Finance & Economy - Page 166

Edo Refinery Places Order For 200,000 Barrels Of Crude

Edo Refinery and Petrochemicals Company Limited (ERPC) says it has once again placed order for 200,000 barrels of crude from Oza Oil Field operated by Decklar Resources Inc and Millenium Oil and

Stanley Ugboaja

May 7, 2023

Naira Appreciates To N869/$1 As Experts Debate Stability

Business·Currency

Dollar Weakens As Tinubu Eyes New Exchange Rate For Traders, Investors

The Dollar shed some value to the Naira on Thursday, 4 May, resulting in the Nigerian currency rising by 0.02 per cent, while the cost of the greenback dropped by N0.12 kobo.

Fakoyejo Olalekan

May 5, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Dollar Rate Increases After $1.58 billion Drop In Foreign Reserves

At the end of trading in the foreign exchange (forex) official market on Wednesday, 3 May, the Naira slumped to the Dollar, as the forex rate closed at ₦463/$1. The Naira failed

Fakoyejo Olalekan

May 4, 2023

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Naira Recovery Knocks Down Dollar Rate In Official Market

Dollar rate in official market was down on Tuesday, 2 May 2023, with the Naira recovering from drop reported on Friday, 28 April. Due to the Workers’ Day public holiday on Monday,

Fakoyejo Olalekan

May 3, 2023

Labour·News

FG, States Can’t Pay Salaries Beyond June Without Removing Fuel Subsidy – Obaseki

The Edo State Governor, Mr Godwin Obaseki, on Monday, said the Federal Government may not be able to pay workers’ salaries beyond June 2023 without resorting to massively printing money or removing

Victor Ezeja

May 2, 2023

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

Business·Currency

Dollar Rate Up 47% Since CBN Banned Forex Sales To Black Market Sellers

The foreign exchange (forex) rate between the Naira and the Dollar has increased by 47 per cent since the Central Bank of Nigeria (CBN) banned the sales of FX to the black

Fakoyejo Olalekan

May 2, 2023

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

CBN’s $15.3 billion Intervention Fails To Clip Dollar, Exchange Rate Hit N463

Traders in the Investors’ and Exporters’ window of the official market transacted $71.68 million in foreign exchange on Friday, 28 April, as the Naira to Dollar exchange rate increased by 0.21 per

Fakoyejo Olalekan

May 1, 2023

NLC To Suspend Strike Action Against CBN, FG Intervenes In Dispute

Labour·News

NLC Shifts May Day Celebration To Streets Of Abuja

NLC) has been forced to change the venue for the National May Day Celebration in Abuja, after the government suddenly withdrew the permit to use the Eagle Square

Aka Ekene, PBA Journalism Mentee

April 29, 2023

NNPC Denies Plans To Increase Fuel Price

Business·Oil & Gas

Post-petrol Subsidy: 4 Most Affected Economic Sectors

As Nigerian government continues to mull over the removal of petrol subsidy scheme due to the heavy burden it poses on public finances, experts have continued to express concerns about the impact

Victor Ezeja

April 29, 2023

Naira Appreciates Against Dollar At Official, Black Market

Business·Currency

Naira To Dollar Exchange Rate Hit N462, MTN, 11 Plc CEOs Lament

The Naira extended its gain against the United States Dollar to the third day of trading in the official market, as the foreign exchange (forex) rate between both currencies closed at ₦462/$1

Fakoyejo Olalekan

April 28, 2023

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Finance & Economy - Page 166

Edo Refinery Places Order For 200,000 Barrels Of Crude

Dollar Weakens As Tinubu Eyes New Exchange Rate For Traders, Investors

Dollar Rate Increases After $1.58 billion Drop In Foreign Reserves

Naira Recovery Knocks Down Dollar Rate In Official Market

FG, States Can’t Pay Salaries Beyond June Without Removing Fuel Subsidy – Obaseki

Dollar Rate Up 47% Since CBN Banned Forex Sales To Black Market Sellers

CBN’s $15.3 billion Intervention Fails To Clip Dollar, Exchange Rate Hit N463

NLC Shifts May Day Celebration To Streets Of Abuja

Post-petrol Subsidy: 4 Most Affected Economic Sectors

Naira To Dollar Exchange Rate Hit N462, MTN, 11 Plc CEOs Lament

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