Dollar Holds Around ₦1,330 as Naira Remains Relatively Stable
The naira remained relatively stable against the US dollar on Wednesday, September 30, 2026, with rates in Nigeria’s official and parallel foreign exchange markets...
Otti: Abia Shifts Focus From Traditional Trading to Manufacturing
Abia State Governor, Alex Otti, says his administration is repositioning the state’s economy by shifting attention from conventional trading towards manufacturing and technology-driven commerce.
Otti...
Manufacturers Can’t Stay in Survival Mode Indefinitely — MAN DG
The Director-General of the Manufacturers Association of Nigeria, Segun Ajayi-Kadir, has warned that manufacturers cannot continue operating under difficult conditions indefinitely, saying prolonged pressure...
Dangote Unveils Bigger Refinery Plan for Kenya
Africa’s richest man, Aliko Dangote, has revealed that his planned refinery in Kenya will feature heavier processing equipment and a larger power-generation facility than...
NMDPRA Sets September 2028 Deadline for Fully Liberalised Gas Market
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has set September 24, 2028 as the target date for Nigeria’s domestic gas market to transition...
DANGOTE EXPLAINS WHY HIS REFINERY IPO IS NOT ABOUT RAISING MONEY
Billionaire businessman Aliko Dangote has explained why his proposed refinery Initial Public Offering (IPO) is not primarily aimed at raising funds.
During an interview, Dangote...
US DEA Opposes Full Release of Tinubu-Related Drug Records
The United States Drug Enforcement Administration has told a federal court that releasing portions of investigative records linked to Nigerian President Bola Ahmed Tinubu...
More Cash, Lower Rates: What’s Happening in Nigeria’s Money Market?
Banks Get More Cash as Money Market Rates Ease to 21%
Money market rates declined on Wednesday as liquidity in Nigeria’s banking system increased significantly,...
Tax Deadline: What Changes for Businesses From October 1
October 1: Late Tax Payments to Come With Extra Charges for Businesses
Businesses and other taxpayers in Nigeria who fail to settle their tax obligations...
