Israel Ojoko, Author at Nairametrics Destination for Business news and analysis from Africa's largest economy Tue, 08 Jul 2025 22:11:09 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Israel Ojoko, Author at Nairametrics 32 32 201037849 Dangote Refinery cuts petrol ex-depot price to N820 per litre in fresh adjustment  https://nairametrics.com/2025/07/08/dangote-refinery-cuts-petrol-ex-depot-price-to-n820-per-litre-in-fresh-adjustment/ https://nairametrics.com/2025/07/08/dangote-refinery-cuts-petrol-ex-depot-price-to-n820-per-litre-in-fresh-adjustment/#respond Tue, 08 Jul 2025 22:11:09 +0000 https://nairametrics.com/?p=518763 Dangote Petroleum Refinery has announced a further reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N840 to N820 per litre.

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]]> https://nairametrics.com/2025/07/08/dangote-refinery-cuts-petrol-ex-depot-price-to-n820-per-litre-in-fresh-adjustment/feed/ 0 518763 CBN deadline: Nigerian banks race to file capital restoration plans by July 14 https://nairametrics.com/2025/07/08/cbn-deadline-nigerian-banks-race-to-file-capital-restoration-plans-by-july-14/ https://nairametrics.com/2025/07/08/cbn-deadline-nigerian-banks-race-to-file-capital-restoration-plans-by-july-14/#respond Tue, 08 Jul 2025 17:56:31 +0000 https://nairametrics.com/?p=518736 Nigerian commercial banks are scrambling to meet the Central Bank of Nigeria’s (CBN) July 14 deadline for submission of Capital Restoration Plans, as the apex bank moves to phase out the regulatory forbearance regime introduced during the COVID-19 pandemic. 

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]]> https://nairametrics.com/2025/07/08/cbn-deadline-nigerian-banks-race-to-file-capital-restoration-plans-by-july-14/feed/ 0 518736 Trump sets August 1 tariff deadline as global trade talks intensify  https://nairametrics.com/2025/07/07/trump-sets-august-1-tariff-deadline-as-global-trade-talks-intensify/ https://nairametrics.com/2025/07/07/trump-sets-august-1-tariff-deadline-as-global-trade-talks-intensify/#respond Mon, 07 Jul 2025 14:02:09 +0000 https://nairametrics.com/?p=518649 U.S. President Donald Trump has set a new deadline of August 1 for the implementation of sweeping tariffs, giving global trading partners three additional weeks to finalize trade agreements and avoid punitive levies on exports to the United States. 

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]]> https://nairametrics.com/2025/07/07/trump-sets-august-1-tariff-deadline-as-global-trade-talks-intensify/feed/ 0 518649 Nigeria, Ghana, and SA face volatility as half of African currencies show signs of depreciation – Report  https://nairametrics.com/2025/07/05/nigeria-ghana-and-sa-face-volatility-as-half-of-african-currencies-show-signs-of-depreciation-report/ https://nairametrics.com/2025/07/05/nigeria-ghana-and-sa-face-volatility-as-half-of-african-currencies-show-signs-of-depreciation-report/#comments Sat, 05 Jul 2025 11:05:06 +0000 https://nairametrics.com/?p=518521 Nearly half of African currencies have shown signs of depreciation despite steady development across the continent, according to the latest edition of the Monthly Developments in the African Macroeconomic Environment report published by the African Export-Import Bank (Afreximbank) for June 2025. The report, which analyzed exchange rate dynamics for May 2025, revealed a mixed performance […]

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]]> https://nairametrics.com/2025/07/05/nigeria-ghana-and-sa-face-volatility-as-half-of-african-currencies-show-signs-of-depreciation-report/feed/ 2 518521 President Tinubu to address BRICS Summit on Nigeria’s economic reforms and investment drive  https://nairametrics.com/2025/07/05/president-tinubu-to-address-brics-summit-on-nigerias-economic-reforms-and-investment-drive/ https://nairametrics.com/2025/07/05/president-tinubu-to-address-brics-summit-on-nigerias-economic-reforms-and-investment-drive/#respond Sat, 05 Jul 2025 11:02:25 +0000 https://nairametrics.com/?p=518520 President Bola Tinubu has arrived in Brazil to participate in the 17th BRICS Summit of Heads of State and Government, where he is expected to deliver a keynote address on Nigeria’s ongoing economic reforms and its strategic repositioning for global competitiveness. The summit, which takes place on July 6 and 7 in Rio de Janeiro, […]

