Business
Meta set to charge WhatsApp Business messages from October 1
For example, a Nigerian fintech company sending 500,000 chargeable utility messages could incur about $5,050 in fees from Meta alone, excluding charges that may come from third-party providers or software platforms used to manage the messaging service.
Businesses using Meta’s WhatsApp Business Platform will begin paying for certain messages sent to customers from October 1, 2026, under a new pricing structure announced by the company.
The change applies to organisations that use the WhatsApp Business Platform, formerly known as the WhatsApp Business API, to manage customer communication on a large scale.
Regular WhatsApp users and small businesses using the standard WhatsApp Business app are not the main targets of the new charges.
Under the revised system, the amount businesses pay will depend on the type of message being sent.
Utility messages, including payment alerts, order confirmations and other service-related updates, will cost about $0.0101 per message, while marketing messages will attract a higher fee of approximately $0.062 each.
Although the individual charges appear relatively small, companies that send large volumes of messages could see their communication expenses rise significantly.
For example, a Nigerian fintech company sending 500,000 chargeable utility messages could incur about $5,050 in fees from Meta alone, excluding charges that may come from third-party providers or software platforms used to manage the messaging service.
Business
Dangote Refinery Suspends Petrol Sales To Lagos Depots
Dangote Refinery is prioritising markets where imported products are either unavailable or less dominant, rather than adding more supply to Lagos, which receives substantial volumes of imported petrol.
Dangote Petroleum Refinery has suspended coastal sales of Premium Motor Spirit (PMS) to depot owners and importers in Lagos.
People familiar with the refinery’s operations said that the move is deliberate, aimed at redirecting locally refined petrol to areas where imported supply is scarce.
The suspension is ongoing. A source said: “The suspension of coastal sales to Lagos is still ongoing. It is aimed at redirecting products to locations where imported products are unavailable. Lagos has quite some imported petrol.”
Dangote Refinery is prioritising markets where imported products are either unavailable or less dominant, rather than adding more supply to Lagos, which receives substantial volumes of imported petrol.
The strategy is intended to ensure locally refined petrol reaches areas where it is most needed.
The decision comes amid concerns at the refinery over the volume of imported petrol entering Nigeria.
According to data available to the refinery, imported PMS accounted for about 43 per cent of total petrol supplied into Nigeria in July
Business
Naira Exchange Rates Friday, August 28
Today, the Naira Black Market exchange rate for 1 Great British Pound (GBP) is 1900 Naira. This means that you can get 1900 Naira for every 1 Pound that you exchange.
How much is 100 pounds in naira today?
At the current black market rate of 1900 per pound, 100 British Pounds = 190,000 Naira.
BLACK MARKET RATES
US Dollar (USD) Buy ₦1,405 Sell ₦1,410
Great British Pound(GBP) Buy ₦1,900 Sell: ₦1,920
EURO (EUR) Buy ₦1,595 Sell ₦1,615
Canadian Dollar (CAD) Buy ₦1,020 Sell ₦1,080
South African Rand (ZAR) Buy ₦75 Sell ₦90
Ghana CEDI (GHS) Buy ₦95 Sell ₦110
West African CFA Buy ₦2, 300 Sell ₦2, 400
CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250
CBN Exchange Rates
US Dollar (USD) ₦1,338.59
Great British Pound (GBP) ₦1,820.34
EURO (EUR) ₦1,560.12
Swiss Franc (CHF) ₦1,664 91
Chinese Yuan (CNY) ₦199.19
Japanese Yen (Yen) ₦8.40
West African CFA (XOF) ₦2.39
West African Unit Account (WAUA) ₦1,843.17
Saudi Riyal (SAR) ₦356 51
South African Rand (ZAR) ₦83.72
Business
Naira Exchange Rates Thursday, August 27
Today, the Naira Black Market exchange rate for 1 US Dollar is 1405 Naira, while the Central Bank of Nigeria (CBN) sets the official exchange rate for the Nigerian Naira against dollars at N1,343.59.
Today, the Naira Black Market exchange rate for 1 US Dollar is 1405 Naira, while the Central Bank of Nigeria (CBN) sets the official exchange rate for the Naira against dollars at N1,343.59
BLACK MARKET RATES
US Dollar (USD) Buy ₦1,405 Sell ₦1,410
Great British Pound(GBP) Buy ₦1,895 Sell: ₦1,915
EURO (EUR) Buy ₦1,595 Sell ₦1,615
Canadian Dollar (CAD) Buy ₦1,020 Sell ₦1,080
South African Rand (ZAR) Buy ₦75 Sell ₦90
Ghana CEDI (GHS) Buy ₦95 Sell ₦110
West African CFA Buy ₦2, 300 Sell ₦2, 400
CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250
CBN Exchange Rates
US Dollar (USD) ₦1,343.59
Great British Pound (GBP) ₦1,827.96
EURO (EUR) ₦1,566.09
Swiss Franc (CHF) ₦1,668.44
Chinese Yuan (CNY) ₦199.87
Japanese Yen (Yen) ₦8.43
West African CFA (XOF) ₦2. 39
West African Unit Account (WAUA) ₦1,847.86
Saudi Riyal (SAR) ₦357.84
South African Rand (ZAR) ₦84.16
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