<p>Shell is set to sell its majority stake in Shell Downstream South Africa, announcing plans to reshape its downstream portfolio.</p>
<p>The post <a rel="nofollow" href="https://www.arise.tv/shell-poised-to-exit-south-africas-downstream-unit-to-divest-majority-stake/">Shell Poised To Exit South Africa’s Downstream Unit, To Divest Majority Stake</a> appeared first on <a rel="nofollow" href="https://www.arise.tv">Arise News</a>.</p>
<p>PM Browne says his country looks forward to when Air Peace will begin scheduled direct flights into Antigua and Barbuda. </p>
<p>The post <a rel="nofollow" href="https://www.arise.tv/antigua-and-barbuda-prime-minister-woos-nigerian-investors-lauds-air-peace/">Antigua and Barbuda Prime Minister Woos Nigerian Investors, Lauds Air Peace </a> appeared first on <a rel="nofollow" href="https://www.arise.tv">Arise News</a>.</p>
<div><img width="300" height="198" src="https://www.naijanews.com/wp-content/uploads/2021/11/Naira-hits-strong-against-dollar-300x198.jpg" class="attachment-medium size-medium wp-post-image" alt="" style="margin-bottom: 15px;" decoding="async" fetchpriority="high" srcset="https://www.naijanews.com/wp-content/uploads/2021/11/Naira-hits-strong-against-dollar-300x198.jpg 300w, https://www.naijanews.com/wp-content/uploads/2021/11/Naira-hits-strong-against-dollar.jpg 446w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>The Nigerian currency, the Naira, experienced a significant depreciation yesterday, dropping to ₦1,365 per dollar in the parallel market from ₦1,320 per dollar on Tuesday. Naija News reports that the decline was mirrored in the Nigerian Foreign Exchange Market (NAFEM), where the Naira fell to ₦1,402.67 per dollar, according to data from the Financial Markets […]</p>
<p>The post <a href="https://www.naijanews.com/2024/05/03/naira-depreciates-to-%e2%82%a61365-in-parallel-market/">Naira Depreciates To ₦1,365/$ In Parallel Market</a> appeared first on <a href="https://www.naijanews.com">Naija News</a>.</p>
<p>CBN has directed fintechs OPay, Palmpay, Kuda Bank, and Moniepoint to suspend new customer onboarding until further notice.</p>
<p>The post <a rel="nofollow" href="https://www.arise.tv/cbn-orders-fintech-firms-opay-palmpay-kuda-bank-moniepoint-to-suspend-onboarding-of-new-customers/">CBN Orders Fintech Firms OPay, Palmpay, Kuda Bank, Moniepoint To Suspend Onboarding of New Customers</a> appeared first on <a rel="nofollow" href="https://www.arise.tv">Arise News</a>.</p>
<div><img width="300" height="150" src="https://www.naijanews.com/wp-content/uploads/2024/04/CBN-Governor-Yemi-Cardoso--300x150.jpg" class="attachment-medium size-medium wp-post-image" alt="CBN Governor, Yemi Cardoso" style="margin-bottom: 15px;" decoding="async" srcset="https://www.naijanews.com/wp-content/uploads/2024/04/CBN-Governor-Yemi-Cardoso--300x150.jpg 300w, https://www.naijanews.com/wp-content/uploads/2024/04/CBN-Governor-Yemi-Cardoso--768x384.jpg 768w, https://www.naijanews.com/wp-content/uploads/2024/04/CBN-Governor-Yemi-Cardoso-.jpg 1000w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>The Central Bank of Nigeria (CBN) has removed the data which provided a fresh loan of N3.8 trillion in Ways and Means to the federal government from its website. Naija News earlier reported that the Tinubu government took the loan during the second half of 2023 This is according to provisional data published in the […]</p>
<p>The post <a href="https://www.naijanews.com/2024/04/28/cbn-removes-report-on-fresh-%e2%82%a63-8-trillion-loan-from-tinubu-govt/">CBN Removes Report On Fresh ₦3.8 Trillion Loan From Tinubu Govt</a> appeared first on <a href="https://www.naijanews.com">Naija News</a>.</p>
