Finance & Economy - Page 53

CBN’s FX Market Intervention Falls Short As Naira Struggles To Gain Ground

Naira Ends Week With 9% Depreciation, Exchanges N1,169/$1 At Official Market

The Nigerian currency, the Naira, ended the week with a 9.1 per cent depreciation at the official segment of the foreign exchange market.

Victor Ezeja

7 months ago

Business·Latest News·Oil & Gas·World News

Global Crude Oil Production Dips By 1.2 Mbpd In February: Saudi Arabia, Iraq Declines As U.S. Sees Increase

According to data released by the Joint Organisations Data Initiative (JODI), global crude oil production took a dip by 1.2 million barrels per day (bpd) in February compared to the same period

Emmanuel Ochayi

7 months ago

CPPE Highlights Why Nigerian Govt Should Review Customs FX Rate For Cargo Clearance

Business·Finance & Economy

Customs Exchange Rate For Import Duties Down By 23.8% In 1 Month

The foreign exchange (FX) rate for calculating import duties by the Nigeria Customs Service (NCS) has dropped by 23.8 per cent in one month.

Victor Ezeja

7 months ago

FEATURES·Finance & Economy

More Economic Burdens For Nigerians As Prices Remain High Despite Naira Appreciation

The recent appreciation of the naira had given a ray of hope to many Nigerians of possible drop in prices of commodities in the market, especially those ones that affect their daily

Victor Ezeja

7 months ago

Finance & Economy

Why NCAA Suspended 3 Private Jet Operators

Nigeria's food inflation has continued to soar, reaching 40.01 per cent in March 2024 on a year-on-year basis. This was 15.56 per cent points higher when compared to the rate recorded in

Victor Ezeja

7 months ago

OPEC Envisions Medium-Term Emergence Of Modular Refineries In Nigeria

Business·Latest News·Oil & Gas

Dangote, Modular Refineries To Pay Naira For Crude Oil- Nigerian Govt

The Nigerian government has greenlit domestic crude oil transactions to be conducted in naira or dollars, addressing long-standing concerns of indigenous refineries and operators. The declaration, announced by the Nigerian Upstream Petroleum

Emmanuel Ochayi

7 months ago

Business·Oil & Gas

Expert Calls For Maximum Utilisation Of All Oil Wells As Production Declines Further

Wumi Iledare, has called on authorities in Nigeria's oil and gas sector to come up with drastic measures to ramp up crude oil production which is the major revenue earner for the

Victor Ezeja

7 months ago

Business·Latest News·Markets·Oil & Gas

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

Nigeria, Africa’s largest oil producer, faced a significant revenue setback as a consequence of consecutive declines in crude oil production. The country lost about N720 billion due to a slump in production

Emmanuel Ochayi

7 months ago

Business·Latest News·Oil & Gas

Nigerian Military Cracks Down On Oil Theft, Seizes 700,000 Stolen Liters Of Crude

The Nigerian military has intensified efforts to tackle the rampant issue of oil theft in the Niger Delta region, with a recent operation resulting in the recovery of approximately 700,000 liters of

Emmanuel Ochayi

7 months ago

Business·Finance & Economy·Latest News

FCCPC Urges Nigerians To Report Unfair Trade Practices Amid Rising Prices Despite Falling Dollar Rates

The Federal Competition and Consumer Protection Commission (FCCPC) is calling on Nigerians to report instances of unfair trade practices amidst growing concerns over escalating prices. In a tweet, the commission emphasized its

Emmanuel Ochayi

7 months ago

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Finance & Economy - Page 53

Naira Ends Week With 9% Depreciation, Exchanges N1,169/$1 At Official Market

Global Crude Oil Production Dips By 1.2 Mbpd In February: Saudi Arabia, Iraq Declines As U.S. Sees Increase

Customs Exchange Rate For Import Duties Down By 23.8% In 1 Month

More Economic Burdens For Nigerians As Prices Remain High Despite Naira Appreciation

Why NCAA Suspended 3 Private Jet Operators

Dangote, Modular Refineries To Pay Naira For Crude Oil- Nigerian Govt

Expert Calls For Maximum Utilisation Of All Oil Wells As Production Declines Further

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

Nigerian Military Cracks Down On Oil Theft, Seizes 700,000 Stolen Liters Of Crude

FCCPC Urges Nigerians To Report Unfair Trade Practices Amid Rising Prices Despite Falling Dollar Rates

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