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Finance & Economy - Page 86

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 Appreciates, Ends Week Positive Across Official, Black Markets

Business·Finance & Economy

Social Contract, Economic Reforms And The Drive For $1 Trillion Economy

At a public function in Lagos two weeks ago, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, gave startling revelations on the weaknesses and inadequacies of our tax system and came up with a damning verdict that

October 3, 2024

Naira Falls Against Dollar Across FX Markets

Business·Currency·Markets·News

Naira Crashes To N1,700/$ After October 1 Public Holiday

Nigerian naira crashed to almost N1,700 at the official segment of the foreign exchange market after the 64th Independence Day anniversary holiday. According to the Nigeria Autonomous Foreign Exchange Market (NAFEM) data published on the FMDQ Securities and Exchange platform, the naira

October 3, 2024

Saudi Arabia Issues Warning Of $50 Oil Price If OPEC+ Nations Fail To Comply

Business·News·Oil & Gas·World News

Saudi Issues Warning Of $50 Oil Price If OPEC+ Nations Fail To Comply

Saudi Arabia has issued a serious warning to its fellow members of the Organisation of the Petroleum Exporting Countries (OPEC) and its allies, commonly known as OPEC+. The Kingdom warned that oil prices could fall as low as $50 per barrel if

October 3, 2024

Business·News·Oil & Gas

Nigerian Government Exempts VAT On Diesel, LNG, CNG, Electric Vehicles To Lower Energy Costs

FG Announces VAT Exemption for Diesel, LNG, CNG, and Electric Vehicles The Federal Government has introduced a new value added tax (VAT) exemption on energy products, including diesel, Liquefied Natural Gas (LNG), Compressed Natural Gas (CNG), and electric vehicles. This move is

October 3, 2024

Finance & Economy·News

Expert Highlights 3 Things Nigeria Must Do To Tackle Inflation As Money Supply Hits N107trn

There are concerns that the monetary policies being adopted by the authorities have not been effective in tackling high inflation and high money supply in the economy, hence the need to adopt more creative strategies to achieve that. Chief Economist and partner

October 2, 2024

Oil Prices Surge Amid Middle East Conflict Fears, Brent Crude Nears $80 Per Barrel

Business·News·Oil & Gas·World News

Oil Prices Rise After Iran Launches Attack On Israel

Oil prices have risen sharply as escalating tensions between Iran and Israel raise concerns over potential disruptions to crude production. Brent crude futures increased by $1, or 1.36%, reaching $74.56 per barrel in early trading. The U.S. West Texas Intermediate (WTI) crude

October 2, 2024

Fresh Petrol Price Hike Stokes Fears Of Further Inflation Spike In Nigeria

Business·News·Oil & Gas

Petrol Import Dropped By 13.77% In 2023 – NBS

Importation of Premium Motor Spirit (PMS) also known as petrol in Nigeria dropped by 13.77 per cent from 23.54 billion litres in 2022 to 20.30 billion litres in 2023. This means PMS importation decreased by 3.5 billion litres last year. This was

October 2, 2024

Port Harcourt Refinery Fails to Meet Production Deadline After 7th Postponement In 2024, NNPC Remains Silent

Business·News·Oil & Gas

Port Harcourt Refinery Misses 7th Production Deadline, NNPC Remains Silent

The Port Harcourt Refinery in Rivers State has once again failed to commence operations, despite multiple promises from the Nigerian National Petroleum Company Limited (NNPC) and the Ministry of Petroleum Resources. This marks the seventh postponement of the refinery’s production, with the

October 2, 2024

Finance & Economy·News

Nigeria At 64: Our Economy Undergoing Reforms To Serve Us Better – Tinubu

Nigeria’s President Bola Ahmed Tinubu, has said that the economy is undergoing necessary reforms to serve the citizens better and more sustainably. The president stated this on Tuesday morning during his nationwide broadcast to mark the country’s 64th independence anniversary. The president,

October 1, 2024

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025

Currency·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st 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 1, 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 86

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

Social Contract, Economic Reforms And The Drive For $1 Trillion Economy

Naira Crashes To N1,700/$ After October 1 Public Holiday

Saudi Issues Warning Of $50 Oil Price If OPEC+ Nations Fail To Comply

Nigerian Government Exempts VAT On Diesel, LNG, CNG, Electric Vehicles To Lower Energy Costs

Expert Highlights 3 Things Nigeria Must Do To Tackle Inflation As Money Supply Hits N107trn

Oil Prices Rise After Iran Launches Attack On Israel

Petrol Import Dropped By 13.77% In 2023 – NBS

Port Harcourt Refinery Misses 7th Production Deadline, NNPC Remains Silent

Nigeria At 64: Our Economy Undergoing Reforms To Serve Us Better – Tinubu

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st October 2024

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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

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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

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

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Finance & Economy - Page 86

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