FG Defends $21.7bn Borrowing Plan, Says Funds Will Drive Infrastructure Development
ABUJA, Nigeria — The Federal Government has defended its proposed $21.7 billion supplementary external borrowing plan, describing it as a strategic investment in critical infrastructure rather than an attempt to accumulate debt. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, made the clarification while briefing State House correspondents after Wednesday’s Federal […]
Naira Exchange Rate Today: Dollar Trades at ₦1,347
LAGOS, October 29, 2026 — The naira continues to attract attention in Nigeria’s foreign exchange market as businesses and investors monitor its performance against major international currencies. Exchange Rates Today Official Market: Parallel Market (Black Market): Exchange rates may vary depending on the dealer and location. Nigerians are advised to confirm current rates before conducting […]