Business Archives - Page 4 of 19

Sachet Water Producers Announce New Price Of ‘Pure Water’ Per Bag

11Mar

By SNOW TVNo Comments

Business

Sachet Water Producers Announce New Price Of ‘Pure Water’ Per Bag

The Association of Table Water Producers in Kano State has announced an upward review in the price of sachet water, popularly known as “pure water,” citing rising production costs. The development means that a bag of sachet water previously sold for ₦220 will now be sold at a minimum price of ₦300 across the state. In a statement issued on Tuesday, the Public Relations Officer of the association in Kano, Anas Idris Hassan, explained that the price adjustment became necessary following a sharp increase in the cost of key production materials. According to him, the cost of essential inputs used in producing sachet water has risen significantly, making it difficult for producers to maintain the old price. Hassan noted that the price of printing film used for packagi...

Marketers say Petrol would have reached N1,500 without Dangote refinery

11Mar

By SNOW TVNo Comments

Business

Marketers say Petrol would have reached N1,500 without Dangote refinery

Oil marketers have said the pump price of petrol in Nigeria would have climbed as high as N1,500 per litre if the country was still heavily dependent on imported refined petroleum products. According to industry players, improvements in local refining capacity, particularly the operations of the Dangote Refinery, have helped cushion the impact of rising global oil prices and supply disruptions. Marketers had earlier warned that petrol prices could climb to around N1,200 per litre due to the ongoing crisis in the Middle East, which has triggered volatility in global crude oil markets. They explained that petrol prices in Nigeria are influenced by international crude oil prices, exchange rate pressures and rising logistics costs. Over the weekend, petrol was already ...

FG signs deal to host 2027 Intra-African trade fair in Lagos

11Mar

By SNOW TVNo Comments

Business, NEWS

FG signs deal to host 2027 Intra-African trade fair in Lagos

The Federal Government has signed the hosting agreement for the fifth Intra-African Trade Fair 2027, with Lagos selected as the official host city for the continental event aimed at boosting trade and investment across Africa. The agreement was signed on Tuesday in Lagos in partnership with the African Export-Import Bank, the African Union Commission and the African Continental Free Trade Area Secretariat. The event also marked Nigeria’s formal takeover of the hosting baton from Algeria, which hosted the fourth edition of the fair that generated $49.94bn in trade and investment deals. Scheduled to take place from November 5 to 11, 2027, IATF2027 is targeting $50bn in trade and investment deals, 100,000 visitors, 2,500 exhibitors and participation from more than 100 countries. ...

President Tinubu orders quick rollout of 100,000 CNG kits to ease fuel hike pressure

11Mar

By SNOW TVNo Comments

Business

President Tinubu orders quick rollout of 100,000 CNG kits to ease fuel hike pressure

President Bola Tinubu has directed the immediate deployment of about 100,000 compressed natural gas (CNG) conversion kits nationwide to cushion the impact of rising fuel prices on Nigerians, following the escalation of conflict in the Middle East. The executive chairman of the Presidential Initiative on Compressed Natural Gas (Pi-CNG), Ismaeel Ahmed, disclosed this after a meeting with the President at the State House, Abuja on Tuesday, March 10. Ahmed said the President's directive is part of a broader push by the Federal Government to cut transportation costs and expand alternative energy use amid global oil market volatility triggered by the ongoing United States–Israel war with Iran. “The President, as usual, is always trying to get information on what is going on, especi...

Nigeria’s Non-Oil Exports climb to N12.36 trillion in 2025 – NBS

11Mar

By SNOW TVNo Comments

Business

Nigeria’s Non-Oil Exports climb to N12.36 trillion in 2025 – NBS

Nigeria recorded a major increase in non-oil exports in 2025, with total earnings reaching N12.36 trillion between January and December, according to new data from the National Bureau of Statistics. The latest Foreign Trade in Goods Statistics report shows the figure rose sharply from N9.09 trillion in 2024, signaling stronger export activity outside the country’s traditional oil sector. The development reflects ongoing efforts by policymakers in Nigeria to diversify the economy by expanding exports in agriculture, manufacturing, and solid minerals, reducing the country’s long-standing dependence on crude oil revenue. Recent export trends show fluctuations before the current surge. Non-oil exports stood at N3.14 trillion in 2022, before dropping to N2.56 trillion in 2023. The ...

