The naira on Tuesday surged to a record high of ₦1,372.91 per dollar in the official foreign exchange (FX) market, marking a significant milestone in Nigeria’s currency trajectory.
Nigeria’s economy expanded for the fourteenth consecutive month in January 2026 as the Composite Purchasing Managers’ Index (PMI) stood at 55.7 points, according to the Central Bank of Nigeria (CBN).
The naira on Tuesday surged to a record high of ₦1,372.91 per dollar in the official foreign exchange (FX) market, marking a significant milestone in Nigeria’s currency trajectory.
The naira on Tuesday surged to a record high of ₦1,372.91 per dollar in the official foreign exchange (FX) market, marking a significant milestone in Nigeria’s currency trajectory.
Nigeria’s economy expanded for the fourteenth consecutive month in January 2026 as the Composite Purchasing Managers’ Index (PMI) stood at 55.7 points, according to the Central Bank of Nigeria (CBN).
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Bayo Ojulari, has admitted that Nigeria’s state-owned refineries were running at a “monumental loss,” forcing his team to halt operations to stop further financial damage.
The World Bank has described Nigeria as a growing global reference point for steady and credible economic reform leadership, citing the country’s consistency and resilience in implementing difficult but necessary policy changes.
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has stated that Nigeria achieved a major investment breakthrough in 2025 with the signing of 28 new field development plans, valued at $18.2bn, which carry an estimated production potential of 1.4 billion barrels of oil.
President Bola Tinubu on Tuesday said Nigeria is ready to collaborate with African nations, global partners, and the private sector to deliver cleaner, affordable, inclusive, and more secure energy.
The Federal Government on Monday launched a free nationwide training programme aimed at equipping 10 million Nigerians with financial inclusion and literacy skills.
The Central Bank of Nigeria (CBN) has released a landmark report on the country’s fintech sector, positioning Nigeria as a continental leader in digital finance while outlining the reforms needed to sustain innovation, inclusion, and integrity.
Nigeria–China Relations @ 55: A Result-Driven Partnership Anchored in Pragmatism
By Lawal Sale
February 2026 marks a symbolic and historic convergence...