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Naira Falls Against Dollar In Black Market As Demand Increases In FX Market

Gap Between Official Window, Black Market Rates Now N82

February 6, 2026

The United States dollar (USD) traded at N1,366.19 kobo per $1 in the Nigerian foreign exchange market (NFEM) on Friday, February 6, similar to the N1,366.05 per USD recorded on Thursday, February 5. This was revealed in data obtained from the Central

Nigerian Stock Market Record Highest Level In 15-years, Equity Cap Up N59.90bn

Business·Top Stories

NGX Valuation Rises By N1.10trn To N110.23trn

February 6, 2026

The market capitalisation of the Nigerian Exchange (NGX), also known as the stock market, surged to N110.23 trillion on Friday, February 6, from the N109.12 trillion reached on Thursday, February 5. According to the NGX, the market capitalisation increased by N1.10 trillion

News·Oil & Gas·Top Stories

NCDMB Reaffirms Support for APPO, Africa Energy Bank

February 6, 2026

The Nigerian Content Development and Monitoring Board (NCDMB) has reiterated its commitment to supporting the African Petroleum Producers Organisation (APPO) and the newly established Africa Energy Bank (AEB), describing both institutions as critical to the future of Africa’s oil and gas industry.

News·Oil & Gas·Top Stories

Dangote Refinery Highlights Fuel Distribution Capacity, Warns of Rising Costs from Coastal Logistics

February 6, 2026

Dangote Refinery has outlined key facts about its fuel production and distribution operations, warning that increased reliance on coastal transportation could significantly raise petrol prices and impose a heavy cost burden on the Nigerian economy, Prime Business Africa reports. In a press

News

FG Targets N33.19trn Revenue in 2026 Budget, Relies Heavily on Federation Transfers

February 6, 2026

The Federal Government has projected a total revenue of N33.19 trillion in its proposed 2026 budget, with federation transfers remaining the single largest source of funding, alongside growing contributions from government-owned enterprises and independent revenues. A breakdown of the proposal, obtained from

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Court Jails Ex-NEXIM Bank MD, Roberts Orya, 490 Years for N2.4bn Fraud

February 6, 2026

A Federal Capital Territory High Court in Abuja has convicted and sentenced a former Managing Director of the Nigerian Export-Import Bank (NEXIM), Roberts Orya, to a cumulative 490 years’ imprisonment for bank fraud involving N2.4 billion, Prime Business Africa reports. Justice F.E.

News·Security·Top Stories

Türkiye Condemns Kwara Terror Attack, Pledges Support for Nigeria

February 6, 2026

The Republic of Türkiye has condemned the recent terrorist attack in Nigeria’s Kwara State, describing it as a heinous act and expressing solidarity with the country, Prime Business Africa reports. In a press release issued by Türkiye’s Ministry of Foreign Affairs on

Black Market, Official Window Dollar Rates' Gap Widens To N127 After BDCs Hike USD Price

Business·Top Stories

Dollar Rate Increases To N1,366/$ In Official Market

February 5, 2026

On Thursday, February 5, N1,366.05 per dollar was the official rate for the United States (US) currency in the Nigerian foreign exchange market (NFEM), rising above the N1,358.28 kobo per $1 reported on Wednesday, February 4. This represents a N7.72 kobo increase

Business·Top Stories

Nigerian Stock Market Cap Hits N109.12trn — up by N1.26trn

February 5, 2026

The Nigerian Exchange (NGX) said the bourse’s market capitalisation increased from N107.86 trillion, recorded on Wednesday, February 4, to N109.12 trillion on Thursday, February 5, representing an increase of N1.26 trillion. NGX said the all-share index (ASI) expanded by 1,975.18 basis points

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Latest

Gap Between Official Window, Black Market Rates Now N82

NGX Valuation Rises By N1.10trn To N110.23trn

NCDMB Reaffirms Support for APPO, Africa Energy Bank

Dangote Refinery Highlights Fuel Distribution Capacity, Warns of Rising Costs from Coastal Logistics

FG Targets N33.19trn Revenue in 2026 Budget, Relies Heavily on Federation Transfers

Court Jails Ex-NEXIM Bank MD, Roberts Orya, 490 Years for N2.4bn Fraud

Türkiye Condemns Kwara Terror Attack, Pledges Support for Nigeria

Dollar Rate Increases To N1,366/$ In Official Market

Nigerian Stock Market Cap Hits N109.12trn — up by N1.26trn

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