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Finance & Economy - Page 165

Ajaero’s Arrest By DSS ‘A Brazen Act Of Lawlessness, Intimidation’ – NLC

NLC Rejects Federal Government’s ₦3 Trillion Power Sector Bailout

The Nigeria Labour Congress (NLC) has opposed plans by the federal government to grant a ₦3 trillion bailout to privately owned electricity generation companies, arguing that the move will not resolve the country’s power supply challenges. In a statement signed by its

February 20, 2026

Tinubu Condemns Violence In Rivers, Orders Police To Secure LG Council Secretariats

Business·Finance & Economy

Lithium, New Oil Tinubu Is Banking On To Refloat Nigeria’s Economy?

President Bola Tinubu recently asserted that “we have a line of sight to the foreign exchange we need to refloat this economy.”

November 1, 2023

Nigerian Naira Vs U.S. Dollar: What To Expect This Week (17th-22nd, March 2025)

Business·Currency

Naira Resists Dollar At N1,170/$ As US Fed’s Decision Looms

The Nigerian naira has crossed the black market threshold, settling at N1,170 against the US dollar in the midst of economic challenges and geopolitical turmoil. The ongoing struggles in Eastern Europe since February 2022 have cast a shadow on the country’s economy,

November 1, 2023

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Currency·News

Naira Appreciates To N815.32/$1 As Nigerian Govt Pledges To Tackle Forex Woes

The Nigerian naira experienced an upswing against the US dollar, closing at N815.32/$1 at the official market on Tuesday, October 31, 2023. This sudden resurgence represents 21.81% increase from the N993.82/$1 exchange rate recorded just a day earlier. Fluctuations in the Naira’s

November 1, 2023

Agro-Economy·News

Interesting Statistics On Nigeria’s Agricultural Sector As 2023 Gradually Winds Down

In the second quarter of 2023, the agricultural sector generated about 21 percent of Nigeria's Gross Domestic Product. The largest contribution was from crop production, which covered nearly 19 percent of the GDP

October 31, 2023

Business·Currency

CBN Denies Rumours Of Plans To Redenominate Naira

The Central Bank of Nigeria (CBN) has denied rumours about plans to redenominate the naira in 2024. In a statement signed by the Bank’s Director, Corporate Communications, Isa AbdulMumin and shared on the Bank’s X handle on Tuesday, it there is no

October 31, 2023

Naira Falls To ₦1,530/$ At Official Market After Public Holiday

Business·Currency

Naira Hits All-Time Low As Exchange Rate Dips To N993/$1 On Official NAFEM

Nigerian naira has reached an unprecedented low in the official market, as the exchange rate plummeted to N993 per US dollar on the Nigerian Foreign Exchange Market (NAFEM), marking a colossal 20.5% depreciation.

October 31, 2023

Tinubu Appoints Officials Of NCC, NIGCOMSAT, Others

Finance & Economy·News

FEC Approves N2trn Supplementary Budget, Prioritizing National Security

Monday’s Federal Executive Council (FEC) meeting presided over by President Bola Tinubu approved a supplementary budget of over N2 trillion, with an emphasis on funding national security.

October 30, 2023

ShafDB Boosts Housing in Guinea With $12 Million Line Of Credit

Real Estate

ShafDB Boosts Housing in Guinea With $12m Line Of Credit

In a move to address the housing deficit in the Republic of Guinea, Shelter Afrique Development Bank (ShafDB) has approved a $12 million line of credit for Vista Bank Guinee SA

October 30, 2023

Africa·Business·Currency

Naira, Angolan Kwanza Worst Currencies In Sub Sahara Africa, Says World Bank

latest Africa Pulse report from the World Bank has declared the Nigerian Naira and the Angolan Kwanza as the worst-performing currencies in Sub-Saharan Africa this year.

October 30, 2023

Business·Oil & Gas

African Oil Producers Gather In Abuja To Define Industry Future

In light of the impending energy transition and the diminishing financial support for the hydrocarbon sector, eighteen member nations of the African Petroleum Producers Organization (APPO) are gathering for the third Africa Local Content Roundtable to map out a course for the

October 27, 2023

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Week Ahead: Nigeria CPI Cools, US-Iran Talks & US PCE in Focus

By Lukman Otunuga In a welcome development for Nigeria’s economy,

UK Factories Warn High Energy Costs Are Driving Businesses Overseas

Inside a glass factory in north-west England, molten glass pours

African Countries With The Largest Proven Oil Reserves In 2025

Markets Fall as Iran Signals New Chance for Nuclear Talks

Global shares slipped and oil prices fell on Tuesday after

Soludo Seals Shops for Two Weeks over Monday Sit-at-Home

The Anambra State Government has sealed dozens of shops at

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Finance & Economy - Page 165

NLC Rejects Federal Government’s ₦3 Trillion Power Sector Bailout

Lithium, New Oil Tinubu Is Banking On To Refloat Nigeria’s Economy?

Naira Resists Dollar At N1,170/$ As US Fed’s Decision Looms

Naira Appreciates To N815.32/$1 As Nigerian Govt Pledges To Tackle Forex Woes

Interesting Statistics On Nigeria’s Agricultural Sector As 2023 Gradually Winds Down

CBN Denies Rumours Of Plans To Redenominate Naira

Naira Hits All-Time Low As Exchange Rate Dips To N993/$1 On Official NAFEM

FEC Approves N2trn Supplementary Budget, Prioritizing National Security

ShafDB Boosts Housing in Guinea With $12m Line Of Credit

Naira, Angolan Kwanza Worst Currencies In Sub Sahara Africa, Says World Bank

African Oil Producers Gather In Abuja To Define Industry Future

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Week Ahead: Nigeria CPI Cools, US-Iran Talks & US PCE in Focus

Agubuzu: The Igbo Monarch Who Broke the Silence

JNIM’s Incursion into Nigeria’s Security Landscape – The Emerging Threat

Nigeria Reviews MTN Group’s Acquisition of IHS Towers Over Sector Impact

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Week Ahead: Nigeria CPI Cools, US-Iran Talks & US PCE in Focus

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Soludo Seals Shops for Two Weeks over Monday Sit-at-Home

Over N1.22trn Gained As Fidson Healthcare, Jaiz Bank Lift NGX Market Cap

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Finance & Economy - Page 165

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