Egypt raises fuel prices up to 30% as Middle East war bites

10Mar

By SNOW TVNo Comments

Business

Egypt raises fuel prices up to 30% as Middle East war bites

Egypt has raised domestic fuel prices by up to 30 percent, citing “exceptional” global energy pressures linked to the ongoing Middle East conflict that has disrupted oil supplies and shipping routes. The increases were announced on Tuesday, March 10, by the Egyptian Ministry of Petroleum and Mineral Resources and apply to gasoline, diesel and natural gas used in vehicles. In a statement, the ministry said the price adjustments were driven by disruptions in global supply chains, rising geopolitical risks and increased maritime shipping and insurance costs, which have pushed petroleum product prices to levels not seen in years. Global oil markets have been volatile during the conflict involving Israel, Iran and the United States. Oil prices briefly climbed above $119 per barrel ...

Dollar To Naira Exchange Rate Today, March 10th, 2026

10Mar

By SNOW TVNo Comments

Business

Dollar To Naira Exchange Rate Today, March 10th, 2026

Dollar to Naira Exchange rate What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 9th March, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira today in the black market? Dollar to naira exchange rate today black market (Aboki dollar rate): The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1420 and buy at ₦1400 on Monday 9th March, 2026, according to sources at Bureau De Change (BDC). Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in&n...

BREAKING : FAAN issues 100,000 airport access cards

10Mar

By SNOW TVNo Comments

Business

BREAKING : FAAN issues 100,000 airport access cards

The Managing Director of the Federal Airports Authority of Nigeria (FAAN), Mrs Olubunmi Kuku, has confirmed that over 100,000 airport access cards have been issued across the country. This is part of the ongoing efforts to implement the Federal Government’s cashless policy at airport tollgates. Kuku revealed on Monday, that 62,000 of the cards were issued within just three days of enforcing the cashless policy at airports, a development that turned chaotic as the rollout of the policy at major airports triggered disruptions. The development comes as motorists have continued to enjoy free access into Nigerian airports for the past five days after President Bola Tinubu ordered that the airport gates be thrown open in response to the disruption caused by the policy’s enforcement. ...

BREAKING : Again, Dangote Refinery hikes petrol price to N1,175

9Mar

By SNOW TVNo Comments

Business

BREAKING : Again, Dangote Refinery hikes petrol price to N1,175

The cost of goods and services across Nigeria is expected to rise further following a fresh increase in petrol prices after the Dangote Petroleum Refinery raised the gantry price of Premium Motor Spirit to N1,175 per litre, marking the third upward adjustment within a week. The latest price revision comes hours after The PUNCH projected that petrol prices could rise for the third time within a week following the temporary suspension of petrol sales at the refinery on Sunday. The refinery announced the price hike to marketers on Monday, raising the gantry price of Premium Motor Spirit to N1,175 per litre from N995 per litre announced on Friday, representing an increase of N180 or about 18.1 per cent within three days. It also revised the gantry price of Automotive Gas Oil, commonly...

China considers buying US crude as Middle East crisis bites report says

9Mar

By SNOW TVNo Comments

Business

China considers buying US crude as Middle East crisis bites report says

Chinese state-run refiners are considering resuming crude imports from the United States after a nine-month suspension, driven by the ongoing supply crisis in the Middle East, S&P Global’s Platts reported on March 9. S&P Global reports that the additional 20% tariffs on US crude remain in place, but analysts and refinery sources indicate they may be temporarily overlooked if supply disruptions continue. “Beijing may even temporarily exempt the additional tariff on US energy if the supply crisis sustains, as this will be a national emergency. “US ethane is an example — it is exempt from the additional tariff because China almost fully relies on US supply,” a Beijing-based market analyst told Platts. Last Thursday, China told its largest oil refiners to suspend ex...