<div><img width="300" height="200" src="https://www.naijanews.com/wp-content/uploads/2024/04/Lagos-Nigeria-300x200.webp" class="attachment-medium size-medium wp-post-image" alt="Lagos, Nigeria" style="margin-bottom: 15px;" decoding="async" fetchpriority="high" srcset="https://www.naijanews.com/wp-content/uploads/2024/04/Lagos-Nigeria-300x200.webp 300w, https://www.naijanews.com/wp-content/uploads/2024/04/Lagos-Nigeria-1024x683.webp 1024w, https://www.naijanews.com/wp-content/uploads/2024/04/Lagos-Nigeria-768x512.webp 768w, https://www.naijanews.com/wp-content/uploads/2024/04/Lagos-Nigeria-1536x1024.webp 1536w, https://www.naijanews.com/wp-content/uploads/2024/04/Lagos-Nigeria.webp 1620w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>Nigeria has announced plans to establish a groundbreaking $10 billion diaspora fund. The fund aims to attract investments from its substantial overseas population to bolster key sectors such as infrastructure, healthcare, and education. Naija News understands that the initiative, spearheaded by the country’s Ministry of Industry, Trade, and Investment, is designed to tap into the […]</p>
<p>The post <a href="https://www.naijanews.com/2024/04/27/nigeria-unveils-10-billion-diaspora-fund-to-boost-economic-growth/">Nigeria Unveils $10 Billion Diaspora Fund To Boost Economic Growth</a> appeared first on <a href="https://www.naijanews.com">Naija News</a>.</p>
<p>Nigeria, formerly the world’s leading cocoa producer, has slipped in the ranking due to outdated farming techniques, planters say.</p>
<p>The post <a rel="nofollow" href="https://www.arise.tv/nigeria-not-making-progress-in-cocoa-oil-palm-production-say-planters/">Nigeria Not Making Progress In Cocoa, Oil Palm Production, Say Planters</a> appeared first on <a rel="nofollow" href="https://www.arise.tv">Arise News</a>.</p>
<div><img width="300" height="179" src="https://www.naijanews.com/wp-content/uploads/2024/04/PZ-Cussons-300x179.webp" class="attachment-medium size-medium wp-post-image" alt="" style="margin-bottom: 15px;" decoding="async" fetchpriority="high" srcset="https://www.naijanews.com/wp-content/uploads/2024/04/PZ-Cussons-300x179.webp 300w, https://www.naijanews.com/wp-content/uploads/2024/04/PZ-Cussons-1024x611.webp 1024w, https://www.naijanews.com/wp-content/uploads/2024/04/PZ-Cussons-768x458.webp 768w, https://www.naijanews.com/wp-content/uploads/2024/04/PZ-Cussons-1536x917.webp 1536w, https://www.naijanews.com/wp-content/uploads/2024/04/PZ-Cussons-1000x600.webp 1000w, https://www.naijanews.com/wp-content/uploads/2024/04/PZ-Cussons-590x354.webp 590w, https://www.naijanews.com/wp-content/uploads/2024/04/PZ-Cussons-400x240.webp 400w, https://www.naijanews.com/wp-content/uploads/2024/04/PZ-Cussons.webp 1796w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>PZ Cussons has announced it’s intention to exit Africa’s business environment. Speaking on Wednesday, April, 24, the company said it has begun a strategic review of its African businesses to exit Africa, partly due to economic challenges in Nigeria. PZ Cussons explained that its sales in Nigeria plunged by 48% due to the naira devaluation […]</p>
<p>The post <a href="https://www.naijanews.com/2024/04/25/another-multinational-giant-set-to-leave-nigeria-africa-after-140-years-blames-naira-devaluation/">Another Multinational Giant Set To Leave Nigeria, Africa After 140 Years, Blames Naira Devaluation</a> appeared first on <a href="https://www.naijanews.com">Naija News</a>.</p>
<p>Petroleum marketers have said that the monetary policy tightening has made it difficult for them to get huge loans to lift petroleum products</p>
<p>The post <a rel="nofollow" href="https://www.arise.tv/cbns-new-crr-policy-hinders-petroleum-marketers-financing-for-dangote-refinery-products/">CBN’s New CRR Policy Hinders Petroleum Marketers’ Financing For Dangote Refinery Products</a> appeared first on <a rel="nofollow" href="https://www.arise.tv">Arise News</a>.</p>
