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Category: Economy

Business Economy headline

Cardoso begs Nigerians to cut down on forex demand, says $1bn came into the market in past few days

Iheanyi Ejiofor February 9, 2024 No Comments #Cardoso#Forex demand

The Central Bank of Nigeria, (CBN), Olayemi Cardoso on Friday implored Nigerians to cut down on their demand for forex. “We must moderate our demands for forex. Where there are…

Read More Cardoso begs Nigerians to cut down on forex demand, says $1bn came into the market in past few days
Business Economy headline

TotalEnergies looks to exit Nigerian onshore oil, following Shell

Iheanyi Ejiofor February 9, 2024 No Comments #ShellTotalEnergies

French energy giant, TotalEnergies is seeking to sell its minority share in a major Nigerian onshore oil joint venture, following Shell’s (SHEL.L), divestment last month, CEO Patrick Pouyanne said. The Shell Petroleum Development Company…

Read More TotalEnergies looks to exit Nigerian onshore oil, following Shell
Business Economy

NNPC, CBN to strengthen relationship to guarantee seamless commercial operation  

Iheanyi Ejiofor February 8, 2024 No Comments #CBN#NNPC

Our reporter/ The Nigerian National Petroleum Company (NNPC) Limited and the Central Bank of Nigeria (CBN) on Thursday set limits for the management of the oil firm’s revenue. According to…

Read More NNPC, CBN to strengthen relationship to guarantee seamless commercial operation  
Business Economy headline

Court orders FG to fix price of milk, flour, others within seven days

Iheanyi Ejiofor February 8, 2024 No Comments #FG#Price controlFalana

The Federal High Court sitting Lagos, has ordered the federal government to fix the price of goods and petroleum products within seven days. Justice Ambrose Lewis-Allagoa gave the order on…

Read More Court orders FG to fix price of milk, flour, others within seven days
Business Economy headline

MultiChoice to pay $37.3m to Nigeria for tax settlement

Iheanyi Ejiofor February 8, 2024 No Comments #Multichoice#Tax settlement

Pan-African Television broadcaster MultiChoice Group has disclosed that its subsidiaries have reached a settlement with Nigerian tax authorities and have agreed to pay a total tax of about $37.3 million.…

Read More MultiChoice to pay $37.3m to Nigeria for tax settlement

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