Finance & Economy - Page 64

NNPCL, TotalEnergies Celebrate As Production Begins On Akpo West Oil Field

NNPCL and TotalEnergies have announced the successful commencement of oil production from the Akpo West Field located 135 kilometres off the coast on Petroleum Mining Licence (PML) 2.

Victor Ezeja

10 months ago

#Nigeria@64: Naira-for-Crude Deal Kicks Off TuesdayAs Nigeria Set To Save Over $7bn

Business·Oil & Gas

How Delay Of Govt Approval Hinders Dangote Refinery Fuel Release

The much-anticipated release of aviation fuel (Jet A1) and diesel from the Dangote Petrochemical Refinery into the Nigerian market has hit a regulatory snag, delaying the commencement of sales.

Emmanuel Ochayi

10 months ago

Saudi Arabia Issues Warning Of $50 Oil Price If OPEC+ Nations Fail To Comply

Business·Oil & Gas

Why Global Oil Market Needs $14trn Investment – OPEC

In a paradigm-shifting address at India Energy Week, OPEC’s Secretary General Haitham al-Ghais illuminated the pressing need for $14 trillion investment in the global oil market over the next two decades. His

Victor Ezeja

10 months ago

Naira Drops To N1606 Per Dollar, Lowest In 3 Weeks At Official Market

Business·Currency

Naira Dips To N1,433 At Official Market Amid Surge In Forex Transactions

The Naira value slightly dropped in the official window despite surge in foreign exchange transactions, soaring to $584 million as data from the Nigerian Autonomous Foreign Exchange Market (FMDQ) revealed. This surge

Emmanuel Ochayi

10 months ago

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

Business·Currency·Finance & Economy·Latest News

Foreign Education, Medical Tourism Worsen FX Crisis, Costing Nearly $40bn – Cardoso Laments

Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), said foreign education and medical tourism on have contributed significantly in Nigeria’s foreign exchange (FX) crisis. Cardoso made the revelation when

Victor Ezeja

10 months ago

Vessels Discharge Hitches Causing Fuel Scarcity – NNPC

Business·Latest News·Oil & Gas

Fuel Scarcity: NNPCL Explains Lagos Fuel Queues As “Brief Distribution Issue”

Long queues at filling stations in Lagos State have sparked concerns among residents, leading to speculation about a potential fuel scarcity. However, the Nigerian National Petroleum Company Limited (NNPCL) has moved to

Emmanuel Ochayi

10 months ago

Business·Currency

Naira Weakens At Parallel Market, Appreciates To N1,419/$1 At Official Window

Nigerian Naira on Monday showed resilience at the official forex window, appreciating by 1.09% to close at N1,419.86/$.

Emmanuel Ochayi

10 months ago

Oil & Gas·World News

U.S. Shale Oil Boom Faces Uncertain Future As Global Dynamics Shift

In the aftermath of the Red Sea crisis and Saudi Arabia halting oil production expansion, questions arise about the sustainability of the U.S. shale oil boom. Last year’s unexpected production surge, fueled

Emmanuel Ochayi

10 months ago

Business·Currency

NAFEM: How Dollar Supply Rose By 180% As Banks Sell $440m

The official foreign exchange market witnessed a staggering 180.59% increase in dollar supply, soaring to $440.13 million on Friday. The naira’s closing rate at N1435.53/$ marked the end of a tumultuous week,

Emmanuel Ochayi

10 months ago

NNPCL Unveils 36 Oil Block Concessions With Global, Local Partners

The Nigerian National Petroleum Company Limited (NNPCL) has disclosed the concession of 36 oil blocks to international and indigenous oil companies. According to the NNPCL’s latest financial statements, these concessions span deepwater,

Emmanuel Ochayi

10 months ago

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Finance & Economy - Page 64

NNPCL, TotalEnergies Celebrate As Production Begins On Akpo West Oil Field

How Delay Of Govt Approval Hinders Dangote Refinery Fuel Release

Why Global Oil Market Needs $14trn Investment – OPEC

Naira Dips To N1,433 At Official Market Amid Surge In Forex Transactions

Foreign Education, Medical Tourism Worsen FX Crisis, Costing Nearly $40bn – Cardoso Laments

Fuel Scarcity: NNPCL Explains Lagos Fuel Queues As “Brief Distribution Issue”

Naira Weakens At Parallel Market, Appreciates To N1,419/$1 At Official Window

U.S. Shale Oil Boom Faces Uncertain Future As Global Dynamics Shift

NAFEM: How Dollar Supply Rose By 180% As Banks Sell $440m

NNPCL Unveils 36 Oil Block Concessions With Global, Local Partners

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