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Finance & Economy - Page 68

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

NNPCL Announces Resumption Of Production At PH Refinery

Business·News·Oil & Gas

PH Refinery: Are You Blending Or Refining Crude Oil? Nigerians Ask NNPCL

Reactions have continued to trail the news of the resumption of oil refining at the Port Harcourt refinery. While some Nigerians have commended the resumption of production of refined petroleum products from the 60,000 barrels per day (bpd) old Port Harcourt refinery,

November 27, 2024

Port Harcourt Refinery Will Produce Only 10% Of Total Demand - Expert

Business·News·Oil & Gas

Port Harcourt Refinery Produces Only 10% Of PMS Total Demand – Expert

As the resumption of production at the Port Harcourt Refinery is being celebrated, experts have warned that more efforts should be put in place to rehabilitate other existing ones and boost local production. The Nigeria National Petroleum Company Limited (NNPCL), on Tuesday,

November 27, 2024

CBN Raises Benchmark Interest Rate To 26.75% Amid Soaring Inflation

Business·Finance & Economy

Inflation: CBN Raises Interest Rate To 27.5%

In response to the resurgence of inflationary pressure on Nigeria’s economy, the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC), has again raised the Monetary Policy Rate (MPR), also known as the benchmark interest rate. The CBN’s MPC resolved at the

November 27, 2024

Business·News·Oil & Gas

NNPCL Announces Resumption Of Production At Port Harcourt Refinery

The Nigeria National Petroleum Company Limited (NNPCL) on Tuesday announced that the Port Harcourt Refinery has finally begun production of refined petroleum products. A video shared on social media showed trucks driving into the refinery ‘s gantry apparently to load petroleum products.

November 26, 2024

Naira Falls Against Dollar Across FX Markets

Business·Currency·Markets·News

Naira Slips To ₦1,675 Per Dollar At Official Market

The naira opened the new week on a negative note as it depreciated at the official market. The exchange rate rose to ₦1675.62 per dollar at the close of trading on Monday, 25th November 2024, according to the Nigeria Autonomous Foreign Exchange

November 26, 2024

Port Harcourt Refinery Shutdown: Marketers Call On Minister, NNPCL GCEO To Intervene

Business·FEATURES·News·Oil & Gas

Nigeria’s Refinery Privatisation: A Step Toward Energy Security?

Restructuring Nigeria’s Energy Backbone For over 40 years, Nigeria’s state-owned refineries have largely remained dormant. Despite injecting trillions of naira into maintenance, the facilities in Port Harcourt, Warri, and Kaduna have failed to deliver. Now, the government is embarking on an ambitious

November 26, 2024

Port Harcourt, Warri Refineries To Be Privatized- Nigerian Govt

Business·News·Oil & Gas

Port Harcourt, Warri Refineries To Be Privatised- Nigerian Govt

Key Move to Address Petrol Supply Challenges The Nigerian presidency has announced a decisive move to privatise the country’s state-owned refineries, including the Port Harcourt, Warri, and Kaduna facilities. The plan aims to address decades of inefficiency and heavy reliance on imported

November 25, 2024

Dangote Refinery Fuel Distribution Expands with New Partner

Business·News·Oil & Gas

Dangote Refinery To Supply 28m Litres Daily To Domestic Market

Oil Marketers Sign Six-Month Agreement with Dangote Refinery Oil marketers have finalised a six-month agreement with Dangote Refinery to supply 28 million litres of petrol daily, ensuring consistent domestic availability. The $20 billion refinery, located on the outskirts of Lagos, has also

November 25, 2024

NUPRC Data Contradicts NNPC’s 1.8m bpd Celebrated Output Figures, Indicates 1.53m Daily Production

Business·FEATURES·News·Oil & Gas

Production Puzzles: Confusion Over NUPRC’s 1.538m bpd Data vs. NNPC’s 1.8m Claim

Contradictory Figures Emerge Nigeria’s crude oil production data has once again brought confusion to the industry. While the Nigerian National Petroleum Company Limited (NNPC) celebrated a daily output of 1.8 million barrels per day (bpd) of crude oil and condensate, figures from

November 25, 2024

Dangote Refinery To Start Processing Only Nigerian Oil By Year End

Business·News·Oil & Gas·Top Stories

Dangote Refinery: Revolution Or Restriction For Nigeria’s Oil Market?

The recent directive from the Nigerian National Petroleum Company Limited (NNPC) to oil marketers has sparked conversations about the future of fuel supply in Nigeria. The directive mandates that petrol importation be halted, with the Dangote Refinery positioned as the primary source

November 24, 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 68

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

PH Refinery: Are You Blending Or Refining Crude Oil? Nigerians Ask NNPCL

Port Harcourt Refinery Produces Only 10% Of PMS Total Demand – Expert

Inflation: CBN Raises Interest Rate To 27.5%

NNPCL Announces Resumption Of Production At Port Harcourt Refinery

Naira Slips To ₦1,675 Per Dollar At Official Market

Nigeria’s Refinery Privatisation: A Step Toward Energy Security?

Port Harcourt, Warri Refineries To Be Privatised- Nigerian Govt

Dangote Refinery To Supply 28m Litres Daily To Domestic Market

Production Puzzles: Confusion Over NUPRC’s 1.538m bpd Data vs. NNPC’s 1.8m Claim

Dangote Refinery: Revolution Or Restriction For Nigeria’s Oil Market?

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

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