Browsing Tag
Economy
524 posts
Orji Kalu Accuses Channels TV Host Seun Okinbaloye of Harassment During Live Interview
Senator Orji Kalu and Channels TV host Seun Okinbaloye had a tense confrontation on-air regarding the economic policies of the previous administration.
Nigerian Fuel Prices Anticipated to Decline Following Refinery Adjustments
Fuel marketers in Nigeria project a decrease in petrol and diesel costs by early next week, following recent price reductions implemented by the Dangote Refinery.
FCMB Launches ₦20 Billion Fund to Support Nigerian Healthcare Sector
FCMB has introduced a ₦20 billion financing initiative to bolster private healthcare businesses in Nigeria, providing essential capital for equipment, infrastructure, and operational expansion.
ITUC-Africa Urges African Leaders to Prioritize Poverty Reduction Through Industrialization
ITUC-Africa argues that African industrialization must prioritize human welfare, explicitly opposing Nigeria's plans to remove electricity subsidies.
Nigerian Government Denies Immediate Electricity Subsidy Removal Amid Public Skepticism
The Nigerian government has walked back reports of immediate electricity subsidy removals and tariff increases, focusing instead on infrastructure improvements amid growing criticism from experts and struggling small business owners.
August 6, 2026: Naira Exchange Rates Against the US Dollar
The naira held steady at ₦1,362.55 in the official market on August 6, 2026, while the gap with the parallel market rate widened to ₦62.
NESG reports improved business sentiment amid warnings of persistent economic headwinds
While Nigeria saw improved business performance in July 2026, the NESG warns that high energy costs and restricted credit access could hinder long-term growth.
Top Nigerian Headlines for Thursday Morning
This morning's summary covers the EFCC freezing Osun state funds, the release of 176 kidnap victims in Kwara, Dangote refinery price adjustments, and updates on national security and sports.
Naira experiences decline against dollar in both official and parallel markets
The Naira weakened to N1,410 per dollar in the parallel market and reached N1,368.5 in the official market, widening the spread between the two rates.
Naira experiences slight drop against US dollar on August 5, 2026
The Nigerian naira faced a minor official devaluation on Wednesday, halting a two-day rally, while the parallel market saw a slight recovery.