Business – Green Horizon News

Nigeria Customs Denies Reports of Exchange Rate Manipulation on B’Odogwu

February 26, 2026

The Nigeria Customs Service has clarified that its Unified Customs Management System, known as B’Odogwu, does not in any way generate, substitute for, or alter foreign exchange rates used in cargo clearance valuation. The statement was made by the National Public Relations Officer of the Nigeria Customs Service, Abdullahi Maiwada, in a press release on...

Nigeria Revamps Air Cargo to Boost Non‑Oil Exports

February 26, 2026

Efforts to strengthen Nigeria’s non‑oil export capacity are taking shape through reforms in the air cargo sector that focus on infrastructure, logistics efficiency and revenue processes, industry sources say. Nigeria’s non‑oil export sector has long faced logistical challenges that limit the competitiveness of agricultural and other export goods. The Federal Airports Authority of Nigeria has...

Dangote Refinery Targets Depot Owners, Major Marketers in New Marketing Model

February 23, 2026

Dangote Refinery has resumed the sale of Premium Motor Spirit, also known as petrol, to major marketers and depot owners under a revised distribution model endorsed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The refinery’s new marketing approach shifts from the previous arrangement that allowed sales to all classes of buyers, including independent...

Raw Materials Export Soars Despite Push for Local Processing

February 23, 2026

Nigeria’s earnings from the export of raw materials rose to $1.24 billion in 2025, representing a 41 percent increase from the $880 million recorded in 2024, the National Bureau of Statistics has reported. The data forms part of the NBS “Foreign Trade in Goods Statistics” for 2025. The bureau said the increase occurred despite ongoing...

Oil Theft Networks Shift from Creeks into Communities, Security Agencies Say

February 23, 2026

Security agencies have reported that criminal networks involved in oil theft in Nigeria are increasingly operating inside civilian communities, markets and transport corridors, moving away from remote creeks and offshore areas traditionally associated with the crime. For decades, Nigeria’s oil theft crisis was linked mainly to vandalism in creeks, mangrove swamps and offshore locations in...

NNPC, Dangote Deepen Energy Alliance in Refinery Talks

February 22, 2026

The Nigerian National Petroleum Company Limited and the Dangote Group reaffirmed a strategic alliance aimed at accelerating Nigeria’s energy security and shared commercial objectives during a high-level visit to the Dangote Refinery and Petrochemical Complex in Ibeju-Lekki, Lagos State. Engr. Bashir Bayo Ojulari, Group Chief Executive Officer of NNPC Ltd, led a delegation to the...

Customs Hand Over Seized Fuel Worth N40.7m to NMDPRA

February 21, 2026

The Nigeria Customs Service handed over 1,650 jerrycans of Premium Motor Spirit, worth N40.7 million, to the Nigerian Midstream and Downstream Petroleum Regulatory Authority at a ceremony in Ikeja, Lagos. Comptroller‑General of Customs, Mr Bashir Adewale Adeniyi, spoke with journalists at the handover event held at the Customs Training College. The jerrycans were part of...

NSDC, Lee Group to Set Up Massive Sugar Project in Niger State

February 20, 2026

The Nigerian Sovereign Debt Management Office and Lee Group have signed a joint venture agreement to develop a large-scale sugar project in Niger State, the agencies said. The agreement was signed in Abuja, where officials from the Nigerian Sovereign Debt Management Office (NSDC) and executives from Lee Group reaffirmed their commitment to expanding Nigeria’s sugar...

FX for Business Travels Soars by 366% to $672m in 2025

February 19, 2026

Foreign exchange allocated for business travel rose sharply by 366 percent to $672.23 million in 2025, up from $144.25 million in 2024, according to figures published in the Central Bank of Nigeria’s Statistical Bulletin. The data form part of the CBN’s external sector statistics, which track foreign exchange utilisation across various categories, including travel, transport,...

Major Banking Merger Nears Completion as Unity, Providus Secure Approvals

February 18, 2026

The proposed merger between Unity Bank Plc and Providus Bank Limited is progressing steadily after securing strong backing from shareholders and key regulatory agencies, the banks said. The transaction, which aims to combine the operations of both banks, has received full endorsement from the Central Bank of Nigeria and a “no objection” from the Securities...

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Nigeria Customs Denies Reports of Exchange Rate Manipulation on B’Odogwu

February 26, 2026

Nigeria Revamps Air Cargo to Boost Non‑Oil Exports

February 26, 2026

Gov Aiyedatiwa vs Ondo NASS Members: Tension Over 2027 Return Tickets Intensifies

February 26, 2026

The reported cold war between Ondo State Governor Lucky Aiyedatiwa and the state’s National Assembly members over return tickets ahead of the 2027 general elections deepened, a party source said. The development was disclosed in Akure amid ongoing political activities in Ondo State. The disagreement centres on the prospects of sitting federal lawmakers from the...

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Nigeria Customs Denies Reports of Exchange Rate Manipulation on B’Odogwu

Nigeria Revamps Air Cargo to Boost Non‑Oil Exports

Gov Aiyedatiwa vs Ondo NASS Members: Tension Over 2027 Return Tickets Intensifies

Makinde, Kwankwaso Hold Closed-Door Meeting in Ibadan

Latest News

Nigeria Customs Denies Reports of Exchange Rate Manipulation on B’Odogwu

Nigeria Revamps Air Cargo to Boost Non‑Oil Exports

Dangote Refinery Targets Depot Owners, Major Marketers in New Marketing Model

Raw Materials Export Soars Despite Push for Local Processing

Oil Theft Networks Shift from Creeks into Communities, Security Agencies Say

NNPC, Dangote Deepen Energy Alliance in Refinery Talks

Customs Hand Over Seized Fuel Worth N40.7m to NMDPRA

NSDC, Lee Group to Set Up Massive Sugar Project in Niger State

FX for Business Travels Soars by 366% to $672m in 2025

Major Banking Merger Nears Completion as Unity, Providus Secure Approvals

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Nigeria Customs Denies Reports of Exchange Rate Manipulation on B’Odogwu

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