Naira strengthens to N1,800/£ against British Pound, highest level in 7 months
The Nigerian naira has continued to show resilience against the British Pound, trading around N1,800/£ in the official foreign exchange market, its strongest level against sterling since late February. In recent weeks, the naira has largely maintained a trading range of between N1,800/£ and N1,850/£, reflecting improving stability and declining volatility in the foreign exchange […]
US Consulate Targets More Tech, Investment Deals Between Nigerian Entrepreneurs and American Firms
LAGOS, NIGERIA — September 3, 2026 — The United States Consulate in Lagos has intensified efforts to facilitate technology and investment partnerships between Nigerian entrepreneurs and American businesses, as both countries seek to deepen commercial ties and unlock new opportunities in Nigeria’s rapidly expanding digital economy. The newly appointed U.S. Consul General, Brandon Hudspeth, disclosed […]
Reps Panel Uncovers 58 Bank Accounts, Probes Alleged N400m Transaction Linked to PFIPC DG
The House of Representatives Ad Hoc Committee investigating the purported Presidential Foreign Intervention Promotion Council (PFIPC) says it has uncovered about 58 bank accounts allegedly linked to the council’s Director-General, Prince Adeniyi Adeyemi, alongside an alleged N400 million transaction suspected to involve fraudulent representations. The committee said preliminary findings also showed that more than 30 […]