Business

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 22nd November 2024 What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?…CLICK HERE TO CONTINUE READING.>> Dollar to naira exchange rate today See the black market Dollar to Naira exchange rate for 21st November, […] More

As NNPC, Africa’s largest energy company continues repositioning for profitability and growth in line with the deregulation of Nigeria’s petroleum industry under the PIA, Mele Kyari, its Group CEO has revealed that NNPC has successfully resolved its enduring cash-call debt of $2.4 billion to the International Oil Companies operating within the nation. According to Kyari, […] More

The NNPC Boss Kyari revealed that NNPC has successfully resolved its enduring cash-call debt of $2.4 billion to the International Oil Companies operating within the nation. He confirmed that the company is now free of any outstanding debts, noting that this significant milestone was reached after all subsidies were completely eliminated…CLICK TO READ THE FULL […] More

The GCEO of NNPCL, Mele kyari highlighted that Nigeria currently lacks energy security. He pointed out that half of the population remains without access to electricity, and 70 percent do not have access to clean fuel….CLICK TO READ THE FULL NEWS HERE▶▶ He said, “Today, when we say energy security, the thing that comes quickly […] More

On Monday during the current conference hosted by the Nigerian Association of Petroleum Explorationists in Lagos. The conference which is focused on the theme ‘Addressing the Nigerian Energy Trilemma: Energy Security, Sustainable Growth, and Affordability.’…CLICK TO READ THE FULL NEWS HERE▶▶ The NNPC Boss Mele Kyari disclose that NNPCL halts N24 trillion in fuel imports […] More

Mele Kyari, the head of NNPC, has refuted allegations suggesting that the company was unwilling to sell crude oil to Dangote in naira as part of a scheme to undermine the refinery. He said, “There are too many claimants out there, that the NNPC does not want to sell crude to the refinery in naira […] More

The naira continued to depreciate against the dollar in the foreign exchange market on Monday. FMDQ data showed that the naira fell to N1681.42 per dollar on Monday from N1678.87 exchanged last Friday, which represents N2.55 loss against the dollar…CLICK TO READ THE FULL NEWS HERE▶▶ The naira suffered a similar fate on the black […] More

Following Donald Trump’s victory in the just concluded United States (US) election, the US shares hit record highs on Wall Street and the dollar posted its biggest gain in eight years. New Telegraph reports that the markets and currencies around the world shifted sharply on Wednesday following the US election news…CLICK TO READ THE FULL […] More

Three oil marketers, AYM Shafa Limited, A. A. Rano Limited, and Matrix Petroleum Services Limited, have asked the Federal High Court in Abuja to dismiss a suit filed by Dangote Petroleum Refinery and Petrochemicals. The marketers, in a joint counter affidavit marked: FHC/ABJ/CS/1324/2024, and dated November 5, 2024, a response to an originating summon filed […] More

The price of imported high-quality loose rice has surged by 144.77% over the past year, as reported by the National Bureau of Statistics (NBS). According to the NBS’s latest food price report, the average price of a 50kg bag of imported rice climbed from ₦49,103 in September 2023 to ₦120,193 in September this year.CONTINUE…. YOUR… […] More

Former Vice President Atiku Abubakar has described President Bola Tinubu’s floating exchange rate system as an overkill. Atiku stated this on Sunday while listing things he would have done differently if he were the President of Nigeria…CLICK TO READ THE FULL NEWS HERE▶▶ Atiku said the explanation became necessary because Nigerians were asking him to […] More