Browsing Tag
Economy
524 posts
Naira strengthens against USD in official market for August 12, 2026
The Naira gained value in the official market on Wednesday, reaching N1,360.58 per dollar, while foreign reserves rose to $52.17 billion.
Representative Ugochinyere Promotes Regional Fuel Pricing Standard for West Africa
Rep. Ikenga Ugochinyere has pledged to support legislation creating a regional fuel pricing benchmark for West Africa to reduce dependence on foreign market indices.
Nigerian Naira exchange rate updates for August 11, 2026: Official market dip following previous gains
The Naira weakened in the official foreign exchange market on Tuesday, slipping to N1,364.89 per dollar despite a slight improvement in the black market and rising foreign reserves.
A Look at 8 African Nations with Visa-Free Entry for Continental Residents
Several African nations are eliminating visa requirements to boost regional integration and economic growth, with Chad and the Republic of the Congo being the latest to join this movement.
TUC demands currency reform and improved security measures
The Trade Union Congress of Nigeria has called for a stronger naira, state-level police implementation, and a shift in refinery management to combat economic hardship and insecurity.
Nigerian Government Supports Regional Petrol Pricing Index for West Africa
Nigeria supports a new regional petroleum pricing benchmark for West Africa to boost energy security and trade, though experts stress the need for physical infrastructure and active market participation to ensure success.
NNPCL Lowers Petrol Costs Following DAILY POST Coverage
NNPCL has lowered its petrol pump price in Abuja to N1,250 per litre following a DAILY POST report regarding low customer turnout due to high costs.
Governor Adeleke Vows to Keep Osun State Funds Local for Development
Governor Ademola Adeleke insists that state funds are being kept within Osun to drive local economic growth and infrastructure improvements ahead of the 2026 election.
Omoyele Sowore claims Nigerian government continues covert fuel subsidy payments
AAC presidential candidate Omoyele Sowore accuses the Nigerian government of covertly maintaining fuel and currency subsidies while unfairly favoring the wealthy.
APC Official Questions Kano Government’s ₦1.5 Billion Mass Wedding Expenditure
APC stalwart Bashir Abdullahi II has criticized Kano State's ₦1.5 billion mass wedding, arguing that those funds should have been invested in sustainable development like education and healthcare.