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Finance & Economy - Page 62

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

Naira Opens Week With Gain Across FX Markets

Business·Currency·Markets·News

Naira Further Appreciates Against Dollar Ahead Of Christmas Holiday

Nigerian naira further appreciated both at the official and parallel windows of the foreign exchange market on Tuesday, ahead of the Christmas holiday. The local currency closed trading at the official market on Tuesday, 24 December at N1,537 per dollar. This is

December 24, 2024

Business·News·Oil & Gas·World News

Global Oil Prices Rise To $73.05/ Barrel As Market Prepares For 2024 Outlook

Global oil prices rose on Tuesday, recovering from earlier losses. Brent crude futures gained $0.42, settling at $73.05 a barrel, while U.S. West Texas Intermediate (WTI) crude added $0.38 to reach $69.62 a barrel. Analysts attributed the slight increase to improved market

December 24, 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, 24th 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 24, 2024

What Happens If NNPC Ends Naira-for-Crude? Risks, Alternatives

Business·FEATURES·News·Oil & Gas

Fuel Price Reductions: Are Consumers Really Benefiting?

In recent weeks, Nigeria has witnessed a series of reductions in the price of premium motor spirit (PMS), commonly referred to as petrol. The Nigerian National Petroleum Company (NNPC) led this adjustment, lowering its retail price to N965 per litre in Abuja,

December 24, 2024

Addressing Forex Instability and Fuel Costs

Business·News·Oil & Gas

Just In: NNPCL Drops Fuel Price To N965 In Abuja

The Price of petrol, commonly known as premium motor spirit (PMS), has been reduced to N965 per litre at Nigerian National Petroleum Company (NNPC) outlets in the Federal Capital Territory (FCT). This marks the second reduction in less than two weeks, following

December 23, 2024

Petrol Price Drops To N925 At Private Depots, Marketers Count Losses

Business·FEATURES·Oil & Gas

Petrol Prices Drop Nationwide: A Win For Deregulation?

The recent reduction in petrol prices by the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery has sparked optimism and debate about the benefits of deregulation in Nigeria’s downstream oil sector. This price adjustment, hailed by industry stakeholders and consumers alike,

December 23, 2024

Finance & Economy

Atiku Highlights Why Nigeria’s 2025 Budget Is Unsustainable

Former vice President of Nigeria, Atiku Abubakar, has raised concerns about sustainability of the proposed 2025 national budget. Atiku said the budget lacks all it takes in terms of structural reforms and fiscal discipline to address Nigeria’s multifaceted economic challenges. Atiku stated

December 23, 2024

Business·Currency·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 22nd December 2024

December 22, 2024

Business·News·Oil & Gas

Dangote Refinery Partners MRS To Deliver Petrol At N935/Ltr Nationwide

The Dangote Refinery announced a strategic partnership with MRS to sell Premium Motor Spirit (PMS), commonly known as petrol, at ₦935 per litre nationwide. This initiative is aimed at ensuring that recent price reductions reach Nigerian consumers directly through retail outlets across

December 21, 2024

Business·News·Oil & Gas

Competition Sets In As NNPCL, Like Dangote Refinery, Slashes Petrol Price

In what seems like an emerging competition in the downstream sector, the Nigeria National Petroleum Company Limited (NNPCL), has cut its ex-depot price of Premium Motor Spirit (PMS), also known as petrol to ₦899 per liter. This reflects a 12 per cent

December 21, 2024

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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 62

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

Naira Further Appreciates Against Dollar Ahead Of Christmas Holiday

Global Oil Prices Rise To $73.05/ Barrel As Market Prepares For 2024 Outlook

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 24th December 2024

Fuel Price Reductions: Are Consumers Really Benefiting?

Just In: NNPCL Drops Fuel Price To N965 In Abuja

Petrol Prices Drop Nationwide: A Win For Deregulation?

Atiku Highlights Why Nigeria’s 2025 Budget Is Unsustainable

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 22nd December 2024

Dangote Refinery Partners MRS To Deliver Petrol At N935/Ltr Nationwide

Competition Sets In As NNPCL, Like Dangote Refinery, Slashes Petrol Price

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Nigeria’s Debt Servicing Jumps Fourfold in Four Years, Hits ₦15.91tn in 2026 Proposal

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

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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

Nigeria’s Debt Servicing Jumps Fourfold in Four Years, Hits ₦15.91tn in 2026 Proposal

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Finance & Economy - Page 62

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