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Finance & Economy - Page 73

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·FEATURES·Finance & Economy

Top 25 Nigerian States With High Dependence On FAAC Allocations For Revenue

Nigerian states’ dependence on the Federation Account Allocation Committee (FAAC) allocations for revenue has remained a significant issue for their fiscal sustainability. FAAC allocations are funds distributed from the federal government to state and local governments, with oil crude sales being the

November 11, 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, 10th November 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

November 10, 2024

Worries As Oil Price Crash, Low Production Threaten Nigeria’s 2025 Budget

Business·News·Oil & Gas

Nigeria’s Oil Import Drops By 35% In Q2 Amid Shift In Energy Policy

Oil Import Decline Reflects Policy Shifts Nigeria’s oil import expenditure sharply dropped by 35% in the second quarter of 2024, with imports amounting to $2.79 billion, a decrease from $4.31 billion recorded in Q1. This trend, reported by the Central Bank of

November 10, 2024

Dangote Refinery To Start Processing Only Nigerian Oil By Year End

Business·News·Oil & Gas

South Africa, Angola, Namibia, 4 Others Set to Lift Fuel from Dangote Refinery

Dangote Refinery to Supply Fuel Across Africa The Dangote Refinery and Petrochemical plant is set to become a major fuel supplier for various African nations, starting with South Africa, Angola, and Namibia. The 650,000-barrel-per-day facility is in advanced negotiations with these nations,

November 9, 2024

Tenants Panic As Landlords Blame Rent Hikes On Nigeria's Inflation Rate, Fuel Costs

Business·FEATURES·News·Oil & Gas·Top Stories

Tenants Panic As Landlords Blame Rent Hikes On Inflation Rate, Fuel Costs

Nigeria’s Inflation Rate: The Impact on Lagos House Rents Nigeria’s inflation rate has surged to 32.7% in recent months, affecting essential commodities intensely. For tenants and landlords in Lagos, however, these numbers are now more than abstract statistics—they are reshaping lives and

November 9, 2024

Naira vs Dollar: What To Expect This Week (24th-30th, March 2025)

Business·Currency·Markets·News

Naira Ends Week With Loses Despite Surge In Dollar Supply

The Nigerian Naira recorded a significant depreciation at the foreign exchange market on Friday, 8 November, ending the week on a negative note. According to the Nigeria Autonomous Foreign Exchange Market (NAFEM) data published on the FMDQ Securities and Exchange platform, the

November 9, 2024

Business·Currency·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 9th November 2024

November 9, 2024

Business·Currency·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 8th November 2024

November 8, 2024

Rising Flames: How Petrol Price Hikes Are Burning Holes In Nigerians’ Pockets

Business·FEATURES·News·Oil & Gas·Top Stories

Rising Flames: How Petrol Price Hikes Burn Holes In Citizens Pockets

Another Petrol Price Hike Hits Nigerians Nigeria is grappling with yet another petrol price hike, a rise that has sent shockwaves through households, businesses, and the economy at large. The price of petrol has now soared to an unprecedented N1,060 per litre

November 8, 2024

Business·News·Oil & Gas

Marketers Kick Against Dangote Monopoly, Insist On Continued Petrol Imports

Marketers Warn Against Dangote Monopoly in Nigeria’s Petroleum Sector Three oil marketers, AYM Shafa Limited, A.A. Rano Limited, and Matrix Petroleum Services Limited, are calling for continued petrol imports in Nigeria, opposing Dangote Refinery’s request for exclusive control over the nation’s petroleum

November 7, 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 73

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

Top 25 Nigerian States With High Dependence On FAAC Allocations For Revenue

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 10th November 2024

Nigeria’s Oil Import Drops By 35% In Q2 Amid Shift In Energy Policy

South Africa, Angola, Namibia, 4 Others Set to Lift Fuel from Dangote Refinery

Tenants Panic As Landlords Blame Rent Hikes On Inflation Rate, Fuel Costs

Naira Ends Week With Loses Despite Surge In Dollar Supply

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 9th November 2024

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 8th November 2024

Rising Flames: How Petrol Price Hikes Burn Holes In Citizens Pockets

Marketers Kick Against Dangote Monopoly, Insist On Continued Petrol Imports

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

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

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

INEC Clarifies Rationale for 2027 General Election Dates, Signals Possible Review After Stakeholder Concerns

Elumelu Presses Tinubu on Power-Sector Debts

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

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

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Finance & Economy - Page 73

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