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]]> https://nairametrics.com/2025/07/05/president-tinubu-to-address-brics-summit-on-nigerias-economic-reforms-and-investment-drive/feed/ 0 518520 GTB, UBA resume international transactions on naira cards with varying spending limits  https://nairametrics.com/2025/07/04/gtb-uba-resume-international-transactions-on-naira-cards-with-varying-spending-limits/ https://nairametrics.com/2025/07/04/gtb-uba-resume-international-transactions-on-naira-cards-with-varying-spending-limits/#comments Fri, 04 Jul 2025 20:54:07 +0000 https://nairametrics.com/?p=518500 Several Nigerian commercial banks have resumed international transactions on Naira-denominated debit cards, after nearly three years of suspension, allowing customers to make payments on global platforms once again.  

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]]> https://nairametrics.com/2025/07/04/gtb-uba-resume-international-transactions-on-naira-cards-with-varying-spending-limits/feed/ 1 518500 10 African Central Banks exploring digital currencies in 2025  https://nairametrics.com/2025/07/04/10-african-central-banks-exploring-digital-currencies-in-2025/ https://nairametrics.com/2025/07/04/10-african-central-banks-exploring-digital-currencies-in-2025/#respond Fri, 04 Jul 2025 15:08:18 +0000 https://nairametrics.com/?p=518475 Currently, African countries are actively researching, piloting, or rolling out Central Bank Digital Currencies (CBDCs), a testament to the continent’s growing commitment to fintech innovation and financial inclusion.

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]]> https://nairametrics.com/2025/07/04/10-african-central-banks-exploring-digital-currencies-in-2025/feed/ 0 518475 Moody’s downgrades Afreximbank’s credit rating to Baa2, citing sovereign lending risks  https://nairametrics.com/2025/07/04/moodys-downgrades-afreximbanks-credit-rating-to-baa2-citing-sovereign-lending-risks/ https://nairametrics.com/2025/07/04/moodys-downgrades-afreximbanks-credit-rating-to-baa2-citing-sovereign-lending-risks/#comments Fri, 04 Jul 2025 09:28:37 +0000 https://nairametrics.com/?p=518442 Global credit rating agency, Moody’s, has downgraded the long-term issuer and senior unsecured ratings of the African Export-Import Bank (Afreximbank) from Baa1 to Baa2, while revising the outlook from negative to stable.  

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]]> https://nairametrics.com/2025/07/04/moodys-downgrades-afreximbanks-credit-rating-to-baa2-citing-sovereign-lending-risks/feed/ 1 518442 FG inaugurates National Credit Guarantee Company Board to boost MSME financing  https://nairametrics.com/2025/07/04/fg-inaugurates-national-credit-guarantee-company-board-to-boost-msme-financing/ https://nairametrics.com/2025/07/04/fg-inaugurates-national-credit-guarantee-company-board-to-boost-msme-financing/#comments Fri, 04 Jul 2025 06:07:56 +0000 https://nairametrics.com/?p=518440 The Federal Government has officially inaugurated the Board of Directors of the newly established National Credit Guarantee Company Limited (NCGC Ltd), an institution aimed at unlocking access to affordable financing for Nigeria’s micro, small, and medium enterprises (MSMEs). 

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]]> https://nairametrics.com/2025/07/04/fg-inaugurates-national-credit-guarantee-company-board-to-boost-msme-financing/feed/ 2 518440 NAICOM issues operational licences to SanlamAllianz Life and General Insurance to strengthen industry confidence  https://nairametrics.com/2025/07/03/naicom-issues-operational-licences-to-sanlamallianz-life-and-general-insurance-to-strengthen-industry-confidence/ https://nairametrics.com/2025/07/03/naicom-issues-operational-licences-to-sanlamallianz-life-and-general-insurance-to-strengthen-industry-confidence/#respond Thu, 03 Jul 2025 14:34:03 +0000 https://nairametrics.com/?p=518407 The National Insurance Commission (NAICOM) has formally issued operational licences to SanlamAllianz Life Insurance and General Insurance, marking a significant milestone in Nigeria's evolving insurance landscape. 

