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 […]
Category: Economy
Economy
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 […]
Dollar to Naira exchange rate today, January 19, 2026
The Nigerian naira opened the new trading week on a stable note against the United States dollar in the early hours of Monday, January 19, […]
X Restores Service After Brief Outage Disrupts Nigerian Users
Social media platform X, owned by US tech billionaire Elon Musk, has restored its services after users across Nigeria experienced a brief disruption on Friday. […]
Naira depreciates to N1,490/$ in parallel market
The naira weakened slightly in the parallel market on Wednesday, slipping to ₦1,490 per dollar from ₦1,480 recorded the previous day. In contrast, the local […]
Dollar to Naira exchange rate today, January 16, 2026
The Nigerian naira held its ground against the US dollar in the early hours of Friday, January 16, 2026, showing calm across both the official […]