Finance & Economy - Page 169

Naira Records First Major Depreciation At Official Market In 2025

Official Market’s Foreign Exchange Dealers Reduce Dollar Rate

The official market’s foreign exchange rate closed at ₦462.50 kobo on Wednesday, 19 April 2023, as the Dollar loses ground to the Naira. Nigeria’s currency grew in value by 0.16 per cent

Fakoyejo Olalekan

April 20, 2023

Entrepreneurship·Insights·Personal Finance

7 High-paying Professions In Nigeria

Highlights • Financially fulfilling careers are desired by people worldwide, including in Nigeria. • Surgeons, pilots, medical doctors, sailors, lawyers, petroleum engineers, and military officers are among the highest-paying professions in Nigeria.

Aka Ekene, PBA Journalism Mentee

April 20, 2023

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

Business·Currency

Black Market Dollar Rate Now N291.75kobo Above Official Market, Pound Hits N950

The gap between the black market and the official window in the foreign exchange (Forex) market is ₦291.75 kobo according to the Forex data obtained by Prime Business Africa on Wednesday, 19

Fakoyejo Olalekan

April 19, 2023

Business·Currency

Cash In Circulation Up By N701.4 billion, Emefiele’s CBN Loses Control Again

The Central Bank of Nigeria (CBN) has revealed that the currency in circulation increased by N701.4 billion within one month. According to the central bank’s money and credit statistics, the currency in

Fakoyejo Olalekan

April 19, 2023

Business·Oil & Gas

Oil Theft: Shell Discovers 460 Illegal Connections To Its Trans Niger Pipeline

Chairman of Shell Companies in Nigeria, Osagie Okunbor, said the oil and gas company discovered 460 illegal connections on its Trans Niger Pipeline. Prime Business Africa understands that the Trans Niger Pipeline

Fakoyejo Olalekan

April 19, 2023

ExxonMobil’s Force Majeure On Oil Lifting In Nigeria, Threatens Output, Revenue

Business·Oil & Gas

ExxonMobil Force Majeure On Nigeria Oil Lifting Threatens Output, Revenue

In-house workers’ union strike action has forced Exxon Mobil to declare force majeure on loadings from different oil terminals in Nigeria. According to a report in Reuters, the company made this known

Victor Ezeja

April 18, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Dollar Falls To Naira, Forex Supply Drops Significantly

The Naira fought back against the Dollar on Monday, 17 April 2023, gaining 0.37 per cent in value, as the cost of the United States currency dropped by ₦1.75 kobo in the

Fakoyejo Olalekan

April 18, 2023

Business·Oil & Gas

Gabon’s Oil And Gas Industry: Exploring Opportunities In Mature Fields

Even among oil-rich nations, the extent to which hydrocarbons has fueled the Gabon’s oil economy throughout its independent history is exceptional. Since production started in the 1950s, the majority of the country’s

Admin

April 17, 2023

Finance & Economy·Oil & Gas

$800m Petrol Subsidy Removal Palliative Another ‘White Elephant Project’ – Analysts

Highlights Analysts believe that the borrowing of $800 million loan from World Bank for subsidy palliative was done without proper asse issues on ground and would not be properly disbursed to reach

Victor Ezeja and Fakoyejo Olalekan

April 17, 2023

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

Business·Currency

Naira to Dollar Rate Today: Dollar Rate Rises In CBN-Backed Forex Market

The foreign exchange (Forex) rate in the official market settled at ₦464 per Dollar on Friday, 14 April 2023, as the United States currency increased in value. Prime Business Africa learnt from

Fakoyejo Olalekan

April 17, 2023

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Finance & Economy - Page 169

Official Market’s Foreign Exchange Dealers Reduce Dollar Rate

7 High-paying Professions In Nigeria

Black Market Dollar Rate Now N291.75kobo Above Official Market, Pound Hits N950

Cash In Circulation Up By N701.4 billion, Emefiele’s CBN Loses Control Again

Oil Theft: Shell Discovers 460 Illegal Connections To Its Trans Niger Pipeline

ExxonMobil Force Majeure On Nigeria Oil Lifting Threatens Output, Revenue

Dollar Falls To Naira, Forex Supply Drops Significantly

Gabon’s Oil And Gas Industry: Exploring Opportunities In Mature Fields

$800m Petrol Subsidy Removal Palliative Another ‘White Elephant Project’ – Analysts

Naira to Dollar Rate Today: Dollar Rate Rises In CBN-Backed Forex Market

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