Again, Naira Strengthens Against Dollar Across Markets The Naira posted fresh gains against the US dollar on Thursday, July 17, appreciating in both the official and parallel foreign exchange markets. In the black market, currency dealers in Abuja told Economic Confidential that the naira was exchanged...

NERC Blames DisCos for Safety Lapses as Deaths, Injuries Mar Q1 Performance The Nigerian Electricity Regulatory Commission has accused the distribution companies of non-compliance with safety guidelines which resulted in the death of 12 people and 14 others sustained injuries in electricity-related accidents across Nigeria...

No Excuse, Nigeria Can Generate 60,000MW of Electricity, Says Dangote President of the Dangote Group, Alhaji Aliko Dangote, says there is no justification for Nigeria’s low power generation output, arguing that if his conglomerate alone can produce over 1,500 megawatts for internal use, the country...

PTML Customs Rakes in N204.7bn Revenue in H1 The Nigeria Customs Service, Ports & Terminal Multiservices Limited Command, has announced collecting the sum of N204.7bn as revenue for the first half of 2025. This was contained in a statement on Wednesday by the Public Relations Officer...

CBN Pumps $4.1bn to Defend Naira Amid Falling Reserves The Central Bank of Nigeria injected a total of $4.1bn into the foreign exchange market in the first half of 2025, a move aimed at stabilising the naira and easing liquidity pressures in the currency market. This...

FG to End Fish Importation to Boost Food Security — Oyetola The Minister of Marine and Blue Economy, Adegboyega Oyetola, looks to end Nigeria’s dependence on fish importation by aggressively boosting local fish production. Oyetola made this observation in a statement on Wednesday, signed by his...