other Factors To Increase Fuel Price To N1,700 Per Litre

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