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Finance & Economy - Page 81

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

Petrol Not Cheap In Nigeria, IPMAN Counters Dangote

Business·News·Oil & Gas

NNPCL, IPMAN Agree On New Petrol Price Of N995 Per Litre, Fuel Supply Resumes

The Nigerian National Petroleum Company Limited (NNPCL) and the Independent Petroleum Marketers Association of Nigeria (IPMAN) have agreed on a new ex-depot price of N995 per litre for petrol. This decision has led to the resumption of fuel loading at depots nationwide,

October 16, 2024

Business·News·Oil & Gas

Nigeria’s Oil Production Declines By 33,000 Barrels As OPEC Reports Setback

Nigeria’s crude oil output dropped by 33,000 barrels in September Nigeria’s crude oil production in September fell by 33,000 barrels to an average of 1.405 million barrels per day (bpd), according to the latest report from the Organisation of the Petroleum Exporting

October 15, 2024

Fuel Price Hike: Nigeria’s Economic Reforms At The Cost Of The Masses’ Daily Struggles

Business·FEATURES·News·Oil & Gas

Fuel Price Hike: Economic Reforms At The Masses Expense

The surge in fuel prices in Nigeria, following the removal of fuel subsidies by the Nigerian National Petroleum Corporation Limited (NNPCL), has stirred widespread concern. With fuel prices climbing from N885 to N998 in Lagos and N897 to above N1,000 in different

October 15, 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, 15th October 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

October 15, 2024

Chidoka Faults Nigeria's Quota System In School Admissions

Business·News·Oil & Gas

Fuel Cost: Nigerian Workers’ Income Too Low To Sustain Consumption – Chidoka

Former Minister of Aviation, Osita Chidoka, has observed that fuel prices in Nigeria may not be high when compared to global standard prices, but the problem is that the income of the average citizen is very low and can’t cover consumption on

October 15, 2024

Business·News·Oil & Gas

Petrol Smugglers Profited N17 Million per Truck Under Subsidy Regime – NNPCL

NNPCL’s Group Chief Executive Officer Reveals Major Losses from Smuggling The Nigerian National Petroleum Corporation Limited (NNPCL) has revealed that during the fuel subsidy regime, petrol smugglers were making enormous profits, with each 6,000-litre truck fetching them up to N17 million when

October 14, 2024

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

Business·News·Oil & Gas

NNPCL Under Fire To Remove ‘Hidden Levies’ On Dangote Fuel Prices

The Nigeria National Petroleum Company Limited (NNPCL) has been urged to remove unnecessary charges that are inflating the cost of fuel supplied by Dangote Refinery in the country. A group known as the Coalition for Energy Reforms and Good Governance Advocacy said

October 14, 2024

Business·FEATURES·News·Oil & Gas

Trekking Through Inflation: Nigerians Struggle With Rising Petrol Prices

Since the fuel subsidy removal on May 29, 2023, Nigerians have faced soaring petrol prices disrupting daily life and pushing many into financial hardship. With fuel costs climbing, inflation has surged, making basic necessities, especially transportation, unaffordable for most people. This report

October 14, 2024

SERAP Urges Tinubu To Reverse Second Petrol Price Hike By NNPC Amid Ongoing Court Case

Business·News·Oil & Gas

SERAP Urges Tinubu To Reverse Second Petrol Price Hike By NNPC Pending Court Verdict

SERAP Challenges Petrol Price Hike in Court The Socio-Economic Rights and Accountability Project (SERAP) has expressed deep concerns over the recent increase in petrol prices by the Nigerian National Petroleum Company (NNPC) Limited. In an open letter dated October 12, 2024, SERAP

October 14, 2024

Business·FEATURES·News·Oil & Gas

Crude Oil: Nigeria’s Blessing or Curse?

Blessed with one of the most coveted resources on the planet, crude oil, Nigeria should be swimming in wealth. However, the reality on the ground paints a different picture, where the nation’s crude oil resources seem more of a burden than a

October 13, 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 81

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

NNPCL, IPMAN Agree On New Petrol Price Of N995 Per Litre, Fuel Supply Resumes

Nigeria’s Oil Production Declines By 33,000 Barrels As OPEC Reports Setback

Fuel Price Hike: Economic Reforms At The Masses Expense

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 15th October 2024

Fuel Cost: Nigerian Workers’ Income Too Low To Sustain Consumption – Chidoka

Petrol Smugglers Profited N17 Million per Truck Under Subsidy Regime – NNPCL

NNPCL Under Fire To Remove ‘Hidden Levies’ On Dangote Fuel Prices

Trekking Through Inflation: Nigerians Struggle With Rising Petrol Prices

SERAP Urges Tinubu To Reverse Second Petrol Price Hike By NNPC Pending Court Verdict

Crude Oil: Nigeria’s Blessing or Curse?

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

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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

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

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Finance & Economy - Page 81

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