Finance & Economy - Page 54

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 24th October 2024

Naira Ends Week Positively, Inches Closer To Below ₦1,000/$1 Exchange Rate

Nigeria’s local currency, the naira, has continued to sustain its appreciation, ending the week on a positive note as it marches closer to below ₦1,000 mark in both parallel and official windows

Victor Ezeja

8 months ago

Business·Latest News·Oil & Gas

Oil Theft, Vandalism Plague Nigeria’s Oil Production, OPEC Reports Decline To 1.23mbpd

Nigeria’s oil production saw a decline for the second consecutive month, hitting 1.231 million barrels per day in March, according to the latest report from the Organisation of Petroleum Exporting Countries (OPEC).

Emmanuel Ochayi

8 months ago

List Of 7 African Presidents To Join Aliko Dangote To Commission World’s Largest Refinery Today

Business·Latest News·Oil & Gas

Oil Marketers Call For Reduction In Dangote Diesel Price To N850/Litre

Oil marketers in Nigeria are pushing for a price cut in diesel produced by the Dangote Petroleum Refinery, urging a reduction to between N700 and N850 per litre. They argue that the

Emmanuel Ochayi

8 months ago

Nigeria's Inflation Rate Hits 33.88% In October Amid Fresh Fuel Price Spike

Finance & Economy

Report Predicts Nigeria’s Headline Inflation To Hit 32% In March As Petrol Subsidy Removal Impact Lingers

A report by a Lagos-based firm, Financial Derivative Company (FDC), has projected that Nigeria’s inflation rate is expected to hit 32.4 per cent in March 2024, becoming the highest in almost three

Victor Ezeja

8 months ago

Naira Strengthens To N1,576 As Dollar Supply Rises

Business·Currency

Economic Expert Highlights Implications Of CBN’s Forex Sales To BDCs

A financial analyst and educator, Kalu Ajah, has highlighted the implications of forex sales to Bureau de Change (BDC) operators by the Central Bank of Nigeria (CBN) at a lower rate.

Victor Ezeja

8 months ago

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

Business·Currency·Finance & Economy·Latest News

Why CBN Banned Use Of Foreign Currency Collaterals For Naira Loans

The Central Bank of Nigeria (CBN) has tightened regulations surrounding loan collaterals, specifically targeting the use of foreign currencies.

Emmanuel Ochayi

8 months ago

NNPC: Petrol Import To Stop As Port Harcourt Refinery Begins Operations Soon

Business·Latest News·Oil & Gas

NNPCL Slow To Settle $3bn Debt To Oil Traders, Cites Rising Global Prices, Refinery Progress

The Nigerian National Petroleum Company Limited (NNPCL) is facing scrutiny over its sluggish repayment of $3 billion debt owed to oil traders for imported petrol. Despite making progress in clearing the overdue

Emmanuel Ochayi

8 months ago

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

Business·Currency

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

In its relentless push to stabilise naira in the foreign exchange market, the Central Bank of Nigeria (CBN), has announced another round of sales of FX to eligible Bureau de Change (BDCs)

Victor Ezeja

8 months ago

Business·Finance & Economy·Latest News

CBN Explains $950m Drop In External Reserves In 17 Days

Nigeria’s Central Bank, CBN, shed light on the drop of $950 million in the nation’s external reserves over 17 days, marking a notable economic shift in the country. According to recent data

Emmanuel Ochayi

8 months ago

Oil Prices Surge Amid Middle East Conflict Fears, Brent Crude Nears $80 Per Barrel

Latest News·Markets·Oil & Gas·World News

Iran-Israeli Crisis: Crude Oil Prices Surged Beyond $90 Per Barrel

Crude oil prices have surged beyond $90 a barrel, riding on the wave of escalating global tensions. Analysts attribute the spike to apprehensions surrounding potential supply disruptions, primarily fueled by the ongoing

Emmanuel Ochayi

8 months ago

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Finance & Economy - Page 54

Naira Ends Week Positively, Inches Closer To Below ₦1,000/$1 Exchange Rate

Oil Theft, Vandalism Plague Nigeria’s Oil Production, OPEC Reports Decline To 1.23mbpd

Oil Marketers Call For Reduction In Dangote Diesel Price To N850/Litre

Report Predicts Nigeria’s Headline Inflation To Hit 32% In March As Petrol Subsidy Removal Impact Lingers

Economic Expert Highlights Implications Of CBN’s Forex Sales To BDCs

Why CBN Banned Use Of Foreign Currency Collaterals For Naira Loans

NNPCL Slow To Settle $3bn Debt To Oil Traders, Cites Rising Global Prices, Refinery Progress

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

CBN Explains $950m Drop In External Reserves In 17 Days

Iran-Israeli Crisis: Crude Oil Prices Surged Beyond $90 Per Barrel

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