Finance & Economy - Page 67

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

Dangote Refinery: ‘Catalyst For Naira Value Enhancement, Economic Growth’

In the pursuit of strengthening the value of the Nigerian Naira, financial experts have advocated a strategic increase in crude oil production in conjunction with the anticipated impact of the Dangote Refinery.

Admin

10 months ago

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

Business·Currency

Danger Looms As Naira Depreciates To N1,410/$1 At Black Market Amid High Demand, Economic Challenges

In a turn of events, the Nigerian Naira witnessed a depreciation, hitting a historic low of N1,410 against the US dollar on Thursday. This 3.29% decline, amounting to N45 weaker than the

Emmanuel Ochayi

10 months ago

Nigeria Spends $3bn Monthly On Imports – CBN

Business·Currency

US Dollar Surges As ECB Keeps Mum On Interest Rates

The US Dollar gains strength following the European Central Bank’s decision to keep interest rates unchanged, leaving traders puzzled amid expectations of a possible cut. The market awaits ECB Chairman Christine Lagarde’s

Emmanuel Ochayi

10 months ago

CBN Reveals JP Morgan’s Intention After Report On Nigeria’s Foreign Reserves

Business·Finance & Economy

NNPC, Others Now Remit Dollar Revenue To CBN To Boost Nigeria’s Depleting Foreign Reserves

In a move, the Central Bank of Nigeria (CBN) has announced a collaboration with the Nigeria National Petroleum Corporation Limited (NNPCL) and the Ministry of Finance to channel all dollar revenues directly

Emmanuel Ochayi

10 months ago

Fuel Scarcity Looms In South-East, South-South, Others As IPMAN Threatens To Stop Supply

Business·Oil & Gas

Oil Marketers Seek Tax Relief Amidst Profit Downturn

IPMAN vice president lamented about the dire situation faced by oil marketers, requesting tax relief from the Federal Government to navigate the challenging economic conditions posed by the removal of fuel subsidy.

Victor Ezeja

10 months ago

Why Port Harcourt refinery can’t work this December as promised - Ex-NNPC chief

Business·Oil & Gas

NNPCL Unveils 150 Million Litres Storage Facility, Aviation Arm, As Port Harcourt Refinery Gears Up For Production

NNPCL has announced the completion of a state-of-the-art 150 million litres storage facility at Atlas Cove, ahead of the full-scale operations of the Port Harcourt Refining Company.

Emmanuel Ochayi

10 months ago

Finance & Economy

Why Nigeria’s Economic Growth Will Surge By 3.7% – World Bank

The World Bank's latest report for Nigeria projects a 3.7% surge in its Gross Domestic Product (GDP) for 2025.

Emmanuel Ochayi

10 months ago

Agro-Economy·Business

AFEX Predicts Higher Prices For Maize, Rice In Nigeria 2024

AFEX, a leading commodities market player, has projected an increase in maize and paddy rice prices by 25% and 40%, respectively, within Nigeria this year.

Emmanuel Ochayi

10 months ago

Business·Currency

Bitcoin Price Dynamics Signal Mixed Market Sentiment As Value Fluctuate Hovers Around $40,000

Bitcoin's price journey on Jan. 24, 2024, unfolds as a complex interplay of volatility and recovery.

Emmanuel Ochayi

10 months ago

IPMAN Seeks Dangote Refinery's Partnership For Direct Product Allocation, Eases Concerns Over Petrol Stability

Business·Latest News·Oil & Gas

IPMAN Tackles NNPC Over Alleged Delay In Distribution Of Petroleum Products

Oil marketers, representing the Independent Petroleum Marketers Association of Nigeria (IPMAN), have criticized the Nigerian National Petroleum Company Limited (NNPCL) for what they claim is a delay in the supply of petroleum

Emmanuel Ochayi

10 months ago

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Finance & Economy - Page 67

Dangote Refinery: ‘Catalyst For Naira Value Enhancement, Economic Growth’

Danger Looms As Naira Depreciates To N1,410/$1 At Black Market Amid High Demand, Economic Challenges

US Dollar Surges As ECB Keeps Mum On Interest Rates

NNPC, Others Now Remit Dollar Revenue To CBN To Boost Nigeria’s Depleting Foreign Reserves

Oil Marketers Seek Tax Relief Amidst Profit Downturn

NNPCL Unveils 150 Million Litres Storage Facility, Aviation Arm, As Port Harcourt Refinery Gears Up For Production

Why Nigeria’s Economic Growth Will Surge By 3.7% – World Bank

AFEX Predicts Higher Prices For Maize, Rice In Nigeria 2024

Bitcoin Price Dynamics Signal Mixed Market Sentiment As Value Fluctuate Hovers Around $40,000

IPMAN Tackles NNPC Over Alleged Delay In Distribution Of Petroleum Products

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