Lagos, Nigeria – June 18, 2025The Nigerian naira continued its bullish momentum on Tuesday, appreciating to below ₦1,600 per dollar in the parallel market, as the U.S. dollar showed signs of weakening amid shifting global currency dynamics. Market sources revealed that the naira exchanged between ₦1,580 and ₦1,595/$, marking one of its strongest performances in
Nigeria’s Corporate Affairs Commission (CAC) is set to increase fees for various registrar services starting August 1, 2025. This move, announced by the CAC, is a direct response to current economic conditions, rising operational costs, and the commission’s ambition to enhance its digital services. Why the Fee Hike? The CAC conducted a thorough assessment of
Abuja, June 16, 2025 — In a bid to shore up economic stability, Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and Central Bank of Nigeria Governor, Dr. Olayemi Cardoso, convened at the CBN headquarters today to discuss enhanced coordination between Nigeria’s fiscal and monetary authorities. The meeting, supported by a joint
Abuja, Nigeria | June 16, 2025 –Nigeria’s bilateral agreements with global aircraft manufacturers Boeing and Airbus face potential delays due to a worsening global shortage of commercial aircraft, aviation authorities have disclosed. According to the Federal Ministry of Aviation and Aerospace Development, the global backlog in aircraft production, exacerbated by supply chain disruptions and rising
Abuja, Nigeria – June 16, 2025The Infrastructure Concession Regulatory Commission (ICRC) is set to host the Nigeria PPP Summit 2025 from June 17 to June 18 in Abuja, as part of national efforts to accelerate infrastructure delivery through public-private partnerships under the Renewed Hope Agenda of the Tinubu administration. The summit, themed “Unlocking Investments for
June 16, 2025 – Abuja, Nigeria Nigeria has recorded a ₦5.17 trillion trade surplus in the first quarter of 2025, indicating a strong export performance and growing economic resilience despite prevailing global and domestic challenges. According to data released by the National Bureau of Statistics (NBS), total exports during the period stood at ₦15.19 trillion,
Abuja | June 15, 2025 Nigeria exported firewood and charcoal worth a total of N65.85 billion between April 2024 and March 2025, according to data released by the National Bureau of Statistics (NBS) in its latest foreign trade report. The report, which highlighted Nigeria’s top non-oil exports, revealed that the firewood and charcoal sector experienced
Lagos | June 15, 2025 Market leaders in Lagos State have clarified that the government’s recent clampdown on plastic use is not intended to stifle business or profit-making, but rather aimed at protecting the environment and public health. Speaking at a sensitisation forum organised by the Lagos State Ministry of the Environment and Water Resources,
Lagos, Nigeria – June 14, 2025 Financial experts have projected that Nigeria’s financial ecosystem will undergo a radical transformation by the year 2035, driven by rapid digital adoption, regulatory reforms, and deepening financial inclusion. This was revealed during the Nigeria Future Finance Conference 2025, held in Lagos, where industry leaders, policymakers, and innovators gathered to
Ilorin, Kwara State – June 14, 2025 Food prices across Kwara State have seen a notable decline, following increased investments in agriculture by the state government and private sector players. The development has brought relief to residents who had long grappled with rising food costs due to inflation and supply chain challenges. Markets in Ilorin,