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]]> https://nairametrics.com/2025/07/03/naicom-issues-operational-licences-to-sanlamallianz-life-and-general-insurance-to-strengthen-industry-confidence/feed/ 0 518407 Nigerian Fintech Okra shuts down as Co-founder Fara Ashiru moves to UK’s Kernel https://nairametrics.com/2025/07/03/nigerian-fintech-okra-shuts-down-as-co-founder-fara-ashiru-moves-to-uks-kernel/ https://nairametrics.com/2025/07/03/nigerian-fintech-okra-shuts-down-as-co-founder-fara-ashiru-moves-to-uks-kernel/#respond Thu, 03 Jul 2025 14:10:03 +0000 https://nairametrics.com/?p=518412 Co-founder and former Chief Executive Officer of Nigerian fintech startup Okra, Fara Ashiru, has officially exited the company and joined UK-based startup Kernel as Head of Engineering.  

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]]> https://nairametrics.com/2025/07/03/nigerian-fintech-okra-shuts-down-as-co-founder-fara-ashiru-moves-to-uks-kernel/feed/ 0 518412 Nigeria urges overhaul of global financial system to reflect developing nations’ realities https://nairametrics.com/2025/07/03/nigeria-urges-overhaul-of-global-financial-system-to-reflect-developing-nations-realities/ https://nairametrics.com/2025/07/03/nigeria-urges-overhaul-of-global-financial-system-to-reflect-developing-nations-realities/#respond Thu, 03 Jul 2025 06:19:39 +0000 https://nairametrics.com/?p=518384 Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has urged the international community to recalibrate the global financial system to better serve the needs of developing economies.

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]]> https://nairametrics.com/2025/07/03/nigeria-urges-overhaul-of-global-financial-system-to-reflect-developing-nations-realities/feed/ 0 518384 IMF backs CBN’s tight monetary policy to curb inflation https://nairametrics.com/2025/07/02/imf-backs-cbns-tight-monetary-policy-to-curb-inflation/ https://nairametrics.com/2025/07/02/imf-backs-cbns-tight-monetary-policy-to-curb-inflation/#respond Wed, 02 Jul 2025 19:31:27 +0000 https://nairametrics.com/?p=518368 The International Monetary Fund (IMF) has backed the Central Bank of Nigeria’s (CBN) sustained tight monetary policy stance, describing it as a critical tool in managing inflation and safeguarding macroeconomic stability. 

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]]> https://nairametrics.com/2025/07/02/imf-backs-cbns-tight-monetary-policy-to-curb-inflation/feed/ 0 518368 Afreximbank: Nigeria, other West African countries spend $3 billion annually to import meat https://nairametrics.com/2025/07/01/afreximbank-nigeria-other-west-african-countries-spend-3-billion-annually-to-import-meat/ https://nairametrics.com/2025/07/01/afreximbank-nigeria-other-west-african-countries-spend-3-billion-annually-to-import-meat/#respond Tue, 01 Jul 2025 15:10:08 +0000 https://nairametrics.com/?p=518270 Nigeria and other West African countries collectively spend over $3 billion annually importing meat, often from distant suppliers such as Australia, despite the region’s abundant livestock resources.  

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]]> https://nairametrics.com/2025/07/01/afreximbank-nigeria-other-west-african-countries-spend-3-billion-annually-to-import-meat/feed/ 0 518270 FG to launch National Intellectual Property Policy in July to boost creative exports  https://nairametrics.com/2025/07/01/fg-to-launch-national-intellectual-property-policy-in-july-to-boost-creative-exports/ https://nairametrics.com/2025/07/01/fg-to-launch-national-intellectual-property-policy-in-july-to-boost-creative-exports/#respond Tue, 01 Jul 2025 14:33:48 +0000 https://nairametrics.com/?p=518267 The Federal Government of Nigeria will officially launch its long-awaited National Intellectual Property Policy and Strategy in July 2025, a decisive move to protect the country’s growing pool of innovators, creatives, and entrepreneurs while positioning Nigeria as a key player in the global digital content economy. 

