Oil prices fell more than 5% and world shares gained on Wednesday over the possibility of a de-escalation of the Iran war and negotiations between the United States and Iran. U.S. futures were up 0.9%. In early European trading, Britain’s FTSE 100 rose 1% to 10,072.60. France’s CAC 40 was up 1.4% to 7,855.31, while...
Category: Business and Economy
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EU Leaders Meet To Counter Pressure From Russia, China And Trump
Leaders from across the European Union are meeting Thursday in a Belgian castle as the 27-nation bloc faces antagonism from U.S. President Donald Trump, strong-arm economic tactics from China and hybrid threats from Russia — challenges that have prompted a rethink of Europe’s approach to diplomacy and trade. “We all know we must change course,...
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World Trade Organisation Chief, Dr. Ngozi Okonjo-Iweala Denounces Video Of Fake Scheme Announcing Nigerians Participate In Programs That Will Help Grow Their Wealth
Dr. Ngozi Okonjo-Iweala: “Just alerting Nigerians. Another fake AI-manipulated video. The authorities are handling. Just wanted to alert you to be aware of this. “As I repeatetdly said, I never post anything on Instagram, Facebook or WhatsApp. Anything emanating from these sources with my image is not from me. I only post on Twitter/X. I...
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Daily FX Rate for Thursday, January 22, 2026.
NGN → USD Rates NFEM (Official) Rate Official Market: Parallel Market: Closing Summary for January 23 The convergence between the two markets remains a key highlight for the first quarter of 2026. If the current trajectory holds, the Naira is expected to maintain its resilience, supported by projected growth in foreign reserves and a stabilising...
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Daily FX Rate for Thursday, January 22, 2026.
NGN → USD Rates NFEM (Official) Rate Official Market: Parallel Market: Summary of Rates The opening rate for the day was 1,419.37 per dollar at the NFEM, with the current trading average sitting at 1,421.33. In the informal sector, the average rate across major hubs remains around 1,488. Looking ahead, the market will be focused...
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Nigerian Minister Of Industry And Trade, Dr. Oduwole, At The World Economy Forum Reveals US As Strategic Partner In Business, Points Out Global Agreement Translates Into Tangible Prosperity
Dr. Jumoke Oduwole: “It was a pleasure to reconnect with Richard Quest of CNN this year. We discussed the renewed global order, where our approach is simple: Nigeria First. “Under President Tinubu’s leadership, we have a strong presence here with the launch of the Nigeria House at Davos and our recent UAE-CEPA deal 🌍🎯 “Nigeria...
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Daily FX Rate for Tuesday, January 20, 2026.
NGN → USD Rates NFEM (Official) Rate Official Market: Buying: ₦ 1,419.37/ USD Parallel Market: Buying: ₦ 1,465/ USD Selling: ₦ 1,480/ USD Market Drivers: The stability in the NFEM is supported by improved reporting and transparency in the central bank’s management of external debt and liquidity. Finance officials have recently noted that while nominal...
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Daily FX Rate for Monday, January 19, 2026.
NGN → USD Rates NFEM (Official) Rate Official Market: Parallel Market: Market Drivers: Government officials and economists remain optimistic about the currency’s performance for the remainder of 2026. Finance Minister Wale Edun recently noted that the “consolidation phase” of the economy is yielding results, with inflation expected to average around 16.5% this year—a sharp decline...
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Canada To Change Relationship With China In Strategic Partnership That Benefit Both Nations, Mark Carney Says The Distant Relationship Has Stalled Business Growth.
Mark Carney: “The Canada-China relationship has been distant and uncertain for nearly a decade. “We’re changing that, with a new strategic partnership that benefits the people of both our nations.”
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Daily FX Rate for Tuesday, January 13, 2026.
NGN → USD Rates NFEM (Official) Rate Official Market: Buying: ₦ 1,424.24/ USD Parallel Market: Buying: ₦ 1,450/ USD Selling: ₦ 1,465/ USD Market Drivers: Dealers said the local currency remained steady as traders reacted to recent policy signals and improved liquidity conditions across the foreign exchange market Outlook: Experts believe the naira’s short-term direction...