Business
NACCIMA’s Dele Oye To Address World Chambers Congress Next Week In Geneva
The National President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, Dele Oye, is billed to address delegates at the 13th World Chambers Congress about Nigeria’s business opportunities.
In a statement, NACCIMA said that the congress being organised by the International Chambers of Commerce (ICC), World Chambers Federation and Geneva Chambers of Commerce, is the world’s largest economic forum for chambers and businesses.
This year’s edition, with the theme, “Achieving Peace and Prosperity Through Multilateralism,” is taking place in Geneva, Switzerland, next week (June 21 -23).
It said that the congress, will bring together economic actors, business leaders, and policymakers from across the globe to exchange experiences and examine issues affecting international trade and businesses, among others with the aim of shaping the next economic era in service of peace and prosperity.
During the event, Oye, a lawyer with over 33 years of experience in litigation and business transactions, will be sharing insights into the nation’s non-oil export sector, which holds immense potential for economic growth and diversification.
The NACCIMA boss will also be providing perspectives into other diverse sectors that showcase Nigeria’s tremendous potential, including agriculture, manufacturing, and the nation’s booming creative sector, which has continued to gain global recognition, as well as the African Continental Free Trade Area, which has immense potential to foster trade, spur economic growth, and deepen cooperation within Africa.
Business
BUA Group Denies Reports of Bid to Acquire Stake in Kano Pillars Football Club
BUA Group has firmly dismissed online reports claiming that the conglomerate and its Chairman, Abdul Samad Rabiu, submitted a bid to acquire a 70% stake in Kano Pillars Football Club.
In a press statement issued on Tuesday, the company described the publication as inaccurate and misleading.
PRESS STATEMENT
Re: False Claims of Bid to Acquire Stake in Kano Pillars Football Club
Our attention has been drawn to an online publication suggesting that BUA Group and its Chairman, Abdul Samad Rabiu, have submitted a bid to acquire a 70% stake in Kano Pillars Football Club.
We would like to clarify that this report is inaccurate and does not reflect any position, action, or communication from BUA Group or Abdul Samad Rabiu. No such bid has been made, and there has been no engagement with any party on this matter.
We kindly request that this report be disregarded, and we encourage the public and members of the press to rely only on official statements issued through BUA Group’s verified channels for accurate information regarding our activities.
We appreciate the continued interest in BUA Group and thank the public for their understanding.
BUA Group reiterated its commitment to transparency and urged stakeholders to verify information through its official communication channels.

Business
Nigeria’s oil minister orders marketers to reduce fuel price
“While we believe that market forces will eventually restore equilibrium, the regulator also has a statutory responsibility to ensure that deregulation does not become an avenue for profiteering. This must be done in line with the extant provisions of the Petroleum Industry Act,”said Lokpobiri.
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, at the NMDPRA General Counsel and Legal Advisers Forum, directed petroleum marketers to reduce fuel price .
At the two-day forum themed: “Beyond Compliance: Driving Regulatory Certainty and Investment Confidence in Nigeria’s Petroleum Sector, Lokpobiri noted that refiners and marketers have continued to sell petrol at elevated pump prices despite the significant decline in crude oil prices from a peak of $120 per barrel to about $72 per barrel last week.
He said: “Following de-escalation of tensions between Iran and the United States, we expected to see a commensurate downward adjustment in the prices of PMS and other petroleum products.However, that has not yet happened.”
“While we believe that market forces will eventually restore equilibrium, the regulator also has a statutory responsibility to ensure that deregulation does not become an avenue for profiteering. This must be done in line with the extant provisions of the Petroleum Industry Act,”said Lokpobiri.
Business
Naira Exchange Rates Tuesday, 30 June 2026
BLACK MARKET RATES
US DOLLAR (USD) ₦1, 390
GREAT BRITISH POUND (GBP) ₦1,855
EURO (EUR) ₦1, 585
BLACK MARKET RATES
US DOLLAR (USD) Buy ₦1, 390 Sell ₦1, 395
GREAT BRITISH POUND (GBP) Buy ₦1,855 Sell: ₦1,870
EURO (EUR) Buy ₦1, 585 Sell ₦1,605
CANADIAN DOLLAR (CAD) Buy ₦1,030 Sell ₦1,100
SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90
UAE DIRHAM Buy ₦350 Sell ₦370
CHINESE YUAN Buy ₦180 Sell ₦200
GHANA CEDI (GHS) Buy ₦95 Sell ₦110
WEST AFRICAN CFA Buy ₦2, 380 Sell ₦2, 460
CENTRAL AFRICAN CFA Buy ₦2, 220 Sell 2,300
AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900
OFFICIAL CBN EXCHANGE RATES
US DOLLAR (USD) ₦1,383. 63
GREAT BRITISH POUND (GBP) ₦1,831.64
EURO (EUR) ₦1,578. 03
SWISS FRANC (CHF) ₦1,710.71
JAPANESE YEN (JPN) ₦8.55
CHINESE YUAN (CNY) ₦203. 65
WEST AFRICAN CFA (XOF) ₦2.40
WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,872. 07
SAUDI RIYAL (SAR) ₦368.43
SOUTH AFRICAN RAND (ZAR) ₦84.24
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