Naira Holds Firm Against Dollar in Official, Black Market  ‎The Nigerian Naira remained steady against the US dollar on Wednesday, July 9, in both the official and parallel markets. ‎In the black market, currency dealers in Abuja told Economic Confidential that the naira exchanged at ₦1,540/$1...

FG Demands Proof of Local Content Remittance from Oil Firms The Federal Government has directed upstream oil and gas operators to secure compliance certificates confirming their one per cent remittance to the Nigerian Content Development Fund. The Nigerian Content Development and Monitoring Board, an agency of...

Nigeria-BRICS Trade Hits N5.4tn in Q1 2025 Amid U.S. Tariff Threat Nigeria’s trade with BRICS countries jumped to N5.41tn in the first quarter of 2025, more than three times higher than the N1.54tn recorded from exports to the United States. This was according to an analysis...

FG, Partners Launch $32.8bn Electricity Devt Plan The Federal Government has reiterated its commitment to setting the power sector on the path of sustainability and bankability by prioritising the different reforms being undertaken in the industry. This, it said, is critical to the economic growth...

US Reduces Visa Validity to Three-month for Nigerians The US government has announced that most Nigerians applying for non-immigrant visas will now only get single-entry three-month visas. The US Mission in Nigeria said this was to reciprocate Nigeria’s visa policy for Americans. “Effective today, most non-immigrant &...

Again, Dangote Refinery Slashes Petrol Price The Dangote Petroleum Refinery has reduced the price of petrol from N840 to N820 per litre. The N20 reduction came one week after the refinery dropped the price of the fuel from N880 to N840. This indicates a N60 (6.82...