The Dollar to Naira exchange rate today showed further pressure on Nigeria’s currency at the official foreign exchange market. Data released by the Central Bank of Nigeria indicated that the Naira weakened against the United States dollar on Monday. Dollar to Naira Exchange Rate Today Drops at Official Market According to the latest figures, the…
Former Labour Party presidential candidate Peter Obi has criticised recent foreign trips by Nigerian leaders, saying such visits should produce clear economic gains for citizens. In a statement issued on Saturday, Obi said international diplomacy must go beyond ceremonies and public displays. He argued that every foreign engagement should deliver measurable benefits to the Nigerian…
Former Minister of Transportation and presidential aspirant Rotimi Amaechi has pledged to transform Nigeria within four years if elected president in the 2027 general election. Amaechi made the statement on Thursday after submitting his nomination forms at the national headquarters of the African Democratic Congress (ADC) in Abuja, where he also criticised the current administration…
Tension gripped the Apa area of Badagry in Lagos State after angry investors stormed and looted the office of the collapsed “XM Future Music Group” investment platform, following widespread reports that users had lost access to their funds. The incident, which has sparked outrage across social media, reportedly unfolded after the platform stopped allowing withdrawals,…
Capital expenditure by Nigerian state governments recorded a major decline in the first quarter of 2026 as political activities ahead of the 2027 general elections gained momentum. An analysis of financial reports released by 26 state governments showed that combined capital spending dropped from N3.79 trillion in the fourth quarter of 2025 to N1.59 trillion…
The Nigeria World Bank debt 2025 has increased by $2.08 billion, reflecting a rise in external borrowing over the past year. The latest figures highlight Nigeria’s continued reliance on multilateral funding to support economic reforms and public spending. Nigeria World Bank Debt 2025 Increase Explained Recent financial data shows that Nigeria’s obligations to the World…
Petrol prices in Nigeria are rising again, with the petrol price Nigeria 2026 now approaching N1,400 per litre following a fresh adjustment by the Dangote Refinery. The latest increase reflects ongoing pressure in the global oil market and has triggered fresh concerns among businesses and consumers across the country. Petrol Price Nigeria 2026 Climbs Amid…
The Central Bank of Nigeria (CBN) has concluded its 2026 banking recapitalisation programme, with 33 banks raising a total of ₦4.65 trillion in fresh capital. The exercise, which ended on March 31, 2026, is one of the largest capital-raising efforts in the history of Nigeria’s banking industry. According to the CBN, the banks have now…
Nigeria is intensifying efforts to attract global investors as the country faces a widening infrastructure deficit estimated at $2.3 trillion. Experts say the funding gap, which spans over two decades, continues to limit economic growth and development across key sectors. The investment requirement, projected between 2020 and 2043, highlights the urgent need for sustained funding…
Rising fuel prices in Nigeria are placing increasing financial pressure on households and businesses, as the cost of transportation, food, and essential services continues to climb. In recent months, the steady increase in petrol prices has contributed to higher living expenses across the country, affecting both individuals and business owners. Why Fuel Prices Are Increasing…
