
McPathray Conglomerate
February 6, 2025 at 11:34 AM
Top Business Updates.
• Dangote Refinery and FCCPC clash in court over alleged petrol monopoly in Nigeria
• Dangote Refinery exports two cargoes of jet fuels to Saudi Arabia
• CBN limits BDCs to one dealer bank per week for $25,000 FX
• $5 Billion in Cash Hidden in Buhari’s Residence - False Report.
• Exchange rate stabilises mid-week as Naira strengthens to N1,605/$1 in parallel market
• Traders are abandoning Muhammadu Buhari International Market for the streets - High Costs
• Japa: Canada invites over 6,200 skilled workers through express entry in 2025
• Oando set to redeem promise to shareholders – Distributes 97.6billion Naira worth of additional shares
• China files WTO complaint against Trump’s new 10% tariff on imports
• Agro-Eknor debuts N5 Billion Commercial Paper Issuance to accelerate agribusiness growth and strengthen export capabilities
• Nigeria’s money market mutual fund yields average 20.58% in January: Top performers and key insights
• FG Treasury Bills attract over N3.1 trillion in subscriptions in February auction
• Over 43% of Nigerian businesses reduce workforce in 2024 – Report
• Insecurity fingered as hindrance to MSMEs’ bank financing in Nigeria
• Bitcoin dips 11% to $97.3K as TRUMP price surges 10% on Thursday
• Engineering technologists lament government’s preference for imports over local technology in Nigeria
• UAC of Nigeria achieves 109% profit increase for 2024, reports strong sales, other factors
• Nigeria Customs Service enforces 4% charge on Free On-Board import value
• Nigeria’s output growth may slip to 0.8 per cent, says report
• Capitalisation crosses N65 trillion as investors gain N322 billion
• SEC to adopt blockchain for enhanced market regulation
• NAICOM urges World Bank to explore opportunities in Nigeria
• Four oil firms post N386b profits amid uncertainty, security concerns
• NPA directs TTP to enforce export proceed policy
• NAICOM, NCAA set up joint committee on aviation insurance
• Fake Tie & Dye imports threaten survival of Adire industry
• 100 illegal miners arrested in Jos – official
• Climate change-induced heatwaves devastate Taraba yam farmers, others
• Customs seizes N4.2bn worth of endangered donkey skins, 21 vehicles
• FCMB Group lists 19.8bn shares on NGX after oversubscribed public offer
• FG charged to adopt assets-based financing for economic growth
• Investments in Mutual Funds rise 80.8% to N4.1trn
• Tinubu approves 65 years retirement age for doctors, healthcare workers
• Tinubu writes NASS, increases 2025 budget from N49.7trn to N54.2trn
• 9mobile loses 6,079 subscribers in 2 months
• FG urged to prioritise local solution to address power sector