Naira returns to depreciation against US dollar
The Nigerian Naira has once again slipped in value against the US dollar, raising fresh concerns about the country’s economic stability. After a brief period of recovery, the currency weakened across major foreign exchange markets, with traders attributing the decline to increased demand for dollars and limited supply. Businesses relying heavily on imported goods are […]
Naira records first appreciation against US dollar
The Nigerian Naira has finally recorded its first major appreciation against the US dollar, bringing some relief to citizens and businesses struggling with the rising cost of goods. This improvement comes after several weeks of pressure on the foreign exchange market. According to market reports, the Naira gained strength as increased dollar supply and tighter […]
Nigerian govt suspends implementation of 15% petrol import duty
The Nigerian government has announced the suspension of the planned 15% petrol import duty, following concerns over its potential impact on fuel prices and the economy. The decision comes after widespread criticism from stakeholders in the oil and energy sectors, as well as from the general public, who feared the levy would lead to higher […]
NGX records massive N2.5tn gain first time since Trump’s threat shockwave
The Nigerian Exchange (NGX) has recorded a remarkable N2.5 trillion gain, marking the first significant recovery since the economic shock caused by former U.S. President Donald Trump’s recent threats against Nigeria. The surge comes after a period of heightened investor anxiety and market volatility triggered by Trump’s designation of Nigeria as a “Country of Particular […]
20 ships arrive Lagos ports, discharge petroleum, food items – NPA
The Nigerian Ports Authority (NPA) has confirmed that 20 vessels have arrived at the Lagos ports carrying important goods for the country. According to the authority, some of the ships have already started offloading petroleum products, while others are discharging food supplies and general cargo. The arrival of these vessels comes at a crucial time, […]
Mutfwang presents N914.8 billion 2026 budget estimate to State Assembly
Plateau State Governor, Caleb Mutfwang, has officially presented a N914.8 billion budget estimate for the 2026 fiscal year to the State House of Assembly. The budget proposal focuses on improving security, developing infrastructure, boosting agriculture, and supporting economic growth across the state. Governor Mutfwang explained that the budget is designed to continue rebuilding Plateau and […]
We must be faster – Tinubu on Siemens, Nigeria nationwide electricity project
President Bola Ahmed Tinubu has called for accelerated efforts on Nigeria’s nationwide electricity project in collaboration with Siemens, emphasizing the need for speed in delivering stable power to homes and businesses across the country. Speaking on the project, Tinubu stressed that electricity is crucial for Nigeria’s economic growth, industrialization, and overall development. He urged stakeholders […]
EEDC begins free prepaid metre rollout
The Enugu Electricity Distribution Company (EEDC) has officially started the rollout of free prepaid electricity meters to its customers. This initiative is part of the company’s ongoing efforts to improve power distribution, enhance billing transparency, and ensure accurate electricity consumption tracking. According to EEDC officials, the free prepaid meters will help reduce estimated billing disputes, […]
NUPRC announces date for fresh oil bloc licensing auction in Nigeria
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the date for a fresh licensing auction of oil blocs in Nigeria. The auction aims to attract investors and boost exploration and production activities across the country’s petroleum sector. According to NUPRC, the new auction date has been set following adjustments to ensure transparency and fairness […]
39 firms drag Nigerian stock market to 4th consecutive losses
The Nigerian stock market recorded its fourth consecutive day of decline as 39 companies experienced losses, leading to a continued drop in investors’ confidence. Market experts say the downward trend is driven by sell-offs across key sectors, especially banking, industrial goods, and consumer goods. This persistent decline has increased worries among traders and analysts, who […]