Finance & Economy - Page 166

Naira Appreciates To N869/$1 As Experts Debate Stability

Dollar Rate Falls, As Two Governors Disagree Over CBN’s Cash Withdrawal Limit

On Monday, the naira finally gained against the United States dollar (USD) in the official exchange market, after four days of depreciation in the value of the Nigerian currency. At the end

Fakoyejo Olalekan

2 years ago

Savannah Energy Acquires $1.25bn PETRONAS Oil & Gas Portfolio In South Sudan

Savannah Energy PLC, the British independent energy company, has entered into a Share Purchase Agreement (SPA) with PETRONAS International Corporation Limited (PETRONAS) to acquire PETRONAS’ oil and gas business in South Sudan.

Victor Ezeja

2 years ago

Naira Slips Again As Dollar Supply Drops

Business·Currency

Naira Falls Again, Official Market Traders Increase Dollar Rate

There seems to be no end to the depreciation of naira in the official market, as the dollar rate rises by 0.11 per cent, with traders adding 50 kobo to their asking price

Fakoyejo Olalekan

2 years ago

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

Oil & Gas

Crude Oil Production Rises, Nigeria Risk Losing $23 billion

Nigeria’s crude oil production has increased to 1.59 million barrels per day, according to the Chief Upstream Investment Officer at the NNPC Upstream Investment Management Services (NUIMS), Bala Wunti. The figure provided

Fakoyejo Olalekan

2 years ago

Savannah Energy Takes Over $407m ExxonMobil Franchise In Chad, Cameroon

Savannah Energy PLC, the British independent energy company, has announced its completion of $407 million acquisition of ExxonMobil’s entire upstream and midstream asset portfolio in Chad and Cameroon.

Victor Ezeja

2 years ago

Oil & Gas·Opinion

Oil In the North: What Hope For Better Nigeria? (Part 2)

One must concede that the poor performance of Buhari’s government in the North, especially in his home state, underscores the irrelevance of any argument against his appointment of mostly his tribesmen. It‘s

Ifeanyi Ebenezer Onyike

2 years ago

Naira Strengthens To N1,576 As Dollar Supply Rises

Business·Currency

Dollar Rate Rises Again As CBN Speaks On Cash Withdrawal Limits

The naira continued its free fall on November 8 in the official market of the Investors & Exporters window after the dollar appreciated by 0.03 per cent. According to FMDQ’s exchange rate

Fakoyejo Olalekan

2 years ago

Business·Oil & Gas

Spain Tops United States On List Of Nigeria’s 10 Biggest Crude Oil Buyers

In the third quarter of 2022, Spain was the biggest buyer of Nigerian crude oil, with India, France, Netherlands, Indonesia and the United States completing the top five. According to the foreign

Fakoyejo Olalekan

2 years ago

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

Business·Oil & Gas

DSS Issues Warning To NNPC, Oil Marketers, Demands End To Fuel Scarcity In 48 Hours

Nigerian National Petroleum Corporation (NNPC) Limited and oil marketers have been given two days to end the current fuel scarcity across the country. The Department of State Services (DSS) had issued the

Fakoyejo Olalekan

2 years ago

Finance & Economy

Afrinvest Experts Highlight Investment Outlook, Opportunity For 2023

A wealth advisory firm, Afrinvest West Africa, has outlined the investment outlook for 2023 and how investors can explore the opportunities and guide against threats expected in the new year. Speaking during

Victor Ezeja

2 years ago

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Finance & Economy - Page 166

Dollar Rate Falls, As Two Governors Disagree Over CBN’s Cash Withdrawal Limit

Savannah Energy Acquires $1.25bn PETRONAS Oil & Gas Portfolio In South Sudan

Naira Falls Again, Official Market Traders Increase Dollar Rate

Crude Oil Production Rises, Nigeria Risk Losing $23 billion

Savannah Energy Takes Over $407m ExxonMobil Franchise In Chad, Cameroon

Oil In the North: What Hope For Better Nigeria? (Part 2)

Dollar Rate Rises Again As CBN Speaks On Cash Withdrawal Limits

Spain Tops United States On List Of Nigeria’s 10 Biggest Crude Oil Buyers

DSS Issues Warning To NNPC, Oil Marketers, Demands End To Fuel Scarcity In 48 Hours

Afrinvest Experts Highlight Investment Outlook, Opportunity For 2023

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