Digital Skills to Power Nigeria’s Economy CBN Targets $1bn Monthly in Diaspora Financial Authorities to Track Digital Currencies President Bola Tinubu has directed Nigeria’s financial and capital market authorities to monitor the growing use of stablecoins and digital currencies. Speaking at the 18th Annual Banking and Finance Conference in Abuja, the president, represented by Finance … Read more
Dollar-to-Naira Exchange Rate — September 9, 2025 Black market trades higher at ₦1,510 to ₦1,525 per dollar. FX shortages continue to widen the gap between official and parallel rates The value of the US dollar against the Nigerian naira remains a key concern for both businesses and individuals. Today’s rates show moderate movement across both … Read more
Presidency clarifies Tinubu did not introduce a new 5% fuel tax. Surcharge dates back to the 2007 FERMA Act, not Tinubu’s reforms. Levy will fund road infrastructure but excludes household energy products. The Presidency has dismissed reports that President Bola Tinubu introduced a new 5% surcharge on fuel products, insisting that the provision has existed … Read more
₦500 fuel levy won’t begin automatically in 2026 Nigerians urged to disregard misleading claims Implementation requires the Finance Minister’s formal order The Presidential Fiscal Policy and Tax Reforms Committee has announced that the proposed ₦500 fuel levy will not take effect automatically on January 1, 2026. This clarification comes from the Committee’s chairman, Taiwo Oyedele, … Read more
Peter Obi urges leaders to patronize local tourism Says Nigeria can earn $20bn yearly Cites Turkey’s $61bn success Former Anambra Governor Peter Obi has called on Nigerian leaders to lead by example and prioritize taking their holidays within the country, rather than abroad. Speaking after the Domestic Tourism Conference in Enugu State, Obi took to … Read more
Obasa: Nigerians Have Witnessed Transformation Under Tinubu Says Tinubu’s administration had tackled the challenges of economic stagnation and instability Obasa praised the launch of the NELFUND Speaker of the Lagos State House of Assembly, Mudashiru Obasa, has commended the administration of President Bola Ahmed Tinubu, saying Nigerians have witnessed inspiring transformation within the last two years. … Read more
Tinubu, Sanwo-Olu, Dabiri-Erewa, Others to Headline ECI@25 Convention in Newark The convention will run from September 18 to 21 Prof. Emmanuel Akin Abayomi, will reflect on “Pandemic Preparedness and Healthcare Innovation” Nigeria’s foremost political leaders, policymakers, and innovators are preparing to take the stage at the 14th Biennial Convention of Eko Club International (ECI@25). Eko … Read more
Dollar to Naira Exchange Rate Today, 5th September 2025 Black market rate hits ₦1,538, widening gap with official window. Analysts link depreciation to inflation, imports, and weak oil revenues The Naira continues to face pressure against the United States Dollar as Nigeria’s foreign exchange market remains volatile. On Friday, 5 September 2025, the local currency … Read more
NOA says 70% of Nigeria’s 80 million youths unemployed Most productive years lost to joblessness Call for empowering talent through engagement Almost 70 percent of Nigeria’s estimated 80 million youths are currently unemployed, a staggering reality revealed by the National Orientation Agency (NOA) that spotlights a mounting social and economic crisis. Eko Hot Blog reports … Read more
Economic Reforms Stabilising Nigeria – Tinubu Promises Federal Support for Ogbomoso Development Projects No Nigerian Student Should Drop Out Due to Poverty President Bola Tinubu on Tuesday declared that his administration’s economic reforms are stabilising the country and restoring Nigeria’s place of pride on the global stage, Eko Hot Blog reports. “The bleeding has stopped. … Read more
Tinubu to Inaugurate 6,000MT Lithium Processing Plant in Nasarawa ..Project signals growing investor confidence in solid minerals sector, says Gov Sule The Ministry of Solid Minerals also outlined plans to restrict lithium exports President Bola Ahmed Tinubu will visit Nasarawa State to inaugurate a new 6,000-metric-ton lithium processing plant built by Chinese investors, Governor Abdullahi … Read more
Lagos Is a No Man’s Land – Tinubu’s Adviser Daniel Bwala Bwala defended the N3.9 trillion in federal projects reportedly allocated to Lagos over two years Says Lagos pride of Nigeria’s economy Daniel Bwala, the Special Adviser to President Bola Tinubu on Policy Communication, described Lagos State as belonging to no single group and called … Read more
Dollar to Naira Exchange Rate Today, September 3, 2025 CBN official rates close lower, ranging between ₦1,530 and ₦1,522. Exchange rate fluctuations highlight forex supply and demand pressures nationwide. The exchange rate between the United States Dollar (USD) and the Nigerian Naira (NGN) continues to fluctuate as traders, investors, and ordinary Nigerians monitor the value … Read more
Tinubu’s Economic Moves Starting to Pay Off – Financial Analyst Nataro says early indicators suggest a gradual turnaround in Nigeria’s fiscal direction Observers say the coming months will be crucial in determining whether the early signs of progress translate into broader economic relief for citizens Economic reforms introduced by President Bola Tinubu are starting to … Read more
Ardova Plc partners with Dangote Refinery for competitive fuel pricing. Deal aims to boost efficiency and competition in Nigeria’s oil sector. Dangote Refinery and MRS offer petrol at ₦935 per litre nationwide. Ardova Plc, one of Nigeria’s leading integrated downstream oil and gas companies, has signed a bulk purchase framework with Dangote Refinery to ensure … Read more
Afrinvest projects Naira at N1,804 per dollar by 2025 due to FX volatility. CBN faces challenges in meeting foreign exchange demand. EFEMS introduces relative stability amid Naira fluctuation The Nigerian Naira is expected to depreciate to a fair value of N1,804 per dollar in the official market by 2025, according to a recent Afrinvest report … Read more
Naira Strengthens to N1,534/$ Post-Christmas Holiday Parallel Market: Naira Closes at N1,650/$ on Friday FX Turnover Hits N23.95 Trillion in November The Nigerian naira appreciated against the US dollar in the foreign exchange market following the resumption of work after the Christmas holidays. According to FMDQ data, the naira strengthened to N1,534 per dollar on … Read more
Dangote reduced petrol ex-depot price to ₦899.50, citing market forces. He denied claims of $1 billion NNPC financial aid. The refinery refines 350,000 barrels daily, transforming Nigeria’s oil sector. Aliko Dangote, President of Dangote Industries Limited, has clarified the recent reduction in the ex-depot price of Premium Motor Spirit (PMS) at his refinery’s loading gantry … Read more
President Bola Ahmed Tinubu has reiterated that his administration’s tax reforms are permanent and will remain a key part of Nigeria’s economic policy. The President made this assertion on Monday night during a presidential media chat aired by the Nigerian Television Authority (NTA). EDITOR’S PICKS Sanwo-Olu Donates N75M to Support Legionnaires and Families of Fallen … Read more
Rice, a staple for Christmas celebrations in Nigeria, has become a luxury this year. Soaring food prices have made the traditional dish of jollof rice and chicken increasingly out of reach for many families, who are now carefully reconsidering their plans for the upcoming holiday season. To understand the cause, it’s important to note that … Read more