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Finance & Economy - Page 63

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

Business·Oil & Gas

Nigerians To NNPC: Prove That Port Harcourt Refinery Is Working

Nigerians have called on the Nigeria National Petroleum Company Limited (NNPCL) to prove that Port Harcourt Refinery is working. This comes as NNPCL denied that the refinery has stopped working a few weeks after it resumed operations. A report in The Punch

December 21, 2024

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

Business·Currency·Markets·News

Naira Depreciates To N1,542 Per Dollar At Official Market

The Nigerian Naira ended the week on a negative note as it depreciated to N1,542 per dollar at the official foreign exchange market on Friday. According to data released by the Central Bank of Nigeria (CBN), the Nigerian Foreign Exchange Market (NFEM)

December 20, 2024

Dangote Refinery Boosts U.S. Jet Fuel Supply As Demand Rises

Business·News·Oil & Gas

How To Access Dangote Refinery’s Buy-One-Get-One Credit Offer

The Dangote Refinery has introduced a new initiative aimed at providing relief to Nigerians during the festive season. Consumers can now access a special buy-one-get-one credit offer on petrol purchases. According to Anthony Chiejina, Group Chief Branding and Communications Officer of Dangote

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

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·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

Israel-Iran Crisis: Crude Oil Prices Will Rise Above $90 Per Barrel If Conflict persists

Finance & Economy

2025 Budget: Nigeria Govt Projects 2.06mbpd Crude Oil Production At $75

The Nigerian government has projected crude oil production to be around 2.06 million barrels per day (mbpd) in 2025. The government also set the oil price benchmark at $75 per barrel in the 2025 Budget President Bola Tinubu, who stated these while

December 18, 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 63

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

Nigerians To NNPC: Prove That Port Harcourt Refinery Is Working

Naira Depreciates To N1,542 Per Dollar At Official Market

How To Access Dangote Refinery’s Buy-One-Get-One Credit Offer

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

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

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

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

2025 Budget: Nigeria Govt Projects 2.06mbpd Crude Oil Production At $75

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

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China to Scrap Tariffs for 53 African Countries from May 1, Excludes Eswatini

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Finance & Economy - Page 63

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