The Nigerian naira traded steadily against the United States dollar on Tuesday morning, February 3, 2026, maintaining the calm momentum seen at the start of […]
Category: Economy
Economy
NBS Reports Slight Drop in Major Food Prices in November 2025
The National Bureau of Statistics (NBS) has reported a slight decline in the prices of major food items, including rice, beans, garri, tomatoes, and onions, […]
FG, States, LGs Share ₦1.969trn December 2025 FAAC Revenue
A total of ₦1.969 trillion, representing the Federation Account revenue for December 2025, has been shared among the Federal Government, state governments and local government […]
Dollar to Naira exchange rate today, February 2, 2026
The Nigerian naira has opened the first trading week of February 2026 on a stable note, holding firm around the ₦1,390 range in the official […]
FG Approves Two New Communication Satellites to Boost Nigeria’s Digital Economy
The Federal Government has approved the procurement of two new communication satellites as part of efforts to strengthen Nigeria’s digital infrastructure and support President Bola […]
National Power Grid Suffers Another Collapse Within Four Days
Nigeria’s national power grid suffered another collapse on Tuesday, marking the second system failure in just four days and raising fresh concerns about the stability […]
FG Says World Bank–Backed HOPE-GOV Programme Targets Lasting Reforms in Health, Education
The Federal Government has said the World Bank–assisted Human Capital Opportunities for Prosperity and Equity–Governance (HOPE-GOV) programme is focused on driving long-term reforms in how […]
Naira down to N1,495/$ in parallel market
The naira weakened against the dollar on Monday, recording losses in both the official and parallel foreign exchange markets. In the parallel market, the local […]
Dollar to Naira exchange rate today, January 20, 2026
The Nigerian naira remained largely stable in early trading on Tuesday, January 20, 2026, as the foreign exchange market responded to government projections of economic […]
Fuel Imports Still Dominate Nigeria’s Petrol Market in 2025 Despite Local Refining Gains
Petrol imports remained Nigeria’s main source of fuel supply in 2025, accounting for about 62 per cent of total Premium Motor Spirit (PMS) consumption, even […]