Finance & Economy - Page 175

NNPC Has Not Added N20,000 To Federation Account This Year – El-Rufai Says

The Nigerian National Petroleum Company, NNPC, Limited has not remitted even N20,000 to the federal account this year according to the Kaduna State Governor, Nasir El-Rufai. El-Rufai revealed this on Thursday, stating

Fakoyejo Olalekan

2 years ago

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Black Market Naira Gains As BDC Operators Drop Dollar

October 11, 2022 Dollar Rates Update: The Bureau De Change operators reduced their asking price for dollar sales on Tuesday, with the naira gaining against the United States currency in the black

Fakoyejo Olalekan

2 years ago

Blockchain: Central Bank System In Its Last Days, Nigerian VP Warns Emefiele-led CBN

Business·Finance & Economy·Latest News

Blockchain: Central Banking Ends Soon, Nigerian VP Warns Emefiele-led CBN

The Vice President, Yemi Osinbajo, says the central banking systems is in its last days due to blockchain technology. He said Central Bank of Nigeria (CBN) must adopt it to survive. Osinbajo

Fakoyejo Olalekan

2 years ago

Business·Oil & Gas

Ex-militant, Tompolo, Makes New Revelation About Illegal Crude Oil Sites In Nigeria

Ex-militant, Government Ekpemupolo, also known as Tompolo, revealed that in the Nigeria Delta region, there are 58 illegal crude oil tapping sites. Tompola’s revelation comes after the Nigerian National Petroleum Corporation (NNPC) Limited

Fakoyejo Olalekan

2 years ago

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

Finance & Economy

CBN Intervention Cannot Save The Naira Without A Production-based Economy

How can the Central Bank's intervention save the Naira without more? Currency value is not determined mechanically by mere fire brigade or whimsical physical intervention by regulatory authorities

Godwin Onuoha

2 years ago

Business·Insights·Oil & Gas

Nigeria’s Oil Revenue To Lose N1.24 trillion, Amid Drop In Crude Production

Nigeria’s oil revenue will fall next year according to the projection made by President Muhammadu Buhari on Thursday during the presentation of 2023 budget to the National Assembly. Prime Business Africa had

Fakoyejo Olalekan

2 years ago

Business·Oil & Gas·World News

Joe Biden’s Gov’t Criticises Nigeria, Other OPEC+ Members, As They Clash Over Oil Price

Nigeria, and other members of the Organisation of the Petroleum Exporting Countries Plus (OPEC+) have been slammed by the United States government over cut in production level. The United States government said

Fakoyejo Olalekan

2 years ago

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

Business·Currency

Dollar To Naira Exchange Rate: Again, CBN’s Intervention Fails To Save Naira Against Dollar

The United States dollar depreciated in value against the naira on Thursday, after the Bureau De Change (BDC) operator cut the cost of buying $1 in the black market by -0.27 per

Fakoyejo Olalekan

2 years ago

NNPCL Denies Inflating Fuel Subsidy Payments

Business·Oil & Gas

NNPC Reveals Why Nigeria Loses $150 million Every Day, Defends Low Earnings

Over $150 million is lost daily by the country according to the Chief Financial Officer (CFO) of the Nigerian National Petroleum Corporation (NNPC) Limited, Umar Ajiya. Pipeline vandalism and sideline production have

Fakoyejo Olalekan

2 years ago

Business·Currency

Dollar To Naira Exchange Rate: Dollar Rises By N165, As Naira Suffers

August 5, 2022 Dollar Rates Update: The naira and dollar exchange rate depreciated in favour of the Nigerian currency on Wednesday at the black market. The traders in the parallel market dropped

Fakoyejo Olalekan

2 years ago

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Finance & Economy - Page 175

NNPC Has Not Added N20,000 To Federation Account This Year – El-Rufai Says

Black Market Naira Gains As BDC Operators Drop Dollar

Blockchain: Central Banking Ends Soon, Nigerian VP Warns Emefiele-led CBN

Ex-militant, Tompolo, Makes New Revelation About Illegal Crude Oil Sites In Nigeria

CBN Intervention Cannot Save The Naira Without A Production-based Economy

Nigeria’s Oil Revenue To Lose N1.24 trillion, Amid Drop In Crude Production

Joe Biden’s Gov’t Criticises Nigeria, Other OPEC+ Members, As They Clash Over Oil Price

Dollar To Naira Exchange Rate: Again, CBN’s Intervention Fails To Save Naira Against Dollar

NNPC Reveals Why Nigeria Loses $150 million Every Day, Defends Low Earnings

Dollar To Naira Exchange Rate: Dollar Rises By N165, As Naira Suffers

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