Naira Rebounds, Posts Fresh ₦20 Gain Across FX Markets The naira appreciated against the U.S. dollar on Thursday, October 30, recording gains in both the parallel market and the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential...

Tinubu Lays Foundation for Durable, 100-Year Roads - Umahi The Minister of Works, David Umahi, has said President Bola Tinubu’s administration is laying a foundation for a new generation of highways designed to last between 50 and 100 years, marking...

NGX Market Cap Rises 37.7% to ₦141.75tn in Sept The Nigerian Exchange Group has recorded a 37.7 per cent growth in market capitalisation, rising to N141.75tn as of September 2025 from N102.94tn in the same period of 2024. This performance reflects...

Retailers Warn Monopoly Threatens Nigeria’s Oil Market The Petroleum Products Retail Outlets Owners Association of Nigeria has warned against monopolistic practices in the downstream oil sector, saying fair access and open competition are critical to sustaining Nigeria’s deregulated market. Presenting a...

FG Releases ₦2.3bn to Universities for Arrears, Staff Welfare The Federal Government has disbursed ₦2.3 billion to university-based unions to settle outstanding arrears and enhance staff welfare, reaffirming its commitment to addressing lingering labour issues in the education sector. Tunji Alausa,...

Reps Approve Tinubu’s $2.35bn Loan Request for 2025 Budget The House of Representatives has approved President Bola Tinubu’s request to borrow $2.35 billion to finance part of the 2025 budget deficit, aiming to support government spending and economic stability. The House,...