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Business - Page 144

Naira Ends Week With Marginal Gain Against Dollar

Naira Remains Stable Against Dollar In Black Market

Traders in the black market on Friday, December 19, saw no changes in the foreign exchange (FX) rate for the United States dollar (USD), as the naira neither depreciated nor appreciated. In a parallel market data provided by Naira Rates, the exchange

December 19, 2025

The Cost Of Cash Scarcity: How The New CBN Policy Is Reshaping Nigeria’s Informal Economy

Business·FEATURES·News

Cost Of Cash Scarcity: How New CBN Policy Is Reshaping Nigeria’s Informal Economy

Nigeria’s informal economy, which thrives on cash transactions, is facing a significant disruption. The Central Bank of Nigeria’s (CBN) new policy limiting cash withdrawals to N100,000 per customer daily for Point-of-Sale (PoS) agents has sent shockwaves through the economy. With over 60%

December 20, 2024

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025

Business·Currency·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 20th December 2024

What is the Dollar to Naira Exchange rate at the black market, like the Aboki Fx? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN) in the parallel market also known as black market, especially the Aboki Fx as

December 20, 2024

NGX Set To Lose N60bn As MRS Oil Nigeria Plc Plans To Delist Shares

Business·Markets·News

Nigeria’s Equity Market Rises By 0.77% As Investors Chase Value Ahead Of Year-End

Nigeria’s equity market recorded another positive session on Thursday, climbing 0.77% as investors intensified their search for value ahead of the year-end. The rally, fueled by key gainers like UACN, Aradel Holdings, Honeywell Flour Mills, NAHCO, and MRS, added N467 billion to

December 20, 2024

Dangote Petrol Price Cut: We Expected Lower Price – Nigerians

Business·Oil & Gas

Dangote Refinery PMS Price Drop Will Ease Suffering Of Nigerians – PETROAN

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has applauded the management of Dangote Refinery for reducing the price of its Premium Motor Spirit (PMS) also known petrol to N899.50K per litre. PETROAN spokesperson Joseph Obele said in a statement

December 20, 2024

Top Loan Apps In Nigeria By User Ratings As Of December

Business·Finance & Economy·News·Top Stories

Top 10 Loan Apps In Nigeria By User Ratings As Of December 2024

Let’s be honest, loan apps can be a real lifesaver. It’s safe to say that loan apps have been saving lives since they became quite popular among Nigerians, providing “urgent 2ks” with quite affordable interest rates and a seamless registration process. But

December 19, 2024

Dangote Refinery Reduces Ex-depot Price Of Diesel To ₦1,020 Per Litre

Business·Oil & Gas

Dangote Refinery PMS Price Reduction: ‘A Drop In The Ocean’, Say Nigerians

Mixed reactions from Nigerians have trailed news of the reduction of fuel price by Dangote Refinery. While some commended the refinery for the gesture, others said the margin of price reduction is insignificant. Prime Business Africa reports that Dangote Refinery on Thursday

December 19, 2024

Business·News

Cash Scarcity: CBN’s N100,000 Daily Limit For PoS Withdrawals Sparks Outcry

The Central Bank of Nigeria (CBN) has introduced new measures to limit cash withdrawals from Point-of-Sale (POS) agents, a move aimed at advancing Nigeria’s cashless policy and limiting cash scarcity. According to a circular dated December 17, 2024, the daily withdrawal limit

December 19, 2024

Business·News·Oil & Gas

Yuletide: Dangote Refinery Cuts Petrol Price To N899.50, Launches Holiday Credit Offer

Dangote Refinery has announced a reduction in the price of Premium Motor Spirit (PMS) to N899.50 per litre, offering Nigerians some relief as the festive season draws near. This development, confirmed in a statement by the Group Chief Branding and Communications Officer,

December 19, 2024

0% Import Duty On CNG, LPG Equipment, Says Nigerian Customs

Business·News·Oil & Gas

Nigerian Customs Announces 0% Import Duty On CNG, LPG Equipment

The Nigeria Customs Service (NCS) has announced a 0% import duty on equipment for Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) as part of the government’s drive to promote domestic gas utilisation. This policy shift aims to reduce costs, enhance

December 19, 2024

Mixed Reactions From Nigerians Over Hacking Of NBS Website

Business·News

Reactions Trail Hacked NBS Website

The National Bureau of Statistics (NBS) has announced that its official website has been hacked. The organisation disclosed this in a public notice on its X (formerly Twitter) handle, urging Nigerians to disregard any messages or reports published on the site until

December 19, 2024

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Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

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The Bank of Japan (BOJ) is set to raise its

SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

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Business - Page 144

Naira Remains Stable Against Dollar In Black Market

Cost Of Cash Scarcity: How New CBN Policy Is Reshaping Nigeria’s Informal Economy

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 20th December 2024

Nigeria’s Equity Market Rises By 0.77% As Investors Chase Value Ahead Of Year-End

Dangote Refinery PMS Price Drop Will Ease Suffering Of Nigerians – PETROAN

Top 10 Loan Apps In Nigeria By User Ratings As Of December 2024

Dangote Refinery PMS Price Reduction: ‘A Drop In The Ocean’, Say Nigerians

Cash Scarcity: CBN’s N100,000 Daily Limit For PoS Withdrawals Sparks Outcry

Yuletide: Dangote Refinery Cuts Petrol Price To N899.50, Launches Holiday Credit Offer

Nigerian Customs Announces 0% Import Duty On CNG, LPG Equipment

Reactions Trail Hacked NBS Website

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