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Finance & Economy - Page 53

BOI Disburses Record N636bn in 2025, Creates 1.6m Jobs – President Tinubu

The Bank of Industry (BOI) achieved a landmark milestone in 2025, disbursing a record N636 billion to over 7,000 Nigerian enterprises, marking the largest annual financing in its history, President Tinubu announced on Thursday. According to the President, the financing spanned multiple

February 14, 2026

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, 17th February, 2025

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

February 17, 2025

Africa·Business·News·Oil & Gas

African Countries With The Largest Proven Oil Reserves In 2025

Oil is a key driver of economic growth in Africa. Many countries on the continent rely on oil production for revenue, energy, and foreign investment. Africa holds a significant share of the world’s proven oil reserves, with Libya, Nigeria, and Algeria among

February 17, 2025

Survey: 65.8% Respondents Want Interest Rate Cut As CBN Holds MPC Meeting

Business·Finance & Economy·News

SERAP Gives CBN 48 Hours To Reverse ATM Withdrawal Fee Increase

The Socio-Economic Rights and Accountability Project (SERAP) has given the Central Bank of Nigeria (CBN) a 48-hour ultimatum to reverse its recent increase in Automated Teller Machine (ATM) transaction fees. The advocacy group has described the new charges as “unlawful, unfair, unreasonable,

February 16, 2025

Business·Currency·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 16th February, 2025

February 16, 2025

Business·News·Oil & Gas

NNPC Refutes Viral Claims That Its Fuel Does Not Last

The Nigerian National Petroleum Company Limited (NNPCL) has debunked what it described as “false and misleading allegations” made in a viral video which claims that NNPC fuel does not last. In a statement released on Saturday, by the NNPCL Chief Corporate Communications

February 15, 2025

Business·Finance & Economy·News

CBN Plans Sanctions Against Banks Imposing ATM Withdrawal Limits Below N20,000

The Central Bank of Nigeria (CBN) has warned that it will sanction banks that prevent customers from withdrawing amounts of N20,000 or more per transaction from Automated Teller Machines (ATMs). The apex bank made this known in a ‘Question and Answer’ explainer

February 14, 2025

N15 Reduction Is Insignificant- Nigerians React As NNPCL Reduces Petrol Price To N945/ Litre

Business·News·Oil & Gas

N15 Reduction Insignificant, Say Nigerians As NNPCL Reduces Petrol Price To N945/ Litre

Many Nigerians have dismissed the N15 reduction in petrol price by Nigerian National Petroleum Company Limited (NNPCL) as insignificant, saying it does little to ease the burden of high fuel costs. The NNPCL has reduced the pump price of petrol from N960 to

February 13, 2025

Business·News·Real Estate

Top Locations To Invest In Rental Properties

The real estate market in Lagos is attracting investors looking for high returns in 2025. With an increasing population and a growing middle class, rental properties remain a profitable investment. While island locations like Lekki continue to be prime destinations, some mainland

February 13, 2025

News·Oil & Gas

NCDMB Boss Highlights Strategies For Collaboration On Local Content Development In Africa

Engr. Felix Omatsola Ogbe, Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), charged sub-Saharan African countries to be up to date with developments in the global oil and gas sector and implement a coordinated strategy to promote industrialisation, strengthen

February 12, 2025

Business·Oil & Gas

Africa Energy Bank Set For Launch In 1st Quarter, Eyes $120bn Asset Base

The Africa Energy Bank will begin operations in the first quarter of 2025 with $5 billion in equity from member countries and shareholders, and targets an asset base of $120 billion. Nigeria’s Minister of State Petroleum Resources (Oil), Heineken Lokpobiri, made this

February 11, 2025

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Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

U.S. President Donald Trump has threatened to impose 100 per

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Nigeria’s customs authority has introduced new rules for courier companies

Behind the Geregu Power Sale: Politics and a $750m Deal

The sale of Geregu Power, one of Nigeria’s largest electricity

Recapitalisation: UBA Extends Deadline For Rights Issue

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

United Bank for Africa (UBA) has successfully concluded its rights

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Finance & Economy - Page 53

BOI Disburses Record N636bn in 2025, Creates 1.6m Jobs – President Tinubu

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 17th February, 2025

African Countries With The Largest Proven Oil Reserves In 2025

SERAP Gives CBN 48 Hours To Reverse ATM Withdrawal Fee Increase

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 16th February, 2025

NNPC Refutes Viral Claims That Its Fuel Does Not Last

CBN Plans Sanctions Against Banks Imposing ATM Withdrawal Limits Below N20,000

N15 Reduction Insignificant, Say Nigerians As NNPCL Reduces Petrol Price To N945/ Litre

Top Locations To Invest In Rental Properties

NCDMB Boss Highlights Strategies For Collaboration On Local Content Development In Africa

Africa Energy Bank Set For Launch In 1st Quarter, Eyes $120bn Asset Base

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Senate U-Turn or Smoke Screen? Loopholes in Electoral Reform Persist

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U.S. Energy Secretary Wright Visits Caracas to Boost Venezuela Energy Ties

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U.S. Troops Touch Down in Nigeria as 200-Member Deployment Begins

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BOI Disburses Record N636bn in 2025, Creates 1.6m Jobs – President Tinubu

Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Behind the Geregu Power Sale: Politics and a $750m Deal

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

U.S. Troops Touch Down in Nigeria as 200-Member Deployment Begins

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Finance & Economy - Page 53

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