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Finance & Economy - Page 174

Tinubu Backs 15% Fuel Import Tariff, Suspends Rollout Until Naira, Economy Recovers

The Federal Government has approved a 15 per cent ad valorem import duty on petrol and diesel imports but says the policy’s enforcement has been placed on hold until the naira appreciates and international oil prices decline. President Bola Tinubu signed off

October 31, 2025

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Currency

CBN-backed Official Window Record Increase In Dollar Rate, USD Falls In Black Market

The price of the United States currency, the dollar, was increased by N24.53 kobo in the Investors’ and Exporters’ window of the official market on Thursday. In a report obtained from the FMDQ Exchange, the dollar rate rose to N762.71/$1 at the

September 1, 2023

Business·Oil & Gas

NNPC Doesn’t Have Fuel To Sell – Oil Marketers’ Depot Chairman Says

The Chairman of Satellite Depot, Independent Petroleum Marketers Association of Nigeria (IPMAN), Lagos, Akin Akinrinade, said the retail stations owned by the Nigerian National Petroleum Company (NNPC) Limited don’t have fuel to sell. Akinrinade stated that fuel scarcity is affecting both the

September 1, 2023

Business·Currency

Official Market Records Decline In Dollar Rate, Trade Flat In Black Market

The FMDQ Exchange reported on Wednesday that the price of the United States Dollar (USD) dropped by N37.16 kobo to N738.18/$1 in the Investors’ and Exporters’ window. It was learnt that the exchange rate between the naira and the dollar was brought

August 31, 2023

NNPCL Denies Inflating Fuel Subsidy Payments

Business·Oil & Gas

Nigeria Records 164 Crude Oil Theft Incidents In One Week

The Nigerian National Petroleum Company (NNPC) Limited revealed that between 19 to 25 August 2023, about 164 crude oil theft incidents were recorded amid declining oil output. Of the total crude oil theft, 49 cases of unauthorised refineries were discovered, 41 illegal

August 30, 2023

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business·Currency

Official Window, Black Market Dollar Rates Rise As Naira Depreciates

On Tuesday, the naira dropped in value by 0.41 per cent, as the exchange rate to the dollar settled at N775.34/$1 in the Investors’ and Exporters’ window of the official market. The day before, the exchange rate between both the United States

August 30, 2023

Tinubu Set To Attend COP 28 Summit In Dubai

Business·Oil & Gas

Diesel Price To Rise, As FG Moves To Charge VAT After Oil Sector GDP Contribution Drops

The price of diesel might rise as the Nigeria Customs Service (NCS) is set to implement a value-added tax (VAT) on imported automobile gas oil (AGO), also known as diesel. According to a report by the National Bureau of Statistics (NBS), a

August 30, 2023

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Authorised Dealers Increase Dollar Rates In Black Market, Official Window

The official market aggregator, FMDQ Exchange, reported that the naira to dollar exchange rate closed at N772.12/$1 in the Investors’ and Exporters’ (I&E) window of the official market on Monday. According to the report, the authorised dealers raised the exchange rate between

August 29, 2023

Business·Oil & Gas

Why Oil Sector Contribution To Nigeria’s GDP Plummeted By N470bn

The oil sector’s contribution to Nigeria’s Gross Domestic Product (GDP) fell by 13.7 per cent between the first and second quarters of 2023 according to data obtained from the National Bureau of Statistics (NBS). Prime Business Africa understands that the decline represents

August 29, 2023

Entrepreneurship·FEATURES

Remote Work And Job Market: Embracing The New Normal

By Isaac Chukwuebuka Chibuife Remote work has become increasingly popular in recent years with the advancements in technology making it easier for individuals to work from anywhere. This shift has had a significant impact on the job market affecting employees and employers

August 28, 2023

Naira Opens Week With Gain Across FX Markets

Business·Currency

Dollar Sells At N778/$1 In CBN-backed Official Window, Stabilises In Black Market

In the Investors’ and Exporters’ window of the official market on Friday, the United States Dollar (USD) rate closed at N778.42/$1, up from N771.69/$1 reported on Thursday. This is according to the FMDQ Exchange, the official market aggregator, which also revealed that

August 28, 2023

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Finance & Economy - Page 174

Tinubu Backs 15% Fuel Import Tariff, Suspends Rollout Until Naira, Economy Recovers

CBN-backed Official Window Record Increase In Dollar Rate, USD Falls In Black Market

NNPC Doesn’t Have Fuel To Sell – Oil Marketers’ Depot Chairman Says

Official Market Records Decline In Dollar Rate, Trade Flat In Black Market

Nigeria Records 164 Crude Oil Theft Incidents In One Week

Official Window, Black Market Dollar Rates Rise As Naira Depreciates

Diesel Price To Rise, As FG Moves To Charge VAT After Oil Sector GDP Contribution Drops

Authorised Dealers Increase Dollar Rates In Black Market, Official Window

Why Oil Sector Contribution To Nigeria’s GDP Plummeted By N470bn

Remote Work And Job Market: Embracing The New Normal

Dollar Sells At N778/$1 In CBN-backed Official Window, Stabilises In Black Market

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