Finance & Economy - Page 61

Nigeria’s Capital Importation: Banking Sector Records Highest Inflow In Q1 2024

Nigeria’s Banking Sector recorded the highest inflow with $2.06 billion, representing 61.24% of total capital imported in the first quarter (Q1) of 2024. According to a report on capital importation in the

Victor Ezeja

8 months ago

Latest Petrol Price Hike Ill-timed - CPPE

Business·Finance & Economy

Pharmaceuticals Tax Waivers: We Need Same In Other Sectors – CPPE

The Centre for the Promotion of Private Enterprise (CPPE), has commended President Bola Tinubu’s government for the recent Executive Order waiving taxes such as import duties, VAT, and excise duties on pharmaceutical

Victor Ezeja

8 months ago

Nigeria's Diaspora Remittances Decline by %

Business·Diaspora·Finance & Economy·News

Nigeria’s 2023 Diaspora Remittances Decline By 2.9%, Remains Highest In Sub-Saharan Africa

Diaspora remittances to Nigeria declined by 2.9 per cent from $20.1 billion in 2022 to $19.5 billion in 2023. According to a World Bank report, Nigeria captured approximately 35 per cent, becoming

Victor Ezeja

8 months ago

Dangote Refinery: Of Hopes, Drools And Jokes

Oil & Gas·Opinion

Dangote And The Fairy Tale Of Fuel Refining: Will The Odds Permit?

News of an unexplained fire incident at a portion of the Dangote Refinery on 26th June was a sad commentary to an already stressed company. Yet, it only supported fears that the

MARCEL MBAMALU

8 months ago

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

Finance & Economy·Opinion

CBN: Strengthening Banks And The Financial System

The banks’ recapitalisation policy scheduled for March 2026, by the Central Bank of Nigeria (CBN), is a proactive and commendable policy that aims at enhancing the solidity of banks in driving the

Arize Nwobu

8 months ago

Forex Crisis: CBN Sells $122.67m To 46 Authorised BDC Operators

Business·Currency·News

CBN Revises Guidelines For Foreign Currency Deposits

The Central Bank of Nigeria (CBN) has released new guidelines for the deposit of foreign currency notes by Deposit Money Banks (DMBs). In a circular dated 27 June 2024 signed by CBN’s

Victor Ezeja

8 months ago

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

Business·Finance & Economy

Nigeria’s External Reserves Rises To $34bn, Highest Since March

Nigeria’s external reserves has surged to $34.07 billion in June. This was revealed in the latest forex reserves data published by the Central Bank of Nigeria (CBN) on its official website. The

Victor Ezeja

8 months ago

NNPC Seeks New $2 Billion Oil-Backed Loan To Boost Finances

Business·News·Oil & Gas

NNPC Leads Nigeria’s $4.15bn Gas Infrastructure Expansion To Boost Economy

Federal Government Announces $4.15bn Gas Projects Nigeria is on its way to becoming a leading gas-powered economy, thanks to three gas projects worth $4.15 billion. The Federal Government made this announcement on

Emmanuel Ochayi

9 months ago

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

Business·Oil & Gas

Stakeholder Collaboration Key To Boosting Oil Production In Nigeria – NUPRC Boss

Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, has underscored the need for collaboration among stakeholders in Nigeria’s oil and gas industry value chain, saying it is

Victor Ezeja

9 months ago

NNPC Uncovers 221 Cases Of Oil Theft In Niger Delta

Business·News·Oil & Gas

NNPC Uncovers 165 Illegal Refineries In 1 Week

NNPC Uncovers 165 Illegal Refineries The Nigerian National Petroleum Company Limited (NNPC) announced that it has uncovered 165 illegal refineries in various locations across the Niger Delta within the past week. This

Emmanuel Ochayi

9 months ago

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Finance & Economy - Page 61

Nigeria’s Capital Importation: Banking Sector Records Highest Inflow In Q1 2024

Pharmaceuticals Tax Waivers: We Need Same In Other Sectors – CPPE

Nigeria’s 2023 Diaspora Remittances Decline By 2.9%, Remains Highest In Sub-Saharan Africa

Dangote And The Fairy Tale Of Fuel Refining: Will The Odds Permit?

CBN: Strengthening Banks And The Financial System

CBN Revises Guidelines For Foreign Currency Deposits

Nigeria’s External Reserves Rises To $34bn, Highest Since March

NNPC Leads Nigeria’s $4.15bn Gas Infrastructure Expansion To Boost Economy

Stakeholder Collaboration Key To Boosting Oil Production In Nigeria – NUPRC Boss

NNPC Uncovers 165 Illegal Refineries In 1 Week

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