Finance & Economy - Page 47

Minister Wades Into Dangote, NMDPRA Boss Fuel Dispute

Nigeria’s Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, has intervened in the dispute between Dangote Refinery’s management and some key stakeholders in the oil and gas sector which has affected

Victor Ezeja

6 months ago

Nigerian Govt Spends More On Debt Servicing Than Capital Expenditure, Personnel Costs, In Q1 2024

Finance & Economy·Latest News

Nigeria Spends More On Debt Servicing Than Capital Expenditure, Personnel Costs In Q1

The Federal Government spent more on debt servicing than on capital expenditures and personnel costs in the first quarter (Q1) of 2024. This means approximately 74 per cent of the Federal Government’s

Victor Ezeja

6 months ago

71.4% Of Nigerians Call For Interest Rate Reduction – CBN Survey

Business·Finance & Economy·Latest News

‘Why CBN Should Not Raise Interest Rate’ As MPC Meets

The Central Bank of Nigeria (CBN) has been advised to suspend further hike of the benchmark interest rate because of the impact on the economy. This comes as the CBN Monetary Policy

Victor Ezeja

6 months ago

Dangote Refinery: Fueling Nigeria's Economic Resurgence or Monopoly Menace?

Oil & Gas·Opinion

Dangote Refinery: From Production Delays To Threat Of Sale

This looks like a choreography of controversy! Despite being conceived in 2013, when it was billed to cost $9 billion, Dangote Refinery construction did not start until 2017. The initial target for

MARCEL MBAMALU

6 months ago

Naira Opens New Year With Stable Performance Across FX Markets

Business·Currency·Latest News·Markets

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 22nd July 2024

What is the Dollar to Naira Exchange rate at the black market, especially Aboki dollar to naira today? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN) in the

Victor Ezeja

6 months ago

Business·Latest News·Oil & Gas

Dangote Counters NMDPRA’s Inferior Diesel Allegations, Invites Regulators To Test Refinery’s Products

Chief Executive Officer (CEO) of Dangote Refinery, Aliko Dangote, has refuted allegations by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) that the refinery is producing inferior quality diesel. Dangote, who

Victor Ezeja

6 months ago

Business·Latest News·Oil & Gas

Nigerian Troops Recover Over 700,000 Stolen Crude Oil In Major Operation

Troops Seize Over 700,000 Litres of Crude Oil In a significant crackdown on oil theft, Nigerian troops have recovered 715,325 litres of stolen crude oil and 148,415 litres of illegally refined diesel

Emmanuel Ochayi

6 months ago

Petrol Landing Cost Price Now At N1,117/litre, MEMAN Reveals

Business·Latest News·Oil & Gas

Petrol Landing Cost Now N1,117/litre, MEMAN Reveals

MEMAN Unveils Real Cost of Petrol The Major Energies Marketers Association of Nigeria (MEMAN) announced on Wednesday that the landing cost of Premium Motor Spirit (PMS), commonly known as petrol, stood at

Emmanuel Ochayi

6 months ago

Business·Latest News·Oil & Gas

TotalEnergies Sells Onshore Oil Asset In Nigeria To Chappal Energies For $860m

TotalEnergies has signed a Share Purchase Agreement (SPA) with Mauritius-based energy firm, Chappal Energies, to sell its minority interest in a Nigerian onshore oil joint venture for $860 million. The French energy

Victor Ezeja

6 months ago

Nigeria's Crude Oil Production Decline Costs Country N720bn In Revenue In 2 Months

Business·Latest News·Oil & Gas

Nigeria’s Oil Prices Trades At $90 Amid Global Economic Shifts

Nigeria’s Oil Prices Stay Strong Nigeria’s Brass River, Bonny Light, and Qua Iboe crude oils are trading above $90 per barrel, higher than the current Brent benchmark. Economic downturns influence this in

Emmanuel Ochayi

6 months ago

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Finance & Economy - Page 47

Minister Wades Into Dangote, NMDPRA Boss Fuel Dispute

Nigeria Spends More On Debt Servicing Than Capital Expenditure, Personnel Costs In Q1

‘Why CBN Should Not Raise Interest Rate’ As MPC Meets

Dangote Refinery: From Production Delays To Threat Of Sale

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 22nd July 2024

Dangote Counters NMDPRA’s Inferior Diesel Allegations, Invites Regulators To Test Refinery’s Products

Nigerian Troops Recover Over 700,000 Stolen Crude Oil In Major Operation

Petrol Landing Cost Now N1,117/litre, MEMAN Reveals

TotalEnergies Sells Onshore Oil Asset In Nigeria To Chappal Energies For $860m

Nigeria’s Oil Prices Trades At $90 Amid Global Economic Shifts

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