Finance & Economy - Page 194

Naira Records First Major Depreciation At Official Market In 2025

Dollar Rate Rises Again As CBN Speaks On Cash Withdrawal Limits

The naira continued its free fall on November 8 in the official market of the Investors & Exporters window after the dollar appreciated by 0.03 per cent. According to FMDQ’s exchange rate

Fakoyejo Olalekan

December 9, 2022

Business·Oil & Gas

Spain Tops United States On List Of Nigeria’s 10 Biggest Crude Oil Buyers

In the third quarter of 2022, Spain was the biggest buyer of Nigerian crude oil, with India, France, Netherlands, Indonesia and the United States completing the top five. According to the foreign

Fakoyejo Olalekan

December 9, 2022

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

Business·Oil & Gas

DSS Issues Warning To NNPC, Oil Marketers, Demands End To Fuel Scarcity In 48 Hours

Nigerian National Petroleum Corporation (NNPC) Limited and oil marketers have been given two days to end the current fuel scarcity across the country. The Department of State Services (DSS) had issued the

Fakoyejo Olalekan

December 9, 2022

Finance & Economy

Afrinvest Experts Highlight Investment Outlook, Opportunity For 2023

A wealth advisory firm, Afrinvest West Africa, has outlined the investment outlook for 2023 and how investors can explore the opportunities and guide against threats expected in the new year. Speaking during

Victor Ezeja

December 8, 2022

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

Business·Currency

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

December 8, 2022

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

December 8, 2022

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

December 8, 2022

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

December 7, 2022

Naira Appreciates Against Dollar At Official, Black Market

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

December 2, 2022

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

December 1, 2022

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Finance & Economy - Page 194

Dollar Rate Rises Again As CBN Speaks On Cash Withdrawal Limits

Spain Tops United States On List Of Nigeria’s 10 Biggest Crude Oil Buyers

DSS Issues Warning To NNPC, Oil Marketers, Demands End To Fuel Scarcity In 48 Hours

Afrinvest Experts Highlight Investment Outlook, Opportunity For 2023

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

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BREAKING: APC Scribe Omisore Steps Down For Fuanter, Kyari Now Acting Chairman

UPDATE: Governor Hope Uzodinma Accepts APC Chairman Adamu’s Resignation

Nigeria’s Public Debt Hits ₦42.25trn, DMO Insists Figure Within Threshold

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