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Finance & Economy - Page 54

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

SERAP Urges Tinubu To Suspend ATM Fee Increase Amid Legal Challenge

Business·Finance & Economy·News

CBN Announces New ATM Transaction Fees Effective March 1, Sparks Outrage Among Nigerians

The Central Bank of Nigeria (CBN) has announced new charges for Automated Teller Machine (ATM) transactions, set to take effect from March 1, 2025. The revised charges will affect cash withdrawals across different banking channels, including on-site ATMs and those operated by

February 11, 2025

Business·News·Oil & Gas

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

Dangote Petroleum Refinery has announced a reduction in the price of its diesel to ₦1,020 per litre from ₦1,075 at the gantry. This is ₦55 drop in the ex-depot price of diesel. In a statement released Tuesday, the company said the price

February 11, 2025

Agro-Economy·Business·News

Nestle Invests Over ₦1.8bn in Dairy Development, Unveils Demonstration Farm

Nestlé Nigeria has launched a dairy demonstration farm in Paikon Kore, Abuja, as part of its commitment to the development of the local dairy industry in the country. The company said the initiative, which comes under the Nestlé Nigeria Livestock Development Project

February 11, 2025

Business·News·Oil & Gas

Why Monopoly Should Be Discouraged— Oil Marketers

Oil marketers in Nigeria, under the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), have called for a fair and competitive petroleum market where all players, including refiners, importers, depot owners, and retail outlets, can operate without restrictions. They emphasized that

February 11, 2025

Netizens Tackle MRS For Setting Petrol Price In South-east Higher Than Other Regions

Business·News·Oil & Gas

MRS Under Fire: Netizens Slam Petrol Price Disparity in Southeast

Netizens have criticised the new regional prices set by MRS Oil Nigeria for Premium Motor Spirit (PMS), commonly known as petrol. In a post on social media on Monday, the major oil marketing firm listed new prices of petrol in its retail

February 11, 2025

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, 11th 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 11, 2025

Agro-Economy·Business·News

Steps To Successfully Export Palm Oil In 2025

Exporting palm oil is a great opportunity for Nigerian businesses to tap into international markets. However, success requires proper planning, compliance with global standards, and overcoming logistical hurdles. The demand for palm oil is high, but competition is fierce. Nigerian exporters must

February 11, 2025

Business·News·Oil & Gas

Why Warri, Port Harcourt Refineries Not Producing PMS As Import Continues – Expert

By Blessing Nweke Economist and energy expert, Kelvin Emmanuel, has advanced reasons why the Warri and Port Harcourt refineries are not producing Premium Motor Spirit (PMS), also known as petrol against claims by the Nigeria National Petroleum Company Limited (NNPCL). NNPCL had

February 9, 2025

Business·Finance & Economy·News

List Of Countries Nigerians Can Visit Where Naira Is Stronger

For Nigerians looking to travel abroad without worrying too much about exchange rates, there are several destinations where the naira has a stronger value compared to the local currency. This means that Nigerian travellers can enjoy better purchasing power, making their trips

February 9, 2025

Dangote Refinery, FCCPC Clash As NNPCL Insists On Importation Of Fuel

Business·News·Oil & Gas

Dangote Refinery, FCCPC Clash As NNPCL Insists On Fuel Imports

The Federal High Court in Abuja has become the battleground for a legal dispute involving Dangote Petroleum Refinery, the Federal Competition and Consumer Protection Commission (FCCPC), and the Nigerian National Petroleum Company Limited (NNPCL). The case revolves around Dangote Refinery’s attempt to

February 8, 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 54

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

CBN Announces New ATM Transaction Fees Effective March 1, Sparks Outrage Among Nigerians

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

Nestle Invests Over ₦1.8bn in Dairy Development, Unveils Demonstration Farm

Why Monopoly Should Be Discouraged— Oil Marketers

MRS Under Fire: Netizens Slam Petrol Price Disparity in Southeast

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 11th February, 2025

Steps To Successfully Export Palm Oil In 2025

Why Warri, Port Harcourt Refineries Not Producing PMS As Import Continues – Expert

List Of Countries Nigerians Can Visit Where Naira Is Stronger

Dangote Refinery, FCCPC Clash As NNPCL Insists On Fuel Imports

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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 54

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