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]]> https://nairametrics.com/2025/07/01/fg-to-launch-national-intellectual-property-policy-in-july-to-boost-creative-exports/feed/ 0 518267 Expert reveals “real reason” behind Dangote’s deployment of 4,000 CNG trucks  https://nairametrics.com/2025/06/28/expert-reveals-real-reason-behind-dangotes-deployment-of-4000-cng-trucks/ https://nairametrics.com/2025/06/28/expert-reveals-real-reason-behind-dangotes-deployment-of-4000-cng-trucks/#comments Sat, 28 Jun 2025 14:42:20 +0000 https://nairametrics.com/?p=518047 Aliko Dangote, Africa’s wealthiest businessman and President of Dangote Group, made headlines with the deployment of 4,000 Compressed Natural Gas (CNG)-powered trucks to distribute petroleum products across Nigeria.  

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]]> https://nairametrics.com/2025/06/28/expert-reveals-real-reason-behind-dangotes-deployment-of-4000-cng-trucks/feed/ 1 518047 Femi Otedola becomes the first Nigerian billionaire to commend the new tax reform laws https://nairametrics.com/2025/06/28/femi-otedola-becomes-the-first-nigerian-billionaire-to-commend-the-new-tax-reform-laws/ https://nairametrics.com/2025/06/28/femi-otedola-becomes-the-first-nigerian-billionaire-to-commend-the-new-tax-reform-laws/#respond Sat, 28 Jun 2025 12:13:36 +0000 https://nairametrics.com/?p=518037 The passage of four tax reform bills into law by President Bola Tinubu has sparked optimism among investors, with billionaire businessman Femi Otedola expressing his intention to invest more in the Nigerian economy.  

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]]> https://nairametrics.com/2025/06/28/femi-otedola-becomes-the-first-nigerian-billionaire-to-commend-the-new-tax-reform-laws/feed/ 0 518037 Afreximbank’s financing to Nigeria’s economy exceeds $50 billion – Edun  https://nairametrics.com/2025/06/28/afreximbanks-financing-to-nigerias-economy-exceeds-50-billion-edun/ https://nairametrics.com/2025/06/28/afreximbanks-financing-to-nigerias-economy-exceeds-50-billion-edun/#respond Sat, 28 Jun 2025 10:43:54 +0000 https://nairametrics.com/?p=518028 Nigeria's Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that the African Export-Import Bank (Afreximbank) has provided over $50 billion in financing to Nigeria for major projects.  

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]]> https://nairametrics.com/2025/06/28/afreximbanks-financing-to-nigerias-economy-exceeds-50-billion-edun/feed/ 0 518028 Dangote targets fertilizer self-sufficiency in Africa within 40 months to boost agricultural productivity https://nairametrics.com/2025/06/27/dangote-targets-fertilizer-self-sufficiency-in-africa-within-40-months-to-boost-agricultural-productivity/ https://nairametrics.com/2025/06/27/dangote-targets-fertilizer-self-sufficiency-in-africa-within-40-months-to-boost-agricultural-productivity/#respond Fri, 27 Jun 2025 21:52:19 +0000 https://nairametrics.com/?p=518005 President of the Dangote Group, Aliko Dangote, has announced a bold plan to make Africa self-sufficient in fertilizer supply within 40 months.

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]]> https://nairametrics.com/2025/06/27/dangote-targets-fertilizer-self-sufficiency-in-africa-within-40-months-to-boost-agricultural-productivity/feed/ 0 518005 SEC warns Nigerians against Value Growth Platform, flags it as potential Ponzi scheme  https://nairametrics.com/2025/06/27/sec-warns-nigerians-against-value-growth-platform-flags-it-as-potential-ponzi-scheme/ https://nairametrics.com/2025/06/27/sec-warns-nigerians-against-value-growth-platform-flags-it-as-potential-ponzi-scheme/#comments Fri, 27 Jun 2025 19:01:12 +0000 https://nairametrics.com/?p=518000 The Securities and Exchange Commission (SEC) has issued a public warning about Value Growth Platform, an online entity it suspects to be operating a Ponzi scheme under the guise of a legitimate investment service. 

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]]> https://nairametrics.com/2025/06/27/sec-warns-nigerians-against-value-growth-platform-flags-it-as-potential-ponzi-scheme/feed/ 2 518000