Finance & Economy - Page 85

#EndBadGovernance Protests: PDP Criticises Tinubu's Silence, Demands Immediate Response

Tinubu Orders Resolution Of $1.3bn OML 245 Oil Block Dispute

Tinubu has instructed key government figures and agencies, including the Attorney-General of the Federation, Lateef Fagbemi, and Minister of State for Petroleum Resources, Heineken Lokpobiri, to expedite the resolution of all court

Emmanuel Ochayi

1 year ago

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

Business·Oil & Gas

Concerns As Port Harcourt Refinery Test-run Lingers Amid Further Naira Depreciation

The are concerns over the delayed launch of refined products from the Port Harcourt Refining Company.

Emmanuel Ochayi

1 year ago

IMF Sympathises With Victims Of Kenya Anti-tax Protest

Finance & Economy

Why IMF Downgraded Nigeria’s Economic Growth Forecast To 3% – Report

The International Monetary Fund (IMF) has adjusted Nigeria’s economic growth forecast for 2024, downgrading it to 3.0% from the previously predicted 3.1%. In its ‘World Economic Outlook Update, January 2024,’ released on

Emmanuel Ochayi

1 year ago

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

Business·Currency

Naira Fall: CBN Sets Limit For Banks To Manage Forex Risks

The Central Bank of Nigeria (CBN) has placed restrictions on the amount of foreign exchange that banks may retain to prevent losses. This is as the country’s economy continues to witness depreciation

Victor Ezeja

1 year ago

Business·Oil & Gas

NNPCL Woos South Korean Investors To Gas Projects In Nigeria

In a move to harness Nigeria's abundant gas resources for global energy markets, the Nigerian National Petroleum Company Limited (NNPCL) has engaged in discussions with a South Korean consortium led by Daewoo

Victor Ezeja

1 year ago

How EFEMS Transparency Fuels Naira Demand In Parallel Market

Business·Currency

Naira Hits Record Low At N1,482/$1 In Official Market, Triggering Economic Concerns, Shutdown Fears

The Nigerian naira witnessed a further decline on Tuesday, 30 January 2024, closing at N1,482 against the US dollar.

Emmanuel Ochayi

1 year ago

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

Business·Oil & Gas

Global Oil Prices Surge Amid Geopolitical Tensions, Supply Gap Concerns

In the early hours of GMT+1, Brent crude hit $82.65 per barrel, reflecting a market grappling with uncertainties. U.S. WTI crude futures saw a 0.4% rise, reaching $77.09, bouncing back from Monday’s

Victor Ezeja

1 year ago

Naira Records First Major Depreciation At Official Market In 2025

Business·Currency

Naira Crisis: ‘Nigeria May Become Like Zimbabwe’

Stakeholders and economic experts have continued to express concerns about the persistent depreciation of the value of Nigerian currency, the naira.

Victor Ezeja

1 year ago

Naira vs Dollar: What To Expect This Week

Business·Currency

Naira Depreciates To Record Low Of N1,348/$1 At Official Market

The Nigerian naira plummeted to an unprecedented low of N1,348.63 against the dollar on the Nigerian Autonomous Foreign Exchange Market on Monday, marking a 51.21% fall from the previous week’s official rate.

Emmanuel Ochayi

1 year ago

Business·Currency

Naira Drops To N900/$1 In Official Market Despite CBN Efforts, Raises Concerns For Economic Stability

The Nigerian naira has plunged to a historic low of N900 against the US dollar in the official market, marking a setback despite relentless efforts by the Central Bank of Nigeria (CBN)

Emmanuel Ochayi

1 year ago

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Finance & Economy - Page 85

Tinubu Orders Resolution Of $1.3bn OML 245 Oil Block Dispute

Concerns As Port Harcourt Refinery Test-run Lingers Amid Further Naira Depreciation

Why IMF Downgraded Nigeria’s Economic Growth Forecast To 3% – Report

Naira Fall: CBN Sets Limit For Banks To Manage Forex Risks

NNPCL Woos South Korean Investors To Gas Projects In Nigeria

Naira Hits Record Low At N1,482/$1 In Official Market, Triggering Economic Concerns, Shutdown Fears

Global Oil Prices Surge Amid Geopolitical Tensions, Supply Gap Concerns

Naira Crisis: ‘Nigeria May Become Like Zimbabwe’

Naira Depreciates To Record Low Of N1,348/$1 At Official Market

Naira Drops To N900/$1 In Official Market Despite CBN Efforts, Raises Concerns For Economic Stability

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