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Finance & Economy - Page 167

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

Business·Finance & Economy

Experts Call For Local Production To Strengthen The Naira

Experts have pointed out that local productivity can strengthen the Naira. This is coming as Nigerians continue to decry the unending depreciation of the Naira in spite of monetary policy initiatives by the Central Bank of Nigeria (CBN) to strengthen the currency.

October 24, 2023

Finance & Economy·News

Lagos, Rivers, FCT Lead As States Generate N1.93tn – NBS

Lagos, Rivers, and the Federal Capital Territory (FCT) emerged as the frontrunners in state-generated revenue, with a collective total of N1.93 trillion in 2022. Data released by the National Bureau of Statistics (NBS) on Monday revealed that the nation’s states saw their

October 24, 2023

Business·Currency

Kenyan Shilling Hits Low At 150 To US Dollar Amid Economic Challenges

The Kenyan shilling, battling multiple economic headwinds, reached an unprecedented low of 150 shillings to the US dollar on Monday, exacerbating the financial woes of Kenyan citizens grappling with soaring inflation and new taxes. The shilling has been on a sustained decline

October 24, 2023

Tinubu Threatens To Shock Naira Speculators With N500/$1 Exchange Rate

Finance & Economy

Tinubu Vows To Re-float Nigeria’s Economy After Floating Naira

As the naira continues its free fall exchanging N1200/$1 today in the parallel market owing to the floating of the currency mid-June, President Bola Tinubu has vowed to clear foreign exchange contracts backlog discouraging investor confidence. Speaking at the ongoing Nigeria Economic

October 23, 2023

Naira Appreciates To N869/$1 As Experts Debate Stability

Business·Currency·News

Naira Drops Further To N1,186/$1 Amid Nigeria’s Economic Turbulence

In the backdrop of a turbulent week for Nigeria’s economy, the naira witnessed a fresh low of N1,186 against the US dollar in the unofficial market. This decline can be attributed to the demand for the greenback. An interesting twist in this

October 22, 2023

Agro-Economy·Business

Nigeria’s Palm Oil Imports From Malaysia Soar By 65.3% In 2023

Nigeria’s palm oil imports from Malaysia, a global palm oil giant, surged by 65.3% during the first nine months of 2023. READ ALSO: Nigeria Fails To Pluck Low-hanging Fruits, Imports N300bn Palm Oil In 6 Years According to data from the Malaysian Palm

October 22, 2023

Finance & Economy·News

Nigerian Govt Restructures CBN Debt To N4.36tn In 2023

The Nigerian government has restructured its debt to the Central Bank of Nigeria (CBN), resulting in a reduction of the owed amount to N4.36 trillion as of June 2023, according to data from the CBN’s quarterly statistical bulletin. This change follows

October 22, 2023

Fresh Petrol Price Hike Stokes Fears Of Further Inflation Spike In Nigeria

Business·News·Oil & Gas

Petrol Price Jumped To N626.21 In September – NBS

NBS) on Saturday disclosed that the average retail price of a litre of premium motor spirit (otherwise called petrol) increased from N191.65 in September 2022 to N626.21 in September 2023.

October 21, 2023

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

Business·Currency·News

ACTN Tasks Nigerian Govt On Tackling Widening Naira-Dollar Disparity

The Association of Corporate Treasurers of Nigeria (ACTN) has voiced their concern about the ongoing depreciation of the Naira against the dollar.

October 21, 2023

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business·Currency

Naira Exchange Rate Dips 5.4% To N808/$ Official, N1,170/$1 Black Market

The naira has experienced a 5.4% decline affecting both the official and black markets. The official rate on the NAFEM closed at N808/$1, while the parallel market saw N1170/$1. This downturn marks a new low for the Naira, as it hasn’t faced

October 21, 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 167

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

Experts Call For Local Production To Strengthen The Naira

Lagos, Rivers, FCT Lead As States Generate N1.93tn – NBS

Kenyan Shilling Hits Low At 150 To US Dollar Amid Economic Challenges

Tinubu Vows To Re-float Nigeria’s Economy After Floating Naira

Naira Drops Further To N1,186/$1 Amid Nigeria’s Economic Turbulence

Nigeria’s Palm Oil Imports From Malaysia Soar By 65.3% In 2023

Nigerian Govt Restructures CBN Debt To N4.36tn In 2023

Petrol Price Jumped To N626.21 In September – NBS

ACTN Tasks Nigerian Govt On Tackling Widening Naira-Dollar Disparity

Naira Exchange Rate Dips 5.4% To N808/$ Official, N1,170/$1 Black Market

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

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Finance & Economy - Page 167

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