Finance & Economy - Page 178

Moghalu, British Gov’t Support Tinubu’s Fuel Subsidy Removal, Forex Reforms

Mixed Fortunes For Forex Markets: How Tinubu’s Win Will Affect Dollar Rate

The United States Dollar (USD) gained against the Naira in the black market on Thursday, 2 March 2023, as the exchange rate appreciated by 1.05 per cent. During trading in the Bureau

Fakoyejo Olalekan

March 2, 2023

Jigawa Residents Spend More On Petrol As Price Rises By 223.21% To N770

Business·Oil & Gas

Oil Marketers To Sanction Petrol Stations Selling At N220 Per Litre

The President of the Petroleum Retail Outlet Owners Association of Nigeria (PETROAN), Billy Gillis-Harry, has revealed that the group will sanction retailers for fixing exorbitant prices to their Premium Motor Spirit (PMS),

Fakoyejo Olalekan

March 2, 2023

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

Business·Oil & Gas

Fuel Distribution Suspended In Nigeria Over Election Fears

The Secretary, Independent Petroleum Marketers Association of Nigeria (IPMAN), Abuja-Suleja region, Mohammed Shuaibu, has said the general election is affecting fuel distribution. Shuaibu said oil marketers are not moving Premium Motor Spirit

Fakoyejo Olalekan

March 1, 2023

19 Bank Workers Sacked, As Nigerian Banks Lose N1.17 billion To Fraud

Business·Currency·News

Nigerian Banks Under Liquidity Stress – Moody’s

Moody’s Investors Service has provided an in-depth analysis of how foreign currency shortages mount serious pressure on Nigerian banks. Its report in February reveals that Nigerian banks’ liquidity are under serious pressure

Uduegbunam Chukwujama

February 28, 2023

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Cost Of Dollar Falls In Black Market, Investors Trade More USD

The value of the United States Dollar (USD) dropped in the black market on Monday, 27 February 2023, as the Naira appreciates by 0.26 per cent. It was gathered that the cost

Fakoyejo Olalekan

February 27, 2023

Nigeria's September Oil Production Hits 1.5 Million Barrels, Bolsters OPEC Output

Business·Oil & Gas

Nigerian Oil Firm, Eroton, Accuses Sahara Of Using Unknown Gunmen To Takeover Oilfield

Oil firm, Eroton Exploration and Production Company, said the Joint Venture (JV) partner in Oil Mining Licence (OML) 18 oilfield in Niger Delta, Sahara, used unknown armed men to displace some of

Fakoyejo Olalekan

February 27, 2023

Business·Currency·Opinion

Time To Reintroduce Coins

Who remembers the last time he or she held, had and used the coin as a means of exchange in Nigeria? It is a very interesting and serious question. How many of

Ifeanyi Ibe

February 26, 2023

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

Business·Currency

Naira Gains Against Dollar Amid N900 Exchange Rate Projection

The exchange rate between the Dollar and the Naira depreciated by –0.05 per cent on Thursday, 23 February 2023, the FMDQ Securities disclosed. According to data obtained from FMDQ, which monitors the

Fakoyejo Olalekan

February 24, 2023

Business·Oil & Gas

Cooking Gas Price In Nigeria Rose By 38.63%, New NBS Report Reveals

The price of 12.5kg cooking gas jumped by 38.63 per cent year-on-year, rising to N10,277.17 in January 2023, from N7,413.25 recorded the same month last year. On a month-on-month basis, the retail

Fakoyejo Olalekan

February 24, 2023

Business·Currency·Top Stories

CBN Thinks eNaira For $800m Cash Transfer Scheme In 2023

The Central Bank of Nigeria (CBN) has proposed that the 2023 cash transfer scheme under the National Safety Net Programme Scale Up should deploy the eNaira as vehicle. This will further entrench

Uduegbunam Chukwujama

February 24, 2023

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Finance & Economy - Page 178

Mixed Fortunes For Forex Markets: How Tinubu’s Win Will Affect Dollar Rate

Oil Marketers To Sanction Petrol Stations Selling At N220 Per Litre

Fuel Distribution Suspended In Nigeria Over Election Fears

Nigerian Banks Under Liquidity Stress – Moody’s

Cost Of Dollar Falls In Black Market, Investors Trade More USD

Nigerian Oil Firm, Eroton, Accuses Sahara Of Using Unknown Gunmen To Takeover Oilfield

Time To Reintroduce Coins

Naira Gains Against Dollar Amid N900 Exchange Rate Projection

Cooking Gas Price In Nigeria Rose By 38.63%, New NBS Report Reveals

CBN Thinks eNaira For $800m Cash Transfer Scheme In 2023

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