Business

Naira trades at ₦1,366/$ in official FX market

The naira exchanged at ₦1,366.41 per dollar at the official Nigerian Foreign Exchange Market (NFEM) on Tuesday, as improved liquidity and foreign inflows supported the currency.Data from the NFEM...

Pax Silica Summit to be held June 25 and 26

On June 25 and 26, at the U.S. Department of State, Under Secretary of Economic Affairs Jacob Helberg...

Shocking: Dangote Refinery Supplies 88% of Nigeria’s Petrol

Dangote Petroleum Refinery supplied 87.55 percent of Nigeria's petrol in May 2026, reinforcing its position as the country's...

A’Ibom Blue Economy Ministry will drive growth, investments – Stakeholders

By Dianabasi Effiong Maritime development experts and stakeholders have called on the Akwa Ibom State Government to establish a...

Nigeria: SEDC will need protection from political extortion

By Chidi Anselm Odinkalu President Bola Ahmed Tinubu, during the presentation of his budget proposals for 2024 to Nigeria’s National Assembly, the...
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Why Dabiri-Erewa urges media practitioners to promote Diaspora investment

Hon. Abike Dabiri-Erewa, Chairman/CEO, Nigerians in Diaspora Commission,(NIDCOM), has stressed the importance of recognising the accomplishments and challenges faced by Nigerians living abroad, as they play significant roles in shaping the nation's image globally as well as encourage them to invest back home through positive narratives of their homeland.

How CBN concludes sale of N1trn govt securities

The Apex bank, the Central Bank of Nigeria (CBN) says it has concluded a sale of government securities, issuing N1.053 Trillion (US$680 million) in...

Nestlé Nigeria 2025 9-month results: Growth, Momentum, Sustained profitability

Nestlé Nigeria PLC has announced strong financial results in its 9-month report, driven by high growth.  Key highlights for January to September 2025 Results...

Unified exchange rate, independent power generation solve 45% problems – Expert

A manufacturer, Mr Christopher Enemuo says that the policy on unified exchange rate and independent power generation has solved about 45 per cent of the problems faced by manufacturers in the country.

Why TAJBank records highest Tier-1 capital, PBT

TAJBank Limited, Nigeria’s non-interest bank has recorded the highest Tier-1 capital in the non-interest banking sub-sector in the first half of 2023.

FG orders implementation of 50% automatic deduction from agencies’ IGR

The federal government has directed the Office of the Accountant General of the Federation (OAGF) to immediately commence the presidential directives on 50 per cent automatic deduction from the internally generated revenue (IGR) of Federal Government Owned Enterprises (FGOEs).
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