On Tuesday, the Nigerian naira exchanged hands at approximately ₦1,600 per US dollar in the unofficial, or “black”, foreign exchange market, according to reports from Nairametrics. Traders on this parallel market—outside the Central Bank’s official windows—were quoting rates hovering around this key threshold. Domestic demand for the dollar remains strong, exerting downward pressure on the
In a stirring address at the 2025 West Africa Economic Summit held in Accra, Ghana, President Bola Ahmed Tinubu delivered a clarion call to regional leaders, urging them to move beyond rhetoric and take decisive steps towards fostering genuine economic integration across the subcontinent. Speaking before a gathering of heads of state, business leaders, policymakers,
In a stirring address at the 2025 West Africa Economic Summit held in Accra, Ghana, President Bola Ahmed Tinubu delivered a clarion call to regional leaders, urging them to move beyond rhetoric and take decisive steps towards fostering genuine economic integration across the subcontinent. Speaking before a gathering of heads of state, business leaders, policymakers,
Calls for urgent reforms echoed across the 2025 West Africa Economic Summit in Accra as leaders, economic experts, and trade advocates stressed that breaking existing trade barriers within the subregion could unlock an estimated $500 billion in economic value. The consensus among participants was clear: West Africa holds immense untapped potential that can only be
Foreign Direct Investment (FDI) inflows into Nigeria and several other developing countries have declined sharply, reaching their lowest levels since 2005. This downturn, according to recent global economic assessments, has been attributed to the growing wave of trade restrictions, investment protectionism, and mounting economic uncertainties across the globe. FDI, which is widely regarded as a
At the 2025 China-Africa CEO Dialogue, the Director-General of the Nigeria-China Strategic Partnership (NCSP), Mr. Joseph Tegbe, made a powerful appeal for bold and collaborative action between China and Africa, urging leaders in business and policy circles to move beyond mere words and commit to concrete, sustainable partnerships. Speaking under the theme “Sustainable Development, Green
The Director General of the Securities and Exchange Commission (SEC) has joined other global leaders and key stakeholders at the 2025 Beijing International Sustainability Conference currently taking place in China. The high-level event, which brings together thought leaders, policymakers, and financial regulators from across the world, focuses on driving sustainable development and responsible investing in
Abuja, June 19, 2025 – In a renewed effort to tackle food inflation and enhance agricultural distribution across the country, the Federal Government and state governors have resolved to dismantle illegal checkpoints and eliminate multiple levies that have long hindered the smooth transportation of food items nationwide. The decision was reached during a high-level meeting
Tel Aviv, June 19, 2025 – The Tel Aviv Stock Exchange (TASE) suffered a sharp decline on Tuesday, plunging by 3% as mounting geopolitical tensions in the Middle East rattled investor confidence. The dip translates to an estimated $475 billion in market value losses, marking one of the most significant single-day slumps in recent months.
In a renewed drive to enhance operational efficiency and promote economic growth, the Customs Area Controller of Apapa Command, Comptroller Babajide Kanu, has reiterated the importance of strong collaboration between the Nigeria Customs Service and key industry stakeholders. Speaking during a strategic engagement session held at the Apapa Customs Command headquarters, Compt. Kanu emphasized that
