Category: Business
-
Today, September 29, 2023: Current Black Market Exchange Rate for Naira to Dollar.
Black Market Exchange Rate for Dollar to Naira on September 28, 2023 (Aboki fx): – Buying Rate: N995 – Selling Rate: N1000 Please be aware that the actual forex rates you encounter may differ from those mentioned here since prices can fluctuate. It’s important to note that the Central Bank of Nigeria (CBN) does not…
-
CBN to Utilize $3 Billion Loan for Economic Stability, Confirms NEC
By Milcah Tanimu The National Economic Council (NEC) has confirmed that the $3 billion emergency loan secured by the Federal Government in August will be deployed to bolster the stability of the economy, particularly addressing the fluctuation in the value of the Nigerian naira. The naira’s value has been volatile in the Investors & Exporters’…
-
“Call for Gender Equality in Maritime Sector: Women Demand Greater Roles”
By Milcah Tanimu Women in the maritime sector are pushing for more substantial roles, challenging stereotypes that label them as less capable of handling certain jobs or contracts, especially in the maritime industry. Currently, women actively engaged in clearing processes in the Nigerian maritime sector constitute less than 20 percent of the total licensed agents.…
-
How I Will Tackle Inflation, Naira, Forex Crises, By Cardoso.
Michael Olayemi Cardoso yesterday began his tenure as the 12th Central Bank of Nigeria (CBN) governor following his clearance for the position by the Senate. He promised to provide transparent and focused leadership with full adherence to the rules and return the apex bank to its core monetary policy responsibility. He also pledged to work…
-
“New CBN Governor Cardoso Vows to Uphold Integrity and Independence”
By Milcah Tanimu In a pivotal moment during his screening by the Senate, the newly appointed Governor of the Central Bank of Nigeria (CBN), Cardoso, made a resolute commitment to the Nigerian people. He firmly assured the nation that neither he nor his deputies would allow politicians to exert undue influence or hijack the operations…
-
“Cement Price Soars to ₦9,000 Amidst Concrete Road Initiative, Manufacturers Warn”
By Milcah Tanimu In a statement jointly signed by its National Chairman, Prince David Iweta, and National Secretary Chief Reagan Ufomba, the association expressed its support for the Minister of Works, David Umahi, in his approach to using cement for road construction. However, they also raised concerns about potential consequences if the supply of cement…
-
**NNPCL Exchanged N2.6 Trillion Worth of Crude Oil for Refined Products in 2021**
By Daniel Edu A recent report by the Nigeria Extractive Industries Transparency Initiative (NEITI) has unveiled that the Nigerian National Petroleum Company Limited (NNPCL) conducted crude oil exchanges valued at N2.6 trillion for refined petroleum products in the year 2021. According to data from the 2021 Oil and Gas Report by NEITI, the total oil…
-
“NNPC Faces Uncertainty as Dangote Seeks Approval for Refinery Operations”
The Dangote Refinery, a major project in Nigeria, is facing a new controversy, sparking concerns regarding safety, quality, and ethical considerations. The dispute has arisen between the Nigerian National Petroleum Corporation (NNPC) and Aliko Dangote, Africa’s wealthiest individual and owner of the Dangote Group. Sources indicate that Aliko Dangote has applied for a license to…
-
ICRC Anticipates N185.2 Billion Revenue from Asset Concession in 2023
The Director-General of the Infrastructure Concession Regulatory Commission, Michael Ohiani, has disclosed that various asset concessions are projected to contribute N185.2 billion in revenue to the Federal Government’s treasury account in 2023. Ohiani made this announcement in the commission’s second-quarter bulletin, which was obtained by Saturday PUNCH on Friday. He emphasized that these projects, attracting…
-
Promoting Financial Inclusion: PalmPay Advocates for Collaborative Efforts
Advocating for Financial Inclusion: PalmPay Emphasizes the Need for Collaboration September 23, 2023 PalmPay News By Oluwakemi Abimbola PalmPay, a leading financial technology platform, has called for strategic collaborations within the financial sector to drive inclusivity. This call was made during the 2023 annual conference of the Finance Correspondents Association of Nigeria, which centered on…