Finance & Economy - Page 187

Aliko Dangote Spent $18.5 billion To Build Refinery, Owes $2.7 billion Debt

Dangote Refinery Gets New Operational Date After 5 Years Postponement

Africa’s richest man, Aliko Dangote, will have his Dangote Oil Refinery commissioned on January 24, 2023, after operation on the refinery was postponed for six years. The refinery was initially scheduled to

Fakoyejo Olalekan

January 13, 2023

Naira Appreciates Against Dollar At Official, Black Market

Business·Currency

Dollar Rate Falls In Official Market, Oil Marketer Blames Forex For Fuel Scarcity

The naira rose in value in the Investors’ and Exporters’ window of the official market on Thursday, January 12, 2023, as the dollar fell by -0.16 per cent in value. At the

Fakoyejo Olalekan

January 13, 2023

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

Business·Currency

Black Market Operators Offer To Buy Dollar Above CBN’s Official Market Rate

The Bureau De Change operators retained the exchange rate between the naira and the dollar in the black market at N288 above that of the official market. According to some Bureau De

Fakoyejo Olalekan

January 12, 2023

Breaking: NNPC Increases Fuel Price, Filling Stations Now Selling At N500

Business·Oil & Gas

Oil Marketers Reveal Exchange Rate, Three Other Factors Causing Fuel Scarcity

The National Public Relations Officer of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Ukadike Chinedu, has blamed the exchange rate as one of the factors causing the scarcity of Premium Motor

Fakoyejo Olalekan

January 12, 2023

Seplat Energy, Total Lead List Of Highest Paying Companies In Nigeria

Business·Finance & Economy·News

10 Clever Ways To Make Money In 2023

The new year 2023 is one that could pose so many challenges for businesses in Nigeria evidently due to the upcoming general elections. Business projections have been a mixed grill of gloom

Izuchukwu Okosi

January 12, 2023

Nigeria's Gas Industry In Crisis As Drilling Costs Skyrocket To $30m, Operators Warn

Oil & Gas

Nigerian Govt Lists 139 Firms To Commercialise Flared Gas

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has shortlisted 139 oil and gas firms for its gas flaring commercialisation programme. The programme is aimed at both reducing carbon emissions and ensuring effective

Victor Ezeja

January 11, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Forex Supply Falls In Official Market, As Dollar Trades At N461.67, Pound Rises

The supply of foreign exchange (forex) fell by 40.3 per cent in the official market on Monday, as the exchange rate stabilises in the window backed by the Central Bank of Nigeria

Fakoyejo Olalekan

January 10, 2023

Business·Oil & Gas

NNPC Sells Fuel At Loss, Performing Magic – Oil Minister Sylva

The Minister of State for Petroleum Resources, Timipre Sylva, has disclosed that the Nigerian National Petroleum Company (NNPC) Limited sells petrol at a loss. Sylva’s claim follows nationwide criticism of President Muhammadu

Fakoyejo Olalekan

January 10, 2023

Currency·Finance & Economy

Naira Reissue Has No Monetary Policy Significance, Old Notes Deadline Unrealistic – Expert

The redesign of the New Naira Notes by the Central Bank of Nigeria (CBN) has continued to generate mixed reactions among economic experts. Chief Executive Officer, Centre for Promotion of Private Enterprise

Victor Ezeja

January 9, 2023

Business·Currency

BDC Operators Fix Dollar Rate Below N800, Set N900 For Pound

The exchange rate between the naira and the dollar settled below N800 on Monday in the Bureau De Change window of the black market. According to some Bureau De Change operators that

Fakoyejo Olalekan

January 9, 2023

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Finance & Economy - Page 187

Dangote Refinery Gets New Operational Date After 5 Years Postponement

Dollar Rate Falls In Official Market, Oil Marketer Blames Forex For Fuel Scarcity

Black Market Operators Offer To Buy Dollar Above CBN’s Official Market Rate

Oil Marketers Reveal Exchange Rate, Three Other Factors Causing Fuel Scarcity

10 Clever Ways To Make Money In 2023

Nigerian Govt Lists 139 Firms To Commercialise Flared Gas

Forex Supply Falls In Official Market, As Dollar Trades At N461.67, Pound Rises

NNPC Sells Fuel At Loss, Performing Magic – Oil Minister Sylva

Naira Reissue Has No Monetary Policy Significance, Old Notes Deadline Unrealistic – Expert

BDC Operators Fix Dollar Rate Below N800, Set N900 For Pound

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