H

THE PROJECT HERALD
The Intelligence Ledger of
Projects, Capital, Companies and Policy

Business

Dollar to Naira Today: Naira Falls to ₦1,370.46/$

Dollar to Naira Today: Naira Suffers Biggest Weekly Loss, Closes at ₦1,370.46/$

The Nigerian naira ended the week on a weaker note after recording its sharpest decline of the week at the official foreign exchange market, raising fresh concerns over the currency’s stability despite ongoing reforms aimed at improving liquidity. Data released by the Central Bank of Nigeria (CBN) showed that the naira depreciated to ₦1,370.46 against

Dollar to Naira Today: Naira Suffers Biggest Weekly Loss, Closes at ₦1,370.46/$ Read More »

NGX Reverts to 2018 Pricing Rules as ₦1,000 Stocks Need 10,000 Shares to Move Prices

NGX Reverts to 2018 Pricing Rules as ₦1,000 Stocks Now Require 10,000 Shares to Move Prices

The Nigerian Exchange Limited has reinstated elements of its 2018 market microstructure rules, bringing back a pricing methodology that affects how high priced stocks move on the trading floor. Under the revised framework, equities trading at ₦1,000 and above will require a minimum transaction of 10,000 shares before their prices can change. The threshold mirrors

NGX Reverts to 2018 Pricing Rules as ₦1,000 Stocks Now Require 10,000 Shares to Move Prices Read More »

How Nigerians Are Landing Jobs With Global Companies

How Nigerian Professionals Are Landing Jobs With International Companies

For years, working for an international company was a dream that often required relocation. Nigerians seeking global opportunities typically had to secure visas, move abroad, and start a new life in another country. Today, that reality is changing. Thanks to remote work, digital platforms, and the growing demand for skilled talent worldwide, thousands of Nigerian

How Nigerian Professionals Are Landing Jobs With International Companies Read More »

CBN Unveils New FX Rules to Boost Market Confidence

CBN Moves to Restore Confidence in Nigeria’s FX Market

The Central Bank of Nigeria (CBN) has unveiled a revised Foreign Exchange (FX) Manual aimed at improving transparency, strengthening market discipline, and restoring confidence in Nigeria’s foreign exchange market. The updated framework comes as the country seeks to stabilise economic conditions, attract investment, and address long-standing challenges that have affected the efficiency of foreign exchange

CBN Moves to Restore Confidence in Nigeria’s FX Market Read More »

Cascador Awards $5m to Nigerian Startups

Cascador Awards $5m to Nigerian Startups

Lagos, Nigeria — Cascador has announced a $5 million funding commitment to a select group of high growth Nigerian startups, in a move aimed at accelerating business expansion, innovation, and long term sustainability across the country’s entrepreneurial ecosystem. Funding to Drive Expansion and Growth The organisation said the support package is designed to help startups

Cascador Awards $5m to Nigerian Startups Read More »

Dangote Signs $800m Contract with China's Sinoma to Double Itori Cement Capacity

Dangote Refinery Hits 700,000 Bpd Processing Capacity

Lagos, Nigeria — Dangote Petroleum Refinery has successfully increased its crude oil processing capacity to 700,000 barrels per day (bpd), surpassing its official nameplate capacity of 650,000 bpd and reinforcing its position as the world’s largest single-train refinery. The milestone was achieved during a performance test conducted by the refinery’s process licensors, marking a significant

Dangote Refinery Hits 700,000 Bpd Processing Capacity Read More »

Aviation Agencies Face Cash Crunch Over Deductions

Stakeholders Warn Revenue Deductions Could Push Aviation Agencies Into Financial Crisis

Stakeholders in Nigeria’s aviation industry have raised concerns over continued government deductions from the internally generated revenue of aviation agencies, warning that the policy could push some agencies into serious financial difficulties. Industry operators, unions, and aviation experts say the deductions are reducing the funds available for critical operations, maintenance, infrastructure upgrades, and safety-related activities.

Stakeholders Warn Revenue Deductions Could Push Aviation Agencies Into Financial Crisis Read More »

Unstable Cocoa Prices Raise Fresh Concerns for Farmers

Cocoa Farmers Raise Alarm Over Persistent Price Volatility

African cocoa farmers have expressed growing concern over persistent fluctuations in global cocoa prices, warning that continued market instability is threatening livelihoods, discouraging investment, and slowing development across the cocoa value chain. The concern was raised by the Cocoa and Coffee Farmers Alliance Association of Africa (COCEFAAA) ahead of the Cocoa & Coffee Fiesta Lagos

Cocoa Farmers Raise Alarm Over Persistent Price Volatility Read More »

Great Idea, No Money: How Projects Can Still Succeed

Great Idea, No Money: How Good Projects Can Still Become Reality

Across Nigeria, thousands of promising projects never move beyond the idea stage. Some are community projects. Some are businesses. Others are educational initiatives, technology solutions, agricultural ventures, or infrastructure plans. In many cases, the problem is not a lack of ideas or ambition. The problem is funding. The question many project owners face is simple:

Great Idea, No Money: How Good Projects Can Still Become Reality Read More »