Finance & Economy - Page 167

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

Black Market Increases Dollar Rate, As CBN Reduces Naira Circulation

The naira weakened against the dollar on Wednesday in the black market, as the cost of purchasing the United States currency went up by 4.2 per cent. In the parallel market, the dollar

Fakoyejo Olalekan

2 years ago

IPMAN Asks FG To Partner With Illegal Refinery Operators In Creeks

Business·Oil & Gas

NNPC Reveals Nigeria Loses 700,000 barrels Per Day To Oil Thieves

The Chief Upstream Investment Officer at the NNPC Upstream Investment Management Services (NUIMS), Bala Wunti, said Nigeria loses 700,000 barrels per day to oil thieves. Wunti stated that the Federal Government had

Fakoyejo Olalekan

2 years ago

Hamas Attack On Israel, Rising Tensions Surge Oil Prices

Business·Oil & Gas

Flagship Energy Pushes Tech For Oil And Gas Trading Efficiency

Flagship Energy Limited believes that local Oil and Gas traders/operators could leverage technology to join the global oil and gas community. Mr Osagie Ediale, who runs Flagship Energy Limited, believes that local

PBA Reporter

2 years ago

Currency

CBN’s New Cash Withdrawal Limit Pushing Cashless Policy Too Hard, Says Dr Mbamalu

The Central Bank of Nigeria’s new cash withdrawal limits for daily and weekly transactions is unsustainable but will speed up cashless policy adoption by Nigerians. Dr Marcel Mbamalu, CEO of Newstide Publications

Victor Ezeja

2 years ago

Naira Slips Again As Dollar Supply Drops

Business·Currency·Insights

CBN Sells $9.4 billion Forex In 6 Months To Control Dollar Rate

In the first half of 2022, the Central Bank of Nigeria (CBN) sold $9.4 billion to the foreign exchange market to control dollar rate, despite international creditors advising against such intervention. Why

Fakoyejo Olalekan

2 years ago

Naira Appreciates To N869/$1 As Experts Debate Stability

Currency

Naira Reissue To Flush Out Counterfeit From Circulation – CBN

The Central Bank of Nigeria (CBN) has explained that the Naira notes redesign policy it recently introduced would help to remove fake currency in circulation and discourage hoarding of cash by members

Victor Ezeja

2 years ago

Nigeria's Treasury Bills Surpass N6.6trn In 2023 Amid Economic Headwinds

Business·Currency

Currency Redesign Can’t Improve Naira Value – CBN

The Deputy Director, Currency Operations Department of the Central Bank of Nigeria (CBN), Amina Halidu-Giwa, said the apaex bank’s redesigning programme will not improve naira value or strengthen the national currency. Halidu-Giwa

Fakoyejo Olalekan

2 years ago

Fuel Scarcity: I'm Sorry, Buhari Tells Nigerians

Business·Oil & Gas

Nigerian Petrol Regulator Addresses Fuel Price Hike, As Litre Sells For N250

Despite filling stations selling Premium Motor Spirit (PMS) between N230 and N250, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said the government has no intention of increasing fuel price.

Fakoyejo Olalekan

2 years ago

Business·Finance & Economy

Nigeria’s Inflation And CBN’s Policy Options

Nigeria’s Inflation, an economic situation where there is a general rise in prices of goods and services, directly impacts cost of living. It harms the economy and well-being of consumers, especially the

Arize Nwobu

2 years ago

Election: Oil Marketers Reveal Fuel Movement Stopped Over Fear Of Crisis

Business·Oil & Gas

NNPC Blames Lagos Road Projects For Fuel Scarcity, To Distribute 2 billion Litres

The Nigerian National Petroleum Company (NNPC) said ongoing road projects in Lagos are behind scarcity of fuel in several areas within the state, as queues return to filling stations. Prime Business Africa

Fakoyejo Olalekan

2 years ago

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Finance & Economy - Page 167

Black Market Increases Dollar Rate, As CBN Reduces Naira Circulation

NNPC Reveals Nigeria Loses 700,000 barrels Per Day To Oil Thieves

Flagship Energy Pushes Tech For Oil And Gas Trading Efficiency

CBN’s New Cash Withdrawal Limit Pushing Cashless Policy Too Hard, Says Dr Mbamalu

CBN Sells $9.4 billion Forex In 6 Months To Control Dollar Rate

Naira Reissue To Flush Out Counterfeit From Circulation – CBN

Currency Redesign Can’t Improve Naira Value – CBN

Nigerian Petrol Regulator Addresses Fuel Price Hike, As Litre Sells For N250

Nigeria’s Inflation And CBN’s Policy Options

NNPC Blames Lagos Road Projects For Fuel Scarcity, To Distribute 2 billion Litres

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