Finance & Economy - Page 88

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Naira Depreciates To N902/$1 As Forex Turnover Drops 17.36% To $145.89m

Naira faced a 0.04% depreciation, closing at N902.45 to a dollar in the official market, as reported by the Nigeria Autonomous Foreign Exchange Market (NAFEM).

Emmanuel Ochayi

1 year ago

Business·Oil & Gas

14 Fossil Fuel Giants’ $346.713bn Windfall Profit Calls For Global Climate Action

A report by ActionAid has revealed that 14 fossil fuel companies experienced profit windfalls of $346.713bn in just 24 months.

Victor Ezeja

1 year ago

Gold Near Record Highs Amidst Inflation Concerns

Business·Currency

Gold Price Rallies Above $2,030 Amidst Geopolitical Tensions, Uncertain Fed Outlook

As global tensions escalate with conflicts in the Middle East and geopolitical events unfold, Gold prices surge beyond $2,030, reflecting heightened demand for safe-haven assets.

Emmanuel Ochayi

1 year ago

Naira Rises Against Dollar, Ends Week On Positive Note

Business·Currency·News

Naira Hits Record Low Against British Pound Amid High Demand For Dollars

Nigerian parallel market exchange rate plummeted to an all-time low of N1,680 per Great Britain Pound (GBP), showcasing a 7% decline compared to the previous week.

Emmanuel Ochayi

1 year ago

Business·Currency

Naira May Depreciate To N1500/$1 In 2024 – Expert

Johnson Chukwu, the Group Managing Director, warned of a potential worst-case scenario where the naira could plummet to N1,500 against the dollar this year. Chukwu during the Cowry Asset Management’s economic review

Emmanuel Ochayi

1 year ago

Nigeria's Non-Oil Exports Face $300m Setback Amid Economic Challenges

Business·Finance & Economy

Nigeria’s Non-Oil Exports Face $300m Setback Amid Instability, Economic Challenges

Nigeria witnessed a marginal dip in non-oil export revenue, as figures released by the Executive Director of the Nigerian Export Promotion Council, Nonye Ayeni, unveiled a decline from $4.8 billion in 2022

Emmanuel Ochayi

1 year ago

Why Tinubu Govt Is Against Borrowing To Fund 2024 Budget - Edun

Finance & Economy

Nigeria Seeks Fresh $1.5bn World Bank Aid To Tackle Forex Crisis

Nigeria is pursuing a $1.5 billion aid package from the World Bank to address the severe dollar shortage, contributing to the decline of the naira. Finance Minister Wale Edun, in an interview

Emmanuel Ochayi

1 year ago

Finance & Economy

Alex Otti Names Sanusi, Arunma Oteh, Bolaji Balogun As Chairpersons Of Abia Economic Council

Alex Otti, has constituted a 26-member Abia Global Economic Advisory Council (AGEAC) to be chaired by egg-heads in the financial world such as former Emir of Kano and CBN governor, Muhammad Sanusi

Victor Ezeja

1 year ago

News·Oil & Gas

‘Shell Must Address Ecological, Health, Economic and Social Impacts Concerns in Niger Delta Before Selling Assets’

Shell has been called upon to address all concerns regarding the ecological, health, economic and social impacts of their operations for more than six decades in the Nigeria Delta.

Victor Ezeja

1 year ago

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

Business·Oil & Gas

OPEC: Nigeria’s Crude Oil Production Soars To 1.4mbpd

Nigeria's crude oil production witnessed a rise to 1.418 mbpd in December 2023, marking an increase from November's 1.319 mbpd, as reported by the Organisation of the Petroleum Exporting Countries (OPEC).

Emmanuel Ochayi

1 year ago

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Finance & Economy - Page 88

Naira Depreciates To N902/$1 As Forex Turnover Drops 17.36% To $145.89m

14 Fossil Fuel Giants’ $346.713bn Windfall Profit Calls For Global Climate Action

Gold Price Rallies Above $2,030 Amidst Geopolitical Tensions, Uncertain Fed Outlook

Naira Hits Record Low Against British Pound Amid High Demand For Dollars

Naira May Depreciate To N1500/$1 In 2024 – Expert

Nigeria’s Non-Oil Exports Face $300m Setback Amid Instability, Economic Challenges

Nigeria Seeks Fresh $1.5bn World Bank Aid To Tackle Forex Crisis

Alex Otti Names Sanusi, Arunma Oteh, Bolaji Balogun As Chairpersons Of Abia Economic Council

‘Shell Must Address Ecological, Health, Economic and Social Impacts Concerns in Niger Delta Before Selling Assets’

OPEC: Nigeria’s Crude Oil Production Soars To 1.4mbpd

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