dangote refinery business

Business News Today: Dangote Cuts Fuel Prices Again, Nigeria Joins IEA, NDIC Begins Liquidating 46 Microfinance Banks

Nigeria’s business landscape recorded three major developments on Thursday, with fresh fuel price relief from the Dangote Petroleum Refinery, a milestone in the country’s global energy profile, and regulatory action in the banking sector. In the downstream oil sector, Dangote Petroleum Refinery announced its fourth consecutive reduction in the ex-depot price of Premium Motor Spirit…

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naira dollar

Naira Slides Further as Strong Dollar and Fed Policy Shift Pressure Nigerian Currency

The Nigerian naira has come under renewed pressure after the United States dollar strengthened sharply following a more hawkish policy signal from the US Federal Reserve, pushing the local currency into one of its weakest 12-month periods. The dollar rally was triggered by growing expectations that the Federal Reserve could maintain higher interest rates for…

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cbn fintech

CBN Orders Local Storage of Payment Data as Nigeria’s External Reserves Near $51bn Target

Nigeria’s financial sector is entering a new phase as the Central Bank of Nigeria (CBN) moves to strengthen control over the country’s digital payment ecosystem, while the nation’s foreign exchange position continues to improve. The apex bank has directed banks, fintech companies, mobile money operators, and other payment service providers to store all payment transaction…

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nigeria inflation

Nigeria’s Inflation Rises Again as Cost-of-Living Pressure Returns

Nigeria’s inflation rate has continued to draw concern after new data showed that consumer prices increased again, putting fresh pressure on households and businesses that are already dealing with rising living costs. The latest figures have renewed debate over the country’s economic recovery and the effectiveness of ongoing policy measures. The increase reflects continued pressure…

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nigerian stock market

Nigerian Stock Market Posts Strong Session as Investors Regain Confidence

The Nigerian equities market closed on a positive note on June 15, 2026, as renewed investor confidence pushed the Nigerian Exchange (NGX) All-Share Index (ASI) higher, reflecting continued recovery in the country’s capital market. Trading data from the Nigerian Exchange showed that the benchmark index recorded a modest gain during the session, supported by buying…

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